Department of Accounting

Permanent URI for this collection

https://repository.run.edu.ng/handle/123456789/61

Browse

Browsing Department of Accounting by Title

Now showing 1 - 20 of 112
  • Thumbnail Image
    Item
    A Check on Possible Bankruptcy of Companies Quoted on the Nigerian Stock Exchange
    (ECONOMIC INDICATORS. The Nigerian Economic Summit Group, 2008) Sanni, Micheal Rotimi
  • Thumbnail Image
    Item
    A Publication of the Institute of Chartered Accountants of Nigeria: External Auditors' Liability in the 2009 Bank Crisis in Nigeria
    (Nigeria Research Journal of Accountancy (NRJA), 2010) Sanni, Micheal Rotimi
    This paper discusses the duties of an external auditor, the modus operandi of his work, the auditing requirements of companies and the role of management boards. Citing mainly foreign decided cases on auditors' ability to buttress its points, the paper concludes that though there has not been any external auditor that has been dragged to Nigerian court for negligence; it may be difficult to find the auditors liable under the present circumstances. This is because auditors' liability to third parties has been narrowed down with the Caparo case. This notwithstanding, the paper recommends that more reasonable skill and care should be exercised by auditors in order not to further drag their profession into the mud
  • Thumbnail Image
    Item
    A Review of the Challenges that Affect the Quality of Research in Accounting in Nigeria and the Way Out
    (CPGS(College of Postgraduate Studies) RUN, 2022) Sanni, Micheal Rotimi
    Many people believe that management research has little impact on management practice. It is documented that management academic research findings (accounting inclusive) that are published in scholarly management publications have little to no application in real-world settings and that managers who use the results of such research rarely achieve their goals. Despite having a large number of research institutes, universities, polytechnics, and monotechnics funded by the federal, state, and private sectors, Nigeria faces a number of challenges and brain drain. The inability of African research outputs to regularly compete favorably with international researches is of great concern. Recent university rankings typically show that, with the exception of a few South African universities, the majority of African universities perform poorly. For instance, the African Economic Research Consortium (AERC), universities, and other African and international stakeholders all agreed that the best way to address the quality of research outputs in the continent would be through a collaborative PhD degree programme. Findings from exploratory research method used for this study revealed that the quality of researches in accounting is affected by the challenges faced by doctoral accounting students, challenges faced by academia and research institutes and that practitioners hardly use outputs of such researches. Findings further showed that the outputs of research findings in accounting are not visible, unlike those in the medical, pure and applied sciences. The outputs, when applied, take longer time to manifest, leading to the wrong notion that they are not applicable. The study recommended ways to mitigate the challenges It also recommended collaboration between researchers in accounting and practitioners in order to bridge the existing gap between them.
  • Thumbnail Image
    Item
  • Thumbnail Image
    Item
    Adoption of International Financial Reporting Standards (IFRS) and Quality of the Central Bank of Nigeria (CBN) Financial Reports
    (2018-10) Olasupo, Sunday Festus
    The study examines the effect of IFRS adoption on the quality of CBN financial reports. Consequent upon the adoption of IFRS in Nigeria and the staged implementation plan necessitating Publicly Listed Entities (PLCs) and significant Public Interest Entities (PIEs) to implement IFRS by 1st January 2012, CBN was required to adopt this set of standards. The study employed the descriptive and explanatory research design while secondary data was obtained from CBN Annual Reports and Statistical Bulletins from 2005 to 2015 indicating pre and post IFRS adoption era. Data analysis was conducted by means of the descriptive and inferential statistics while the Autoregressive Distributed Lag (ARDL) was used as the regression model. The result showed that at 5% level of significance, IFRS adoption has a significant effect on the quality of CBN financial reports though positively in the short-run but negatively in the long-run. IFRS standards which are much more targeted towards special legal entities as central banks should thus be looked into as it will invariably influence the quality of her financial reports.
  • Thumbnail Image
    Item
    Adoption of International Financial Reporting Standards and Financial Performance of Quoted Firms in the Brewery Industry in Nigeria
    (Ibadan Planning Journal, A Publication of Department of Urban and Regional Planning, Faculty of the Social Sciences, 2017) Sanni, Micheal Rotimi
    International Financial Accounting Standards (IFRS) become mandatory in Nigeria in 2012. This paper evaluated the adoption of IFRS on the financial performance of Nigerian quoted brewery firms. Data were sourced from published financial statements of two leading firms that control 92% of brewery market on profitability ratios proxy with Return on Assets (ROA) and Return on Equity (ROE) for eight year period (2008-2015). Paired sample t-test statistics was used to analyse the fours year pre- -IFRS adoption period (2008-2011) and four years post-IFRS adoption period (2012-2014). The results of the analysis showed that ROA reduced significantly by 0.18$75 after the adoption of IFRS (p= -0.0000), ROE also reduced significantly by 0.2300 (p = 6010). While the findings contradict some existing works, they confirm others. The reduced profitability cannot solely be attributed to adoption of FRS as profitability gradually reduced during the pre-IFRS adoption period. The harsh economic challenges faced by the country in the last few years can as well be responsible.
  • Thumbnail Image
    Item
    Anticipated Impact of Monetary Union on Bilateral Trade among ECOWAS Members
    (Journal of Global Economics, Management and Business Research, 2017) Worimegbe, Temitope
