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CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Like many other African countries, Nigeria is primarily agrarian with its abundant land and water resources. Despite the rapid growth of the oil industry over the years, agriculture still accounts for 40%…
CHAPTER ONE: INTRODUCTION 1.1 BACKGROUND TO THE STUDY An audit involves the independent examination of an expression person in accordance with the terms of engagement and the observance of statutory regulations and professional requirement (Okolie, 2008). According to Milichamp (2003)…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Budgeting is fundamental to every project management. It is imperative because it is a means to ensure that desired organizations objectives are met. This is also accomplished by exercising control over scares…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF STUDY One on the ultimate means of evaluating the performance of a public sector can be attributed to budget or budgetary control. Most managers planning and control to determine the goals and objectives of…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY It is not an overstatement that taxation plays a prominent role in the economy of any nation as one of the major means of generating revenue. In the past government derived more…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY According to Nwankwo (1990), since the first formal bank was established in 1656 in Sweden, the banking industry has always been a pervading institutional player in any given economy, being the only…
CHAPTER ONE INTRODUCTION 1.1 Background to the Study The sources of changes are diverse, well known and, most times, irreversible. They include technological innovation, deregulation, and inauguration of the computer information age, changed consumer demands, globalization, and the rush toward…
CHAPTER ONE INTRODUCTION 1.1 Background to the Study Every business needs investment to procure fixed assets, which remain in use for a longer period. Money invested in these assets is called ‘Long term Funds’ or ‘Fixed Capital’. Business also needs…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The banking industry is the live-wire or the equivalent to the central nervous system of the human in all capitalist economics. The institution provide the vital link between the surplus unit and…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Inventory is one of the resources that are managed by business organizations and it was first recorded in 1601. The need for inventory control cannot be overemphasized as it is a means…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Financial analysis involves the assessment of a firm’s past, present and anticipated future financial condition. The objective is to identify any weakness in the firm’s financial health that could lead to the…
CHAPTER ONE INTRODUCTION 1.1 Background to the Study Every business has an overriding responsibility to make the fullest possible use of its resources both human and material. An enterprise is a corporate citizen. . Like a citizen, it is esteemed’ and…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Every Society in whatever form will comprise the ruling and the authority and the ruled subjects. As social contract term the ruler is expected to perform some roles; be it administrative, social,…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Financial accounting informal ion contained in financial statement of business entities, is the bedrock for the computation of accounting ratios of business concern. This in turns form the: basic for the evaluation…
CHAPTER ONE INTRODUCTION 1.1 Background to the Study The ability to manage personal finances has become increasingly important in today’s world. People must plan for long-term investments for their retirement and children’s education. They must also decide on short-term savings…
CHAPTER ONE INTRODUCTION 1.1 Background of the Study Cooperative Societies are found throughout the Word. They are found in capitalist countries, in socialist countries as well as in countries described as mixed economist existing and functioning as an integral part…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Financial Statement is the reflection of a company’s wealth, assets and liabilities. It show the financial strength of an organization. Both the Management of such organization and the Investors act based on…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Interest in the role of small and medium-sized enterprises (SMEs) in the development process continues to be in the forefront of policy debates in developing countries. The advantages claimed for SMEs are…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY There appears to be little about the fact that fraud in banks is a matter of the greatest concern to bankers, the monetary/ political authorities and the generality of Nigerians today. It…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The growing importance of human resources accounting is a determinant of economic success at both the macroeconomic and microeconomics levels which dictates that firms need to adjust to this new economic reality.…