The Effect of IFRS Adoption on the Financial Reporting of Listed Companies in Nigeria

Reference code: C082

ABSTRACT

This research study borders on accessing the relationship between IFRS and financial reporting of companies. The research started by examining the historical background of IFRS and financial reporting as well as discussing other authors’ view on various topics related to the issue. Data were collected from both primary and secondary sources. The relevant data collected were analyzed and tested using simple percentages, tables and charts. Subsequently, the two hypotheses were tested using Regression Analysis and Pearson’s Correlation Coefficients through the use of Statistical Packages for Social Science. The result of the analysis revealed that there is a significant relationship between IFRS and financial reporting of companies in Nigeria and that IFRS adoption has increased the level of confidence of global investors and investment analysts in the financial statements of companies in Nigeria. The findings from the research work also revealed that IFRS serves as effective tool for enhancing comparability and interpretation of financial statements of the companies. The study concluded that despite the challenges associated with adopting IFRS such as its complexity of conversion, lack of sound ethical environment and IFRS trained Accountants; IFRS is still a great catalyst for enhancing and boosting financial reporting of companies. Finally, the study recommends that for a successful adoption of IFRS in Nigeria, the government and the relevant authorities should improve upon the training of professionals, provide more funds for conversion and enable a sound ethical environment and corporate transparency.  

BACKGROUND TO THE STUDY

............ Financial reporting is an important aspect in every business enterprise and company. It involves a process of formally recording the company’s financial activities with the use of financial reports or statements, which includes all the relevant financial information. These statements apart from providing information about the financial position also provide information as to the level of income, financial position, changes in equity and cash flows of these enterprises that is useful to a wide range of users in making economic decisions.

For the preparation and usage of these financial statements, some accounting standards have been put in place and are often reviewed by the appropriate standard-setting body locally and internationally (Robert O., 2009). The Nigerian Accounting Standards Board (NASB), now Financial Reporting Council of Nigeria (FRCN), issues these standards in Nigeria. The standards issued by the NASB are known as Statements of Accounting Standards (SAS) while the International Accounting Standards Board (IASB) – formerly International Accounting Standards Committee (IASC), issues them at the international level. The standards issued by the IASB are referred to as International Financial Accounting Standards (IFRS).

In 1973, the International Accounting Standards Committee (IASC) was established as an independent, private sector body to set acceptable and applicable standards for the preparers and users of financial statements around the world. During the period from 1997-1999, a restructuring program was implemented which resulted in the cessation and its replacement by a new IASC with effect from 1st April 2001 with two main organs- The Trustees and IASB (Robert, 2009). 

The increasing growth in international trade and investment in which most of these companies are unavoidably in has brought to the fore the craze for adoption of International Financial Reporting Standards (IFRS) by both the developed and developing countries. A number of African countries including Nigeria, Ghana, Sierra Leone, South Africa, Kenya, Zimbabwe, and Tunisia among others have adopted or declared intentions to adopt the standard. This is a welcome development considering the fact that the quality of financial reporting is essential to the needs of users who require useful accounting information for investment and other decision-making purposes (Owolabi & Iyoha, 2011)

Information emanating from financial reporting is regarded as useful when it faithfully represents the ‘economic substance’ of an organisation in terms of relevance, reliability and comparability (Spiceland et al., 2001). 

In an environment of quality financial reporting therefore, there are no deferral of loss recognition, extra reserves are not created and volatility in income is not smoothed away to create an artificial and misleading picture of steady and consistent growth. It is in recognition of the need to have quality financial reports that the adoption of IFRS is becoming the vogue among countries. The process of adoption received a significant boost when in 2002 the European Union (EU) adopted a regulation requiring public companies to convert to IFRSs beginning in 2005.

Most companies have significant international operations, multiple regulatory and capital market considerations, complex organizational structures (often including multiple subsidiaries and joint venture relationships), and global competitors who already are reporting under IFRS. Also, some of these companies are listed on other stock exchange markets outside Nigeria which requires reporting under IFRS. The companies in these circumstances have discovered compelling reasons to adopt IFRS even before it was mandated, more so when one considers the huge impact made by the income from foreign activities in Nigeria’s GDP and foreign exchange earnings. 

Therefore, since the importance of the International financial reporting standards cannot be over-emphasized, this prompted the researcher’s interest to assess the perceived relationship between these standards and overall financial reporting of companies .........

