1,720,963 research outputs found
CASH CONTROL PRACTICES IMPACT ON THE FINANCIAL PERFORMANCE OF SOME SELECTED NIGERIAN PLASTICS AND ENERGY FIRMS
No full textThe survival of a business depends on its ability to manage profitability and control cash to ensure high liquidity position especially in this era of COVID-19 outbreak. This study thus, examined cash control practices (CCPs) impact on the financial performance (PFs) of some selected plastics and energy firms (PEFs) in Nigeria. This study adopted case study research design. The population of this study is made up of all the PEFs in Nigeria. Panel secondary data was used to elicit information from the annual accounts and reports of the selected companies. This study employed regression models and non-parametric test to analyze the data. The results from non-parametric test showed a rejection of the tested three hypotheses at 0.05% significant level confirming that CCPs exert significant impact on the FPs. This study concluded that there are positive effects of CCPs on the FPs of PEFs in Nigeria. This study recommended that adequate the CCPs that can block cash pilfering should be installed to improve FPs of companies in Nigeria and other countries. The outcome of this study would gear up the business owners to install cash control procedures that could resolve cash mismanagement and liquidity problems for their businesses. Furthermore, findings from this study would serve as a valuable data for future research in this study area.
Key Words: Cash control practices, financial performance, Nigerian plastics and energy firm
The Impact of International Financial Reporting Standards Adoption on Global Acceptability of Financial Statements of Firms in Nigeria
No full textNowadays business has become global activities. Nigeria is not left out of making international transactions. Before the introduction of the global standards called International Financial Reporting Standards (IFRS), different countries have developed their own national accounting standards or adopted that of other countries as a basis for financial reporting. Any information generated for economic decisions from financial statements prepared under different countries’ local accounting standards often not comparable. There exists a gap in literature on the studies of global acceptability of the financial statements of Nigerian firms after adopting IFRS in Nigeria.This study therefore, examines the impact of IFRS adoption on global acceptability of financial statements of firms in Nigeria after migration. A purposive sampling technique was adopted to draw a sample size of 96 from the study population of all the accountants and accounting lecturers in Osun State, Nigeria. Both primary and secondary data were used to elicit responses from the questionnaire administered. Multiple regression and Pearson correlation statistical tools were used to analysis the data generated for the study. The results from data analysis show the correlation of 0.850, 0.845, R value of 0880, R-square of 0.774 and the p-value of 0.00. The correlation results show that IFRS adoption has a strong positive relationship with global acceptability of financial statements. Since the p-value is less than 0.01 level of significant (0.00 <0.01), then null hypotheses should be rejected. Therefore, there is significant impact of IFRS adoption on global acceptability of financial statements of firms in Nigeria. This study concludes that by transmitting to IFRS, business organizations in Nigeria will enjoy full benefits of credible financial statements. This will ease their access to global capital markets thereby increasing their access to external capital and this will also attract foreign investors into this country which will serve as a basis for economic growth. This study therefore, recommends that the professional accounting bodies in Nigeria should make IFRS training a part of Mandatory Continuous Professional Education at reduced costs and the accounting lecturers should see the implementation of IFRS adoption as part of their professional and national responsibilities by embracing the teaching of students based on IFRS benchmarks in order to build human capacity that will support the production of global acceptable financial reports for businesses in Nigeria. Keywords: International Financial Reporting Standards, Financial Statements, Firms Global acceptability. DOI: 10.7176/RJFA/11-9-07 Publication date:May 31st 202
The Impact of Triple Bottom Line Accounting on Firms’ Sustainability in Nigeria
No full textThe era of reporting business activities solemnly based on financial performance is over. In addition to economic performance reporting, many organizations in the globe have been producing entities’ reports that disclose and account for the social responsibilities and environmental impacts of the entities. Also, the accounting financial reporting practice is considered socially and environmentally unfriendly. This study therefore, examines the impact of triple bottom line accounting on firms’ sustainability in Nigeria by focusing on the perspective views of firms’ stakeholders. A survey research design was employed and the population of this study is made up of three selected money deposit banks in Nigeria. Purposive sampling technique was used to select the sample of 150 respondents. The