    The pattern of growth of International Trade and Bilateral Trade among West African Countries has again brought to light the need for a common currency aimed at financial integration of the ECOWAS community. In this light, this study adopts the explanatory survey design and uses the questionnaire as a primary research instrument to solicit responses from experts in monetary policy, foreign exchange and international business with a view to examine and analyze the potential impact of the proposed ECO currency on Bilateral trade among the ECOWAS members. Data was analysed using the simple linear regression to determine the relationship between the dependent (bilateral trade) and the independent variable (monetary union). Findings from the study indicate there is a positive linear relationship between bilateral trade and monetary union; consistent with Akinyede (2014). The relationship is moderate and significant at 5% level of significance (p value =.001 < alpha value =.05). Therefore, we conclude that the development of monetary union has significant impact on bilateral trade in ECOWAS
  • Thumbnail Image
    Item
  • Thumbnail Image
    Item
  • Thumbnail Image
    Item
  • Thumbnail Image
    Item
  • No Thumbnail Available
    Item
    Board gender diversity and corporate social responsbility
    (2023-10-20) Sanni, Micheal Rotimi
    While board gender diversity (BGD) and corporate social responsibility (CSR) have become topics of global interest among practitioners, regulators, and academicians, most existing studies, particularly on Nigerian banks, have majorly concentrated on the effect of BGD on financial performance. It has also been observed that the few studies on banks have mostly viewed the nexus from a static perspective. To the best of our knowledge, there is no study that has used dynamic data analysis approach involving generalized method of moment (GMM) on BGD and CSR nexus of Nigerian banks. To this extent, this study aims to examine the effect of BGD on CSR of 12 listed deposit money banks in Nigeria from 2012 to 2021 using dynamic analysis involving GMM. The study is anchored on three theories, which are stakeholders’ theory, legitimacy theory and gender socialization theory. Findings show that BGD has no significant positive effect on CSR, implying that BGD does not affect firm commitment to CSR endeavors. The study recommends that more women should be appointed to the boardroom and given equal opportunities as their male counterparts in corporate and strategic decision-making so as to foster good relationship with stakeholders. The outcome of our study is of significant relevance to bank stakeholders such as managers, regulators, policymakers and academician on the need for more women's representation and participation in corporate and strategic decision-making.
  • Thumbnail Image
    Item
    Board Size and Tax Compliance among Listed Industrial Goods Firms in Nigeria
    (Journal of Global Accounting, Nnamdi Azikwe University Awka, 2022) Sanni, Micheal Rotimi
    The purpose of this study is to examine the relationship between board size and tax compliance in listed industrial good firms in Nigeria. The focus was on the industry due to its importance to the Nigerian economy. The study adopts ex post facto research design. Data sourced from published 2016 – 2020 financial statements of 13 purposely selected firms from the industry were analysed with Random Effect Model, confirmed by Hausman test. Board size was proxy with number of board members while tax compliance was proxy with effective tax rate. Findings from the results of analysis revealed that board size has a significant positive relationship with tax compliance. Since board size has a positive and significant relationship with tax compliance, the study recommends to corporate organisations that the size of board of directors should be properly constituted. It also recommends that government and relevant tax authorities should put in place policies that will encourage tax compliance.
  • Thumbnail Image
    Item
    Breakdown of National Corporate Governance and the Dynamics of Corruption in a Nation: The Precipice Situation of Nigeria
    (Science Arena Publications Specialty Journal of Accounting and Economics, 2016) Sanni, Micheal Rotimi
    Corruption and its impact on the polity, social environment and business entities is the focus of this paper. Qualitative research approach and retrospective literature analysis were used for the study. Contemporary issues that were germane to the study of corruption and its effects on the nation and business world were thoroughly analysed. It was found out that corruption festered in the country due to poor political structures; lack of openness and transparency in public service; insincerity on the part of government in the prosecution of war against corruption; constitutional loopholes like plea bargain and inordinate ambition of the political class who turned politics to profession. The business world also had its fair share of corruption due to weak internal control; collusion and negligence of the oversight functionaries in not fulfilling the tenets of good corporate governance. It is recommended that the constitutional loopholes of plea bargain should be repealed; the nation to revert to parliamentary system of government in order to reduce cost and to make membership of the legislature to be part time; make regulatory organs for business operation to be functional and easily accessible and financial institutions to mandatorily give information to Federal and State Boards of Inland Revenue Authorities as to transfers and withdrawals of funds in excess of specified amount. Corporate entities should also be corporate governance compliant.
  • Thumbnail Image
    Item
  • Thumbnail Image
    Item
  • Thumbnail Image
    Item
  • Thumbnail Image
    Item
  • Thumbnail Image
    Item
    Capital Structure and Firm Size of Selected Listed Firms in the Oil and Gas Industry in Nigeria
    (2022) Sanni, Micheal Rotimi
    This study examined the effect of capital structure on the firm size of selected listed Oil and Gas Industry in Nigeria. It also looked at whether firm size is influenced by Equity Finance, Noncurrent Liability Finance, Total Liability Finance and Leverage. The corporate annual reports and websites for the periods 2011-2020 were utilised as the main sources of secondary data. The study adopted the use of panel estimation technique to analyse the data collected from annual reports and corporate websites of the Listed Oil and Gas Industry in Nigeria. Hausman test confirmed fixed effect model as appropriate for this study. The overall finding showed that capital structure has a significant effect on firm size. In addition, Equity Finance and Leverage have a negative and significant effect on firm size. Total Liability Finance has a positive and significant effect, while Noncurrent Liability Finance has no significant effect. The study recommended that all the identified macro and micro economic factors that affect capital structure and firm size should be considered when formulating an appropriate capital structure decision for the overall benefits of shareholders.
  • Thumbnail Image
    Item