FOR ACCESS TO THE FULL PROJECT WORK, USE THE ORDER NOW! BUTTON BELOW

TABLE OF CONTENT

CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND TO THE STUDY 1
1.2 STATEMENT OF THE PROBLEM 4
1.3 OBJECTIVES OF THE STUDY 7
1.4 RESEARCH QUESTIONS 8
1.5 RESEARCH HYPOTHESES 9
1.6    SIGNIFICANCE OF THE STUDY 9
1.7 SCOPE AND LIMITATION OF THE STUDY 10

CHAPTER TWO
LITERATURE REVIEW
2.0 INTRODUCTION 12
2.1.1 CONCEPT OF FINANCIAL REPORTING 14
2.1.2 PURPOSE OF FINANCIAL REPORTS BY BUSINESS ENTITIES 16
2.1.3 RATIONALE FOR ADOPTING IFRS 17
2.1.4 BENEFITS OF IFRS ADOPTION 22
2.1.5 IFRS AND ACCOUNTING QUALITY 24
2.1.6 CHALLENGES OF IFRS ADOPTION 27
2.1.7 FINANCIAL STATEMENT REPORTING REQUIREMENTS OF IFRS 32
2.1.8 THE FIVE STAGES INVOLVED IN IFRS ADOPTION 34
2.1.9 INSTITUTIONAL AND INFRASTRUCTURAL/LEGAL
REQUIREMENTS FOR FINANCIAL REPORTING IN NIGERIA 37
2.1.9.1 ACCOUNTANCY BODIES (ICAN AND ANAN) 38
2.1.9.2 CENTRAL BANK OF NIGERIA (CBN) 39
2.1.9.3 SECURITIES AND EXCHANGE COMMISSION 40
2.1.9.4 NIGERIAN ACCOUNTING STANDARDS BOARD 41
2.1.9.5 NATIONAL INSURANCE COMMISSION (NAICOM) 41
2.2 REVIEW OF EMPIRICAL LITERATURE 42

CHAPTER THREE
RESEARCH METHODOLOGY
3.0 INTRODUCTION 48
3.1 RESEARCH DESIGN 48
3.2 POPULATION DESCRIPTION 49
3.3 SAMPLE AND SAMPLING TECHNIQUE 50
3.4 SOURCES OF DATA 50
3.5 METHOD AND INSTRUMENT OF DATA COLLECTION 51
3.6 METHOD OF DATA ANALYSIS 53
3.6.1 REGRESSION ANALYSIS 53
3.6.2 PEARSON PRODUCT- MOMENT CORRELATION CO-EFFICIENT 54
3.7 VALIDITY AND RELIABILITY OF THE RESEARCH INSTRUMENT 55

CHAPTER FOUR
DATA PRESENTATION, ANALYSIS AND INTERPRETATION
4.0 INTRODUCTION 56
4.1 PRESENTATION, ANALYSIS AND INTERPRETATION 56
4.1.1 DISTRIBUTION AND RETURN OF QUESTIONNAIRES 57
4.1.2 RESPONSES TO QUESTIONS IN SECTION A: 59
4.1.4 ANALYSIS USING SECONDARY SOURCES OF DATA 75
4.2 DATA ANALYSIS AND HYPOTHESIS TESTING 78
4.3 DISCUSSION OF FINDINGS 81

CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.0 INTRODUCTION 83
5.1 SUMMARY 83
5.2 CONCLUSION 85
5.3 RECOMMENDATIONS 86
BIBLIOGRAPHY 88
APPENDIX 93


Reference code: C082

Reference code: C082

Does this Research Project Meet Your Requirements?

Click Here to Order

See More Project Topics

Influence of Family Background on the Academic Performance of Senior Secondary School Students in Rivers State

Reference code: C081

ABSTRACT

This research project investigated the influence of family background on the academic performance of senior secondary school students in Obio-Akpor Local Government Area of Rivers State. In order to achieve the aims and objectives of the study, three (3) research questions were proposed and data collected through the issue of eighty (80) structured questionnaire to students in four (4) secondary schools in Obio-Akpor LGA. The collected data was tested for reliability of instrument using Cronbach’s Alpha while mean scores and grand mean was used in testing the research questions. The findings of the research among other things showed that family size, parents’ income and educational background significantly influence the academic performance students. Based on the findings, it was concluded that family background to a large extent influence the academic performance of students. On the bases of the findings and conclusions, it was recommended that parents should plan to have fewer children in the family. This will ensure that they have more income at their disposal to take care of the academic needs of the children. Fewer children will also ensure that there is less competition and hence less friction and ultimately lead to a conducive learning environment for the children. We also recommend that parents should get better educated. This may include adult education classes. This will help in making parents more appreciative of the importance of education as well as the academic needs of their children. Finally, we recommend that structures that will help to boost the income of parents be put in place by the government. Such structures will include new and better jobs to ensure that parents are able to cater for the academic needs of their children.

BACKGROUND TO THE STUDY

........ highly educated parents are more likely than their less educated counterparts to read to their children. Educated parents enhance their children development and human capital by drilling on their own advanced languages skill in communicating with their children. 

They are more likely to pose questions instead of direction and employ a broader and more complex vocabulary, estimates suggest that by age 3 children whose parents are not educated hear less than a third of the ward encountered by their higher income peers. This result to more extensive vocabularies before they even start school. Highly educated parents can also use their social capital to promote their children’s development. A cohesive social network of well educated parentssocializes children to expect that they too will attain high levels of academic success. It can also transmit cultural capital by teaching children the specific behavioral patterns of speech and cultural references that are valued by the educational and professional elite. In most studies, parental education has been identified as the single strongest correlate for children’s success in school, the number of years they attend school and their success later in life. (Anna. J. Egalite,  2016)

2. Family Income: family income simply means the income of the family. The amount of money both parents and either of them makes in a day, week, month or annually. It may have a direct impact on the child's academic performance.

a. It could simply be a function of the school the child attends:parents with greater financial resources can identify communities with high quality schools and choose more expensive neighborhood the very places where good schools are likely to be. More affluent parents can also use their resources to ensure that their children have access to full range of extracurricular activities at school and in their community. But it is not hard to imagine direct affects of income on student achievement. 

