Journals

The study examines the impact of investment appraisal technique on investment decision in manufacturing companies. The research aims at evaluating the appropriateness of investment appraisal techniques being used by the companies and also to assess vividly how environmental factors and poor utilization of funds have influence investment decision. Previous studies work on overall financial/non-financial sector was carried out but according to my limited knowledge there is very few specific studies in manufacturing sector. This study helps the managers to take corrective measures in aligning environmental factors in making investment decision. Survey research design was used in the study. Chi-square, simple percentage and tables were employed to confirm the impact of investment appraisal techniques on investment decision in manufacturing companies. The study concluded that investment is more likely to fail if not appraised and investors have to consider environmental factors when analysing investment proposals. The study recommends that management should use sophisticated investment appraisal techniques and conduct feasibility study to avoid poor utilization of funds.

Accountability and transparency have a vital role to play both in public and private organizations concerning good governance, efficiency and effectiveness of resource management. The objective of this study is to assess the taxpayers’ perception concerning accountability and transparency of internal auditors in tax administration. To achieve this objective, a survey research design was used to collect data from 342 taxpayers’ resident in Abuja, Nigeria. The collected data were analysed using SPSS to achieve descriptive statistic based on ranking method. The overall findings of the study shows that taxpayers are very concerned about the roles internal auditors play in safeguarding accountability and transparency of the tax authority in influencing their tax compliance behaviour. The implication of the findings is that if efficient and effective internal audit function is being maintained in tax authority, good governance will prevail and there will be accountable and transparent tax administration. Therefore, the study recommends that tax authorities should ensure that there is efficient and effective internal audit function within their setting for operational good governance towards sustainable tax compliance.

Efforts aimed at reducing or eliminating the enormous consequences of human activities on the Nigeria environmental and social landscape has led to financial sector’s involvement in green practices. This study sought to determine the impact of green financing practice, i.e. green loan, green investment, green technology and green training, on financial performance, (return on assets - ROA) of commercial banks in Nigeria. The study adopts mixed approach by which primary and secondary data were collected through questionnaire and annual reports of the sampled banks for the year 2021. The population of the study is the 24 commercial banks with national and international authorization in Nigeria as at 31st December, 2021, out of which 17 banks with total employee strength of 57,028 were sampled using purposive sampling technique. Primary data were collected from a sample of 391 bank employees drawn from the 57,028 employees of the sampled banks. The data were analysed using multiple regression. The result showed that green loan and green technology have positive impact on ROA, while green investment and green training negatively impact on the banks’ ROA. The study recommends that Government should, through its various regulatory agencies, encourage the mainstreaming of green loan initiative by all banks operating in Nigeria, and also developing green financing taxonomy that would serve as practice guide for the banks as they develop and integrate green ideas into their operations.

This study determined the effect of firm attributes on financial reporting quality of listed consumer goods firms in Nigeria. The study adopted expo-facto research design and used data extracted from the annual reports and account of listed consumer goods companies under study. Multiple regressions analysis was used in analysing the data. The findings revealed that firm size has a positive but not significant influence on financial reporting quality of listed consumer goods companies in Nigeria. Firm age has a negative and significant influence on financial reporting quality of listed consumer goods companies in Nigeria. Profitability has a positive and significant influence on financial reporting quality of listed consumer goods companies in Nigeria. Leverage has a positive and significant effect on financial reporting quality of listed consumer goods companies in Nigeria. Firm growth has a negative and significant influence on financial reporting quality of listed consumer goods companies in Nigeria. In addition, liquidity has a positive and significant influence on financial reporting quality of listed consumer goods companies in Nigeria. It is therefore recommended that Listed Nigerian consumer goods companies should consider the use of debt financing because it serves as a monitoring mechanism of absentee owners and it significantly influence financial reporting quality

This study examines the effects of financial distress on firm values with particular focus on listed conglomerates companies in Nigeria for a period of 2013 to 2022. The study utilized a descriptive and inferential statistics to analyse the data. The panel data regression result shows that working capital, net profit after tax and sales has significant effect on the firm value measured by return on assets while retained earnings and market value of equity has no significant effect on the value of conglomerates firms in Nigeria. The study therefore recommends that if the firms under consideration notices significant declines in any of these indicators shouldn’t be taken lightly as it may signal financial distress. Similarly, other variables that failed to prove their significance can also be kept under watch list. Close observation needs to be maintained to monitor their behaviour as unpredicted situation can change them suddenly as a result of the economic variability

