Income Smoothing: A Means for Organizational Survival

This study examined the influence of income smoothing on organizational survival of selected quoted companies in Nigeria. The research study embraced the ex-post facto study design with a substantial dependence on secondary data produced from the annual reports of companies through 2007-2018. The population of the research study included 168 companies quoted on the Nigerian Stock Market (NSE) where a sample of 20 companies were attracted utilizing the judgmental sampling strategy. The Eview 9.0 analytical software application was utilized to examine the data. The research study wraps up that there is a connection in between the dimensions of income smoothing and organizational survival. Based upon the findings, the research study advises that appropriate and ideal procedure must be established for sufficient examination, evaluation and scrutinization of financial declarations of quoted companies. Likewise, the Nigerian Accounting Standard Board (NASB) ought to be more equipped to prepare a well-structured framework of accounting regulation, approve, review and examine financial declarations of all companies quoted on the Nigeria Stock market to guarantee conformity with GAAP, IFRS, CAMA and various other financial coverage Act. The paper advocates for extra strict supervisory system with operational implementation tools to ensure compliance with International Financial Reporting Standard and Auditing standards with the purpose of reducing income smoothing practices. The introduction of punitive measures could also assist in curbing the act of income smoothing amongst Nigerian companies. Keywords: Income smoothing, Organizational survival, Nigerian Stock Market DOI: 10.7176/RJFA/12-14-04 Publication date:July 31st 202

POTENTIALS AND CHALLENGES OF COMMUNITY BANKS IN AGRIBUSINESS FINANCING FOR SMALL FARMERS IN JOS SOUTH LOCAL GOVERNMENT AREA OF PLATEAU STATE

Capital is regarded as a major factor for expanding production and modernizing Agriculture. The need to provide it to farmers is inevitable because it is an instrument in fostering Agricultural development and for improving efficiency in the production process. The contemporary practice of agriculture requires capital support, which is a handicap to small farmers. A research was conducted in Jos South L.G.A to assess the effectiveness of rural credit delivery system of community banks to provide resources to poor farmers. A set of 65 data collection instruments was administered to farmers and bank officials in a multi-stage random selection technique. Descriptive statistics was adopted to analyse socio-economic characteristics of the farmers while inferential statistics was adopted to test the hypotheses of the study. Findings revealed that majority of the farmers are yet to benefit from community banks (88%). The result of the hypotheses test indicates that information gap, inadequate and timely supply of inputs of production, time of loan disbursement, value of loan package are all statistically significant to sourcing of credit from the bank by farmers. It is recommended that farmer friendly banking policy be adopted to encourage farmers to patronize community banks.Agricultural Finance,

POTENTIALS AND CHALLENGES OF COMMUNITY BANKS IN AGRIBUSINESS FINANCING FOR SMALL FARMERS IN JOS SOUTH LOCAL GOVERNMENT AREA OF PLATEAU STATE

Capital is regarded as a major factor for expanding production and modernizing Agriculture. The need to provide it to farmers is inevitable because it is an instrument in fostering Agricultural development and for improving efficiency in the production process. The contemporary practice of agriculture requires capital support, which is a handicap to small farmers. A research was conducted in Jos South L.G.A to assess the effectiveness of rural credit delivery system of community banks to provide resources to poor farmers. A set of 65 data collection instruments was administered to farmers and bank officials in a multi-stage random selection technique. Descriptive statistics was adopted to analyse socio-economic characteristics of the farmers while inferential statistics was adopted to test the hypotheses of the study. Findings revealed that majority of the farmers are yet to benefit from community banks (88%). The result of the hypotheses test indicates that information gap, inadequate and timely supply of inputs of production, time of loan disbursement, value of loan package are all statistically significant to sourcing of credit from the bank by farmers. It is recommended that farmer friendly banking policy be adopted to encourage farmers to patronize community banks