Budgeting is an indispensable tool in the hospitality industry-which has profit maximization as its goal and this can only be realized when resources are properly planned and controlled with the required commitment and expertise. Hotel accommodation in Nigeria is facilitated mostly by the corporate sector, with booking for conferences and meetings demand being highest. Whilst there has been rapid growth in the Nigerian hotel industry in the last decade, it is still in its infancy as the National Bureau for Statistics (2013) posited that the hotels and restaurant sub-sector contributes a mere 0.55 per cent to the Gross Domestic product (GDP). However, the major reason for this insignificant contribution to the GDP has been linked to poor budgeting process and internal control within the players in the industry. This paper therefore researched into the role of budget and budgetary control on organizational performance: a case study of Tahir Guest Palace, Kano. The study made use of both the primary and the secondary data. The instrument for the collection of the primary data was the questionnaire administered, while the secondary data was obtained via the financial statements of Tahir Guest Palace from 2007-2012. A total of 278 staff was sampled using the purposive sampling technique, and data obtained was subjected to regression analysis.Result revealed that budget administration, budget target setting and budget process all have significant impact on organizational performance. The research work therefore, recommend that; (i) the top level management of Tahir guest palace should maintain appropriate standard on budget administration and preparation, and budget process. Specifically, the use of the current budget process on previous budget performance should be emphasized in measuring performance year in year out, as this will enable the management to monitor the organizational growth and or performance as budgeted; (ii) the staff of various cadres at Tahir guest palace should also be allowed to participate in the budget target setting and process to further enhance the organizational performance. If the above recommendations are implemented it will not only increase the organizational performance of Tahir Guest Palace but will also lead to increase in subordinates efforts and task performance.
Bài tập kế toán quản trị có lời giải, đáp án, bao gồm cả các bài tập kế toán quản trị chi phí và tình giá thành. Xem thêm lời giải chi tiết tại http://khoaketoanthue.com/
1 GIỚI THIỆU ................................................................................................................ 4
2 NHẬP DỮLIỆU ......................................................................................................... 5
3 BỘCÔNG CỤDATA ANALYSIS TOOLPACT ...................................................... 5
4 THỐNG KÊ MÔ TẢ................................................................................................... 6
5 PHÂN PHỐI CHUẨN* ............................................................................................... 8
6 XÂY DỰNG KHOẢNG TIN CẬY CHO TRUNG BÌNH TỔNG THỂ.................. 12
6.1 Khi qui mô của mẫu thống kê lớn (n lớn hơn 30) .............................................. 12
6.2 Mẫu nhỏ(ít hơn 30 quan sát) ............................................................................. 15
7 KIỂM ĐỊNH GIẢTHUYẾT VỀTRUNG BÌNH TỔNG THỂ................................ 16
8 KIỂM ĐỊNH SỰKHÁC BIỆT GIỮA HAI TRUNG BÌNH TỔNG THỂ................ 18
8.1 Mẫu lớn: ............................................................................................................. 18
8.2 Mẫu nhỏ: Một trong hai mẫu có sốlượng các quan sát nhỏhơn 30. ................. 22
9 TƯƠNG QUAN TUYẾN TÍNH VÀ PHÂN TÍCH HỒI QUI* ................................ 26
9.1 Phân tích tương quan tuyến tính ......................................................................... 27
9.2 Phân tích hồi qui ................................................................................................. 29
Bài tập kế toán quản trị có lời giải, đáp án, bao gồm cả các bài tập kế toán quản trị chi phí và tình giá thành. Xem thêm lời giải chi tiết tại http://khoaketoanthue.com/
1 GIỚI THIỆU ................................................................................................................ 4
2 NHẬP DỮLIỆU ......................................................................................................... 5
3 BỘCÔNG CỤDATA ANALYSIS TOOLPACT ...................................................... 5
4 THỐNG KÊ MÔ TẢ................................................................................................... 6
5 PHÂN PHỐI CHUẨN* ............................................................................................... 8
6 XÂY DỰNG KHOẢNG TIN CẬY CHO TRUNG BÌNH TỔNG THỂ.................. 12
6.1 Khi qui mô của mẫu thống kê lớn (n lớn hơn 30) .............................................. 12
6.2 Mẫu nhỏ(ít hơn 30 quan sát) ............................................................................. 15
7 KIỂM ĐỊNH GIẢTHUYẾT VỀTRUNG BÌNH TỔNG THỂ................................ 16
8 KIỂM ĐỊNH SỰKHÁC BIỆT GIỮA HAI TRUNG BÌNH TỔNG THỂ................ 18
8.1 Mẫu lớn: ............................................................................................................. 18
8.2 Mẫu nhỏ: Một trong hai mẫu có sốlượng các quan sát nhỏhơn 30. ................. 22
9 TƯƠNG QUAN TUYẾN TÍNH VÀ PHÂN TÍCH HỒI QUI* ................................ 26
9.1 Phân tích tương quan tuyến tính ......................................................................... 27
9.2 Phân tích hồi qui ................................................................................................. 29
Nhận viết luận văn đại học, thạc sĩ trọn gói, chất lượng, LH ZALO=>0909232620
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Download luận văn thạc sĩ ngành quản trị kinh doanh với đề tài: Thu hút khách du lịch quốc tế: Nghiên cứu cho trường hợp Việt Nam, cho các bạn làm luận văn tham khảo
Nhận viết luận văn đại học, thạc sĩ trọn gói, chất lượng, LH ZALO=>0909232620
Tham khảo dịch vụ, bảng giá tại: https://baocaothuctap.net
Download luận án tóm tắt ngành quản trị kinh doanh với đề tài: Nghiên cứu năng lực cạnh tranh của điểm đến du lịch Thừa Thiên Huế, Việt Nam, cho các bạn làm luận án tham khảo
đánh giá hoạt động kinh doanh của hệ thống nhà hàng KFC Việt Nam và rút ra bà...hieu anh
Nhận thức được tính cấp thiết của vấn đề, cùng với mong muốn áp dụng những lý thuyết được học trong nhà trường, em chọn vấn đề: " đánh giá hoạt động kinh doanh của hệ thống nhà hàng KFC Việt Nam và rút ra bài học kinh nghiệm trong kinh doanh đồ ăn nhanh " làm chủ đề cho đề án môn học của mình.
