THE IMPACT OF AUDITING IN CONTOLLING FRUAD AND OTHER FINANCIAL IRREGULARITIES
ABSTRACT
This study by introducing the subject of the project work: the impact of auditing in controlling fraud and other financial irregularities. In chapter one, the researcher gave a domical background to the study, stating the problem, objective, scope, and limitation of the study and went further to define some terms relating to the study. In chapter two the related literature were reviewed, the indebt of the stud and how the auditing can control fraud was reviewed.
Finally, the researchers state his summary. Conclusion and necessary recommendation.
TABLE OF CONTENT
Title page
Dedication
Acknowledgement
Abstract
Table of content
CHAPTER ONE:
1.1 Introduction
1.2 Objective of study
1.3 Significance of study
1.4 Scope of the study
1.5 Limitations of this study
1.6 Definition of terms
CHAPTER TWO:
2.1 Review related to literature
2.2 Emergence of the attested function
2.3 Audit and auditing defined
2.4 Classification of audit 2.5 Who is an auditor
2.6 Auditor approach
2.7 Error fraud and irregularities
2.8 Prevention of fraud
2.9 Audits and internal control
2.1.0 Audit report
CHAPTER THREE
3.1 Summary and conclusion
3.2 Recommendation
3.3 Bibliography
CHAPTER ONE
INTRODUCTION OF THE STUDY
In various public company, the statutory requirement for the management is to present to the owners and other interested parties (creditors, tax authorities, potential investors etc.) a financial statement showing the way and manner in which the resources of the company at the managers disposal has been utilized or managed. This serves as the stewardship function of the management.
However, before this financial statement can be accepted and is published. It must have been certify by an auditor to be the true statement of the affairs of the business. Hence auditing is an independent examination of the financial statement of an organization with a view to expressing an opinion as to whether this statement give a true or false view and comply with the relevant status.
This primary objective of the audit is drive form section 360 of companies and allied matters decree (CAMD) 90 is to find out;
Whether the financial statements shown are true and fair view and comply with the relevant status
Whether the financial statement are in agreement with the records
Whether proper records are being kept under secondary or subsiding object of an audit, which are;
Detection of errors fraud and irregularities
Prevention of fraud and other financial irregularities
This two are also the objective of conducting an audit as it is however the responsibility of the management to control and detect fraud and other irregularities conferred on them by the section 331 of the (CAMD) 90.
Irrespective of the above fact, the editor in the course of auditing is expected to approach this professional opinion with truth and fairness of the financial position as shown by the balance sheet and of the profit or lose as shown by the profit and lose account and any other information required by the law to be disclosed in the financial statement.
In cause of carrying out this above mention duty, the auditor should regencies the responsibility of material misstatement, financial irregularities or fraud which unless adequately disclose distort the result of the state of the affairs shown by the financial statements.
OBJECTIVE OF THE STUDY
1. As earlier stated earlier, the aim of the auditing is to detect fraud and irregularities but also to examine the financial statement presented by the management in order o give an opinion on whether or not the account show a true and fair view of the statement affairs of the business
2. This research is to analyze the extent to which auditing in the course of the above examination can be applied to control fraud or irregularities.
3. It is to examine how report are presented to the management and owners of the business at the end of the audit work bearing in mind the possibility of fraud and irregularity which unless if adequately disclose distort the result or state of affairs as shown by the financial statement.
4. The research work is also directed towards showing the important of audit as regarding fraud and financial irregularities in the organization, (Nigeria coal cooperation Enugu).
5. It is to make indept investigation and recommendation based on the finding to enlighten people on the impact of auditing in the controlling of fraud and financial irregularities.
SIGNIFICANCE OF THE STUDY
This study is significance in the following areas;
a. The academic,
b. The editor
c. The society in general
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
HOW TO IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.
But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.
Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.
No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner
CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.
That you ordered this material shows you have agreed not to copy word-to-word.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
Visit any of my project websites below:
www.easyprojectmaterials.com
www.easyprojectmaterials.com.ng
www.easyprojectmaterial.net
www.easyprojectmaterial.net.ng
www.easyprojectsolutions.com
www.worldofnolimit.com
www.worldofnolimit.com
www.nairaproject.com.ng
www.nairaprojects.com.ng
www.nairaproject.net
www.nairaprojects.net
www.uniproject.com.ng
www.uniprojects.com.ng
Tags: THE IMPACT OF AUDITING IN CONTROLLING FRAUD AND OTHER FINANCIAL IRREGULARITIES
ABSTRACT
This study by introducing the subject of the project work: the impact of auditing in controlling fraud and other financial irregularities. In chapter one, the researcher gave a domical background to the study, stating the problem, objective, scope, and limitation of the study and went further to define some terms relating to the study. In chapter two the related literature were reviewed, the indebt of the stud and how the auditing can control fraud was reviewed.
Finally, the researchers state his summary. Conclusion and necessary recommendation.
TABLE OF CONTENT
Title page
Dedication
Acknowledgement
Abstract
Table of content
CHAPTER ONE:
1.1 Introduction
1.2 Objective of study
1.3 Significance of study
1.4 Scope of the study
1.5 Limitations of this study
1.6 Definition of terms
CHAPTER TWO:
2.1 Review related to literature
2.2 Emergence of the attested function
2.3 Audit and auditing defined
2.4 Classification of audit 2.5 Who is an auditor
2.6 Auditor approach
2.7 Error fraud and irregularities
2.8 Prevention of fraud
2.9 Audits and internal control
2.1.0 Audit report
CHAPTER THREE
3.1 Summary and conclusion
3.2 Recommendation
3.3 Bibliography
CHAPTER ONE
INTRODUCTION OF THE STUDY
In various public company, the statutory requirement for the management is to present to the owners and other interested parties (creditors, tax authorities, potential investors etc.) a financial statement showing the way and manner in which the resources of the company at the managers disposal has been utilized or managed. This serves as the stewardship function of the management.
