278 research outputs found

    Religious core values and ethical sensitivity: an empirical investigation of university undergraduates in Nigeria

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    This paper examines the role the teaching of a set of religious core values to university undergraduate students could play in shaping their ethical sensitivity. Using a sample of accounting and business students of a religious based university and a survey instrument that contains four scenarios, the results show that there is no significant difference between accounting and business students concerning acceptability of questionable accounting and business practices. We also find no significant difference between male and female students in their ethical sensitivity. Furthermore, we find accounting students not more ethically sensitive than business students regardless of their courses in codes of professional conduct. These results suggest that the core values have positive effect in shaping the ethical sensitivity of the students in the same direction irrespective of course of study and sex. We conclude that the teaching of religious core values can improve the ethical sensitivity of students. However, we could not draw any policy implications due to a number of limitations of the study which include small sample size. We therefore recommend further studies that would consider those limitations

    Linking Accounting/Auditing Environment and the Remittances of Africans in Diaspora

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    This paper investigates empirically the link between the inflow of Diasporas remittances and the environment of accounting/auditing in 10 African countries. The result using Spearman’s rank correlation indicates the existence of a positive relationship (correlation coefficient rs is 0.36), but the strength of the relationship is weak (significant level of 0.05). The quality of accounting and auditing as represented by their environment is a stimulus that could enhance the inflow of Diasporas remittances. The study therefore recommends that African countries should strategically and proactively refocus attention on developing accounting/auditing environment in order to attract reasonable volume of remittances

    Adopting International Financial Reporting Standards (IFRS) in Africa: benefits, prospects and challenges

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    This paper presents the findings of an empirical study on the benefits, prospects and challenges of adoption of International Financial Reporting Standards (IFRS) in some African countries. A questionnaire was administered to gather data from respondents made up of users and preparers of accounting information using the Twitter social network. The objective was to find out the perception of users and preparers about what the benefits, prospects and challenges of IFRS adoption are in African countries. The results of the study indicate that IFRS adoption in Africa will have the potential to be beneficial to a wide range of stakeholders. The benefits notwithstanding, there are however, a number of challenges to be faced in the process of adoption of the new standard including the ethical environment in Africa. The study recommends among others that a rigorous IFRS capacity building programme should be embarked upon by all regulatory bodies, firms and training institutions in order to provide the needed manpower for IFRS implementation, monitoring and compliance

    Accounting infrastructure and accountability in the management of public expenditure in developing countries: A focus on Nigeria

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    Accountability in the control and management of public funds is one of the most sensitive aspects of the activities of government in all democracies. Hence, the 1999 Constitution of the Federal Republic of Nigeria contains provisions relating to legislative powers and control over public funds. However, the required level of accountability in public expenditure has not been achieved in Nigeria. The situation has remained worrisome even though the country does not lack in the appropriate laws and regulation required to bring sanity into the system. Though there have been some bold steps and initiatives in the recent past by the government by strengthening existing institutions and creating new ones with responsibility for fraud and other controls, the issue of weak accounting infrastructure has not been addressed. The paper argues that accountability in public expenditure can more easily be realized within the context of a sound accounting infrastructure and a robust accounting profession and not in the multiplicity of laws and anti-corruption agencies; all of which are reactive in nature. Therefore, the paper reports on the current state of accounting infrastructure in Nigeria, and conclude with an assessment of the existing agencies and current reform initiatives in ensuring accountability in public expenditure in Nigeria

    Geophysical Contribution of Using 3D View in Landfill Site

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    Geophysical techniques are very useful tools in the characterization of the subsurface to determine the degree of conductivity and predict the nature of earth materials present within the survey area. Three 2D electrical resistivity profiles were established for the purpose of this research. The field survey was carried out using Dipole-dipole array with a spread of 164 m at the only State government approved landfill site in Ikpoba Okhia local government area, Benin City, Edo State. The 3D image maps were at three different depth slices of (5 m, 18 m and 38 m) in order to determine the rate of spread and migration of leachate as we probed deeper into the subsurface. The apparent resistivity values helped in identifying the nature, lateral spread and depth of the conductive sources in the study area. The resistivity data were imported into Voxler software to achieve the objective of the study. The image results from the electrical resistivity tomography (ERT) method revealed highly conductive zones with conductivity of less than 226 ℩m and above to the depth of 38 m. The images show subsurface resistivity distribution at the Eastern part of the study area trending Eastward with prominence at the center and distributed North - East which has been interpreted as loosed or migration zones of leachate. The depth estimate revealed lateral spread of leachate from the surface to maximum depth (38 m) probed which agrees with the borehole lithology of probable materials present within the study area. The study has revealed that the area is generally highly conductive due to the presences of toxic elements while the loosed zones are prospective locations for infiltration of contaminant plums (leachate) from the 3D model view

    External debt and economic growth in Sub-Saharan African countries: an econometric study

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    Searching for a Pathway to Priming Accountants for Ethical Compliance with International Financial Reporting Standards: The Core Value Paradigm