NGHIÊN CỨU CÁC NHÂN TỐ ẢNH HƯỞNG ĐẾN QUYẾT ĐỊNH LỰA CHỌN ĐIỂM ĐẾN CỦA KHÁCH DU LỊCH HÀN QUỐC: TRƯỜNG HỢP ĐIỂM ĐẾN MIỀN TRUNG VIỆT NAM
Website: Vietthuewriter.com
Khóa luận tốt nghiệp Quản trị kinh doanh: Nghiên cứu hành vi mua sắm trực tuyến của người tiêu dùng đối với sản phẩm quà tặng cho các bạn làm luận văn tham khảo
Incoterms 2020 - NHỮNG THAY ĐỔI CHÍNH TRONG INCOTERMS 2020 CÓ HIỆU LỰC TỪ 01/...Doan Tran Ngocvu
Dự thảo Incoterms® 2020
1. Loại bỏ EXW, DDP
2. Loại bỏ/ sửa FAS
3. Mở rộng FCA
4. FOB, CFR, CIF cho hàng container
5. Incoterm mới: CNI
6. 02 Incoterms 2020 trên cơ sở DDP
7. Một số đề xuất khác
Loại bỏ EXW, DDP
EXW: ít kinh nghiệm xuất khẩu
DDP: mẫu, phụ tùng thay thế
Nội địa
Customs Code of the European Union
Loại bỏ/ sửa FAS
Giữa FCA và FOB:
Điểm tập kết (cầu cảng): FCA
Trên tàu: FOB
FAS:
tàu đến chậm: hàng chờ tại cầu cảng
tàu đến sớm: hàng chưa có
Ít sử dụng: nguyên liệu (khoáng sản và ngũ cốc)
Mở rộng FCA
Sử dụng phổ biến (40% giao dịch): linh hoạt
02 Incoterms FCA
giao hàng trong đất liền
giao hàng đường biển
FOB, CFR, CIF cho hàng container
Incoterms 2010- container
FOB, CFR, CIF => FCA, CPT, CIP
FOB, CFR, CIF- container: phổ biến. Lâu đời, 80% thương mại thế giới
02 Incoterms 2020 trên cơ sở DDP
DTP (Delivered at Terminal Paid): giao tại điểm tập kết đã thông quan.
DPP (Delivered at Place Paid): giao ngoài điểm tập kết đã thông quan
The document discusses budgetary control and flexible budgets. It defines budgetary control as the establishment of budgets relating to executive responsibilities and requirements of policy, with the continuous comparison of actual to budgeted results to ensure objectives are met or require revision. Flexible budgets vary based on activity levels, like preparing budgets for production of 7,000 and 9,000 units based on variable and fixed cost schedules. Budgetary control involves planning, coordination, communication, and control to improve overall efficiency.
The document discusses various types of budgets used in budgetary control including: sales, production, cost of production, purchase, personnel, R&D, capital expenditure, cash, master, fixed, flexible, and zero-base budgets. It also discusses capital budgeting techniques for evaluating investment proposals including payback period, accounting rate of return, net present value, profitability index, and internal rate of return.
Nhận viết luận văn đại học, thạc sĩ trọn gói, chất lượng, LH ZALO=>0909232620
Tham khảo dịch vụ, bảng giá tại: https://vietbaitotnghiep.com/dich-vu-viet-thue-luan-van
Download luận văn thạc sĩ ngành quản trị kinh doanh với đề tài: Thu hút khách du lịch quốc tế: Nghiên cứu cho trường hợp Việt Nam, cho các bạn làm luận văn tham khảo
Nhận viết luận văn đại học, thạc sĩ trọn gói, chất lượng, LH ZALO=>0909232620
Tham khảo dịch vụ, bảng giá tại: https://baocaothuctap.net
Download luận án tóm tắt ngành quản trị kinh doanh với đề tài: Nghiên cứu năng lực cạnh tranh của điểm đến du lịch Thừa Thiên Huế, Việt Nam, cho các bạn làm luận án tham khảo
đánh giá hoạt động kinh doanh của hệ thống nhà hàng KFC Việt Nam và rút ra bà...hieu anh
Nhận thức được tính cấp thiết của vấn đề, cùng với mong muốn áp dụng những lý thuyết được học trong nhà trường, em chọn vấn đề: " đánh giá hoạt động kinh doanh của hệ thống nhà hàng KFC Việt Nam và rút ra bài học kinh nghiệm trong kinh doanh đồ ăn nhanh " làm chủ đề cho đề án môn học của mình.