This study examines the effect of Federal Government Funding on Universal Basic Education Programme in Nigeria. To achieve the study objective, ex-post facto research design was adapted and secondary data was extracted from the annual reports of 30 States of Universal Basic Education from 2007 - 2021. Panel regression analysis was used to analyse the data. The result shows that federal government matching grant and Teachers' professional development fund have positive effect on infrastructural development and training of teachers and educational managers in the Nigerian Universal Basic Education System respectively and the effect is statistically significant. Special education fund has a positive effect on enrolment of mentally and physically challenged pupils in Nigerian Universal Basic Education system but the effect is not statistically significant. It was recommended among others that they should be timely disbursement and utilization of federal government matching grant which should be highly supervised by authorities who have oversight on the utilizing ministries or agencies so that its intended purpose of improving infrastructure in Nigerian Universal Basic Education system can be achieved.

Working capital management (WCM) is very important in times of global financial crisis. I Working I capital I is I considered I Asi I there I livewire I Andi I nerve I of I ai I business. Iti is therefore I important in having I am stable I operation I of I any I organization, I but I researches I in I working I capital I management I have in shown I inconclusive I results’ I Thei objective of this study is to examine their effect of Money Nigeria. Thei study covers a periodic of thirteen years (2010 to 2022). I The study used secondary data which were obtained the iAnnual Reports Andi Accounts of the Deposit Money Banks in Nigeria. I ii Multiple regressions was employed to test their model of their study using OLS. I Thei I result shows that Working Capital Management has I significant effect on return on equity of Deposit Money Banks in Nigeria. Thei study recommends that there I management should put more attention on their liquidity in order to maintain ani adequate liquidity Asi their study has empirically proved that higher liquidity signifies more profitability, I their listed Deposit Money Banks in Nigeria I should I try I Andi I maintain I ai higher quick ratio I Asi I it’s Willi I have I ai I positive I impact on there I profitability. I Finally ii their ii-shoulder reduce holding too much amount of cashier ii iniid ii current ii asset Asi it constitutes idle cash, I instead their firm should invest their cash soi that it could yield higher returns.

This study examines the impact of governance and audit factors on financial performance of listed financial firms in Nigeria. The study adopts longitudinal research design using cross sectional data of ten years (2012-2021) to examine the effects of independent variables ((Audit fee, Audit tenure, board size and board independence) on the dependent variable (ROA proxy for financial performance).The population of the study consist of fifty-five (55)listed financial firms in Nigeria as at 2021.In view of this, thirty (30) out of fiftyfive (55) financial firm listed on Nigerian Stock Exchange were selected to represents the sample size forth is study using filtering sampling technique. Secondary data were used and data we resourced from the audited annual report of the sample financial firms in Nigeria. Ordinary least square regression technique was used with the aid of E-view 10 to analyse the data. The study revealed that, audit fee, board size and board independence have positive effect on financial performance of listed financial firms. While audit tenure has negative effect on financial performance. The study concludes that auditor characteristics influence financial performance of listed financial firms in Nigeria. The study recommends and suggests that the boards of directors of Nigerian listed financial firms ensure that non-executive directors should have the ability to monitor and control the extremes of the executive directors, thereby protecting the interests of shareholders and other stakeholders. As a result, the number of non-executive (independent) directors on the Board is an important monitoring mechanism and control device for financial performance of firms.

This study examines the determinants of IFRS adoption by SMEs in North Central Nigeria. To achieve the study objective, survey design was used. The study adopts primary source of data. The primary data was collected through questionnaire issued to SMEs in each state within North Central Nigeria. The sample size of 395 was determined using Taro Yamani out of the targeted population of 29,621 SMEs in 6 States of North Central Nigeria. Multiple linear regression was used to analyse the data. The result of the analysis shows that business culture significantly determines IFRS adoption by SMEs in North Central Nigeria; economic factors does not significantly determine IFRS adoption by SMEs in North Central Nigeria; need for capital significantly determines IFRS adoption by SMEs in North Central Nigeria; accounting knowledge significantly determines IFRS adoption by SMEs in North Central Nigeria and that legal system significantly determines IFRS adoption by SMEs in North Central Nigeria. The study recommended that the government and other regulatory bodies such as Financial Reporting Council of Nigeria should ensure that SMEs in North Central Nigeria adopt a globally recognized framework for financial reporting like IFRS in order to improve government assessment of the performance of SMEs for tax purpose. This will also help the SMEs access tax benefits that come with adopting government regulations and foster a more transparent form of tax administration for SMEs and the government.

