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Author(s):
Editor in Chief..
Page No :
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African Journal of Accounting and Financial Research, Volume 1 Issue 1, Full Issue
Abstract
African Journal of Accounting and Financial Research, Volume 1 Issue 1, Full Issue
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Author(s):
Harley Tega Williams, Akinola Abisola Titilayo.
Page No : 1-8
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The Impact Of Capital Flows On Financial System Stability In Nigeria
Abstract
The impact of capital flows on the financial system stability of the Nigeria economy was carried out using data from 1987 to 2017. This study attempted to find out the casual relationship between financial system stability variables and capital flows in Nigeria. The impact of financial stability on capital flows prompted the researchers to undertake this study so as to establish a linear relationship between foreign direct investment and other financial stability variables. The theoretical framework of risk was applied and the model specification variables and methodology applied in this study may have been overlooked by previous studies in Nigeria. The study found out that credit to private sector negatively affect foreign direct investment. The coefficient of determination in the study was high indicating that the explanatory variables (financial system stability variables) are captured by the capital flows variable (FDI). The study therefore recommends that the Nigeria government should adjust the model for credit to private sector so as to have a positive relationship with capital flows.
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Author(s):
Dr L. B. Ajayi, Mrs. O. G. Obisesan.
Page No : 9-18
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Effect of Merchant Bank Operation on Economic Development in Nigeria
Abstract
This study investigates the operation of merchant bank on economic development in Nigeria. The data used in this study were collected from the period of 2010 to 2015. Augmented Dickey Fuller (ADF) and Philip Perron unit root test, ordinary least square and granger causality test have been used. Unit root test confirms the stationary of all variables at first difference. Regression results indicate that deposits, investments, advances, profitability and interest earnings have significant positive impact on economic development in Nigeria. The Granger-Causality test confirms the bidirectional causal relationship of deposits, advances and profitability with economic growth. On the other side we found unidirectional causal relationship of investments and interest earnings with economic growth runs from investments and interest earnings to economic growth. It is recommended that the policy makers should make policies to enhance the banking sector in Nigeria because banking sector is significantly contributing to the economic development in Nigeria.
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Author(s):
Dauda Ibrahim Adagye, Suleiman Bashir Abubakar.
Page No : 19-32
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Developments in Accounting Education and Research: The Environmental Accounting – An Insight
Abstract
The growing concern of civil society and the general public regarding companies’ environmental impacts creates a demand for measuring, monitoring, and screening, comparing and benchmarking the environmental performance of companies. Various approaches to this effect are used by companies; these approaches could be unambiguously regarded as a factor which, in the present conditions, influences prosperity of the company. The paper examined the overall concept of Environmental Accounting and as well identifies the specific companies’ approach to it. The study used the exploratory research designed to explain and highlight the importance of the concept of environmental accounting and the various approaches adopted by companies to recognize it. Secondary sources of data were employed; and very recent important literatures on environmental accounting were used to achieve the objective of the study. The research concluded that, Environmental accounting is an important tool for understanding the values and roles played by the natural environment in the economy. It recommended that pragmatic efforts should be taken by individual firms and companies, civil societies and organizations, regulatory bodies, policy makers and professional accounting bodies to ensure that environmental accounting is properly introduced, recognized and included in final accounting and financial statements needed by users of such information, which will go a long way in addressing the resources shortages needed to address the enormous problems and costs imposed by pollution and resources degradation.
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Author(s):
Cordelia Onyinyechi Omodero.
Page No : 33-48
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Impact of Revenue Fiscal Decentralization on Consumption Cost in Nigeria
Abstract
The paper considers the impact of revenue fiscal decentralization on cost of living in Nigeria using annual time series data that covered a period from 1981-2017. The specific objective is to determine the influence revenue allocations to federal, state, local governments and Niger Delta States derivation have on consumption cost. Ordinary Least Squares (OLS) method was employed to perform the multi-regression analysis with the aid of SPSS version 20. The findings revealed that revenue allocation to the federal government (FAFG) exerts significant negative influence on consumer price index (CPI i.e. proxy for consumption cost). On the contrast, revenue allocations to state (FASG), local governments (FALG) and derivation allowance to the Niger Delta States (DRVN) have significant positive impact on CPI. The study confirms the theory of fiscal decentralization and recommends that more revenue should be allocated to state and local governments, since they are in a better position than the federal government to attend to the needs of the citizenry through delivery of public goods and services at little or no cost.
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Author(s):
Sylvester Umbugadu Aku, Affiru Anyuabuga Stephen, Mrs. Chritiana L.I. Tanze.
Page No : 49-60
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Financial Management and Reporting System of Trade Unions of Tertiary Institutions in Nasarawa State
Abstract
Financial management and reporting form the basis by which the performance of any organization is assessed with the trade unions inclusive. This paper takes a look at the financial management and reporting of trade unions of tertiary institutions in Nasarawa State. The paper focused on how financial records are prepared, presented and how finances are managed by the leaders of such unions. Primary data collected through questionnaire were used. It was discovered that the trade unions financial reports contribute to the growth and development of union members’ demands. The paper suggests that Trade unions have to be prudent and exhibit cost effectiveness in dealing with their members’ funds.