NGHIÊN CỨU CÁC NHÂN TỐ ẢNH HƯỞNG ĐẾN QUYẾT ĐỊNH LỰA CHỌN ĐIỂM ĐẾN CỦA KHÁCH DU LỊCH HÀN QUỐC: TRƯỜNG HỢP ĐIỂM ĐẾN MIỀN TRUNG VIỆT NAM
Website: Vietthuewriter.com
Khóa luận tốt nghiệp Quản trị kinh doanh: Nghiên cứu hành vi mua sắm trực tuyến của người tiêu dùng đối với sản phẩm quà tặng cho các bạn làm luận văn tham khảo
Incoterms 2020 - NHỮNG THAY ĐỔI CHÍNH TRONG INCOTERMS 2020 CÓ HIỆU LỰC TỪ 01/...Doan Tran Ngocvu
Dự thảo Incoterms® 2020
1. Loại bỏ EXW, DDP
2. Loại bỏ/ sửa FAS
3. Mở rộng FCA
4. FOB, CFR, CIF cho hàng container
5. Incoterm mới: CNI
6. 02 Incoterms 2020 trên cơ sở DDP
7. Một số đề xuất khác
Loại bỏ EXW, DDP
EXW: ít kinh nghiệm xuất khẩu
DDP: mẫu, phụ tùng thay thế
Nội địa
Customs Code of the European Union
Loại bỏ/ sửa FAS
Giữa FCA và FOB:
Điểm tập kết (cầu cảng): FCA
Trên tàu: FOB
FAS:
tàu đến chậm: hàng chờ tại cầu cảng
tàu đến sớm: hàng chưa có
Ít sử dụng: nguyên liệu (khoáng sản và ngũ cốc)
Mở rộng FCA
Sử dụng phổ biến (40% giao dịch): linh hoạt
02 Incoterms FCA
giao hàng trong đất liền
giao hàng đường biển
FOB, CFR, CIF cho hàng container
Incoterms 2010- container
FOB, CFR, CIF => FCA, CPT, CIP
FOB, CFR, CIF- container: phổ biến. Lâu đời, 80% thương mại thế giới
02 Incoterms 2020 trên cơ sở DDP
DTP (Delivered at Terminal Paid): giao tại điểm tập kết đã thông quan.
DPP (Delivered at Place Paid): giao ngoài điểm tập kết đã thông quan
The document discusses budgetary control and flexible budgets. It defines budgetary control as the establishment of budgets relating to executive responsibilities and requirements of policy, with the continuous comparison of actual to budgeted results to ensure objectives are met or require revision. Flexible budgets vary based on activity levels, like preparing budgets for production of 7,000 and 9,000 units based on variable and fixed cost schedules. Budgetary control involves planning, coordination, communication, and control to improve overall efficiency.
The document discusses various types of budgets used in budgetary control including: sales, production, cost of production, purchase, personnel, R&D, capital expenditure, cash, master, fixed, flexible, and zero-base budgets. It also discusses capital budgeting techniques for evaluating investment proposals including payback period, accounting rate of return, net present value, profitability index, and internal rate of return.
This document provides an overview of budgets and budgetary control. It defines a budget as a quantified financial plan for a defined future period. Budgets have benefits like helping control spending, focus on goals, and organize finances. The key types of budgets discussed include sales, production, costs, materials, purchases, labor, overhead, selling & distribution, administration, capital expenditures, and cash budgets. Budgetary control involves establishing budgets, comparing actuals to budgets, and taking corrective action for variances. The objectives of budgetary control are planning, coordination, communication, motivation, control, and performance evaluation.
The document discusses budgeting and budgetary control. It defines a budget as a financial plan for a defined period. Budgets estimate profit potential, are stated in monetary terms, generally cover one year, and require management approval. The key aspects of budgets are setting objectives, understanding cost behavior, coordination, communication, flexibility, and accounting data support. Budgets are used for planning, coordination, responsibility assignment, performance evaluation, and adapting to changing conditions. Budgetary control involves establishing budgets, tracking actual performance, analyzing variances, and taking corrective actions.
This document discusses fixed and flexible expenses in a family budget, potential problems that may arise, and costs that may surprise. It also briefly covers interest rates and types of interest like simple and compound. Mutual funds are mentioned as a professionally managed investment that combines money from many investors to purchase stocks, bonds, and securities, with pros being a manager and splitting costs, and cons being the manager and lower risk-lower reward profile.
Budget & Budgetary Control in Business OrganizationsGabriel Ken
This document outlines the table of contents for a study on budgeting and budgetary control in business organizations, using Emenite Nigeria Ltd as a case study. The introduction provides background on budgets and budgetary control, and states the problem as budgets reflecting past data and inability to eliminate unpredictability in forecasting. The objectives are to examine the impact of budgets on business growth and their use for control and synchronization. Research questions and hypotheses are presented. The significance of the study and scope, focusing on Emenite Nigeria Ltd's budgeting system, are explained.
The document outlines the budgetary control policies and procedures for XYZ-LTD. It discusses the budgeting cycle which includes six phases: setting budget policy, preparation, authorization, implementation, reporting/monitoring, and review. It describes the responsibilities for budgeting and the general budget classifications of current/investment expenditures and receipts. The methods of budgeting are also discussed where branches must frame budgets based on planned outcomes rather than inputs.
This document discusses budgetary deficits, including defining a budget and budget deficit, types of budgetary deficits, ways governments finance deficits, and causes and effects of deficits. It notes that governments can finance deficits through borrowing from the private sector, central bank, public, or overseas. Deficits can be caused by lack of cash flow, delayed collections, or economic downturn. While deficits can fund investments, wasteful spending is bad. The document also outlines India's budget revenues, expenditures, and implications of a large deficit for India's economic growth and inflation.
A budget is a plan for income and expenses over a defined period of time, expressed in monetary terms. It is prepared before the period begins. Budgeting provides benefits like control over money, awareness of finances, and early warnings about potential problems. Budgetary control involves implementing budgets and holding managers responsible. It establishes budgets for all organizational functions and continuously compares actual performance to the budget to identify variations and take corrective actions. The objectives of budgetary control include planning, coordination, communication, control, and performance evaluation.
