Budgeting as an Instrument for Planning and Control in a Manufacturing Industry

This paper attempts to determine and highlight the problems that militate against the application and utilisation of budgeting as a tool for planning and control in a manufacturing industry. Management is often confronted with the problem of how to deploy available scarce resources to achieve the objective of profit maximisation.  An empirical investigation was undertaken, using the chi-square test. 250 questionnaires were administered. Tables and simples percentages were used in data presentation. Three hypotheses were formulated. Based on  the findings, managers and  business operators should pay more attention to their budgetary control system, for those without an existing budgetary control system, they should put one in place, and those with a dummy and passive budgetary control system, it is  time  they  re-establish  a  result-oriented  budgetary  control  system  as  it  goes  a  long  way  in repositioning  the  manufacturing  industry  from  its  creeping  performance  level  to  an  improved  high capacity utilization point

Forensic Accounting and Fraud Detection in Public and Private Sectors in Abuja Metropolis, Nigeria

This study explores the impact of forensic accounting on fraud detection in public and private sectors in Abuja metropolis, Nigeria, from the accountants’ perspective. To execute this study, one research question was raised and one null hypothesis was tested. The study adopted descriptive survey design.  Findings of the study revealed that accounting officers in the private and public sectors strongly agreed that forensic accounting has an impact on fraud detection. The study further disclosed that accountants from the public sectors and private sectors do not differ significantly in their mean ratings on the impact of forensic accounting on fraud detection in Abuja metropolis.The study concluded that genuine compliance of forensic accounting principles by internal and external auditors will not only reduce corporate frauds but also improves the financial reporting quality of accountants in the public and private sectors of the business world. It was recommended among others that government should establish an independent forensic accounting agency with legal provisions that will enable them to detect, monitor and report fraudulent activities in the business environment in Nigeria.

COVID-19 PANDEMIC: NIGERIA’S ECONOMIC AND BUSINESS DISRUPTIONS

This study explores the financial, economic and business implications of Covid-19 on the Nigerian State. In December 2019 the world has come to know a new virus now termed coronavirus, which causes the disease named COVID-19. It affected mainland China mostly and has spread to all continents of the world except Antarctica. Studies thus far have shown that the virus origination is in connection to a seafood market in Wuhan, but specific animal associations have not been confirmed. Reported symptoms include fever, cough, fatigue, pneumonia, headache, diarrhea, hemoptysis, and dyspnea. Preventive measures such as wearing of masks, hand washing hygiene practices, avoidance of public contact, case detection, contact tracing, and quarantines have been discussed as ways to reduce transmission. Currently, there is no specific antiviral treatment or vaccine that has proven effective; hence, infected people primarily rely on symptomatic treatment and supportive care. The rapid outbreak of the COVID-19 presents an alarming health crisis that the world is grappling with. In addition to the human impact, there is also significant economic, business and commercial impact being felt globally. As viruses know no borders, the impacts will continue to spread. This research adopted descriptive survey design and has collated and painstakingly analyzed updated information on Covid-19 pandemic and the various response measures by stakeholders. In fact, from the findings, the economy and businesses in Nigeria have been impacted and are already seeing Covid-19 disruptions

CORPORATE GOVERNANCE CODES AND INTELLECTUAL CAPITAL DISCLOSURE (ICD) OF LISTED BANKS IN NIGERIA

Since the corporate global scandal of early 2000 underscore the need for firms all over the world to re-examine their Corporate Governance-COG codes and conducts. This increased scholarly debate spurred the need to examine the contribution of corporate governance codes to Intellectual Capital Disclosure-ICD. The content analysis approach was used to generate data used for the panel regression (random effect model).  The study adopted the panel regression (random effect model) confirmed that, Accountability (ACT), Leadership Effectiveness (LEF), Remuneration Packages (REP), and Shareholder’s Relationship (SHR) has a positive yet considerable (significant) effect on ICD. By implication, the higher the Accountability (ACI), Leadership Effectiveness (LEF), Remuneration Packages (REP), and Shareholder’s Relationship (SHR), the more Nigerian banks disclose intellectual capital. Hence, the paper concludes that, corporate governance-COG codes improve ICD of banks in Nigeria provided that, shareholders relationship is harmonious. In light of the researcher’s findings, the paper recommend that,  for regulators of the Nigerian banking industry to ensure that, the board of directors-BoDs of DMBs in Nigeria is accountable, they must ensure that, the board of directors-BoDs should make annual disclosures to shareholders that represent a fair, accurate and comprehensive assessment of the corporation's positions and corporate outlook. Lastly, regulators of the Nigerian banking industry should ensure that, efficient bank managers are rewarded dully while inefficient bank managers should be punished accordingly. This will serve as a deterrent to others. Keywords: Corporate Governance Codes, Intellectual Capital Disclosure (ICD), Listed Banks

