ABSTRACT Audit of final account are been concerned through verification, existence and valuation by auditor which should therefore be capable of enabling the auditors to form an opinion on the financial statements as to the extent of their dependability and reliability. The researcher view show the profit and loss for the period, with adjustments for non-cash items such as depreciation and the following sources and application where material-dividends paid, acquisitions and disposal of non-cu...
ABSTRACT Corporate divided decision taking is usually done within several limiting factors. These limitations may be in form of company profitability and liquidity, shareholder preferences, government regulations, investment opportunities and debt contracts among many others. The extent to which these factors are effectively handled determiners the nature of the impact of the decision taken. It is against this background that this research has appraised certain aspects of the effect of divide...
ABSTRACT The type of audit primarily concerned with throughout this project work is an examination of a company’s financial statements by a firm of independent public accountants. The audit consists of a searching investigation of the accounting records and other evidence supporting those financial statements. Through the study and evaluation of the company’s system of internal control, and by inspection of document, observation of assets, making of inquiries within and outside the compan...
ABSTRACT The pursuit of an objective is the characteristic of every organization and objective exists in different forms. Every public organization has the objective of maximizing services to the public. As well as in other state establishments provision of up, other objective like revenue generation and so on are secondary. But as no establishment can carry out its objectives successfully with out finding and for this fundamental objectives to be realized, state establishment must apply pr...
HISTORICAL DEVELOPMENT Before the advent of our colonial masters, there were already traces of taxation in existence, for instance in the Northern apart of Nigeria due to the Mohammedanism spirit people were made to contribute towards charity, which was the foundation of taxation there. But before independence there were axes levied e.g. zakka ( agricultural products), Kurdin, Janghali etc. in other parts of the country that is the Yoruba and the Ibo’s there was a axes developed system of...
ABSTRACT This study was bone out of mirage of problems usually associated with policy implementation in Nigeria especially on taxation. In recent times, value Added Tax is the most outstanding fiscal policy in Nigeria economic Policy. Bearing in mind the consumption pattern the necessary imposition of tax on luxury goods and of course luxury goods is a matter of choice and taste. This study look at impact of VAT on luxury goods as it affects, revenue collection, consumption pattern, and price...
ABSTRACT The study is on the Role of Nigerian Stock Exchange in the Development of Nigerian Economy. The researcher in order to accomplish this wants to ascertain how the Nigerian Stock Exchange has tribute to the development of the Nigerian Economy. The Nigerian Stock Exchange functions as an Institution for sourcing capital development through the issue of public debt instruments. It also acts as the control meeting place for members to buy and sell existing stock and shares and for grantin...
ABSTRACT This paper examines the relationship between bank supervisor and the external auditor in Nigeria. It highlights the functions of the management, the bank supervisors and the external auditors in the prudent management of the banking sector. It also point out some complementary functions canoed out by each party in the banking sectors, accountability for public interest. It also examines how the banks are made to comply with regulatory guidelines set up by the supervisors in Nigeria; ...
INTRODUCTION Whenever a business fails, we tend to point at different type of internal reasons like failure of major products, a bad investment decision, structural rigidity or management incompetence or the root cause, business failure could also result from external factor like competition, change in government regulations, scarcity of raw materials etc. Whatever may be the reasons, it is relevant for manager to get to know them with a view to optimizing then for their company advantage....
INTRODUCTION Most countries irrespective of its advancement have its own share of socio-economic problems. One of the most prevalent socio-economic problems is “inflation”. The term “inflation” is as old as mankind in more precise description inflation can be defined as the persistent rise in the price of good and services and measurement depreciation in the value of money. A careful survey of the situation in Nigeria shows that this phenomenon is prevalent. Nigeria is undergoing a ...
INTRODUCTION Auditing is the process of investigation into the financial records prepared in an organization to ascertain the correctness of the financial statement. Investigation can be described as an inquiry commissioned by a client for some of his purpose. The preparation of the seconds of small scale business organization involves the bringing together of the control system This idea of auditing come into being when a series of company acts Commencing in 1844 gradually developed and inco...
INTRODUCTION An investment is the purchase of an assets expected to provide a return in future. An individual or organizations willing to forego consumption now in the expected that the return from investing will result in greater consumption later. Making prudent and financially rewarding investment decision requires the acquisition of knowledge about investment alternatives and the development of the skill needed to evaluate these alternatives. With the myriad investment alternative av...
1.0INTRODUCTION Corporate tax is the most productive revenue source of income to the government than taxes from other sources. Although people generally do not like paying income tax, in remains a duty no citizen can legally run away from. It is therefore the practice for tax authorities to endeavor to make people pay income tax without tears since it is not possible to pay with cheers. Taxes can be one of the largest cash out flow that a company experience. The introduction of corporate ta...
ABSTRACTAs the topic depicts, that is “the need for effective and efficient inventory management in a manufacturing organization, one will then say that manufacturing organizations really face inventory management problems of which the research writer tried to analyze and bring possible recommendations to that effect.The problems associated with inventory management includes: scarcity of raw materials, determination of optimal stock level, as well as the discrepancy between policy and pract...
INTRODUCTION Auditing is the process of investigating into the financial records prepared in an organization to ascertain the correctness of the financial statement. Investigation can be described as an inquiry commissioned by a client for some of his purposes. The preparation of the accounts of small scale industries involves the bringing together of the control system. The idea of auditing came into being when a series of company acts. Announcing in 1844 gradually developed and incorporat...