Budgetary control is a system that uses budgets to plan and evaluate performance according to budgeted goals. It involves planning, controlling, coordinating, recording, and following up on budgets. Successful budgetary control requires clarifying objectives, delegating authority and responsibility, proper communication, budget education, participation, and flexibility. The objectives of budgeting and budgetary control are to pre-determine capital expenditures, plan and control income and expenses, operate divisions efficiently, smooth seasonal variations, and obtain economical use of capital.
The document discusses process costing systems used in manufacturing. Process costing is used for continuous production of similar goods and involves accumulating costs by department. Key points include:
1. Costs are accumulated by department and a unit cost is calculated for each department by dividing total costs by units produced.
2. Costs and units are transferred between departments until reaching finished goods.
3. Inventory of work in process is tracked and assigned costs for incomplete units.
The document discusses key aspects of budgetary control systems. It defines a budget as a detailed plan for operations over a specific period of time. Budgetary control systems help businesses maximize profits and minimize costs by preparing proper forecasts and controlling costs. The document outlines various types of budgets including production, material, labor, overhead and cash budgets. It also discusses the objectives, advantages and disadvantages of budgetary control systems and classifications of budgets according to time and function. The master budget integrates all functional budgets into a consolidated budget representing the projected profit and loss statement and balance sheet.
budget budgeting and budgetary controlKajal Sharma
Budgetary control is an important management technique that involves planning, implementing, and evaluating business activities based on a pre-prepared budget. It helps balance expenses with income. A budget is a summary of expected income and expenses for a defined future period, expressed in monetary terms, and prepared before that period begins. Budgetary control has advantages like enhanced efficiency, coordination, and profit maximization, but also limitations such as being based on estimates and potentially hindering flexibility. For an effective budgetary control system, certain prerequisites must be in place, including clear roles and responsibilities, well-defined objectives and policies, a budget committee, and accounting and communication systems.
Finanl report purchase procedure mba financebmpandey
This document provides an overview of a project report submitted by Mohan Pandey for his MBA degree. The report studies the purchase procedure of Patsons Metallics Pvt. Ltd., a manufacturing company located in Latur, India. Over the course of two months, Pandey interviewed executives, reviewed company records and annual reports to understand the company's purchase processes and financial performance. The report includes sections on the company profile, research methodology, purchase procedures, financial analysis, data interpretation and findings. The objective is to evaluate the company's profitability and purchase processes to determine its financial capacity.
ESSENTIALS OF EFFECTIVE BUDGETARY CONTROL IN MANAGEMENT ACCOUNTINGSahil Nagpal
An effective budgetary control system requires: well-defined objectives that are specific and clear; goals that are achievable and realistic, not illusory; and optimization rather than maximization of profit. It also requires support from all levels of the organization, conjunction with standard costing systems, participative management across levels, education of those responsible for budgets, timely reporting of actual performance and deviations, and cost-benefit analysis to ensure benefits exceed costs.
Budgetary control involves companies establishing budgets for revenue, expenses, assets and liabilities in advance of an accounting period. Managers prepare functional budgets for their departments, which are then combined into a master budget. Actual performance is continuously compared to budgets to ensure plans are achieved or provide a basis for revision. Budgetary control coordinates activities, provides responsibility accounting, motivates managers, and establishes a system for planning and control through regular budget reviews.
Budgets are financial plans prepared in advance to help achieve objectives. There are various types including sales, production, cash budgets. Budgetary control involves establishing budgets, comparing actuals to budgets, analyzing variances, and revising budgets. The key purposes of budgeting and budgetary control are planning, coordination, communication, motivation, control, and performance evaluation. It helps management anticipate the future, coordinate departments, pinpoint inefficiencies, and direct resources for maximum profit.
Budgeting serves as a plan and control document for organizations. It involves strategic planning, planning, implementation, and controlling. There are five key dimensions of budgeting: participation, budget models, budget detail, budget forecast, and budget modification. The major types of budgets are statistics budgets, operating budgets, cash budgets, and capital budgets. Statistics budgets identify the amount of services provided, operating budgets combine revenue and expenses, cash budgets track cash inflows and outflows, and capital budgets summarize major purchases.
This document discusses a study conducted on employee job satisfaction at a manufacturing company. The study aimed to understand factors influencing job satisfaction and dissatisfaction among employees. It assessed job satisfaction across various demographic factors such as department, experience, gender and more. The study found that employees with 5-10 years' experience reported the highest job satisfaction levels. Employees were most satisfied with work environment and least satisfied with compensation and growth opportunities.
The role of road transportation in local economic development a focus on nig...Alexander Decker
1) The document examines the role of road transportation in local economic development in Nigeria. It discusses how road transportation is critical to local economies by providing access to communities and supporting industries like manufacturing, retail, and housing.
2) It then provides context on the history and development of road transportation in Nigeria from the early 1900s through modern times. The road network has expanded significantly but still faces issues like inadequate maintenance.
3) The document distinguishes between economic growth and economic development, noting that while growth means increasing production, development requires improvements across all sectors of the economy as well as social and institutional changes. Road transportation is seen as vital to promoting local and national economic development in Nigeria.