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    The accounting profession has over the years prescribed solutions (via code of professional ethics) to often complex ethical problems. This has left the profession in a state of continued crises of confidence as evidenced by the celebrated fraud cases across jurisdictions. The problem is likely to be more pronounced following the introduction of the principles-based International Financial Reporting Standards (IFRS). To be effective, ethical reform initiatives should directly address the inner life and character of accountants through education of the right type. The objective of this paper, therefore, is to bring into focus the relevance of Covenant University Core Values in priming accountants for ethical compliance with International Financial Reporting Standards. According to the empirical results of the study(based a cross-sectional sample of stakeholders from the Lagos area of Nigeria) the CU core values paradigm is relevant and effective in priming ethical behaviour. The paradigm offers the right approach as the acquisition of understanding of ethical issues turns away from a focus on the external world of rules to the more holistic approach of internalizing a set of values which ensures that accountants maintain consistent ethical behaviour. Thus, the paper recommends the Covenant University Core Value dimension to learning and teaching as a pedagogical starting point in building ethical behaviour in accountants for compliance with IFRS. However, there are a number of limitations of the study which include small sample size. Further studies that would consider the limitations are recommended

    H2 Production in Palladium and Palladium-Copper Membrane Reactors at 1173K in the Presence of H2S

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    The efficacy of producing high-purity H2 from coal-derived syngas via the high-temperature water-gas shift reaction (WGSR) in catalyst-free Pd and 80wt%Pd-Cu membrane reactors (MRs) was evaluated in the absence and presence of H2S. The impetus for this study stems from the fact that successfully integrating water-gas shift MRs to the coal gasifier process has the potential of increasing the efficiency of the coal-to-H2 process, thereby significantly reducing the cost of H2 production from coal. To this end, the effect of the WGSR environment on 80wt%Pd-Cu MRs was studied over a wide range of temperatures. Results indicate minimal impact of the WGSR environment on the 80wt%Pd-Cu membrane at 1173K. Subsequently, using pure reactant gases (CO and steam), the rapid rate of H2 extraction from the reaction zone, coupled with the moderate catalytic activity of the Pd-based walls was shown to enhance the CO conversion beyond the equilibrium value of 54% at 1173K, in the absence of additional heterogeneous catalysts in both Pd and 80wt%Pd-Cu MRs. The effect of H2S contamination in the coal-derived syngas on Pd and 80wt%Pd-Cu membranes at 1173K was also studied. Results indicate that the sulfidization of Pd-based membranes is strongly dependent on the H2S-to-H2 ratio and not merely the inlet H2S concentration. The Pd and 80wt%Pd-Cu MRs were shown to maintain their structural integrity at 1173K in the presence of H2S-to-H2 ratios below 0.0011 (~1,000 ppm H2S-in-H2).A COMSOL Multiphysics model developed to analyze and predict performance of the water-gas shift MRs in the presence of H2S indicated that the MRs could be operated with low H2S concentrations. Finally, the feasibility of high-purity H2 generation from coal-derived syngas was investigated using simulated syngas feed containing 53%CO, 35%H2 and 12%CO2. The effect of H2S contamination on MR performance was investigated by introducing varying concentrations of H2S to the syngas mixture. When the H2S-to-H2 ratio in the MR was maintained below 0.0011 (~1,000 ppm H2S-in-H2), the MR was observed to maintain its structural integrity and H2 selectivity, however, a precipitous reduction in CO conversion was observed. Increasing H2S concentrations such that the H2S-in-H2 ratio increased above about 0.0014 resulted in MR failure within minutes

    The Role of Accountants as Professionals in National Development

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    There is a nexus between Accounting and economic well-being. The nexus flows frorr. the role, which Accounting information traditionally plays, on the one hand in securing accountability, and on the other, in improving and facilitating optimal decision making in any situation where choice amongst alternatives is involved. It means therefore that the accounting function is inseparable from the task of managing the National economy The Accountants as professionals and as practical Economists have vital roles to play in shaping the tune of National development. But the nature of the roles the Accountants can play has always been a closed book. This is one of the reasons why the services of professional Accountants have not been employed on a large scale in the task of National Development. This paper has therefore discussed the nature of the roles of professional Accountants in national development and the gains that could accrue from performing such roles

    COMPANY ATTRIBUTES AND THE TIMELINESS OF FINANCIAL REPORTING IN NIGERIA

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    Abstract This study examines the impact of company attributes on the timeliness of financial reports in Nigeria based on a sample of 61 companies’ annual reports for the years 1999-2008. The data were analyzed and results estimated using Ordinary Least Square (OLS) Regression which was complimented with the panel data estimation technique. The findings reveal that the age of company is the major company attribute that influences the overall quality of timeliness of financial reports in Nigeria. It was also observed that there is a significant difference in the timeliness of financial reporting among industrial sectors in Nigeria. The banking sector is found to be more timely in financial reporting. Though the results suggest that regulations are not enough to ensure that the quality of financial reports are timely in Nigeria, reporting lag may however be reduced by the existence and strict enforcement of rules and regulations of regulatory bodies. Key words: Audit Firm, Age, Companies Attributes, Company Size, Financial Reports, Financial Year, Information, legal Requirements, Nigeria, Nigeria Accounting Standards Boards Act, Profitability, Timeliness, Stakeholders
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