ASSESSMENT OF ELECTRONIC CONSUMER BEHAVIOR AND SUSTAINABLE ORGANIC PRODUCTS MARKETING IN NIGERIA

Abstract  This research paper investigates electronic consumer behaviour in the context of sustainable organic product marketing in Nigeria. With the growing importance of sustainability in consumer choices, understanding the dynamics of electronic consumer behaviour becomes imperative for businesses, particularly in the context of marketing organic products. The study aims to bridge the gap in existing literature by examining the factors influencing electronic consumer behaviour and their implications for the marketing of sustainable organic products. The findings of this research contribute to the existing body of knowledge by shedding light on the intricate relationship between electronic consumer behaviour and sustainable organic product marketing. The implications of the study are not only relevant for businesses operating in Nigeria but also extend to a broader understanding of consumer behaviour in the digital age, with potential applicability to other emerging markets. As sustainability becomes a focal point in consumer preferences, this research provides valuable insights for marketers, policymakers, and businesses aiming to align their strategies with evolving consumer expectations. By understanding the nuances of electronic consumer behaviour, businesses can tailor their marketing efforts to effectively promote sustainable organic products, thereby fostering a more eco-friendly and conscious consumer culture in Nigeria and beyond

ASSESSMENT OF ELECTRONIC CONSUMER BEHAVIOR AND SUSTAINABLE ORGANIC PRODUCTS MARKETING IN NIGERIA

Abstract  This research paper investigates electronic consumer behaviour in the context of sustainable organic product marketing in Nigeria. With the growing importance of sustainability in consumer choices, understanding the dynamics of electronic consumer behaviour becomes imperative for businesses, particularly in the context of marketing organic products. The study aims to bridge the gap in existing literature by examining the factors influencing electronic consumer behaviour and their implications for the marketing of sustainable organic products. The findings of this research contribute to the existing body of knowledge by shedding light on the intricate relationship between electronic consumer behaviour and sustainable organic product marketing. The implications of the study are not only relevant for businesses operating in Nigeria but also extend to a broader understanding of consumer behaviour in the digital age, with potential applicability to other emerging markets. As sustainability becomes a focal point in consumer preferences, this research provides valuable insights for marketers, policymakers, and businesses aiming to align their strategies with evolving consumer expectations. By understanding the nuances of electronic consumer behaviour, businesses can tailor their marketing efforts to effectively promote sustainable organic products, thereby fostering a more eco-friendly and conscious consumer culture in Nigeria and beyond

VALUE RELEVANCE OF ENVIRONMENTAL SUSTAINABILITY REPORTING: EVIDENCE FROM LISTED CONSUMER GOODS FIRMS IN NIGERIA AND GHANA

With the continuous rise in global warming, preparers of accounting reports are seeking for more environmentally responsive firms. As such, for such firms to be more value relevant, they must be environmentally responsive. Succinctly, the paper examined the value relevance of environmental sustainability reporting of listed consumer goods firms in Nigeria and Ghana. The various environmental sustainability proxies considered are: Gas flaring emission, energy consumption, and environmental review while value relevance was measured by market value. The study adopted the longitudinal research design. The study sourced data from 13 consumer goods firms in Nigeria out of the 21 consumer goods firms recorded as at 31st of December, 2022 and 7 consumer goods firms in Ghana out of the 10 consumer goods firms recorded as at 31st of December, 2022. The data spanned from 2013 to 2021 as stated in the Global Reporting Initiative (GRI). The study thus reported that, GAS flaring emission (coef. =0.310598 & p-value=0.0000, & energy consumption (Coef=0.450582; & p-value=) 0.0209 both exerted positive significant effect on market value (MAV). However, environmental review (Coef.=0.011167; & p-value =0.7019)  is still not value relevant. Hence, the paper concludes that, GAS flaring emission and energy consumption are value additive. Consequently, adequate laws should be put in place to compel oil firms to invest more on disclosure of the volumes of gas emission into the ozone layer. Lastly, all commitments aimed at preserving the natural environment must be properly documented in the financial statement by way of environmental disclosure. Keywords: Value Relevance, Environmental Sustainability Performance, environmentally Responsive, Gas Flaring Emission