However, before this financial statement can be accepted and is published. It must have been certify by an auditor to be the true statement of the affairs of the business. Hence auditing is an independent examination of the financial statement of an organization with a view to expressing an opinion as to whether this statement give a true or false view and comply with the relevant status.
This primary objective of the audit is drive form section 360 of companies and allied matters decree (CAMD) 90 is to find out;
Whether the financial statements shown are true and fair view and comply with the relevant status
Whether the financial statement are in agreement with the records
Whether proper records are being kept under secondary or subsiding object of an audit, which are;
Detection of errors fraud and irregularities
Prevention of fraud and other financial irregularities
This two are also the objective of conducting an audit as it is however the responsibility of the management to control and detect fraud and other irregularities conferred on them by the section 331 of the (CAMD) 90.
Irrespective of the above fact, the editor in the course of auditing is expected to approach this professional opinion with truth and fairness of the financial position as shown by the balance sheet and of the profit or lose as shown by the profit and lose account and any other information required by the law to be disclosed in the financial statement.
In cause of carrying out this above mention duty, the auditor should regencies the responsibility of material misstatement, financial irregularities or fraud which unless adequately disclose distort the result of the state of the affairs shown by the financial statements.
OBJECTIVE OF THE STUDY
1. As earlier stated earlier, the aim of the auditing is to detect fraud and irregularities but also to examine the financial statement presented by the management in order o give an opinion on whether or not the account show a true and fair view of the statement affairs of the business
2. This research is to analyze the extent to which auditing in the course of the above examination can be applied to control fraud or irregularities.
3. It is to examine how report are presented to the management and owners of the business at the end of the audit work bearing in mind the possibility of fraud and irregularity which unless if adequately disclose distort the result or state of affairs as shown by the financial statement.
4. The research work is also directed towards showing the important of audit as regarding fraud and financial irregularities in the organization, (Nigeria coal cooperation Enugu).
5. It is to make indept investigation and recommendation based on the finding to enlighten people on the impact of auditing in the controlling of fraud and financial irregularities.
SIGNIFICANCE OF THE STUDY
This study is significance in the following areas;
a. The academic,
b. The editor
c. The society in general
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
HOW TO IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.
But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.
Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.
No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner
CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.
That you ordered this material shows you have agreed not to copy word-to-word.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
Visit any of my project websites below:
www.easyprojectmaterials.com
www.easyprojectmaterials.com.ng
www.easyprojectmaterial.net
www.easyprojectmaterial.net.ng
www.easyprojectsolutions.com
www.worldofnolimit.com
www.worldofnolimit.com
www.nairaproject.com.ng
www.nairaprojects.com.ng
www.nairaproject.net
www.nairaprojects.net
www.uniproject.com.ng
www.uniprojects.com.ng
Tags: THE IMPACT OF AUDITING IN CONTROLLING FRAUD AND OTHER FINANCIAL IRREGULARITIES
THE IMPACT OF ACCOUNTING ON BANK LENDING DECISION
ABSTRACT
This study was embarked upon to ascertain one impact of Accountancy knowledge on bank lending decision. The study has a total of three chapters and first chapter titled the introduction started with preamble. Here on overview of accountancy knowledge on banking industry was undertaken.
The aims and objectives of the study were duly highlighted in chapter one. The aims and objectives of the study includes; to ascertain fairness, information and knowledge made available to bank management, to banking, the extent to which bank management utilized accounting information in lending decisions, it is likely to inform us of avoidance of bad debt in bank management with the use of accounting knowledge in their lending decision to suggest way which usage of accounting knowledge can be made more affective in bank lending system.
And finally, to make recommendation on ways of strengthening the positive contributions of banking sector to the national aconomy. This study’s aim and objectives were duly reflected in the research hypothesis which includes:- The more bank management utilized accounting information in bank transaction, the greater the tendency to make a profitable lending decision, the extent to which bank management use accounting knowledge to determine the extent to which bad debt can be avoided. The more bank officials verify proposal by the beneficiaries, the more the bank make a profitable investment.
Also the significance of the study which include both the theoretical and practical significance explained.
Chapter two included the literature review. Here the earlier works of erudite scholars, theorist and analysts and its relevance to the study were analyzed.
Chapter three is where the findings of the research were highlighted which included, that the accounting knowledge desirable and indispensable in bank lending decision, that the utilization of accounting to a higher percentage leads to profitable investment to the banks than did not employ it. We equally recommended that the study should be undertaken further and that accounting knowledge should be the basis of granting loans if profitable investment is to be made. I also recommended that project proposal should be demanded and verified before credit for them is granted. I finally conclude. The chapters and the project by admonishing on the importance of utilizing the finding of the research.
TABLE OF CONTENT TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
ABSTRACT
TABLE OF CONTENT
CHAPTER ONE
1.0 INSTRODUCTION
1.1 STATEMENT OF THE PROBLEM
1.2 AIMS AND OBJECTIVES OF THE STUDY
1.3 THE SIGNIFICANCE OF THE STUDY
1.4 SCOPE AND LI MITATION OF THE STUDY
1.5 DEFINITION OF TERM
CHAPTER TWO
2.0 LITERATURE REVIEW
2.1 DECISION MAKING AND OVERVIEW
2.2 ACCOUNTIN KNOWLEDGE AND BANKING SERVICES
2.3 THE BANKING SYSTEM AND NATIONAL ECONOMY
2.4 THE ROLE OF ACCOUTING KNOWLEDGE IN BANKING
CHAPTER THREE
3.0 SUMMARY OF FINDING
3.1 DISCUSSION OF FINDING
3.2 CONCLUSION
3.3 RECOMMENDATIONS
BIBLIOGRAPHY
CHAPTER ONE
INTRODUCTION
In any business outfit, be it government or privately moment of decision making present challenges to the executive. Decision taking is the life wire of any organization as the future growth or retardation of the enterprise depends on the soundness of such decision. The decision making process is confronted by a lot of problems.
