EFFECT OF PRE AND POST IFRS REPORTING SYSTEM IN MODERN BANKING SECTOR IN NIGERIA

The research is to examine the effects of adopting the international financial reporting system (IFRS) on modern banking industries and monetary firms, particularly through a study of the South Eastern region of the country. The literature shows that there is a need to understand the effects of adopting the international financial reporting system (IFRS), in the study area. The study applied percentage analysis, descriptive statistics, chi-square analysis, and correlation analysis to study the data analysis in the system. The result shows that the response hypothesis disagrees with the null hypothesis and rejects the null hypothesis. However, the alternate hypothesis will be accepted, which states that there is a significant difference between the introduction of IFRS, which has increased the reliability and transparency of the financial statements of banks. The result concludes that there is a need to adopt IFRS in modern banking industries and banking sectors in the south eastern region. The findings of this study show that there is a need for the adoption of an international financial reporting system (IFRS) in the modern banking system to enhance accountability in the banking sector. The study recommends the adoption of IFRS for other accounting firms and organizations to improve accountability and accuracy.  Keywords: Accounting; Finance; Industry; IFRS; GAAP; Banking; Reporting System.

ACHIEVING ORGANIZATIONAL PERFORMANCE THROUGH TRANSFORMATIONAL LEADERSHIP APPROACH: A STUDY OF SELECTED PUBLIC SECTOR ORGANIZATIONS

The aim of this study was to investigate ways of achieving organizational performance through transformational leadership approach, a study of selected public sector organizations in Anambra State Nigeria. The survey research design was used for this study. The study population was three thousand four hundred and thirty six staff (3436) while the sample size was three hundred and forty five (345) arrived at using Krejcie and Morgan (1970) formula. Bowley’s Population Allocation Formula (1964) was used in arriving at the number of questionnaire allocated to each sampled organization because of the differences in the number of employees. Questionnaire was used for data collection. The reliability of the questionnaire was tested by using Cronbach's alpha to access the internal consistency of the items. The study employed expert judgment approach to access content validity. Pearson’s product moment correlation technique was adopted to analyze the data at 0.05 level of significance. The findings indicate that transformational leadership and organizational performance in the selected public sector organizations had a strong positive and significant correlation. Keywords: Transformational Leadership, Public Sector Organization, Organizational Performance, Social Exchange Theory

Management of Working Capital in Entrepreneurship: Empirical Evidence from the Agricultural/Agro-Allied Industry

The study used sample of 3 of the 4 agricultural/agro-allied firms from 2007 to 2018 to examine the relationship between working capital measures and financial performance. The correlation and regression analysis were used to examine the relationship between them. The result of the study shows that profitability of the firms operating in agricultural/agro-allied industry can be influenced positively but not significantly by extending the time the input materials (planted seedlings) stay on the production stage, the time granted to the customers for credit sales of goods and extending the time of paying the suppliers

Looking Beyond Oil through Technological Based Property Tax Law in Nigeria

Nigeria’s tax administration, including the current 2017 revised tax policy, has not taken the issue of enacting property tax law driven by technology seriously but used other unconstitutional means to collect property tax from her citizens’. However, this study seeks to unravel the nexus between enacting property tax law on technology-base and shifting the focus to non-oil sector for the expansion of the country’s source of revenue: Identify the illegal tax practice or collection and the level of taxpayers’ compliance in Nigeria. A sample of 630 respondents from selected agencies and institutions of the country was chosen. Analysis revealed that the propose property tax law driven by technology can expand the country’s major source of revenue away from oil, that a combination of corporate income, investment and Securities laws are illegally adopted, leading to low viability and taxpayer’s compliance. This study then suggests that Nigerian governmentshould properly enact property tax legislation base on technology, with the help of Nigerian National Assembly (NASS), to expand the revenue base of the country away from oil revenue