Parents who are struggling economically simply don’t have time or where withal to check the home work of their children,drive children to summer camp, organize museum trips or help their kids for college. Working multiple jobs or inconvenient shifts makes it hard to dedicate time for family dinners, enforce lessons or sports club even small differences in access to the activities and experiences that are known to promote brain development are not experienced by this children this can accumulate in a stable gap between two groups of children defined by family circumstances 

b. Inadequate basic amenities like food, shelter, and clothing.

i. Food may be in very short supply causing the child to suffer hunger, becomedizzy with sleep making it difficult to concentrate when lessons are taught and when the child reads.

ii. Improperclothing or inability to change clothing wears can make the child feel inferior and have low self esteem in the midst of one’s peers.

iii. Inconsistent attendance to school due to delay in payment of school fees can cause the child to miss classes, assignment or test which in one way or the other affect his performance negatively in school. 

3. Parent’s Criminal Activity: criminal activity or incarceration of one’s parents removes a wage earner from the home, lowering house hold income. One estimate suggest that 2-3% of incarcerated fathers had been the sole provider and the primary source of family income before their imprisonment. As a result children with a parent in prison are at a greater risk of homelessness which in turn can have grave consequences on the child as the child will suffer from insecurity. The emotional strain on parent’sincarceration can also take its toll on the child’s achievement in school. Correlation research finds that the odds of finishing secondary school are 50% lower for children with an incarcerated parent. Parents who are in prison may have less education, lower in income or more limited access to quality school and other attributes that adversely affect their children successes in school.

4. Family Structure/Size: Family structure have become more diverse in recent years and living arrangement have grown increasing complex. In particular, the two parent family is vanishing in the America’s society.

Family structure can be inform of single parenting, married couples and guardian. Statistics show that children ages 12-17 years who live with just one parent or guardian are at a higher risk of school suspension than their peers who live with two parents. Similarly 6 toll years old who live with one parent or guardian are more likely to repeat a grade than children of the same age in two –parent families .......

FOR ACCESS TO THE FULL PROJECT WORK, USE THE ORDER NOW! BUTTON BELOW

TABLE OF CONTENT
CHAPTER ONE: BACKGROUND OF THE STUDY
1.1 Introduction 1
1.2 Statement Of Problems 7
1.3 Aim And Objective Of The Study 7
1.4 Research Questions 8
1.5 Significance Of The Study 8
1.6 Scope Of The Study 9
1.7 Definition Of Some Terms    10

CHAPTER TWO: LITERATURE REVIEW
2.1 Conceptual Review 11
2.11 Concept of Family 11
21.2 Concept of Family in Africa 17
2.1.3 Concept of Academic Performance 19
2.2 Theoretical Review 21
2.2.1 Good Parents Theory 24
2.2.2 Socialization Theory 25
2.3 Empirical Studies 26
2.3.1 Influence of Parental Education on Academic Performance 27
2.3.2 Influence of Family Income on Academic Performance 29
23.3 Influence of Family Size on Academic Performance 31
2.4 Summary of Literature Reviewed 33
CHAPTER THREE: RESEARCH METHODOLOGY
3.2 Research Design 38
3.2 Population of the Study 39
3.3 Sample and Sampling Technique 39
3.4 Instrument of Data Collection 40
3.5 Validity of the Instrument 41
3.6 Reliability of Instrument 41
3.7 Method of Data Collection 42
3.8 Method of Data Analysis 42

CHAPTER FOUR
PRESENTATION AND ANALYSIS OF DATA
4.1 INTRODUCTION 44
4.2 ANALYSIS OF RESEARCH QUESTIONS 44
4.3 DISCUSSION OF FINDINGS 50

CHAPTER FIVE
SUMMARY OF FINDINGS, CONCLUSIONS AND RECOMMENDATIONS
5.1 SUMMARY OF FINDINGS 54
5.2 CONCLUSIONS 55
5.3 RECOMMENDATIONS 56
REFERENCES 57
APPENDICES 58


Reference code: C081

Reference code: C081


Does this Research Project Meet Your Requirements?