The dangerous trend in the banking industry has sent a disturbing wave to the national economy. In a rapid reaction to salvage the banking industry and save the economy from collapse; the government enacted the failed degree and established a tribunal to try the formal decision makers n the banks who have contributed to the bank’s failure.
The utilization of accounting knowledge in bank lending decision will make a lot of impact in enhancing bank growth and productivity, the usefulness to the lending decision as it is very useful in all operations in the banks.
Osisima (1990) classified accounting knowledge into three integrated parts, which includes store-keeping knowledge attention directing information and problem.
Also Nwobodo Okafor (1995) classified accounting knowledge into financial accounting system and management accounting system which includes records of profit and loss of the enterprises business activities and financial decision taken by management.
One of the ways bank lend money I through loan and this can be group into short term and long term loan, they advance money to their customers in various categories. Before bank lends money, they will make sure the borrowed money is going to be paid back at the appropriate time. They will also know the purpose in which that money is borrowed before affording it to the customer. Accounting knowledge represents the real life situation of the banks which cannot be ignored in lending.
Because of the importance of accounting knowledge in enhancing bank growth and development, we have decided especially in the era when so many banks are distressed and liquidated. As students of accountancy,
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
HOW TO IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.
But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.
Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.
No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner
CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.
That you ordered this material shows you have agreed not to copy word-to-word.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
Visit any of my project websites below:
www.easyprojectmaterials.com
www.easyprojectmaterials.com.ng
www.easyprojectmaterial.net
www.easyprojectmaterial.net.ng
www.easyprojectsolutions.com
www.worldofnolimit.com
www.worldofnolimit.com
www.nairaproject.com.ng
www.nairaprojects.com.ng
www.nairaproject.net
www.nairaprojects.net
www.uniproject.com.ng
www.uniprojects.com.ng
Tags: THE IMPACT OF ACCOUNTING ON BANK LENDING DECISION
ABSTRACT
This study was embarked upon to ascertain one impact of Accountancy knowledge on bank lending decision. The study has a total of three chapters and first chapter titled the introduction started with preamble. Here on overview of accountancy knowledge on banking industry was undertaken.
The aims and objectives of the study were duly highlighted in chapter one. The aims and objectives of the study includes; to ascertain fairness, information and knowledge made available to bank management, to banking, the extent to which bank management utilized accounting information in lending decisions, it is likely to inform us of avoidance of bad debt in bank management with the use of accounting knowledge in their lending decision to suggest way which usage of accounting knowledge can be made more affective in bank lending system.
And finally, to make recommendation on ways of strengthening the positive contributions of banking sector to the national aconomy. This study’s aim and objectives were duly reflected in the research hypothesis which includes:- The more bank management utilized accounting information in bank transaction, the greater the tendency to make a profitable lending decision, the extent to which bank management use accounting knowledge to determine the extent to which bad debt can be avoided. The more bank officials verify proposal by the beneficiaries, the more the bank make a profitable investment.
Also the significance of the study which include both the theoretical and practical significance explained.
Chapter two included the literature review. Here the earlier works of erudite scholars, theorist and analysts and its relevance to the study were analyzed.
Chapter three is where the findings of the research were highlighted which included, that the accounting knowledge desirable and indispensable in bank lending decision, that the utilization of accounting to a higher percentage leads to profitable investment to the banks than did not employ it. We equally recommended that the study should be undertaken further and that accounting knowledge should be the basis of granting loans if profitable investment is to be made. I also recommended that project proposal should be demanded and verified before credit for them is granted. I finally conclude. The chapters and the project by admonishing on the importance of utilizing the finding of the research.
TABLE OF CONTENT TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
ABSTRACT
TABLE OF CONTENT
CHAPTER ONE
1.0 INSTRODUCTION
1.1 STATEMENT OF THE PROBLEM
1.2 AIMS AND OBJECTIVES OF THE STUDY
1.3 THE SIGNIFICANCE OF THE STUDY
1.4 SCOPE AND LI MITATION OF THE STUDY
1.5 DEFINITION OF TERM
CHAPTER TWO
2.0 LITERATURE REVIEW
2.1 DECISION MAKING AND OVERVIEW
2.2 ACCOUNTIN KNOWLEDGE AND BANKING SERVICES
2.3 THE BANKING SYSTEM AND NATIONAL ECONOMY
2.4 THE ROLE OF ACCOUTING KNOWLEDGE IN BANKING
CHAPTER THREE
3.0 SUMMARY OF FINDING
3.1 DISCUSSION OF FINDING
3.2 CONCLUSION
3.3 RECOMMENDATIONS
BIBLIOGRAPHY
CHAPTER ONE
INTRODUCTION
In any business outfit, be it government or privately moment of decision making present challenges to the executive. Decision taking is the life wire of any organization as the future growth or retardation of the enterprise depends on the soundness of such decision. The decision making process is confronted by a lot of problems.
The dangerous trend in the banking industry has sent a disturbing wave to the national economy. In a rapid reaction to salvage the banking industry and save the economy from collapse; the government enacted the failed degree and established a tribunal to try the formal decision makers n the banks who have contributed to the bank’s failure.
The utilization of accounting knowledge in bank lending decision will make a lot of impact in enhancing bank growth and productivity, the usefulness to the lending decision as it is very useful in all operations in the banks.
Osisima (1990) classified accounting knowledge into three integrated parts, which includes store-keeping knowledge attention directing information and problem.
