Antecedents of Business Level Strategies in Nigerian Agro-Based Firms

The purpose of this paper is to investigate the impact of antecedent factors on business level strategies of Nigerian agro-based firms. The study made use of survey method over one hundred and ninety-three respondents. Pearson’s correlation and regression analysis were used to analyze the data obtained. The existing relationship stemming from the results revealed that top management factor, organizational system, and departmental connectivity are important antecedent factors that determine the success or otherwise of strategic orientation dimensions. The study recommends that the calibre of the top management personnel and the internal cohesion between departments should be considered a critical variable in the adoption of particular orientation

IFRS Adoption and Foreign Direct Investment: Evidence from Nigerian Quoted Firms

This study examines whether International Financial Reporting Standards (IFRS) adoption has impacted significantly on Foreign Direct Investments (FDI) in Nigeria. The study specifically investigates the views of the preparers and users of annual reports based on the impact of foreign investors on quoted companies that adopted IFRS in Nigeria. The primary method of data collection was adopted with 165 questionnaires administered while Regression method was used for data analysis. The findings revealed that the adoption of IFRS is positively and significantly related to FDI. The result also showed a significant impact of foreign investors on quoted firms that have adopted IFRS in Nigeria. The study recommends that the government should create an enabling environment to encourage investors, so as to attract foreign direct investments for the enhancement of economy status of Nigeri

ICT Integration in Accounting Education: Evidence from Two Private Higher Institutions in Nigeria

This study examined the role of ICT integration in accounting education on the value adding capacity of accounting students in Nigeria. The study adopted the Survey research design involving the collection of data from accounting students in selected private universities in Nigeria. Copies of Questionnaire were administered to 147 respondents out of which 111 were gathered. Pearson Correlation and Linear Regression were employed in the analysis of the data collected with the use of Statistical Packages for Social Sciences (SPSS). The results revealed that integration of ICT (accounting software packages and IT knowledge and skills) into accounting education (curriculum) would help accounting graduates fulfill their responsibility of adding value to organizations. Consequently, it was recommended that the Nigeria Universities Commission (NUC) and relevant educational bodies should compulsorily integrate (in all higher institution) into accounting curriculum at all level a practical course on accounting packages and IT knowledge and skills

Impact of Ethics on the Conduct of Professional Accountants in Nigeria

High profile corporate collapses and fraud with which accountants are said to have been associated with has given rise to the questioning of the integrity of the professional accountants. This systemic failure has brought into focus issues of long standing debate with respect to how to curb this act and regain the confidence of the public in the professional accountants and the professional accountancy bodies at large. The study examined the impact of code of ethics on the conduct of professional accountants in Nigeria. Regression Analysis, Correlation Technique and Ttest were employed in analyzing the data collected. The results revealed that the fundamental principles of ethics have a significant impact on the positive conduct of professional accountants. It further revealed that there is no difference in the various opinions of stakeholders with respect to the impact of the code of ethics. It is therefore recommended that early stage teaching of ethics in all schools and continuous improvements taking into consideration changes in time, based on the current trend should be encouraged. There should also be a program in place to effectively monitor the adherence level of accountant

Bankers’ Perspectives on Integrated Reporting for Value Creation: Evidence from Nigeria

This study aims to examine the opinions of Zenith bank employees on the value, content and processes as well as the challenges of Integrated Reporting () in Nigeria with the hope of highlighting recommendations to encourage organizations to adopt it. Ninety eight employees responded to our survey. Generally, the respondents agree that () has value that could lead to better reporting of corporate activities. They also identified challenges that could mitigate the value of (). It was however noted that some of the challenges could be overcome with time, given that framework exist that is being test run by a number of organizations. The study recommends that there should be awareness campaigns to sensitize organizations on the value of . This paper contributes to the extant literature by offering insights of Zenith Bank employees on

ICT Integration in Accounting Education: Evidence from Two Private Higher Institutions in Nigeria

This study examined the role of ICT integration in accounting education on the value adding capacity of accounting students in Nigeria. The study adopted the Survey research design involving the collection of data from accounting students in selected private universities in Nigeria. Copies of Questionnaire were administered to 147 respondents out of which 111 were gathered. Pearson Correlation and Linear Regression were employed in the analysis of the data collected with the use of Statistical Packages for Social Sciences (SPSS). The results revealed that integration of ICT (accounting software packages and IT knowledge and skills) into accounting education (curriculum) would help accounting graduates fulfill their responsibility of adding value to organizations. Consequently, it was recommended that the Nigeria Universities Commission (NUC) and relevant educational bodies should compulsorily integrate (in all higher institution) into accounting curriculum at all level a practical course on accounting packages and IT knowledge and skills

