International Journal of Social Sciences and Humanities Review, May 30, 2013
Rural areas in Nigeria are faced with problems of development elements. Successive governments ha... more Rural areas in Nigeria are faced with problems of development elements. Successive governments have made several efforts in terms of policies and programs to accentuate development in the area. It remained a fact that developing agriculture and its accompanying infrastructures result to developing the rural area, given that agriculture remains the mainstay of the economic activities among the rural dwellers. Macroeconomic policies are veritable tools necessary for accelerating development in all sectors including the rural areas. Therefore, the need for macroeconomic fiscal policies in the area of increased public expenditures (funding) on agriculture has been identified as necessary strategies for developing the rural areas. To what extent has this been achieved and what are the associated challenges faced in developing the rural areas in Nigeria; are the main thrust of this paper. The paper used secondary data from the CBN statistical bulletin and Annual Report and content analysis of works done on this area was adopted as analysis methodology. The paper finds that there exist; (1) problems of finding (2) proliferation of development programs (3) poor level of implementation of policies and programs and (4) high rate of corruption. The study recommends among other things that: (1) adequate budgetary provisions and timely release of funds should be emphasized (2) training and capacity building for staff of the institutions responsible for implementation of policies and programs should be uphold (3) corrupt practices and its tendencies should be discouraged (4) continuity in the execution and implementation of development programs should have legislative backings
Reforms in the public sector, the world over, has taken a global dimension towards harmonization ... more Reforms in the public sector, the world over, has taken a global dimension towards harmonization and convergence of international and national accounting systems for the promotion of useful and standardized financial reporting practices. At the centre of this change is the adoption and application of the international public sector accounting standards (IPSAS) by public sector entities. The cash-basis IPSAS is one of the IPSAS which supports the presentation of the general purpose financial statement (GPFS) for new adopters that intend to migrate to full accrual-based IPSAS. However, despite its essence as a de facto standard mostly adopted by developing countries, limited studies have considered the consideration for its decision-usefulness for financial reporting. The objective of this paper is to propose a conceptual framework that explains the factors of how financial reporting, based on the cash-basis IPSAS, would assist decision usefulness of financial reports to diverse user ...
In presenting this thesis in fulfilment of the requirements for a Post Graduate degree from the U... more In presenting this thesis in fulfilment of the requirements for a Post Graduate degree from the Universiti Utara Malaysia (UUM), I agree that the Library of this university may make it freely available for inspection. I further agree that permission for copying of this thesis in any manner, in whole or in part, for scholarly purpose may be granted by my supervisor(s) or in their absence, by the Dean of Tunku Puteri Intan Safinaz School of Accountancy where I did my thesis. It is understood that any copying or publication or use of this thesis or parts of it for financial gain shall not be allowed without my written permission. It is also understood that due recognition shall be given to me and to Universiti Utara Malaysia (UUM) in any scholarly use which may be made of any material in my thesis.
Financial reporting quality (FRQ) refers to better information dissemination across different use... more Financial reporting quality (FRQ) refers to better information dissemination across different user groups. It remains a prevalent phenomenon for assessing organizations' performance and survival. Drawing on theoretical exigencies, this study tests the effects of political influence on FRQ using survey research approach and selfadministered questionnaire. Data were gathered from 118 directors of finance representing local governments from four States at the northwest geopolitical zone of Nigeria. The regression estimate revealed a significant positive relation between political influence and FRQ. The study implication was discussed in the context of Nigeria.
Incidence of corporate financial scandals over the years have generated increased concern and com... more Incidence of corporate financial scandals over the years have generated increased concern and comments by observers on the efficacy and quality of financial reports produced by corporate organizations. This has result to doubt as to whether the financial reports emanating from organizations, possesses the evaluative benefits and quality to reveal the actual financial status of organizations and to support the information needs of diverse users. Moreover, the introduction of International Public Sector Accounting Standards (IPSAS) is expected to serve as corrective measure, though within relevant contingencies. The objective of this paper is to conceptually come up with a framework that explains key contingent factors that influences financial reporting quality (FRQ) under an accounting system that applies the cash-basis IPSAS. Based on archival survey and theoretical justifications, the conceptual framework of the paper posits that, internal audit quality and staff competence are po...
Organizational Contingency and Financial Reporting Quality in the Public Sector while Adopting Cash-Basis IPSAS: A Conceptual Approach
Quality of financial report has been identified as prevalent and a critical phenomenon for organi... more Quality of financial report has been identified as prevalent and a critical phenomenon for organizations’ performance and survival. While its deficiency portends great threat to organizational going concern and consequential liquidation and malfunction. Moreover, the introduction of International Public Sector Accounting Standards (IPSAS) expectedly serve to enhance high quality accounting reporting in the public sector, though within relevant contingencies. The objective of this paper is to conceptually come up with a framework that explains key contingent factors that influences financial reporting quality (FRQ) under an accounting system that applies the cash-basis IPSAS. Based on archival survey and theoretical justifications, the conceptual framework of the paper posits that, internal audit quality and staff competence are potential organizational factors that could accentuate higher quality financial reporting practice in the public sector, while adopting international accoun...
The Financial Reporting Quality (FRQ) refers to better information dissemination across different... more The Financial Reporting Quality (FRQ) refers to better information dissemination across different users. It remains a prevalent factor for organizations’ performance and survival. The public sector in many countries, have witnessed considerable changes in the past decades. The prominent one being the International Public Sector Accounting Standards (IPSAS) for the public sector entities. Drawing on contingency and institutional theories, this study examine the perception of directors of finance regarding the effects of professionalism on the relationship between staff competency and FRQ under a new accounting standard. Using survey research approach and self-administered questionnaire, data were gathered from 118 directors of finance representing local governments of four States in the north-west geographical zone of Nigeria. The Partial Least Squares Structural Equation Modeling (PLS-SEM) revealed a significant positive relation between staff competence and FRQ. Conversely, no sign...
The Financial Reporting Quality (FRQ) refers to better information dissemination across different... more The Financial Reporting Quality (FRQ) refers to better information dissemination across different users. It remains a prevalent factor for organizations' performance and survival. The public sector in many countries, have witnessed considerable changes in the past decades. The prominent one being the International Public Sector Accounting Standards (IPSAS) for the public sector entities. Drawing on contingency and institutional theories, this study examine the perception of directors of finance regarding the effects of professionalism on the relationship between staff competency and FRQ under a new accounting standard. Using survey research approach and self-administered questionnaire, data were gathered from 118 directors of finance representing local governments of four States in the northwest geographical zone of Nigeria. The Partial Least Squares Structural Equation Modeling (PLS-SEM) revealed a significant positive relation between staff competence and FRQ. Conversely, no significant effect was found in the interaction of professionalism on the model. The study implication was discussed in the context of Nigeria.
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