Also Nwobodo Okafor (1995) classified accounting knowledge into financial accounting system and management accounting system which includes records of profit and loss of the enterprises business activities and financial decision taken by management.
One of the ways bank lend money I through loan and this can be group into short term and long term loan, they advance money to their customers in various categories. Before bank lends money, they will make sure the borrowed money is going to be paid back at the appropriate time. They will also know the purpose in which that money is borrowed before affording it to the customer. Accounting knowledge represents the real life situation of the banks which cannot be ignored in lending.
Because of the importance of accounting knowledge in enhancing bank growth and development, we have decided especially in the era when so many banks are distressed and liquidated. As students of accountancy,
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
HOW TO IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.
But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.
Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.
No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner
CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.
That you ordered this material shows you have agreed not to copy word-to-word.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
Visit any of my project websites below:
www.easyprojectmaterials.com
www.easyprojectmaterials.com.ng
www.easyprojectmaterial.net
www.easyprojectmaterial.net.ng
www.easyprojectsolutions.com
www.worldofnolimit.com
www.worldofnolimit.com
www.nairaproject.com.ng
www.nairaprojects.com.ng
www.nairaproject.net
www.nairaprojects.net
www.uniproject.com.ng
www.uniprojects.com.ng
Tags: THE IMPACT OF ACCOUNTING ON BANK LENDING DECISION
TABLE OF CONTENT
Title page
Approval page
Dedication
Acknowledgment
Table of content
CHAPTER ONE
Introduction
1.1 Background of study
1.2 Definition of terms
1.3 Purpose of study
1.4 Method of study
1.5 Research hypothesis
1.6 Significance of the study
CHAPTER TWO
2.1 Literature review
2.2 Statement of problem
2.3 Historical development of accounting profession in Nigeria
2.4 Prospects of accounting profession
2.5 The impact of changes of the role of the accountant
CHAPTER THREE
Finding, recommendation and conclusion
3.1 Finding
3.2 Conclusion
3.3 Recommendation
References
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND
Accounting is important not because it is a product of its environment, but rather because it shape its environment and plays a significant role in the conduct of economic, social, political legal and organizational decision and action.
In the colonial days, most Nigeria was engaged in agriculture at subsistence level.
Industrial activities were carried out by the very few number of British companies then available. There were therefore hardly any organized major economic activities and the level of economic development was cow. At this period, there was no greater need for the service of Nigeria accountants and as result, there was no established organization of accountant in Nigeria.
Most Nigeria accountant and as a result there was no established organization of accountant because almost all the manufacturing companies then had foreign connection and they recruited their high level manpower from their home country.
Following the advancement in the level of industrialization and its attendant effect on the need for qualified accountant, few Nigerian who qualified with professional bodies oversees came together and formed as association called the association of accountant in Nigeria. The growth of the profession however could be related to the establishment by act of parliament (no 15) 1965 of the institute of chartered accountant of Nigeria (ICAN) the main object of this institute as to regulate entry into the accounting profession by determine the standard of knowledge and skills to be attained by prospective accountant.
This research paper focuses on the growth and prospect of accounting profession in Nigeria. The following related discussion are embodies namely historical development of the accounting. Profession in Nigeria, the roles of the institute of chartered accountant of Nigeria (ICAN) and other related agencies and professional and its changing discussion, and analysis of the growth problem and prospect of the profession in Nigeria is conducted.
Finally, it effects some suggestion and recommendation necessary for rapid growth in the profession in Nigeria.
1.2 DEFINITON OF TERM
Certain terms are used in this research however they are defined in the context used as follow:
Accounting
This may be summarily defined as the process of identifying, measuring and communicating economic information in monetary terms.
Accountant
An accountant is one who is skilled in accounting
Profession
A vocation involving specialized training and knowledge included an under going of a period of tutelage.
ICAN
A recognized body of account in Nigeria established by act no 15 of 1965 and enterested with, the responsibility of determining. Who is qualified to be admitted as a chartered accountant.
NASB
Nigeria accounting standard board formally inaugurated on 9thSeptember, 1982 by ICAN charged with the responsibility for setting account standard which numbers of the profession will adopt in preparing and reporting financial statement to the users.
1.3 PURPOSE OF THE STUDY
Since of economy of Nigeria is a developing one, the emergency of an accounting profession providing services to industry, commerce agriculture and government cannot be over emphasized.
Hence this research study is carried out with the aim of appraising the growth and prospect of accounting profession in Nigeria problem militating against good growth and prospect will be analyzed and solution and recommendation given.
1.4 METHOD OF STUDY
In order to come out with accurate information and do justice to a topic of this nature collection of date form different sources and construction of questionnaire are used. The method of this study is described under the following headings.
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
HOW TO IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.
But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.
Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.
No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner
CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.
That you ordered this material shows you have agreed not to copy word-to-word.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
Visit any of my project websites below:
www.easyprojectmaterials.com
www.easyprojectmaterials.com.ng
www.easyprojectmaterial.net
www.easyprojectmaterial.net.ng
www.easyprojectsolutions.com
www.worldofnolimit.com
www.worldofnolimit.com
www.nairaproject.com.ng
www.nairaprojects.com.ng
www.nairaproject.net
www.nairaprojects.net
www.uniproject.com.ng
www.uniprojects.com.ng
Tags: THE GROWTH AND PROSPECT OF ACCOUNTING PROFESSION IN NIGERIA
TABLE OF CONTENT
Title page
Approval page
Dedication
Acknowledgment
Table of content
CHAPTER ONE
Introduction
1.1 Background of study
1.2 Definition of terms
1.3 Purpose of study
1.4 Method of study
1.5 Research hypothesis
1.6 Significance of the study
CHAPTER TWO
2.1 Literature review
2.2 Statement of problem
2.3 Historical development of accounting profession in Nigeria
2.4 Prospects of accounting profession
2.5 The impact of changes of the role of the accountant
CHAPTER THREE
Finding, recommendation and conclusion
3.1 Finding
3.2 Conclusion
3.3 Recommendation
References
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND
Accounting is important not because it is a product of its environment, but rather because it shape its environment and plays a significant role in the conduct of economic, social, political legal and organizational decision and action.