Effect of Accounting Records on Financial Performance of Small and Medium Ind...ijtsrd
This study examines the effect of accounting records on financial performance of small and medium industries in Nigeria. Specifically the study sought to determine whether small and medium industries keep accounting records of their financial transactions in Anambra state and evaluate whether sound accounting system significantly improve the performance of small and medium industries in Anambra State. Survey research designs were adopted for the study. Data were collected through survey in which questionnaire was administered on a sample of 176 was purposively collected from population of selected small and medium industries. The study found that the Small and medium industries keep accounting records of their financial transactions in Anambra state. Also that sound accounting system has significantly improved the performance of small and medium industries in Anambra State. Based on this, it recommended that the cost of operating sound accounting system should be minimized in order to encourage the adoption of in small and medium industries in the State. Okpala, Lucy Ifeoma ""Effect of Accounting Records on Financial Performance of Small and Medium Industries in Nigeria"" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-4 , June 2019, URL: https://www.ijtsrd.com/papers/ijtsrd25084.pdf
Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/25084/effect-of-accounting-records-on-financial-performance-of-small-and-medium-industries-in-nigeria/okpala-lucy-ifeoma
Effect of Voluntary Disclosure on Corporate Performance of Quoted Manufacturi...ijtsrd
The objective of the study is to examine the effect of voluntary disclosure on corporate performance of quoted manufacturing companies in Nigeria. The study specifically examined the effect of voluntary disclosure on ROA, ROE, and NPM. The population of the study was drawn from manufacturing firms quoted on the floor of the Nigerian Stock Exchange. financial year. The study was based on secondary sources of data, collected from annual financial reports. The study used content analysis to analyse the voluntary disclosure items. The study finds that voluntary disclosure has a significant negative effect on profitability return on assets, return on equity and net profit margin . The study therefore recommends, among others, manufacturing firms to enhance voluntary disclosure based on a cost benefit analysis of such, and also, help “bridge the gap†between financial numbers and the true economics underlying the company’s transaction. Voluntary disclosure is also recommended as a medium to curtail the shenanigans of earnings management. Ikemefuna, Victor C. | Onuora, J. K. "Effect of Voluntary Disclosure on Corporate Performance of Quoted Manufacturing Companies in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-4 , June 2021, URL: https://www.ijtsrd.compapers/ijtsrd42600.pdf Paper URL: https://www.ijtsrd.commanagement/accounting-and-finance/42600/effect-of-voluntary-disclosure-on-corporate-performance-of-quoted-manufacturing-companies-in-nigeria/ikemefuna-victor-c
Effects of Financial Management Reforms on Financial Corruption in Nigeria Pu...ijtsrd
This paper examined Financial Management Reforms and its Effect on Curbing Financial Corruption in Nigeria Public Sector. A survey design was adopted in the study and a sample of three hundred and twenty four 324 respondent which consist of Accountants and Auditors from Anambra state MDAs. The variables used for this study consists of dependent and independent variables. The dependent variable for this study is financial management reform proxy as IPSAS, TSA, IPPIS, and GIFMIS. The data generated were subjected to different statistical tests such as descriptive statistics, correlation analysis, jargua Bera normality test, and auto correlation test. The data gathered were finally analyzed using Ordinary Least Square OLS regression analysis. The study found that International Public Sector Accounting Standards IPSAS and Treasury Single Account TSA , when tested as standalone variables was found to be positively and statistically significant in curbing financial corruption. While Integrated Payroll and Personnel Information System IPPIS and Government Integrated Financial Management Information System GIFMIS when tested as standalone variable was found to be positively but insignificantly and negatively but insignificantly curbing financial corruption respectively across public sector in Nigeria. Meanwhile, the t statistic result of the interaction among these variable showed that their combination can go a long way in curbing financial corruption. The study recommends that, There should be Effective efficient monitoring, upgrading and sustenance of IPSASs, TSA, IPPIS and GIFMIS in the public sector, if Nigerian government is actually sincere and serious about tackling corruption in the country and stop cases of financial mismanagement, teaming and lading and prepare financial statements that could make full disclosure of every material facts and figures. This study, been the first and best of its type, makes a two major contributions to knowledge in a way that the variables used were tested as both stand alone and interactive variables, and the results are quite revealing. Onukelobi, Peace Chinwe | Okoye, Pius V. C. "Effects of Financial Management Reforms on Financial Corruption in Nigeria Public Sector" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-6 , October 2019, URL: https://www.ijtsrd.com/papers/ijtsrd29255.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/29255/effects-of-financial-management-reforms-on-financial-corruption-in-nigeria-public-sector/onukelobi-peace-chinwe
Impact of Accounting Information on Stock Price Volatility (A Study of Select...inventionjournals
This document summarizes a research study that examined the impact of accounting information on stock price volatility of selected quoted manufacturing companies in Nigeria from 2005-2014. The study used annual report data from 5 manufacturing companies, including earnings per share, book value per share, price-earnings ratio, and dividend per share. The results of the analysis found that accounting information has a strong positive significant impact on stock price volatility. Therefore, reliable accounting information is important for investors to make informed decisions and for companies to have less volatile stock prices. The study recommends proper regulation of accounting information disclosure to increase transparency.
Factors Influencing the Level of Compliance with International Financial Re...Premier Publishers
Compliance with International Financial Reporting Standards (IFRS) by Small and Medium-Scale enterprises (SMEs) has become a topical issue in accounting research, and it has become necessary in order to enhance the ability of SMEs to live up to international best business practices. SMEs are pivotal to the growth and development of any nation's economy. Many countries are opening their doors to foreign investments due to globalization and businesses are expanding beyond their national borders. Therefore, there is a need for the SME sector in Nigeria to be prepared and take advantage of this phenomenon for their growth by ensuring that their financial reports comply with the disclosure requirements of IFRS. This study assessed the factors that influence the levels of compliance with IFRS by SMEs in Ondo State, Nigeria. A cross sectional survey of one hundred SMEs in Akure was conducted through structured questionnaire. The data was analyzed using Single-Factor Descriptive Analysis, Weighted Mean Scoring, Principal Component Analysis and Regression Analysis. The study found there was low level of compliance by the SMEs in the study area and major factors influencing compliance are proper accounting records submission of accounting statements to regulatory bodies and knowledge of IFRS with mean ratings of 3.29, 3.27, 3.26 and 3.24 respectively. It concluded that there is need for the SMEs in the study area to comply with the disclosure requirements of IFRS in order to improve their capitalization and profitability. It is recommended that Financial Reporting Act in Nigeria is reviewed to make compliance of SMEs with IFRS mandatory and that Financial Reporting Council should ensure proper capacity development to enable SMEs compliance.