ICT and accounting system of SMEs in Nigeria

This study examined the relationship between ICT and Accounting system of SMEs in Nigeria. The study adopted the survey research design, which involves the collection of data from the Accounting department of SMEs in Nigeria. Primary data was employed and copies of questionnaire were administered to respondents for the purpose of this study. Two hypotheses were formulated and tested using Pearson Product-Moment Correlation Coefficient at a significant level of 1%. Findings revealed a significant relationship between ICT knowledge (Microsoft tools) and accounting system of SMEs in Nigeria also, the study further reviewed significant relationship between ICT adoption (accounting packages) and Accounting system of SMEs in Nigeria. The study therefore recommended that Management of SMEs must periodically send employees on training in the use of ICT

INTERNAL AUDIT CHARACTERISTICS AND QUALITY OF ACCOUNTING INFORMATION IN NIGERIA

The basic goal of Accounting is to provide enabling accounting information for reliable decision-making. The quality level of this accounting information comes from the company's governance practices, thereby emphasizing the importance of corporate governance in companies. Recently, following the financial crises resulting in accounting scandals, attention has been moving towards Internal Audit Function as an important factor in the structure of Corporate Governance. This paper therefore examined the extent of the relationship between internal audit function and the quality of accounting information of companies. The study adopted the Survey research design. The research instrument employed was Questionnaire which was administered to internal auditors of the “Big Four”. Linear regression analysis was employed in the analysis of the data collected with the use of Statistical Packages for Social Sciences (SPSS). The results revealed that there is a significant relationship between the internal audit characteristics and the quality of accounting information. It was recommended that in order to provide credibility to the financial statement, there should be a law in place mandating attachment of internal auditors report to the financial statemen

E-GOVERNANCE AND PUBLIC SECTOR FINANCIAL DISCLOSURES: ANALYSIS OF GOVERNMENT AGENCIES IN NIGERIA

One of the core responsibilities of any government to its citizens is financial accountability and transparency. This is to re-assure the stakeholders that the government is people oriented and enables the stakeholders to hold the government in power accountable to its electoral promises. In Nigeria therefore, financial dealings of the government and its parastatals has been shrouded in secrecy. Unlike in the private sector, where financial disclosures are made known to owners of the business (Shareholders) at the Annual General Meetings (AGM), the public sector in Nigeria has not emulated this. Therefore, e-governance platform is imperative for government to reach a wider audience in term of impact and delivery. The question therefore is that, is Nigerian government both at the federal, state and local government engaging this platform to disclose their financial transactions? And rarely when they do, are they making full disclosures of the financial activities? A government that discloses its financial activities would enable stakeholders analyzes its performance and asks questions on the financial prudency of the state and this would prevent corruption and theft of peoples’ collective/common wealth. This study analyzed the contents of various government parastatals website to determine whether these agencies make financial disclosure and the extent to which those disclosures are made. In addition, the study also considered whether stakeholders are allowed to contribute or suggest alternative(s) in form of feedback to the government. It is therefore recommended that the audited financial report/statement which is a stewardship report showing how the common wealth allocated has been utilized. As such, the Financial Reporting Council and other government regulatory bodies should endeavor to mandate Ministries to place on their various websites a copy of the audited account of the Ministries and perhaps a copy of such report sent to appropriate quarters to ensure complianc

FAIR VALUE MEASUREMENT (IFRS 13) AND INVESTING DECISION: THE STANDPOINT OF ACCOUNTING ACADEMICS AND AUDITORS IN LAGOS AND OGUN STATE, NIGERIA

This study examined the view of stakeholders as to whether or not Fair Value Measurement (IFRS 13) increased disclosure will lead to more meaningful investment decisions. The study adopted the Survey research design involving the collection of data from auditors of the “Big 4” and accounting academics in selected private universities in Nigeria. Primary data were obtained through the administration of copies of survey questionnaire to respondents. Two hypotheses were formulated and tested using Peason Product Moment Correlation and Independent Sample T-test at a significant level of 5%. Findings from the study revealed an association between IFRS 13 increased disclosure requirement and investment decisions. The result also revealed differences in the standpoint of accounting academics and auditors regarding the impact IFRS 13 increased disclosure have on investing decisions. The study recommended that the Financial Reporting Council of Nigeria should ensure that all companies in Nigeria fully adopt IFRS 13 in the preparation and presentation of their financial statements