In the colonial days, most Nigeria was engaged in agriculture at subsistence level.
Industrial activities were carried out by the very few number of British companies then available. There were therefore hardly any organized major economic activities and the level of economic development was cow. At this period, there was no greater need for the service of Nigeria accountants and as result, there was no established organization of accountant in Nigeria.
Most Nigeria accountant and as a result there was no established organization of accountant because almost all the manufacturing companies then had foreign connection and they recruited their high level manpower from their home country.
Following the advancement in the level of industrialization and its attendant effect on the need for qualified accountant, few Nigerian who qualified with professional bodies oversees came together and formed as association called the association of accountant in Nigeria. The growth of the profession however could be related to the establishment by act of parliament (no 15) 1965 of the institute of chartered accountant of Nigeria (ICAN) the main object of this institute as to regulate entry into the accounting profession by determine the standard of knowledge and skills to be attained by prospective accountant.
This research paper focuses on the growth and prospect of accounting profession in Nigeria. The following related discussion are embodies namely historical development of the accounting. Profession in Nigeria, the roles of the institute of chartered accountant of Nigeria (ICAN) and other related agencies and professional and its changing discussion, and analysis of the growth problem and prospect of the profession in Nigeria is conducted.
Finally, it effects some suggestion and recommendation necessary for rapid growth in the profession in Nigeria.
1.2 DEFINITON OF TERM
Certain terms are used in this research however they are defined in the context used as follow:
Accounting
This may be summarily defined as the process of identifying, measuring and communicating economic information in monetary terms.
Accountant
An accountant is one who is skilled in accounting
Profession
A vocation involving specialized training and knowledge included an under going of a period of tutelage.
ICAN
A recognized body of account in Nigeria established by act no 15 of 1965 and enterested with, the responsibility of determining. Who is qualified to be admitted as a chartered accountant.
NASB
Nigeria accounting standard board formally inaugurated on 9thSeptember, 1982 by ICAN charged with the responsibility for setting account standard which numbers of the profession will adopt in preparing and reporting financial statement to the users.
1.3 PURPOSE OF THE STUDY
Since of economy of Nigeria is a developing one, the emergency of an accounting profession providing services to industry, commerce agriculture and government cannot be over emphasized.
Hence this research study is carried out with the aim of appraising the growth and prospect of accounting profession in Nigeria problem militating against good growth and prospect will be analyzed and solution and recommendation given.
1.4 METHOD OF STUDY
In order to come out with accurate information and do justice to a topic of this nature collection of date form different sources and construction of questionnaire are used. The method of this study is described under the following headings.
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OR
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Account Number: 2023350498
Bank: UBA.
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CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.
That you ordered this material shows you have agreed not to copy word-to-word.
FOR MORE INFORMATION, CALL:
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www.easyprojectmaterials.com.ng
www.easyprojectmaterial.net
www.easyprojectmaterial.net.ng
www.easyprojectsolutions.com
www.worldofnolimit.com
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www.nairaproject.com.ng
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www.nairaprojects.net
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Tags: THE GROWTH AND PROSPECT OF ACCOUNTING PROFESSION IN NIGERIA
THE EXTENT OF RELIANCE ON FINANCIAL ACCOUNTING INFORMATION FOR EFFECTIVE BUSINESS AND FINANCIAL DECISION IN CORPORATE ORGANIZATION.
(CASE STUDY OF FIRST BANKS OF NIGERIA PLC )
ABSTRACT
The study was directed towards examining the extent of reliance of financial accounting information for effective business and financial decision in corporate organisation in Nigerian.
(A Case study of First Bank of Nigeria PLC)
In carrying out the examination, Certain problems were identified. These problems included the fact that some business are managed Ineffectively, In their words regardless of the information content of financial statement.
Secondly, some organizations may unknowingly employ Incompetent and unskilled manpower in sourcing financial accounting information.
The objective of the study Include factors which may constrain or promote the effective use of financial accounting information, analysing impact of and roles of financial accounting information ascertaining whether there is a direct relationship between financial accounting information and the decision made in corporate organizations, identifying the information derived from financial accounting, with these objectives in mind, two hypotheses were formulated, the first hypothesis is that financial accounting information has contributed to effective decision making in First Bank of Nigeria PLC and the information content of annual financial statement of the bank is effective.
The descriptive research approach was chosen for this study and both primary and secondary data sources were explored. Two sets of questionnaire were distributed and in analyzing the data generated, simple percentage, statistical tables and chi-square were used.
After data analysis, it was discovered that financial accounting information has contributed of effective decision making in the bank. It was also discovered that the information content of annual financial statement is the organization is effective.
Other findings made include that inconsistent accounting policies and reporting practices make Comparison of the performance of organizations difficult, the level of information given in financial statement is highly reliable.
At the end of the study answers were provided to some basic questions such as:
– How reliable is the level of information in financial statement ?
– The rate of effectiveness of financial accounting information in achieving organizational objectives.
– Whether organizations rely mainly on financial accounting information for making business and financial decision.
