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CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY It is well know fact that the Nigeria major sources of revenue is from oil gas sector of the economy. This account for over 80% of the total revenue generated by the…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY There has been a growing concern on the decline of the output of the manufacturing sector in Nigeria in recent times, despite the fact that the government embarked on several strategies aimed…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY A bank deposit insurance scheme (DIS) is a financial guarantee to depositor particularly the small ones, in the event of a bank failure bank deposit insurance scheme developed out of the need…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Inventories are the soul and life wire of any manufacturing organization. It is also regarded as the next most current assets of an establishment after cash at hand or in the bank,…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Globalization is a Universal phenomenon. Globalization has brought a lot of changes to financial industries in the global community and there is an increase in profit on economy through Information Technology (IT)…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY The increasing complexity of business operation and the ever-changing conditions of the business environment social, economic, technology and political factors make it increasingly difficult for a company to consistently earn a profit that…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The Oxford mini-dictionary explains that capital is “accumulated wealth” or “money with which a business is started’ in banking, capital has these two meanings. At the out-set, capital in the form of…
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 OF THE STUDY The establishment of an effective and adequate internal control system is the duty of the management of any enterprise, this assist in the discharge of their responsibility for the prevention and detection…
CHAPTER ONE : INTRODUCTION 1.1 Background of the Study Micro-finance refers to financial services such as cash loans, deposit savings accounts, and insurance made available in relatively small amounts to poorer populations throughout the developing world. Microfinance basically relates to all…
CHAPTER ONE INTRODUCTION 1.1 Background to the Study Over the last decade, our world has changed dramatically due to the growing phenomenon of globalization and revolution in information technology. There is tremendous demand on companies to lower costs, enlarge product…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Information and communication technology is important for the survival of any organization most especially in accounting profession. This is why the entire world now turned to technology to provide solution to economic…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY There is a growing emphasis on the importance of inventory management in the attainment of organizational goal. In manufacturing companies where stock of raw materials and other component parts consists of many…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY This introductory aspect is to provide an insight to the frame upon which the study “Budgeting as a tool of Management Control” is based. Budget has been a vital tool of management…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY The changing complexity of business activities and the ever changing conditions of business environment – social, economic, political and technological advancements make it ever increasingly difficult for an organization to consistently earn…
CHAPTER ONE : INTRODUCTION 1.1 Background of the Study The issue of budgeting and budgetary control in the banking industries has become topical since the bank consolidation; which is changing the capital base from 5 billion to 25 billion. The management…
CHAPTER ONE INTRODUCTION 1.1 Background to the Study The Central Bank of Nigeria (CBN) has in recent times engaged in series of reforms aimed at both making the Nigerian financial system formidable and enhancing the overall economic performance of Nigeria…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Corporate governance is the set of process, customs, policies, laws, and institutions’ affecting the way a corporation was directed, administered or controlled. Corporate governance also includes the relationships among the many stake…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Raising and utilizing funds efficiently and effectively has been a major source of concern to all financial managers both in the corporate World and Public Sector all over the world. The prime…
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The global economy has witnessed one of the most drastic downturns in its financial system since the great depression of the 1930s and the stock market crash in late 1980s. The world…