Click Here to Order

See More Project Topics

The Effect of Religious Tourism Development on Church Growth in Port Harcourt Nigeria

Reference code: C080

ABSTRACT

This research project investigated the relationship between religious tourism development and church growth in Port Harcourt. In order to achieve the objectives of the study, six hypotheses were proposed and data collected through the issue of 333 questionnaires to christain adherents in the city. The collected data was analyzed using Spearman Rank correlation. Th findings of the research showed that: there is a positive and significant relationship between religious tourism activities such as pilgrimages, crusades and retreats as forms of religious tourism and church growth. The findings also shows that there is a positive and significant relationship between religious tourism activities such as pilgrimages, crusades and retreats as forms of religious tourism and spiritual growth of churches. Based on the findings, we conclude that: Pilgrimages, Crusades and retreats as forms of religious tourism are a major factor in the growth of Churches. We further conclude that religious activities such as Pilgrimages, Crusades and Retreats are very important in the spiritual growth of churches. based on the findings and conclusions, we make the following recommendations: Churches are advised to hold more religious activities such as Pilgrimages, Crusades and Retreats in order to continue growing the numerical strength of churches. It is also recommended that churches can enhance spiritual growth by actively engaging in religious activities such as pilgrimages, retreats and crusades. Finally, it is recommended that the state authorities enhance the security and environmental cleanliness of Port Harcourt in order to continue encouraging religious tourism into the state as this will help to grow the economy of the state.

BACKGROUND TO THE STUDY

........... Natural church growth means taking leave of superficial pragmatism, simplified cause-effect thing, focusing on quantity, manipulative marketing methods and questionable “can do attitude” (Jan, 2015). 

Furthermore the growth of churches has been a popular and holy debated topic among social scientist studying religion (Robin, Paul, & Donald, 1997). The role that religion plays to societal development cannot be ignored. The social impact of this growth is seen in the increase of the number of churches all over the country which establish nursery, primary and secondary schools even up to the high institution of learning; as well as providing job opportunities for many people. Recently, the activities of these churches have to a large extent led to a very surprising increase in membership strength and this is aided by the spread of church branches across the country. The church has a complex role as provider of spiritual experience and guidance, but also as curator and custodian of a unique heritage for a wider community than its congregation. 

This is a problem faced by many churches around the world. Where these buildings locations and artfacts become the focus of an increased tourism industry too, the problems come sharply into focus. It is surprising that so little has been done to consider the visiting of rural church in the wider context of tourism, (Ian 2007: 71). Perhaps the church, too, has been reluctant to accept the mantle of tourism provision. Churches in Cornwall are very much a part of the regional heritage and tourism experience (Busby 2003).  Nigeria is seen as one of the most religious nations in the world, different scholars have evaluated the subject of religious tourism development.

Religious tourism is that type of tourism whose participants are motivated either in part or exclusively for religious reasons (Gisbert, 1992).  Most of the researches show that economic impact of religious tourism is considered as the positive factor while social-cultural and environmental impact of tourism are imagined as negative or at least neutral (Tosun, 2002). Despite having positive impact on tourism some other negative influence has been recognized and appear in different forms such as overcrowding, traffic jams lack of packing space or open space or even in term of crime increase and etc (Anderesk, 2005).  Religious tourism helps to promote peace and unity among host communities, states and nations. It brings about improvement in the quality of life for both urban and rural dwellers, through the provision of leisure facilities, healthy relationships and interactions with others (Emeka, 2015:8). 

According to Ermias (2014) identified the three major religions in the world to include Christianity, Islam and Hinduism. He further categorized them into segments: Christianity 33%, Islam 21% and Hinduism 14% respectively. Wotogbe (2012) also identified some religious groups which are Judaism, Christianity, Islam, African Indigenous Religious, Buddhism, Hinduism, Jainism, Zoroastrainism and myriads of new Religious Movement in Africa. Religion can be said to be the second oldest institution that governs the social as well as personal behaviours of human beings by providing guidelines, laws and principles relating to interaction with fellow humans and the supernatural (Molley, 2002;6). Religious tourism will not only be brought into the limelight, but will also help in securing a prominent position for Nigeria in the world tourism map. Religious tourism if harnessed has the capacity and potential to boost the state revenue through the visit of both local and international individuals (tourist) from all over the world. 

Religion or spiritual tourism definitely has growth potential since people are now seeking solitude and deeper meaning for life and it is also a basic motivation for human travel from generating region to a destination region such as churches, mosques, shrine and holy places either exclusively or partially for religious purposes. Adamolekun, (1999) in his book observed that the establishment of Christian Association of Nigeria (CAN) has led to  .............

FOR ACCESS TO THE FULL PROJECT WORK, USE THE ORDER NOW! BUTTON BELOW

TABLE OF CONTENTS

CHAPTER ONE: INTRODUCTION
1.4 BACKGROUND OF THE STUDY
1.5 STATEMENT OF THE PROBLEM
1.6 PURPOSE OF THE STUDY
1.4 CONCEPTUAL FRAMEWORK
1.7 RESEARCH QUESTIONS
1.8 RESEARCH HYPOTHESES
1.7 SIGNIFICANCE OF THE STUDY
1.8 SCOPE OF THE STUDY
1.9 LIMITATIONS OF THE STUDY
1.10 DEFINITION OF TERMS
1.12 ORGANIZATION OF THE STUDY
REFERENCES