The Growing Need of Corporate Attributes and Timeliness of Financial Reportingijtsrd
This study examined the Growing Need of corporate attributes and Timeliness of Financial Reporting in Nigeria. Cross sectional data was sourced from financial statement of quoted banks. Number of days was modelled as a function of total assets, influence of industry sector, size of audit firm, profitability and number of employees. After cross examination of the validity of the pooled effect, fixed effect and the random effect, the study accepts the fixed effect model. The result found that profitability and influence of industry sector have positive relationship with timeliness of financial report of the selected bank. The panel unit root proved that the variables are stationary at first difference while the causality test found one unidirectional relationship with size of audit firm to timeliness of financial reporting. From the regression summary, the study concludes that corporate attributes have significant relationship with timeliness of financial reports. We recommend that corporate attributes that affect negative timeliness of financial reporting should be discouraged or properly managed and factors that enhance timeliness of financial reporting should be encouraged. Dr. Odogu Laime Isaac | Dr. Zebaghafa Sunday | Okpobo Timinipre Joseph "The Growing Need of Corporate Attributes and Timeliness of Financial Reporting" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-2 , April 2023, URL: https://www.ijtsrd.com.com/papers/ijtsrd54026.pdf Paper URL: https://www.ijtsrd.com.com/management/accounting-and-finance/54026/the-growing-need-of-corporate-attributes-and-timeliness-of-financial-reporting/dr-odogu-laime-isaac
Effect of Financial Reporting Quality on Corporate Performance Evidence from ...YogeshIJTSRD
This study determined the relationship between discretionary accruals, non discretionary accruals, on return on investment. Data for this study were obtained from secondary sources only. The study adopted an ex post facto research design. The secondary data were obtained from annual reports of 22 listed banks in Nigeria Stock Exchange. The sample banks were obtained using the stratified sampling technique while the sample size was obtained using the random sampling technique. The variables that were considered in this study are financial reporting quality and corporate performance, which were represented by the effect of discretionary accruals, and non discretionary accruals on return on investment. Data analyses were carried out using Ordinary Least Square statistical tools with aid of E view 9 and the level of significance used to test the hypothesis was 5 . The findings show that there is negative but significant relationship between discretionary accruals, non discretionary accruals and return on investment. Based on the findings, the study recommended that management of listed banks should ensure that they adopt best practices in financial reporting like Automated financial reporting solutions because there is direct relationship between abnormal accruals and return on investment. Anichukwu, Salome A | Ekwueme, Chizoba M "Effect of Financial Reporting Quality on Corporate Performance: Evidence from Listed Banks in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-3 , April 2021, URL: https://www.ijtsrd.com/papers/ijtsrd39835.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/39835/effect-of-financial-reporting-quality-on-corporate-performance-evidence-from-listed-banks-in-nigeria/anichukwu-salome-a
This document summarizes a study that examined the effects of implementing International Public Sector Accounting Standards (IPSAS) on public sector financial management in Nigeria. The study found that IPSAS explained about 11.2% of the variation in public sector financial management. It was statistically significant that IPSAS implementation affects public sector financial management in Nigeria. However, challenges remain in fully implementing IPSAS in Nigeria, including the costs associated with identifying government assets and providing training. The document provides background on traditional public sector accounting standards, the meaning of the public sector and public financial management, and reviews literature on IPSAS, its challenges and implementation.
Impact of Government Policies on productivityBirpartap Singh
Government policies have impacted productivity in various sectors in India. In manufacturing, total factor productivity growth was slow or negative from 1951-1979 but has not improved significantly in the post-reform period from 1980-2007. In agriculture, total factor productivity growth rates were approximately 1.45-2.33% per year between 1973-1993. In the automotive industry, policies like allowing 100% FDI and exempting manufacturing from licensing have supported growth. However, productivity in India's defense sector has been limited by the government's failure to sufficiently encourage private sector involvement in defense production.
Determinants of Business Performance in the Nigerian Manufacturing Sectorijtsrd
This document summarizes a study that examined the determinants of business performance in Nigeria's manufacturing sector between 1980-2018. The study used secondary data from the Central Bank of Nigeria and an econometric model to analyze the impact of various macroeconomic variables (financial intermediation, infrastructure, market size, exchange rate, interest rate, and inflation rate) on business performance. The results found that financial intermediation, infrastructure, and market size had a positive impact on manufacturing, while exchange rate, interest rate, and inflation had a negative impact. All variables conformed to the study's expectations except infrastructure and inflation rate, and most were statistically significant, indicating they are good determinants of business performance in Nigerian manufacturing. The study recommends over
GAMIFICATION AND RESOURCE POOLING FOR IMPROVING OPERATIONAL EFFICIENCY AND EF...IAEME Publication
The authors of this article attempted combining the two methodologies of
gamification and resource pooling with a view to derive the maximum productivity from
the organization drawing certain significant commonalities. Another biggest motive
behind the authors for combining these two techniques is the fact that eCommerce is a
business vertical or a market place where people from all walks of life participate in
online purchases.
This document summarizes a study that examined the effects of Integrated Financial Management Information System (IFMIS) on financial reporting effectiveness of district local governments in Uganda. Some key findings of the study include:
1) IFMIS was found to positively affect and improve financial reporting effectiveness in Ugandan district governments by ensuring consistency, accuracy, timeliness, transparency and relevancy of reports.
