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CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Internal control, the strength of every organization, has become very crucial in Nigerian banks. The reason for its high importance is that control system in any organization is fundamental to an efficient…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The oil and gas industry is one of such industries that has specific accounting standards. This can be attributed to its peculiarity in terms of high capital requirement, earning volatility, regulation, type…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Accountability and transparency have been critical issues in financial management of governments in Nigeria, particularly the local government. It has continually disturbed and hindered the effective running and performance of the council and…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Nigeria is interlinked with the global financial system. The global financial crisis emanated from the economy of the United States in 2007 and later spread to other developed economies of the world…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Modern financial accounting is based on a double entry system. Described simply, double entry bookkeeping allows firms to maintain records that reflect what the firm owns and owes and also what the…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The Nigeria labour market in recent years has experienced problems such as strikes, unemployment and reduction in productivity. Labour conflict is a phenomenon that most often takes the form of strikes [where…
CHAPTER ONE INTRODUCTION 1.1 Background to the Study Working capital management of a firm has been recognized as an important area in financial management. The main goal of working capital management is to teach and keep an optimized balance between…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The main theme of this project is to bring to highlight the importance of costing to the existence of any organization, using the Nigeria Bottling company as a case study. Every activity and…
ACCOUNTING AS AN INEVITABLE TOOL FOR BUSINESS MANAGEMENT (A CASE STUDY OF GUINNESS PLC) CHAPTER ONE Introduction 1.1 Background of study The accounting system can be regarded as a universal phenomenon needs not only by individual but also by organization.…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY In recent times, there has been the urge for tax authorities in Nigeria to carry out spontaneous and sporadic tax audits and investigations on taxpayers, especially corporate bodies, suspected of tax evasion…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Education in Nigeria is funded by different sources. The main source of revenue for all sectors of the economy comes from public funds through taxation. It is reported that education funds are…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Overtime, public expenditure has always been a lubricant in physical and human capital formation. Government has the obligation of protecting and providing basic amenities for the citizenry (Abdullah, 2010). The protection function…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Public funds are those funds meant for the public use (Corbally, 1962, Osuntokun, 2003). It involves the financial activities of the government like borrowing, lending, taxing, etc as well as the expenditure…
CHAPTER ONE Introduction 1.1 Background of Study The earliest trace of any form of direct taxation in Nigeria even before the British Administration was in Northern Nigeria. The North was favored for this because it had a form of organized…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Public funds are meant to meet those basic needs that the government owes as an obligation to its citizenry (Corbally, 1962, Osuntokun, 2003). It is the duty of the government to take…
CHAPTER ONE INTRODUCTION 1.1 Background to the Study For any economy to remain afloat in its bid for survival m today’s globalization, deregulation and liberalization of markets, it needs to have an efficient financial system to direct the allocation of…
CHAPTER ONE INTRODUCTION 1.1 Background of Study As the name implies, corporate planning involves planning for an organization as a whole. It is a systematic approach to strategic decision making. Corporate planning indicated a holistic approach for winning the goals…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The enactment of the Nigeria Enterprise, promotion Decree of 1972, otherwise known as Indigenization Decree, made many businesses which were higher in the hands of foreign business men to pass into the…
CHAPTER ONE: INTRODUCTION 1.1 BACKGROUND OF THE STUDY Any successive management is constantly estimating the performance of her comparing it with the company’s historical figures, with its industry editors. And even with successful business from other industries. To complete a…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY One of the most important things in life of a business is decision making. Decision making is an all pervasive activity taking place at every level in the organization, covering both the…