Financial statements, apart from stating the financial position of an organization, provides other information such as value added, changes in equity, if any, and cash flows of the enterprise within a defined period time to which it relates (Iyoha and Faboyede, 2011). This information is useful to a wide range of users making informed economic decisions. The quality of financial reporting is indispensable to the need of users who require them for investment and other decision making purposes. ... read more

Small and medium enterprise (SMEs) are considered backbone of economic growth in all countries (Rajesh, Surash and Deshmukh, 2008). Small and medium enterprises play an important role in Nigeria’s economic growth, as they constitute 97.2% of the companies in Nigeria (Ministry of Trade and Investment, 2011). It is unfortunate that SMEs performances have fallen short of expectations in Nigeria (Osotimehin, 2012). The country is still characterised with alarming unemployment rate of 19.7% in 2010... read more

Accounting regulatory bodies usually formulate industry specific standards when an industry has peculiar characteristic of accounting for banks and non-bank financial institutions. The oil and gas industry is one of such industries that have specific accounting standards. This can be attributed to its peculiarity in terms of high capital requirement, earning volatility, regulation, type of business ownership, taxation, non-correlation between the amount of investment made and returns obtained (... read more

The web star dictionary defines fraud as “an intentional deception to cause a person to give up property or lawful right, which could also mean deceit, trickery or cheating. According to statement of internal audit standard No2 of the Institute of Internal Auditors, USA, fraud is defined as an array of irregularities or legal acts characterized by international deception. The world of financial statements fraud needs no introduction. The practice of manipulating the financial statements of ... read more

Role of Accountant in Economic Development of Nigeria, it has to do with the role in which Accountant plays in the Economic Development of Nigeria. The concept of Economic Development has to with innovation and improvement in the quality of life of the people it is about sustained rise in the standard of living of the people overtime, whether in advance or less developed countries, nations, government superiors state of affairs or superiors they currently enjoy. To achieve this, deliberate... read more

The impact of financial accounting reports on the corporate performance is becoming more apparent to users groups of financial statements. Accounting is not an exact science neither is business operations without some subjective and judgmental errors when it comes to reporting them. A financial report therefore is a document statement which informs the various interest groups to a business on the operations and performance of their business in a period under review its present state o... read more

In this present world, individual, business men, firms and government have seen the effects of computer in the area of recording and safe keeping of information,. However, this computer cannot function unless the day-to-day business activities are well documented and fed into it properly. Every business get up has different levels of management and each of these level of management and information to enable them make decision on how he objective of the organization can be achieved likewis... read more

Strategy management can simply be defined as the effective control of available resources in an organization and the professional uses of accounting information for companies benefit in under to determine the managerial performance of industries professional use of accounting data provide information that can be expressed in financial term i.e Naira and kobo. Accounting data in an organization are usually flexible dependable and hence, it will assist the management of the organization in decisio... read more

This study was undertaken to examine management accounting techniques as a tool for decision making in management organization adopted by Plastic Footwear Industry Limited, Port Harcourt. In order to actualize these objectives, structural questionnaires were drawn and administered; personal interview method was also in conforming items that contained in the questionnaire. The first chapter of the study gave a general introduction and background of the study and chapter two reviewed the related l... read more

Since the attainment of independence in 1960 various policies of the Nigerian government have been geared towards promoting the growth and development of the Nigeria economy by influencing the trends of Gross Domestic Investment or indirectly through policies aimed at stimulating the flow of finance in any growing economy. Several literatures have shown that there is a nexus between increase in Real Gross Domestic Investment and economic growth of the Nigerian economy. Real Domestic investment i... read more

Information is a life-wire of every business organization. However, it is of various diversities, but accounting information was selected for this study on the grounds that some business organizations do not base their decision on the available accounting information, and therefore lack a controlling power on their incomes and expenditures. It was on this ground that the topic of this study “The Importance of Accounting Information in Management Decision Making Process” was derived and Akwa ... read more

According to Ogunjimi in Ejiofor (2008:2) the running of any business is based principally on financial functions and hence what usually first come to mind in every business activity is the monetary aspect involved. No wonder an accounting department plays a vital role in effective running of an organization. Peter and Sylvia (2008:7) explains that financial statements are literally a “road map” telling us where a financial firms has been in the past, where it is now and perhaps where it is... read more

It is pertinent at this introductory part to note the term auditing I its primitive and rudimentary form can well be traced back to the ancient firms but the term auditing is seen today in its formed state and was established in the later part of 19th century. Originally an auditor was one whom the receipt and payments of an establishment were read. The definition of auditing came as independent examination and investigation of the evidence from which a financial statement has been prepared w... read more

The main purpose and focus of this study was to investigate and bring to limelight the roles of insurance company in management of risk in medium scale organization. The researcher used Usmer water ventures located at No. 2 Hospital Lane Uyo, Akwa Ibom State for her study. In order to achieve the objectives of the study, seven (7) research questions and five (5) hypothesis were formulated to give a proper guide to the study, literatures that were related to the variables of the topic under stud... read more

The paper examines interaction between financial development and economic growth in Abia State. The study highlighted to analyze practically the developmental roles of financial institution in economic development of Abia with Ministry of economic development, Umuahia as the case study. It was organized into five chapters to ensure systematic approach to the issue. Chapter one presents background of the study, statement of the problems, objectives of the study, research hypothesis, significance ... read more

Taxation is a fiscal measures used by government to control the economy as well as raise funds for infrastructural development, level up income and promote equalitarianism in the society. However, in collecting taxes, government all over the world are with the several problems such as obtaining correct assessment, mobility of tax collectors, inadequate office equipment and suppliers and fraud by tax officials. These and other problems necessitated this study on “Assessment and Administration o... read more

This project emphasize on costing in an organization. It is phenomenon for every organization (manufacturing). It is mandatory for every organization (manufacturing company) to adopt any costing techniques in an organization that is deemed appropriate but it can be combined with any of the costing technique. Thus, the desire to find out the impact of costing technique to manufacturing company ignited this study. This work examined the impact of costing technique of an organization which is parti... read more

This study examined the practical impact of accounting standard on the development of small scale business in Akwa Ibom State, with particular focus on P-MAT table Water Company as the study area. The researcher used the objectives of the study to identify the problems created by non-existence of accounting records and inadequate accounting information, due to the fact that most small scale business do not obey accounting standard. To show the impact of accounting standards on small scale busine... read more

The study examines the effect of forensic accounting as a tool for fraud detection and prevention in an organization. The aim of this study is to determine the relationship between fraud detection, prevention and forensic accounting. To achieve this objective, data was collected from primary sources. The primary data were collected with the help of a well-structured questionnaire of two sections administered to staff and management of Enugu South Local Government Area. The collected data were an... read more

Omuya (1990) defined “accounting as a language of business, it is used in the business world to describe the transaction entered into by all kinds of organization. An analysis of the above definition shows that accounting centres on transforming data into information that would be useful to many users. It takes care of the financial communication of the entry as it supplies the financial information in a way and, form so desired by the users. In a similar case Millichamp (1992) defined accoun... read more