CHAPTER TWO: LITERATURE REVIEW
2.0 Introduction
Theories of Church Growth
2.1 Concept of Religious Tourism Development Activities
2.1.1 Definition of Religious Tourism Development
2.1.2 Types of Religion
2.2.1 Economic Impact of Religious Tourism Development
2.2.2 Environmental Impact of Religious Tourism Development
2.2.3 Socio-Cultural Impact of Religious Tourism Development
2.3 The Concept of Church Growth
2.3.1 Definition of Church Growth
2.3.2 The Role of the Church in the Society
2.3.3 Causes of Church Growth
2.4. Measures of Church Growth
2.4.1 Numerical Growth
2.4.2 Spiritual Growth
2.5 The Relationship between Religious Tourism and Church Growth
2.5.1 OPERATIONAL FRAMEWORK OF THE STUDY

CHAPTER THREE: RESEARCH METHODOLOGY
3.0 INTRODUCTION
3.1 RESEARCH DESIGN
3.2 POPULATION OF THE STUDY
3.3 SAMPLING PROCEDURE AND SAMPLE SIZE DETERMINATION
3.4 DATA COLLECTION METHOD
3.5 VALIDITY OF THE INSTRUMENT
3.6 RELIABILITY OF THE INSTRUMENT
3.7 DATA ANALYSIS TECHNIQUES

CHAPTER FOUR
DATA PRESENTATION, ANALYSES AND DISCUSSION OF FINDINGS
4.1 DATA PRESENTATION
4.2 ANALYSES OF RESEARCH QUESTIONS
4.3 DATA ANALYSES
HYPOTHESES TESTING

CHAPTER FIVE
SUMMARY OF FINDINGS, CONCLUSIONS AND RECOMMENDATIONS
5.1 SUMMARY OF FINDINGS
5.2 CONCLUSIONS
5.3 RECOMMENDATIONS
REFERENCES
QUESTIONNAIRE


Reference code: C080

Reference code: C080

Does this Research Project Meet Your Requirements?

Click Here to Order

See More Project Topics

Accounting System and Entrepreneurial Performance of Selected Small and Medium Scale Enterprises in Nigeria

Reference code: C079

ABSTRACT

This study examined accounting system and entrepreneurial performance in Rivers State. Data was collected from small and medium scale enterprises in Rivers State. The statistical tools used in analyzing the data were the simple percentage and frequency tables, and the Pearson Correlation Coefficient. The result revealed that there is significant relationship between accounting system and the growth of small and medium scale enterprises in Rivers State. Also, it was found that positive significant relationship exists between accounting system and the profitability of firms. Hence it is concluded that effective accounting system enhance entrepreneurial growth and reduces errors in transaction. Therefore, it is recommended that small and medium scale firms in the Niger Delta should establish sound and efficient accounting system in their organization as it would enhance the growth of the company. 

BACKGROUND TO THE STUDY

........... Accounting system is an integral part of every business organisation. Hence, its importance to the growth of entrepreneurial firms in Nigeria cannot be overemphasized. Entrepreneurial business venture such as small scale firms engage in numerous transactions that affects the financial status of the business. 

The nature of these transactions makes it humanly impossible to trust all or any of them to memory. It makes sense therefore that proper accounting records are kept of these transactions so that at any point in time, a reference can be made to the financial standing of the business entity. Cook (2007:4) opines that any businessman who does not keep proper accounts will face unforeseen problems such as over taxation, overdrawing of cash for personal use, inability to control credit, inability to make profitable plans and inability to employ the resources of the firm effectively. Therefore, an effective accounting system is highly necessary in all entrepreneurial firms. No firm can do without an accounting system (Cook, 2007).

Accounting system is therefore a collection of source documents, records, procedures, management policies and control, and data processing methods used to transform economic data into useful information (Moscove, 2004:2). It is also defined as a set of interrelated systems that provide financial and economic information (Potter, 2000). Thus, accounting system is an embodiment of the principles, methods and procedures relating to the financial transactions of a company (Baston, 2005). With financial transactions increasing significantly over the years, it becomes very that a well designed accounting system developed and implemented. Smith (2006:21) stated that accounting system plays two major roles in the firm: ..............

FOR ACCESS TO THE FULL PROJECT WORK, USE THE ORDER NOW! BUTTON BELOW

TABLE OF CONTENTS

CHAPTER ONE: : INTRODUCTION
1.1 BACKGROUND TO THE STUDY    1
1.2 STATEMENT OF THE PROBLEM   4
1.3 PURPOSE OF THE STUDY  6
1.4 RESEARCH QUESTIONS  6
1.5 RESEARCH HYPOTHESES  7
1.6 SIGNIFICANCE OF THE STUDY  7
1.7 SCOPE OF THE STUDY  8
1.8 LIMITATION OF THE STUDY  9
1.9 DEFINITION OF TERMS   10
1.10 ORGANIZATION OF THE STUDY    12
REFERENCES   13