2) IFMIS supports effective budget preparation, transaction processing and financial report preparation, thereby fulfilling the objective of improving financial accountability through prompt reporting.
3) The study found IFMIS improves financial reporting effectiveness through realistic budgeting based on available resources, integration of departmental budgets, ranking of financial priorities, and easy tracking of
Effect of Audit Quality on the Financial Performance of Deposit Money Banks i...ijtsrd
This study investigated the effect of audit quality on the financial performance of deposit money banks in Nigeria. The Ex-post Facto research design was adopted. The Judgmental sampling was adopted to selected 14 from the 22 listed Deposit Money Banks on the Nigerian Stock Exchange. The data collected from annual reports and accounts of deposit money banks were analyzed using the simple regression and correlation analyses. Findings f revealed that Audit Committee Size ACSIZ has a positive but insignificant effect on the financial performance of deposit money banks in Nigeria. Audit Committee Independence ACIND and Audit Committee Meetings ACM both have a negative and insignificant effect on the financial performance of quoted deposit money banks in Nigeria while Auditors Size BIG4A has a positive and statistically significant effect on the financial performance of quoted banks in Nigeria. Based on this, the study recommended among others that the management of the deposit money banks in Nigeria should employ the services of one of the big audit firms and where this is not possible, go for an audit firm whose character and integrity is beyond question. Muotolu, Peace Chikwemma | E. O. Nwadialor "Effect of Audit Quality on the Financial Performance of Deposit Money Banks in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-2 , February 2019, URL: https://www.ijtsrd.com/papers/ijtsrd21557.pdf
Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/21557/effect-of-audit-quality-on-the-financial-performance-of-deposit-money-banks-in-nigeria/muotolu-peace-chikwemma
This document discusses the adoption of International Public Sector Accounting Standards (IPSAS) in Nigeria. It notes that Nigeria approved adopting IPSAS in 2010 to improve financial reporting and bring it in line with global standards. IPSAS is expected to increase accountability and transparency in the public sector by providing more meaningful information for decision makers. However, some challenges remain in fully implementing IPSAS, including the expense of adoption and Nigeria's history of using cash-based accounting in the public sector. The document examines the expectations, benefits and challenges of adopting IPSAS in Nigeria to enhance accountability, transparency, and comparability of financial reporting practices with international standards.
Working capital management and the performance of selected quoted manufacturi...Alexander Decker
This study examines the relationship between working capital management and the performance of selected quoted manufacturing companies in Nigeria from 2000-2009. Secondary data was collected from annual reports of 60 companies and analyzed using descriptive and inferential statistics. The results showed that average collection period and average payment period were positively related to profitability, while inventory turnover days and cash conversion cycle were negatively related. This implies reducing cash conversion cycle, inventory days, and net trading cycle can increase profits, while increasing average collection and payment periods can also boost profits. In conclusion, efficient working capital management affects the performance of manufacturing firms in Nigeria.
This study examined the nexus between national information technology development levy and
financial performance of telecommunication companies in Nigeria. Three hypotheses were formulated and
statistically tested at 5 per cent level of significance. Four (4) quoted telecommunication companies constituted
the sample size of this study between 2010 and 2021. Ex-Post facto research design was adopted while
secondary data were extracted from the annual reports and accounts of the sampled companies and were
analysed using E-Views 10 statistical software
Financial Structure and the Financial Performance of Quoted Consumer Goods Fi...ijtsrd
The study investigated the effect of financial structure on the financial performance of quoted consumer goods firms in Nigeria. The study used profit after tax PAT to represented financial performance as the dependent variable while financial structure was disintegrated into Short Term Debt STD , Long Term Debt LTD , share capital SC and retained earnings RE as the independent variable. The data for the study were obtained from the Financial Statement and Annual Reports of the selected firms. The data set comprised fifty 50 observations comprising five year time series data spanning 2010 to 2019 from ten firms in the consumer goods sector. The panel regression technique based on Fixed and Random Effects were used for data analyses. The Hausman test showed that the Fixed Effect model is more suitable for the study. The findings revealed that STD and SC have significant positive effects on the PAT of consumer goods firms in Nigeria while LTD and RE were found to have positive but no significant effect on the PAT of consumer goods firms in Nigeria. The study conclude that b working capital management is an efficient tool for the consumer goods subsector in Nigeria. Among the contributions of the study is the use of all the four sources of funds and the use of profit after tax that tends to capture the overall effect of the various fund sources on the holistic profitability of the consumer goods firms. The recommendations included use of share capital for long term investment and working capital management for operations. Daniel, Prince Chinwendu | Dr. Joseph A. Nduka "Financial Structure and the Financial Performance of Quoted Consumer Goods Firms in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-1 , December 2020, URL: https://www.ijtsrd.com/papers/ijtsrd37967.pdf Paper URL : https://www.ijtsrd.com/management/accounting-and-finance/37967/financial-structure-and-the-financial-performance-of-quoted-consumer-goods-firms-in-nigeria/daniel-prince-chinwendu
This document summarizes a study that assesses factors affecting budgeting processes among small and medium enterprises (SMEs) in the hospitality industry in Nairobi, Kenya. The study found that computerized accounting systems had the greatest impact on budgeting processes, followed by firm size, participation of workers, skills of managers, and ownership structure. Previous research also found relationships between budgeting processes and these factors. The study recommends involving workers in budgeting, separating ownership from management, improving manager skills, and prioritizing information technology to support budgeting in SMEs.