primary data was collected through a structured questionnaire and the data gathered was analyzed using descriptive statistic and multiple regression models with the aid of SPSS version 20. Findings from this study indicate that p-value of 0.00 < 001. Therefore, the triple bottom line accounting has significant impact on firms’ sustainability in Nigeria. This study concludes that disclosure in form of TBL accounting becomes a necessity to satisfy the interest of varying stakeholder groups and to place firms’ sustainability objective at the fore front of present day business. This study therefore, recommends that firms should adopt transparent disclosure of quantifiable triple bottom line accounting encompassing social, environmental and economic performance as this would boost stakeholder’s confidence and improve the overall quality of their report. Also, the performance information reported by firms should be linked with their stated intentions and their strategic processes for achieving sustainability as these would ultimately capture their impact in the society and boost their reputation. Then as most of the developed countries have various forms of standards regulating social and environmental disclosure, the governments of developing countries especially Nigeria are encouraged along with standard setting bodies to develop standards that can guide every organization in accounting for social and environmental impacts and. Finally, additional education and training should be given to accountants on the key trends in the areas of economic, social and environmental disclosure so as to keep them abreast of changes in the profession. Keywords: Accounting, Firms, Sustainability, Triple bottom line. DOI: 10.7176/RJFA/11-9-06 Publication date:May 31st 202
The Impact of Company Accounts on Accounting Information Generation for Decision Making of Small and Medium Enterprises in Nigeria
Get PDFSmall and medium scale enterprises are gaining widespread acceptance as viable drivers of economic growth. However, several of these enterprises demise without fulfilling expectations due to poor management arising from weak accounting structure and information, and the studies of the impact of company accounts on accounting information generation are very few and not fully explored in the literature especially in Nigeria. This study therefore, examines the impact of company account on the generation of accounting information for decision making of small and medium enterprises (SMEs) in Nigeria. A survey research design approach was adopted through the administration of questionnaire to obtain primary data from respondents. The sample size of 151 respon-dents was drawn from 15 selected SMEs in Osun State. A stratified sampling technique was used to draw the sample. The data collected was analyzed using Linear Multiple Regression mode. From the results obtained, there is strong relationship between the company accounts and accounting information as indicated by the correlation coefficient of 0.955, 0.958, 0.962 and the p-value is less than 1% significant level (0.00<0.01), therefore null hypotheses are rejected. That means company accounts play significant role in generating accounting information for decision making of business organizations in Nigeria. This study finds that some SMEs operators in Osun State hired unskilled accounting personnel which make their accounting information unreliable and inadequate for effective decision making and very difficult to measure the performances of their business. This study recommends that government should promulgate new additional company law that will extend mandatory annual statutory preparation, disclosure and publication of annual accounts and reports of limited liability companies to other uncovered small and medium enterprises in Nigeria. Keywords: Accounting information, Company accounts, Small and Medium Enterprises. DOI: 10.7176/RJFA/11-11-04 Publication date:June 30th 202
Going Beyond Counting First Authors in Author Co-citation Analysis
Get PDFThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Variations on the Author
Get PDF“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Appropriate Similarity Measures for Author Cocitation Analysis
Get PDFWe provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
Dispelling the Myths Behind First-author Citation Counts
Get PDFWe conducted a full-scale evaluative citation analysis study of scholars in the XML research field to explore just how different from each other author rankings resulting from different citation counting methods actually are, and to demonstrate the capability of emerging data and tools on the Web in supporting more realistic citation counting methods. Our results contest some common arguments for the continued
use of first-author citation counts in the evaluation of scholars, such as high correlations between author rankings by first-author citation counts and other citation
counting methods, and high costs of using more realistic citation counting methods that are not well-supported by the ISI databases. It is argued that increasingly available digital full text research papers make it possible for citation analysis studies to go beyond what the ISI databases have directly supported and to employ more
sophisticated methods
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