CHAPTER TWO: : LITERATURE REVIEW
2.0 INTRODUCTION   14
2.1 THE NATURE OF SMALL AND MEDIUM SCALE ENTERPRISES   14
2.2 FEATURES OF SMALL AND MEDIUM SCALE ENTERPRISES   17
2.3 NATURE AND DEFINITION OF ACCOUNTING   20
2.4 IMPORTANCE OF ACCOUNTING INFORMATION    23
2.5 ACCOUNTING SYSTEM   26
2.7 IMPORTANCE OF ACCOUNTING SYSTEM IN BUSINESS FIRMS.   34
2.8 MEASUREMENT CRITERIA OF EFFICIENT ACCOUNTING SYSTEM   40
2.9 ACCOUNTING SYSTEM & ENTREPRENEURIAL GROWTH 42
REFERENCES   44

CHAPTER THREE: : RESEARCH METHODOLOGY
3.0 INTRODUCTION    46
3.1 RESEARCH DESIGN   47
3.2 SAMPLING/SAMPLE SIZE DETERMINATION
3.5 RELIABILITY AND VALIDITY   50
3.6 DATA ANALYSIS TECHNIQUE   51
REFERENCES  53

CHAPTER FOUR:
PRESENTATION AND ANALYSIS OF DATA
4.1 INTRODUCTION   55
4.1 DATA PRESENTATION  55
4.2. DATA ANALYSIS  60
4.3. TESTING OF HYPOTHESES

CHAPTER FIVE:
DISCUSSION, CONCLUSION AND RECOMMENDATIONS
5.1 INTRODUCTION  64
5.2 DISCUSSION OF FINDINGS  64
5.3 CONCLUSION  66
5.4 RECOMMENDATION   67
BIBLIOGRAPHY  69


Reference code: C079

Reference code: C079

Does this Research Project Meet Your Requirements?

Click Here to Order

See More Project Topics

Accounting Information System and Firm Performance: A Study of Selected Manufacturing Companies Nigeria

Reference code: C078

ABSTRACT

This research project investigated the impact of accounting information system on the performance of manufacturing companies in Port Harcourt, Nigeria. In order to achieve the objectives of the stdy, two hypotheses were formulated and data collected through the issue 91 structured questionnaires to accounting staff of 22 manufacturing companies. data collected was analysed using Pearson Coefficient of Correlation. our findings showed that: The study showed that there is a positive and significant relationship between the implementation of accounting information systems and the profitability of manufacturing companies. The study also showed that there is a positive and significant relationship between the implementation of accounting information systems and the productivity of manufacturing companies. Given our findings, we conclude that: The implementation of adequate accounting information induces profitability in manufacturing companies. We also conclude that the implementation of adequate accounting information systems is a productivity driver in manufacturing companies. Given our findings and conclusions, we make the following recommendations: Manufacturing companies should continue to implement and upgrade their accounting information systems in order to continue to drive profitability of manufacturing companies should provide adequate training in the proper implementation and use of accounting information systems

BACKGROUND TO THE STUDY

............  the quality of decisions taken by managers rests upon the substance and accuracy of information provided by systems available to them. 

An accounting system is one of the most effective decision making tools of management as it provides an orderly method of gathering and organising information about the various business transactions so that it may be used as an aid to management in operating the business (Copeland and Dascher, 1978). Accounting information also may help managers understand their tasks more clearly and reduce uncertainty before making their decisions (Chong, 1996). Thus, Accounting Information system is vital to all organisations and perhaps, every organisation either profit or non profit oriented need to maintain an Accounting Information System as no organisation is exempted from decision making in their operations.

As we all know, accounting speaks the language of business as it records all transactions of an individual firm or other bodies that can be expressed in monetary terms. Predicated on the going concept, accounting is the scheme and art of collecting, classifying, summarizing and communicating data of financial nature required to make economic decisions. Accounting information is an ingredient in most, if not all, financial managerial decisions. In developed economies, these decisions are worth billions of dollars each year. In some cases, the decisions are lacking in quality. Consequently, if researches can improve decision making through improved information, society will benefit. 

Accounting system, in recent times, has tended to be a system of information that does not stop at limits of data and financial information, but also it includes data and descriptive and quantitative information which is useful in decision making for users distinct with plurality and diversity. Such users include current and potential investors, lenders, suppliers, creditors, customers, governments and the public in addition to the administration, which is its responsibility to prepare the accounting programs and displaying it, that information must be capable of achieving the goal that it has been prepared for. Hence the role of Accounting Information System for effective decision making cannot be over emphasized ..........

FOR ACCESS TO THE FULL PROJECT WORK, USE THE ORDER NOW! BUTTON BELOW

TABLE OF CONTENTS

CHAPTER ONE: INTRODUCTION
1.2 BACKGROUND OF THE STUDY 1
1.2 STATEMENT OF RESEARCH PROBLEM 4
1.4 PURPOSE OF THE STUDY 5
1.4 STATEMENT OF RESEARCH QUESTION 6
1.5 RESEARCH HYPOTHESES 6
1.6 SIGNIFICANCE OF THE STUDY 6
1.7 SCOPE AND LIMITATION OF STUDY 7
1.8 ORGANIZATION OF STUDY 8

CHAPTER TWO: REVIEW OF RELEVANT LITERATURE
2.1 THEORETICAL FRAMEWORK 10
2.1.1 Contingency Theory 10
2.1.2 Agency Theory 11
2.1.3 Behavioural Theory 13
2.2 CONCEPTUAL FRAMEWORK 14
2.3 REVIEW OF RELEVANT EMPIRICAL LITERATURE 30

