ACCOUNTING TO ENHANCE TRUST AND CONFIDENCE IN CORPORATE AFFAIRS

Project Topic: The Role of Accounting to Enhance Trust and Confidence in Corporate Affairs (A Case Study Of Union Bank Nig Plc)


CHAPTER ONE

INTRODUCTION

From a traditional perspective the object of financial statement is to provide information about a business economic situation that is useful for a wide range of users for economic decision making and observing management quality. This decision oriented objective of financial reporting is the constituent part of the various national accounting systems. Investors need information about the amounts, timing, and uncertainty of the company’s future economic inflows and outflows. According to Eugene (2003).

Generally speaking information is needed for two purposes from an economic point of view financial reporting is one important and reliable source of information that helps to allocate capital more efficiently. Misleading information might channel funds into inefficient companies. Capital markets may even collapse when those who normally make business and economic decision feel that they do not get enough or biased information. Read More »

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RISK MANAGEMENT IN BANK LENDING (A CASE STUDY OF EQUITORIAL TRUST BANK)

Project Topic: Risk Management in Bank Lending (A Case of Equatorial Trust Bank)


 CHAPTER ONE

INTRODUCTION

The Nigerian financial institutions have faced difficulties over the years for a multitude of reasons but the major cause of serious banking problems in recent times continues to be directly related to lax credit standards for borrowers and counterparties, poor portfolio risk management or a lack of attention to changes in economic or other circumstances that can lead to a deterioration in the credit standing of a bank’s counterparties. Credit risk is most simply defined as the potential that a bank borrower will fail to meet the obligations in accordance with agreed terms. The goal of risk management in bank lending is to maximize a bank’s risk adjusted rate of return, maintaining risk exposure with acceptable parameters. Read More »

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POOR ACCOUNTING PRACTICES: BANE OF SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA

 

Project Topic: Poor Accounting Practices: Bane of Small and Medium Scale Enterprises in Nigeria


ABSTRACT

Small and medium scale enterprises (SMEs) constitute a pivot of the economic growth and stability of any economy (even developed economies). In recent decades, a lot of attention and efforts were deployed into this sector by both governments and individuals to appropriate the huge proceeds offered by it. Multinational concerns waded into several partnership/counterpart agreements with SMEs in a bid to read and capture a significant part of the market for their products/services. The SMEs are needed both in the productive, distributive and service industries. Their presence has not only expanded but strengthened these industries as well. The success stories of “Asia Tigers” such as Malaysia, Indonesia, Taiwan, Japan, Indian Korea and Israel, to mention a few, could be traded to the investment of enormous resources by the governments of the aforementioned countries to the development of the SMEs. Nigeria after its civil war took place from or borrowed the economic blue print of the aforementioned countries. Thus, for the most part of the last three decades, she had intensified its campaigns and programmes in this sector. Institutes, agencies, parastatals and extra-ministerial departments have been created by government to facilitate the growth of the SMEs. In the present Obasanjo Administration, the small and medium Enterprises Development Agency of Nigeria (SMEDAN) was set up to provide micro-credits and technical assistance to prospective small business owners especially school leavers. This agency has lived up to its billing since its formation. Inspite of all the concerted and well meaning efforts by government and international organizations such as the IMF, World Bank etc. to foster the growth of the SMEs Sector of Nigeria’s Economy, a suitable factor. “Poor Accounting Practices” has been discovered to be a potential threat to the speedy growth of the SMEs. Inadequate and improper record keeping could be attributed to the poor appreciation of accounting roles/functions by Read More »

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IMPACT OF MONEY SUPPLY ON INFLATION IN NIGERIA (FROM 1990 TO 2007)

Project Topic: The Impact of Money Supply on Inflation in Nigeria (1990 – 2007)


 ABSTRACT

 Over the years, inflation has been a major economic problem that has been eating deep into the various sectors of the economy of Nigeria. The standard of living of the people has also been affected badly. This study is aimed at assessing the impact of money supply on inflation. The various monetary instrument used in regulating money supply were considered. In order to achieve the aim of this study, only secondary source of data collection was used. The data were extracted from journals, text books, newspapers, etc. The research department of central bank of Nigeria, Enugu zonal office was of immense help in this regard. The results gotten were systematically presented in tables while hypothesis raised was verified using regression analysis. The research revealed that money supply fluctuations has contributed to inflationary trend and when effectively regulated can curb the inflation. However, this ability has been hampered by factors such as; fiscal deficit financing by government through credits extension by CBN, lack of adequate autonomy of CBN, occasional non-compliance by banks to CBN guidelines. Recommendations such as minimizing or eliminating fiscal deficit, giving CBN full autonomy in every sense of it for effective operations to be provided. Read More »

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INFLUENCE OF MISCONCEPTION ON TEACHING AND LEARNING OF SECONDARY SCHOOL BIOLOGY

Project Topic: Influence of Misconception on Teaching and Learning of Secondary School Biology


CHAPTER ONE

INTRODUCTION

Background of the Study

Education has no universally accepted definition. It is referred to as an enterprise, an activity, a concept, an institution a profession, a discipline (Ocho 2005). Education emanated from two Latin words: ‘Educare’ meaning to lead out, to draw or pull out and ‘Educare’ meaning to form something, to shape, to train. These two root words of education have laid to two schools of thought in education deriving education from educare, the idealists define education as drawing or pulling out or leading out the ideals that are innate in the mind of the learner. Education therefore, according to this school of thought consist the process of bringing these ideas out from the mind of the learner and present them back to the learner so that he may become conscious of what he has possess all along. In this line of thought Plato defined education as the process of recollection or reminiscence. Read More »