TABLE OF CONTENTS
COVER PAGE – – – – – – – i
TITLE PAGE – – – – – – – ii
APPROVAL PAGE – – – – – – iii
DEDICATION – – – – – – iv
ACKNOWLEDGEMENT – – – – – v
ABSTRACT – – – – – – – vi
TABLE OF CONTENTS – – – – – vii
CHAPTER ONE
1.0 INTRODUCTION
1.1 Statement of problems
1.2 Objectives of the Study
1.3 Significance of the study
1.4 Research Hypothesis
1.5 Scope and limitations of the study
1.6 Definitions of terms.
CHAPTER TWO:
2.0 REVIEW OF RELATED OF RELATED LITERATURE
2.1 The nature of accounting Information in First bank of Nigeria Plc.
2.2 Its Financial accounting processes.
2.3 Its accounting Standard
2.4 Its accounting statement
2.4.1Balance sheet
2.4.2 Income statement
2.4.3 Analysis of Financial Statement
2.5 Financial accounting Information and decision making in first bank of Nigeria.
2.6 The nature of decision making.
2.6.1Classification of decision making process in first bank of Nigeria Plc.
2.6.2 Level of information available for decision making in first Bank of Nig Plc.
2.6.3 Effective decision making
2.7 Accounting as language of Business
2.7.1 Users of Accounting information
2.7.2 Characteristics of good information
2.8 Basic Accounting Concepts.
2.9 The Financial Accounting Branch.
CHAPTER THREE
3.0 RESEARCH DESIGN AND METHODOLOGY
3.1 Introduction
3.2 Sources of data
3.2.1 Primary data sources
3.3.2 Secondary data sources
3.3 Research methodology of approach
3.4 Research instruments
3.5 Sample selections
3.5.1 Statistical determination of sample size.
3.6 Method of questionnaire allocation.
3.6.1 Allocation of questionnaire among First Bank of Nig. Plc for managers.
3.7 Contact Method.
3.8 Method of data analysis
3.9 Method testing hypothesis
3.10 Decision rule.
REFERENCES
CHAPTER FOUR
4.0 PRESENTATION ANALYSIS AND COMPUTATION OF DATA.
4.1 Introduction
4.2 Allocation and rate of returns of questionnaire
4.3 Analysis of data from questionnaire
4.4 Interpretation of results
4.5 Testing of hypothesis
CHAPTER FIVE
5.0 SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION
5.2 Summary of findings
5.3 Conclusion
5.4 Recommendation
Appendices
Shareholders questionnaire
Bibliography.
CHAPTER ONE
1.0 INTRODUCTION
Accounting is the recording, classifying and interpreting financial data relating to a particular organisation or person. (Aspinall, 1970:37).
Accounting has one or more of the following objects
1. The maintenance of a classified records d cash debtors and other property, of creditors and of changes in them.
2. The maintenance of a record of transactions classified to show gains or losses resulting from the various activities.
3. The periodic preparation of statements summarizing the economic results of the activities and the financial position.
4. The use of such statements, by the management of an Undertaking to assist them in the conduct f its business by the proprietors to assist them in assessing the efficiency of the management and in determing policy with regards to further Investment and the withdrawal of profit, and by the government in determing tax liability.
The owners of any business naturally wishes to run their business as efficiently as possible in order to be able to do this, accounting information is kept. These accounting information enable the owner of the business to make Comparisons of the amount of each cost and each expense, it also services as a guide to business and financial decisions.
Accountants are responsible for preparing financial accounting information. Some of these accountant exercise their profession as the employees of Commercial Industrial and public practice of accountancy.
The financial accounting Information prepared by accountants are of quantitative nature because it is usually
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
HOW TO IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.
But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.
Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.
No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner
CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.
That you ordered this material shows you have agreed not to copy word-to-word.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
Visit any of my project websites below:
www.easyprojectmaterials.com
www.easyprojectmaterials.com.ng
www.easyprojectmaterial.net
www.easyprojectmaterial.net.ng
www.easyprojectsolutions.com
www.worldofnolimit.com
www.worldofnolimit.com
www.nairaproject.com.ng
www.nairaprojects.com.ng
www.nairaproject.net
www.nairaprojects.net
www.uniproject.com.ng
www.uniprojects.com.ng
Tags: THE EXTENT OF RELIANCE ON FINANCIAL ACCOUNTING INFORMATION FOR EFFECTIVE BUSINESS AND FINANCIAL DECISION IN CORPORATE ORGANIZATION. (CASE STUDY OF FIRST BANKS OF NIGERIA PLC )
ABSTRACT
The study was directed towards examining the extent of reliance of financial accounting information for effective business and financial decision in corporate organisation in Nigerian.
(A Case study of First Bank of Nigeria PLC)
In carrying out the examination, Certain problems were identified. These problems included the fact that some business are managed Ineffectively, In their words regardless of the information content of financial statement.
Secondly, some organizations may unknowingly employ Incompetent and unskilled manpower in sourcing financial accounting information.
The objective of the study Include factors which may constrain or promote the effective use of financial accounting information, analysing impact of and roles of financial accounting information ascertaining whether there is a direct relationship between financial accounting information and the decision made in corporate organizations, identifying the information derived from financial accounting, with these objectives in mind, two hypotheses were formulated, the first hypothesis is that financial accounting information has contributed to effective decision making in First Bank of Nigeria PLC and the information content of annual financial statement of the bank is effective.
The descriptive research approach was chosen for this study and both primary and secondary data sources were explored. Two sets of questionnaire were distributed and in analyzing the data generated, simple percentage, statistical tables and chi-square were used.
After data analysis, it was discovered that financial accounting information has contributed of effective decision making in the bank. It was also discovered that the information content of annual financial statement is the organization is effective.
Other findings made include that inconsistent accounting policies and reporting practices make Comparison of the performance of organizations difficult, the level of information given in financial statement is highly reliable.
At the end of the study answers were provided to some basic questions such as:
– How reliable is the level of information in financial statement ?
– The rate of effectiveness of financial accounting information in achieving organizational objectives.