CHAPTER THREE:  RESEARCH METHODOLOGY
3.0 INTRODUCTION 35
3.1 RESEARCH DESIGN 35
3.2 POPULATION FOR THE STUDY 36
3.3 SAMPLE AND SAMPLING TECHNIQUE 36
3.4. NATURE/SCOPE OF DATA 37
3.4.1 Primary Source 37
3.4.2 Secondary Source 37
3.4.3 Questionnaire design 36
3.5 METHOD OF DATA COLLECTION 36
3.6 METHODS OF DATA ANALYSIS 38
3.7 VALIDITY AND RELIABILITY OF INSTRUMENT 39

CHAPTER FOUR
DATA PRESENTATION, ANALYSIS AND INTERPRETATION
4.1. INTRODUCTION 41
4.2. DATA ANALYSIS AND INTERPRETATION 42
4.3. TESTING OF HYPOTHESES 48

CHAPTER FIVE
SUMMARY CONCLUSIONS AND RECOMMENDATIONS
5.1 SUMMARY OF FINDINGS 52
5.2 CONCLUSIONS 53
5.3 RECOMMENDATIONS 53
BIBLIOGRAPHY 54


Reference code: C078
Reference code: C078

Does this Research Project Meet Your Requirements?

Click Here to Order

See More Project Topics

Accounting Information and Bank Performance: A Study of Selected Commercial Banks in Nigeria

Reference code: C077

ABSTRACT

This research project investigated the impact of accounting information system on the performance of commercial banks in Nigeria. In order to achieve the objectives of the study, two hypotheses were formulated and data collected through the issue 91 structured questionnaires to accounting staff of 12 commercial banks. data collected was analyzed using Pearson Coefficient of Correlation. our findings showed that: The study showed that there is a positive and significant relationship between the implementation of accounting information systems and the profitability of commercial banks in Nigeria. The study also showed that there is a positive and significant relationship between the implementation of accounting information systems and the productivity of commercial banks. Given our findings, we conclude that: The implementation of adequate accounting information induces profitability in commercial banks. We also conclude that the implementation of adequate accounting information systems is a productivity driver in commercial banks. Given our findings and conclusions, we make the following recommendations: Commercial banks should continue to implement and upgrade their accounting information systems in order to continue to drive profitability and continue to provide adequate training in the proper implementation and use of accounting information systems.

BACKGROUND TO THE STUDY

......... The ability of a manager to use available resources efficiently and effectively depends on how well the organization's accounting information system is planned and implemented. Hence, the role of accounting information system in the success of any business cannot be over emphasized. For an organization to function properly, adequate and timely accounting information system has to be in place, whose function is to provide adequate, timely and reliable financial data necessary for the management of the affairs of the organization. It is important to note that, poor record keeping and communication has in the past led to the failure of many businesses organizations.

Accounting information system combines the study and practice of accounting with the design, implementation and monitoring of information systems. Such systems use modern information technology resources in conjunction with traditional accounting controls and methods to provide users the information necessary to manage the organization (Etim, 2011). The effect of a good accounting information system can be underscored by the effectiveness and efficiency of the system when it automatically alerts the attention of management to issues that deviate from the pre-determined standards. 

In recent years, the advancement in information systems all over the world has made business organisations to channel resources in these areas if they are to compete favorably among their local and foreign counterparts. Gone are the days when business organizations were simply required to make profit and provide a fair return to investors. The modern business organizations find itself in the atmosphere of global uncertainties, cut throat competition locally and internationally and unprecedented change in the economy. 

Hence, a great demand is often placed on the managers of these organizations to make practical and informed decisions if the organization is to move forward as the success or otherwise of any organization is often a function of the sum of the decisions taken in the past. However, the quality of decisions taken by managers rests on the relevance and accuracy of information provided by systems available to them.

An accounting system is among the most effective decision making tools at the disposal of management as it provides an orderly method of collecting and organizing data and information about the various business financial transactions so that it may be used as a tool for management in running the business (Copeland and Dascher, 1978). Accounting information also may help managers understand their tasks more clearly and reduce the uncertainty that surrounds business decision making (Chong, 1996). Accounting Information system is therefore vital to all organizations and perhaps every organization profit or non profit oriented needs to maintain an Accounting Information System ........... 