Information technology and financial reporting by deposit money bank in nigeriaAlexander Decker
This document summarizes a research study that investigated the impact of information technology on the preparation and publication of financial reports in deposit money banks in Nigeria. The study found that automation improves the accuracy, reliability, and quality of financial reports. However, it did not find that automation hinders compliance with accounting standards. It recommended that information technology training be incorporated into accounting education to improve accountants' skills. The study used a survey of 345 accountants across 21 Nigerian banks and analyzed the data using regression analysis.
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Kinetic studies on malachite green dye adsorption from aqueous solutions by A...Open Access Research Paper
Water polluted by dyestuffs compounds is a global threat to health and the environment; accordingly, we prepared a green novel sorbent chemical and Physical system from an algae, chitosan and chitosan nanoparticle and impregnated with algae with chitosan nanocomposite for the sorption of Malachite green dye from water. The algae with chitosan nanocomposite by a simple method and used as a recyclable and effective adsorbent for the removal of malachite green dye from aqueous solutions. Algae, chitosan, chitosan nanoparticle and algae with chitosan nanocomposite were characterized using different physicochemical methods. The functional groups and chemical compounds found in algae, chitosan, chitosan algae, chitosan nanoparticle, and chitosan nanoparticle with algae were identified using FTIR, SEM, and TGADTA/DTG techniques. The optimal adsorption conditions, different dosages, pH and Temperature the amount of algae with chitosan nanocomposite were determined. At optimized conditions and the batch equilibrium studies more than 99% of the dye was removed. The adsorption process data matched well kinetics showed that the reaction order for dye varied with pseudo-first order and pseudo-second order. Furthermore, the maximum adsorption capacity of the algae with chitosan nanocomposite toward malachite green dye reached as high as 15.5mg/g, respectively. Finally, multiple times reusing of algae with chitosan nanocomposite and removing dye from a real wastewater has made it a promising and attractive option for further practical applications.
Evolving Lifecycles with High Resolution Site Characterization (HRSC) and 3-D...Joshua Orris
The incorporation of a 3DCSM and completion of HRSC provided a tool for enhanced, data-driven, decisions to support a change in remediation closure strategies. Currently, an approved pilot study has been obtained to shut-down the remediation systems (ISCO, P&T) and conduct a hydraulic study under non-pumping conditions. A separate micro-biological bench scale treatability study was competed that yielded positive results for an emerging innovative technology. As a result, a field pilot study has commenced with results expected in nine-twelve months. With the results of the hydraulic study, field pilot studies and an updated risk assessment leading site monitoring optimization cost lifecycle savings upwards of $15MM towards an alternatively evolved best available technology remediation closure strategy.
RoHS stands for Restriction of Hazardous Substances, which is also known as t...vijaykumar292010
RoHS stands for Restriction of Hazardous Substances, which is also known as the Directive 2002/95/EC. It includes the restrictions for the use of certain hazardous substances in electrical and electronic equipment. RoHS is a WEEE (Waste of Electrical and Electronic Equipment).
Optimizing Post Remediation Groundwater Performance with Enhanced Microbiolog...Joshua Orris
Results of geophysics and pneumatic injection pilot tests during 2003 – 2007 yielded significant positive results for injection delivery design and contaminant mass treatment, resulting in permanent shut-down of an existing groundwater Pump & Treat system.
Accessible source areas were subsequently removed (2011) by soil excavation and treated with the placement of Emulsified Vegetable Oil EVO and zero-valent iron ZVI to accelerate treatment of impacted groundwater in overburden and weathered fractured bedrock. Post pilot test and post remediation groundwater monitoring has included analyses of CVOCs, organic fatty acids, dissolved gases and QuantArray® -Chlor to quantify key microorganisms (e.g., Dehalococcoides, Dehalobacter, etc.) and functional genes (e.g., vinyl chloride reductase, methane monooxygenase, etc.) to assess potential for reductive dechlorination and aerobic cometabolism of CVOCs.
In 2022, the first commercial application of MetaArray™ was performed at the site. MetaArray™ utilizes statistical analysis, such as principal component analysis and multivariate analysis to provide evidence that reductive dechlorination is active or even that it is slowing. This creates actionable data allowing users to save money by making important site management decisions earlier.
The results of the MetaArray™ analysis’ support vector machine (SVM) identified groundwater monitoring wells with a 80% confidence that were characterized as either Limited for Reductive Decholorination or had a High Reductive Reduction Dechlorination potential. The results of MetaArray™ will be used to further optimize the site’s post remediation monitoring program for monitored natural attenuation.
Improving the viability of probiotics by encapsulation methods for developmen...Open Access Research Paper
The popularity of functional foods among scientists and common people has been increasing day by day. Awareness and modernization make the consumer think better regarding food and nutrition. Now a day’s individual knows very well about the relation between food consumption and disease prevalence. Humans have a diversity of microbes in the gut that together form the gut microflora. Probiotics are the health-promoting live microbial cells improve host health through gut and brain connection and fighting against harmful bacteria. Bifidobacterium and Lactobacillus are the two bacterial genera which are considered to be probiotic. These good bacteria are facing challenges of viability. There are so many factors such as sensitivity to heat, pH, acidity, osmotic effect, mechanical shear, chemical components, freezing and storage time as well which affects the viability of probiotics in the dairy food matrix as well as in the gut. Multiple efforts have been done in the past and ongoing in present for these beneficial microbial population stability until their destination in the gut. One of a useful technique known as microencapsulation makes the probiotic effective in the diversified conditions and maintain these microbe’s community to the optimum level for achieving targeted benefits. Dairy products are found to be an ideal vehicle for probiotic incorporation. It has been seen that the encapsulated microbial cells show higher viability than the free cells in different processing and storage conditions as well as against bile salts in the gut. They make the food functional when incorporated, without affecting the product sensory characteristics.