– Whether organizations rely mainly on financial accounting information for making business and financial decision.
TABLE OF CONTENTS
COVER PAGE – – – – – – – i
TITLE PAGE – – – – – – – ii
APPROVAL PAGE – – – – – – iii
DEDICATION – – – – – – iv
ACKNOWLEDGEMENT – – – – – v
ABSTRACT – – – – – – – vi
TABLE OF CONTENTS – – – – – vii
CHAPTER ONE
1.0 INTRODUCTION
1.1 Statement of problems
1.2 Objectives of the Study
1.3 Significance of the study
1.4 Research Hypothesis
1.5 Scope and limitations of the study
1.6 Definitions of terms.
CHAPTER TWO:
2.0 REVIEW OF RELATED OF RELATED LITERATURE
2.1 The nature of accounting Information in First bank of Nigeria Plc.
2.2 Its Financial accounting processes.
2.3 Its accounting Standard
2.4 Its accounting statement
2.4.1Balance sheet
2.4.2 Income statement
2.4.3 Analysis of Financial Statement
2.5 Financial accounting Information and decision making in first bank of Nigeria.
2.6 The nature of decision making.
2.6.1Classification of decision making process in first bank of Nigeria Plc.
2.6.2 Level of information available for decision making in first Bank of Nig Plc.
2.6.3 Effective decision making
2.7 Accounting as language of Business
2.7.1 Users of Accounting information
2.7.2 Characteristics of good information
2.8 Basic Accounting Concepts.
2.9 The Financial Accounting Branch.
CHAPTER THREE
3.0 RESEARCH DESIGN AND METHODOLOGY
3.1 Introduction
3.2 Sources of data
3.2.1 Primary data sources
3.3.2 Secondary data sources
3.3 Research methodology of approach
3.4 Research instruments
3.5 Sample selections
3.5.1 Statistical determination of sample size.
3.6 Method of questionnaire allocation.
3.6.1 Allocation of questionnaire among First Bank of Nig. Plc for managers.
3.7 Contact Method.
3.8 Method of data analysis
3.9 Method testing hypothesis
3.10 Decision rule.
REFERENCES
CHAPTER FOUR
4.0 PRESENTATION ANALYSIS AND COMPUTATION OF DATA.
4.1 Introduction
4.2 Allocation and rate of returns of questionnaire
4.3 Analysis of data from questionnaire
4.4 Interpretation of results
4.5 Testing of hypothesis
CHAPTER FIVE
5.0 SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION
5.2 Summary of findings
5.3 Conclusion
5.4 Recommendation
Appendices
Shareholders questionnaire
Bibliography.
CHAPTER ONE
1.0 INTRODUCTION
Accounting is the recording, classifying and interpreting financial data relating to a particular organisation or person. (Aspinall, 1970:37).
Accounting has one or more of the following objects
1. The maintenance of a classified records d cash debtors and other property, of creditors and of changes in them.
2. The maintenance of a record of transactions classified to show gains or losses resulting from the various activities.
3. The periodic preparation of statements summarizing the economic results of the activities and the financial position.
4. The use of such statements, by the management of an Undertaking to assist them in the conduct f its business by the proprietors to assist them in assessing the efficiency of the management and in determing policy with regards to further Investment and the withdrawal of profit, and by the government in determing tax liability.
The owners of any business naturally wishes to run their business as efficiently as possible in order to be able to do this, accounting information is kept. These accounting information enable the owner of the business to make Comparisons of the amount of each cost and each expense, it also services as a guide to business and financial decisions.
Accountants are responsible for preparing financial accounting information. Some of these accountant exercise their profession as the employees of Commercial Industrial and public practice of accountancy.
The financial accounting Information prepared by accountants are of quantitative nature because it is usually
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
HOW TO IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.
But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.
Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.
No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner
CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.
That you ordered this material shows you have agreed not to copy word-to-word.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
Visit any of my project websites below:
www.easyprojectmaterials.com
www.easyprojectmaterials.com.ng
www.easyprojectmaterial.net
www.easyprojectmaterial.net.ng
www.easyprojectsolutions.com
www.worldofnolimit.com
www.worldofnolimit.com
www.nairaproject.com.ng
www.nairaprojects.com.ng
www.nairaproject.net
www.nairaprojects.net
www.uniproject.com.ng
www.uniprojects.com.ng
Tags: THE EXTENT OF RELIANCE ON FINANCIAL ACCOUNTING INFORMATION FOR EFFECTIVE BUSINESS AND FINANCIAL DECISION IN CORPORATE ORGANIZATION. (CASE STUDY OF FIRST BANKS OF NIGERIA PLC )
THE EVOLUTION OF NIGERIA’S MONETARY POLICY AND ITS PERFORMANCE SINCE THE EARLY1980’S,
ABSTRACT
This project has traced the evolution of Nigeria’s monetary policy and its performance since the early1980’s, to provide a background to the reviews; it discussed same theoretical aspects of monetary management. On the theoretical aspect it reviewed the concepts of monetary management, the objective of monetary policy and the instruments of monetary policy.
The highlights of the Nigeria economy of the 1970’s were the growing importance of oil, the expending role of the public sector in the economy and the large dependable on the external sector. Despite the family impression economic performance of the period, some economic problem such as growing fiscal pressures, assumed more serious dimensions. In the prevailing circumstances, monetary central framework and the large divergence of fiscal operation from the set monetary and credit targets.
The oil boom of the 1970’s come to an end in the early 1980’s. Consequently, the development strategies, which were considered appropriate during that period, became inappropriate under the environment characterized by substantial reduction in oil import earnings and revenue. Rigorous economic controls were mounted to stain the determination in the general framework. Monetary policy applied more vigorously the credit ceiling. Selective credit controls and regulating on interest rates.