FOR ACCESS TO THE FULL PROJECT WORK, USE THE ORDER NOW! BUTTON BELOW

TABLE OF CONTENTS

CHAPTER ONE
INTRODUCTION
1.2 BACKGROUND OF THE STUDY
1.2 STATEMENT OF RESEARCH PROBLEM
1.4 PURPOSE OF THE STUDY
1.4 STATEMENT OF RESEARCH QUESTION
1.6 RESEARCH HYPOTHESES
1.6 SIGNIFICANCE OF THE STUDY

CHAPTER TWO
REVIEW OF RELEVANT LITERATURE
2.0 INTRODUCTION
2.1 THEORETICAL FRAMEWORK
2.1.1 Contingency Theory
2.1.2 Agency Theory
2.1.3 Behavioural Theory
2.2 CONCEPT OF ACCOUNTING INFORMATION SYSTEM
2.2.1 Usefulness of Accounting Information System
2.2.2 Value Relevance of Accounting Information system
2.2.3 Advantages of Accounting Information System
2.3 Implementation of Accounting Information System
2.3.1 Detailed Requirements Analysis
2.3.2. Systems Design and Documentation
2.3.3 Testing, Training and Data Conversion
2.3.4 Launch and Support of the Accounting System
2.4 ACHIEVING EFFICIENT ACCOUNTING INFORMATION SYSTEM
2.5 REVIEW OF RELEVANT EMPIRICAL LITERATURE

CHAPTER THREE
RESEARCH METHODOLOGY
3.0 INTRODUCTION
3.1 RESEARCH DESIGN
3.2 POPULATION FOR THE STUDY
3.3 SAMPLE AND SAMPLING TECHNIQUE
3.4. NATURE AND SOURCES OF DATA
3.5 METHOD OF DATA COLLECTION
3.6 METHODS OF DATA ANALYSIS
3.7 OPERATIONAL DEFINITION OF VARIABLES
3.8 VALIDITY AND RELIABILITY OF INSTRUMENT
BIBLIOGRAPHY


Reference code: C077

Reference code: C077

Does this Research Project Meet Your Requirements?

Click Here to Order

See More Project Topics

Impact of Accounting Information on Corporate Survival

Reference code: C076

ABSTRACT

This study investigated the impact of Accounting information and corporate survival with a particular reference to Nigerian Ports Authority Port Harcourt. Primary Data were collected from respondents using structured questionnaire and personal interview. Chi-Square (x) was used to test the Data because it tests the relationship between two variables. The study found that there is no significant relationship between internal reporting in Nigeria Port Authority Port Harcourt and Profitability, and no significant relationship between external reporting and market share. Based on the finding, the study concludes that it is fundamentally relevant for the survival of any organization. In view of the finding and conclusion, the study recommends as follows that accounting information should be made available to all the users, groups to enhance participation in corporate survival of the Authority. That it would be preferable for firms to prepare and communicate specially constructed and well designed account statement. 

BACKGROUND TO THE STUDY

......... Corporate Survival: The survival or liveliness of any corporation or organization can be seen or known by the interested parties or users through the accounting information of such organization. It is through this information that the users or interested parties, shareholders, the public etc. will know either that the organization or corporation is making profit or not. By this information, investors will either be encourage or not to invest in the corporation or the organization.

Accounting Information: According to Ofurum and Ogbonna: (2013) Managers in every field of human endeavors needs information that is relevant, objective, timely for planning, decision making, and controlling in business activities in order to achieve the goal of the organization. So for any  business or organization to grow or survive proper records of financial transactions are to be kept and such financial records should be relevant, reliable, objective and timely for planning, decision making and controlling of business activities in order to achieve the goal of the organization. 

Therefore, those financial data that are collected, recorded, stored or processed for organization or management decision making for public consumption for shareholders, for government etc. is called “Accounting Information”. Furthermore, according to Ofurum and Ogbonna (2013) Attributes of Accounting Information are: Objectiveness, Timeliness, Conciseness, Completeness, Reliability, Accuracy etc ........

FOR ACCESS TO THE FULL PROJECT WORK, USE THE ORDER NOW! BUTTON BELOW

TABLE OF CONTENTS

CHAPTER ONE
INTRODUCTION
1.1 Background to the Study
1.2 Statement of the Problem
1.3 Aim and Objective of the Study
1.4 Research Questions
1.5 Research Hypotheses
1.6 Scope of Study
1.8 Limitation of the Study
1.9 Definition of Terms
1.10   Organization of Study

CHAPTER TWO
REVIEW OF RELATED LITERATURE
2.0 Introduction
2.1 Theoretical Framework
2.2 Conceptual Issues
2.2.1 Qualities of Good Accounting Information System
2.2.2 Profitability
2.2.3 Relationship between accounting information system and profitability
2.2.4 Effects of Accounting Information on Profitability
2.3 Empirical Findings

CHAPTER THREE
RESEARCH DESIGN AND METHODOLOGY
3.1  Introduction
3.2  Research Design
3.3 Population Description
3.4    Determination of Sample Size
3.5    Questionnaire
3.6    Data Collection
3.6 Methods Of Data Analysis
3.7 Validity And Reliability Of Instrument

CHAPTER FOUR
DATA AND PRESENTATION ANALYSIS
4.0 Introduction
4.1 Data Presentation
4.2.1 Hypotheses Testing

CHAPTER FIVE
SUMMARY OF FINDINGS, CONCLUSIONS AND RECOMMENDATIONS
5.1 Summary Of Findings
5.2 Conclusion
5.3 Recommendations
Bibliography
Appendices

Reference code: C076
Reference code: C076

Does this Research Project Meet Your Requirements?

Click Here to Order

See More Project Topics