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RELEVANCE OF FORENSIC ACCOUNTING IN THE FACE OF INCREASING FRAUDULENT PRACTICES IN NIGERIA

Project Topic: A Critical Analysis of the Relevance of Forensic Accounting in the Face of Increasing Fraudulent Practices in Nigeria


 ABSTRACT

 An outgrowth of the increasing frauds and financial malpractices in corporate organizations is the emergence in the recent times of forensic accounting. This project explains the fundamentals of Forensic Accounting and Fraud Investigations in today’s Nigerian Economy, as well as investigates the role of forensic accounting in financial crimes. The role of the Economic and Financial Crimes Commission (EFCC) is examined. This body employs forensic accounting and fraud investigation skills as one of the tools used to investigate financial crimes. To evaluate the role of forensic accounting on financial crimes, primary sources of data and chi-square is used for analysis. Forensic accounting and fraud investigations had significantly made a possible impact in curbing financial crimes in corporate organizations. The study found out that, there is a shortage of professional forensic accountants in the Country. The study recommend the need for financial institutions and law enforcement agencies to invest in training of professionals in the area of forensic accounting and also invest in building the capacity of existing staff on forensic skills.   Read More »

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EFFECTS OF DISTRIBUTION ON CONSUMER DEMAND OF PALM PRODUCE

Project Topic: Effects of Distribution on Consumer Demand of Palm Produce in Nsukka Area of Enugu State


CHAPTER ONE

INTRODUCTION

 Background of the Study

The Internet has globalized almost the entire human activities, creating new and innovative ways for people to shape and share their identity, and express themselves (Neogy, 2008:70). The impact of globalization has been felt much in marketing in such areas as E-advertising, E-payment, E- etc. But the Internet is yet to introduce E-distribution of tangible products such as the palm produce! The philosophy that marketing operates on the “space” such as E-marketing, in this new era is limited because the actual physical distribution requires a place for effective implementation. Marketing is therefore lamed without distribution even in the developed countries where hybrid systems are upheld. Palm Produce especially palm oil can be used for domestic and export or industrial processing. Palm oil has three grades, which include; Read More »

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NURSING CARE STUDY OF A PATIENT WITH UMBILICAL HERNIA

Project Topic: Nursing Care Study of a Patient with Umbilical Hernia


 CHAPTER ONE

Mr. J.N. is a 22 year old man. He is from Odume in Anambra State.

He presented in the General Outpatient Department of University of Nigeria Teaching Hospital Ituku Ozalla, on the 3rd of August 2011.

He was then referred to Surgical OutPatient Department (SOP) of University of Nigeria Teaching Hospital Ituku Ozalla. He complained of recurrent abdominal pain with bilateral swelling on the groin. The swelling expands on coughing which causes discomfort to him. His condition was becoming worse with the abdominal pain which makes him to sweat during each episode. He then came to UNTH, Ituku Ozalla for proper management.

He was clerked and assessed. He was admitted for investigation and proper Management into Ward 3 (Male Surgical Ward) in University of Nigeria Teaching Hospital Ituku Ozalla. Read More »

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PENSION SCHEME MANAGEMENT IN THE NIGERIAN PUBLIC SECTOR

Project Topic: Pension Scheme Management in the Nigerian Public Sector


CHAPTER ONE

INTRODUCTION

1.1       BACKGROUND OF THE STUDY

Prior to the emergence of the present pension regime, pension scheme management was largely in a state of flux. Most schemes were either underfunded or unfunded. There was weak and inefficient pension management in both the private and public sectors of the economy. Most workers in the private sector were not covered by any form of retirement benefits and cases of embezzlement of pension fund in the public sector as a result of inefficient management of pension scheme were rife. The fundamental objective of every pension scheme is to guarantee benefit to workers on retirement. The actualization of this important function is determined to a large extent on the level of efficiency put in place in the management of pension scheme. According to Ugbaja (2005:8), a well funded pension scheme helps to spread the cost of benefits evenly overtime and eliminate the difficulties of economic misfortune. This is achievable if the pension fund scheme is well managed. The introduction of pension scheme into the Nigerian public sector dates back to 1951. The then colonial administration in its bid to make public service work more appealing or desirable, the scheme was made retroactive from 1946. This indicates that, though, the ordinance was passed in 1951, the benefits were extended back to 1946. This significant act, marked the Read More »

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EMPLOYEE PARTICIPATION IN DECISION MAKING AND ITS IMPACT ON PRODUCTIVITY

Project Topic: Employee Participation in Decision Making and its Impact on Productivity: An Appraisal of Government Printing Press and Two other Private Publishing Firms in Enugu


CHAPTER ONE

INTRODUCTION

1.1     BACKGROUND OF THE STUDY

Over the years, the practice of organizational management demanded that employer/management would expect that workers will do the work that is set before them.  While this was a perfectly typical method of getting results through others in the early days of assembly line and scientific management, it is no longer true of today’s business. The trend has changed in that management expects more from its workers than doing simply what is put before them. It has also changed in that workers expect that more can be got from them by simply working according to the direction of the boss. However, with the rise of such theories as “participative management” and with increasing recognition those employees often have something valuable to contribute (beyond the accepted units of their normal job duties).  Many companies are now actively seeking ways of getting employees to participate more in decision affecting them.  The worker on the other hand expects to be asked how he feels about his job, and what his ideas are on how the work can be done more easily, better and faster.  The reason for this change in emphasis is that management has discovered that there are tangible business values in soliciting and using the ideas of people at all levels in the organization. As the main objective of every business organization is long-term survival and in Read More »

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