The study was carried out to investigate the effect of human resource accounting on financial Performance of manufacturing firms listed in Nigeria. Thus, the study critically investigated the extent and nature of the association between human resource accounting staff training/recruitment cost, staff salaries/remuneration, staff pension cost and staff gratuity cost, these variables were proxy for Human Resource Accounting while financial performance was measured using firms' profit for the year. Secondary data were collected from the annual reports of the selected companies for the period of 2010-2020 and analysis was run with the aid of E-view output 9. The empirical result revealed that both staff training/recruitment cost and staff gratuity cost have significant positive influence positive influence on the profit for the year of the selected listed companies in Nigeria. Further, it was revealed that Staff salaries/remuneration and Staff pension cost has insignificant negative effect on profit for the year of listed manufacturing firms in Nigeria. The study concludes that human resources accounting has significant effect on financial performance of manufacturing firms in Nigeria. Implication of the findings: it will improve resource allocation among the companies, and it will assist management in the employment, locating and utilization of human resources, finally it will evaluate the policy along with employee’s performance in the areas where improvement is needed. Based on these findings, the study recommends that firms should adopt viable human resource accounting variables in their operations. Again, they are advised to ensure that the relevant training and retraining packages designed for performance improvement is well embraced by all employees for better performance on the job. Besides, the firm management of manufacturing companies should make retirement benefits attractive so as to draw most excellent brain to their respective firms and establishments.

This study which was carried out because of lack of accounting records in many small and medium scale enterprises leading to poor internal controls was carried out using small and medium scale enterprises in Abuja. The study sought to establish whether a relationship exists between accounting records and internal control in small and medium scale enterprises. This study was anchored on the resource-based theory. The study employed a cross-sectional survey, descriptive and inferential research design, using questionnaire as the instrument for data collection. The questionnaire was validated and tested for reliability before use. Stratified random sampling technique was employed to draw a sample of 139 elements from the manufacturing and service SMEs operating in Abuja on which the questionnaires were administered to. Data were presented in frequency and simple percentage tables. Formulated hypotheses were tested with Pearson Product Moment Correlation Statistic aided by SPSSv23. Findings indicate that accounting records significantly relates with internal control in SMEs. Findings of this study shows that accounting records correlates with internal control practice in SMEs and recommendation was made based on the findings that SMEs should at all times employ accounting records in their operations.

This study investigates the effect of corporate entrepreneurship on the performance of quoted food and beverage companies in Nigeria. Survey research design was adopted for the study. The population for the study was 148 management staff of quoted food and beverage companies in Nigeria. While census approach was used to study the entire population of 148 management staff. Data for the study were analysed using descriptive and inferential statistics. This was done through the instrumentality of SPSS that facilitates necessary computation. The findings of the study indicate that, innovation had significant effect on the performance of food and beverage companies in Nigeria (B = 0.511, t = 6.636, p = 0.001 < 0.05); risk taking had significant effect on the performance of food and beverage companies in Nigeria (B = 0.425, t = 6.538, p = 0.000 < 0.05); proactiveness had significant effect of the performance of food and beverage companies in Nigeria (B = 0.324, t = 4.208, p = 0.005 < 0.05);competitive aggressiveness had significant effect on the performance of food and beverage companies in Nigeria (B = 0.259, t = 3.364, p = 0.010 < 0.05); and value creation had significant effect on the performance of food and beverage companies in Nigeria (B = 0.256, t = 3.241, p = 0.004 < 0.05). The study concluded that; innovation, risk taking, proactiveness, competitive aggressiveness and value creation have significant effects on the performance of food and beverage companies in Nigeria. The study therefore recommended that management of food and beverage companies should strive to encourage innovation culture. This can be attained by giving appropriate incentives to staff inform of reward, celebration of success, promotion of teamwork and intranets that can help employees to share information that promote innovation and boost performance, creating conducive environment that allow staff to contribute freely to decision making process without victimisation as well as not penalising those who try new ideas that fail.