The currently problem of monetary policy were largely a carryover from the previous decade and these included the apparent inefficiencies of the monetary control framework based on direct instrument and government fiscal operations especially the increased financing of fiscal deficit by the central bank.
Monetary policy, though having the same over all objectives as before was employed to play a unique role in restore my economic stability. In order to reduce credit expansion by banks, credit certings were reduced and backed up liquidity mopping measures such as the withdrawal of all deposits on outstanding external payment arrears and public sector deposits from the bank in 1986 and 1989 respectively, the sectional credit flexibility in their credit operation, which in August 1987 all controls on interest rates changed by banks were removed.
Despite the good intentions of monetary management domestic liquidity expand substantially during the period, especially in 1988 and the main source of increase in aggregate bank credit to the economy. Similarly, banks performance with regards to credit certings and sectoral credit guidelines was very poor.
Full economic recovery could not be achieved within the short span of the SAP, even though its impact in light of the monetary development was to some extent positive in relation terms. Nevertheless, the problems of monetary policy appeared to have persisted in so far as the fundamental causes had not been removed. The monetary targets were not being achieved, been used over time it become more difficult to enforce compliance particularly as frequent changes were made in the composition of credit and timely data were not usually available.
Above all, monetary policy did not achieve the type of synchronization with fiscal policy as envisaged in the monetary control framework. When fiscal operations deviated from the targets monetary developments could not uphold the underlying assumptions and hence domestic price stability and external equilibrium, which are important objective of monetary policy could be assured.
Under these circumstances, a deliberate attempt would have to be made to improve the efficiency of monetary policy in the 1990’s. Towards this general direction, the
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
HOW TO IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.
But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.
Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.
No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner
CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.
That you ordered this material shows you have agreed not to copy word-to-word.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
Visit any of my project websites below:
www.easyprojectmaterials.com
www.easyprojectmaterials.com.ng
www.easyprojectmaterial.net
www.easyprojectmaterial.net.ng
www.easyprojectsolutions.com
www.worldofnolimit.com
www.worldofnolimit.com
www.nairaproject.com.ng
www.nairaprojects.com.ng
www.nairaproject.net
www.nairaprojects.net
www.uniproject.com.ng
www.uniprojects.com.ng
Tags: THE EVOLUTION OF NIGERIA’S MONETARY POLICY AND ITS PERFORMANCE SINCE THE EARLY 1980’S
ABSTRACT
This project has traced the evolution of Nigeria’s monetary policy and its performance since the early1980’s, to provide a background to the reviews; it discussed same theoretical aspects of monetary management. On the theoretical aspect it reviewed the concepts of monetary management, the objective of monetary policy and the instruments of monetary policy.
The highlights of the Nigeria economy of the 1970’s were the growing importance of oil, the expending role of the public sector in the economy and the large dependable on the external sector. Despite the family impression economic performance of the period, some economic problem such as growing fiscal pressures, assumed more serious dimensions. In the prevailing circumstances, monetary central framework and the large divergence of fiscal operation from the set monetary and credit targets.
The oil boom of the 1970’s come to an end in the early 1980’s. Consequently, the development strategies, which were considered appropriate during that period, became inappropriate under the environment characterized by substantial reduction in oil import earnings and revenue. Rigorous economic controls were mounted to stain the determination in the general framework. Monetary policy applied more vigorously the credit ceiling. Selective credit controls and regulating on interest rates.
The currently problem of monetary policy were largely a carryover from the previous decade and these included the apparent inefficiencies of the monetary control framework based on direct instrument and government fiscal operations especially the increased financing of fiscal deficit by the central bank.
Monetary policy, though having the same over all objectives as before was employed to play a unique role in restore my economic stability. In order to reduce credit expansion by banks, credit certings were reduced and backed up liquidity mopping measures such as the withdrawal of all deposits on outstanding external payment arrears and public sector deposits from the bank in 1986 and 1989 respectively, the sectional credit flexibility in their credit operation, which in August 1987 all controls on interest rates changed by banks were removed.
Despite the good intentions of monetary management domestic liquidity expand substantially during the period, especially in 1988 and the main source of increase in aggregate bank credit to the economy. Similarly, banks performance with regards to credit certings and sectoral credit guidelines was very poor.
Full economic recovery could not be achieved within the short span of the SAP, even though its impact in light of the monetary development was to some extent positive in relation terms. Nevertheless, the problems of monetary policy appeared to have persisted in so far as the fundamental causes had not been removed. The monetary targets were not being achieved, been used over time it become more difficult to enforce compliance particularly as frequent changes were made in the composition of credit and timely data were not usually available.
Above all, monetary policy did not achieve the type of synchronization with fiscal policy as envisaged in the monetary control framework. When fiscal operations deviated from the targets monetary developments could not uphold the underlying assumptions and hence domestic price stability and external equilibrium, which are important objective of monetary policy could be assured.
Under these circumstances, a deliberate attempt would have to be made to improve the efficiency of monetary policy in the 1990’s. Towards this general direction, the
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
HOW TO IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.
But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.
Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.
No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner
CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project. Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.
That you ordered this material shows you have agreed not to copy word-to-word.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
Visit any of my project websites below:
www.easyprojectmaterials.com
www.easyprojectmaterials.com.ng
www.easyprojectmaterial.net
www.easyprojectmaterial.net.ng
www.easyprojectsolutions.com
www.worldofnolimit.com
www.worldofnolimit.com
www.nairaproject.com.ng
www.nairaprojects.com.ng
www.nairaproject.net
www.nairaprojects.net
www.uniproject.com.ng
www.uniprojects.com.ng
Tags: THE EVOLUTION OF NIGERIA’S MONETARY POLICY AND ITS PERFORMANCE SINCE THE EARLY 1980’S
