Stock Exchange in Developing Economy (Role and Setbacks)

“STOCK EXCHANGE IN DEVELOPING ECONOMY” (ROLE AND SETBACKS)

The literature suggests that the practice that have gradually metamorphosed into the stock exchange as it is known today took their roots from the bourgeoning trade in agriculture and other commodities developing in some of the major European centres during the middle ages. It was the practice in these trade fairs for traders to gather at a place on appointed day to strike bargain in commodities. Trade was frequently conducted to credit notes, some to be in use as evidence of the credit and as instrument of effective settlement.   [Read more…]

Internal Audit Control In Government Establishment

INTERNAL AUDIT CONTROL IN GOVERNMENT ESTABLISHMENT (A CASE STUDY OF PROJECT DEVELOPMENT INSTITUTE (PRODA), ENUGU).

With regards to coverage of this study, the research intends to review the following; Historical Background (origin) of auditing, historical background of project development institute (PRODA) Enugu, purpose of auditing, selection of auditors internal auditor, importance, reliance on the auditors, internal control system evaluation and preparation of audit report. [Read more…]

The Objectives of Financial Statements and there Usefulness to the General User Groups

 THE OBJECTIVES OF FINANCIAL STATEMENTS AND THERE USEFULNESS TO THE GENERAL USER GROUPS

Financial statement may be defined as a set of report prepared by a company in line with regulatory statutes and for the information of all groups that have on interest or another in the company.  It is in fact an aggregate financial report for a whole entity or division of an entity for the benefit of external users. [Read more…]

The Significance and Objectives of Source Documents in Audit Investigation

THE SIGNIFICANCE AND OBJECTIVES OF SOURCE DOCUMENTS IN AUDIT INVESTIGATION (A CASE STUDY OF ORJI CHUKWU AND CO CHARTERED ACCOUNTANTS)

One cannot talk of source documents without giving identification of the auditors role and responsibility.  Several works have been carried on this field of endeavour presenting several, and sometimes diverse viewpoints about the concepts of auditing.  In this chapter we shall attempt to understand what auditing means, and the role of source document no audit investigations, we shall also look at the regulatory framework of the practice investigation procedures. [Read more…]

Financial Strategies for a Globalized Firm

FINANCIAL STRATEGIES FOR A GLOBALIZED FIRM

FINANCE MANAGEMENT AND ITS OVERVIEW

          According to G.C Ozoani (2004:1), financial management is defined by the function and responsibilities of financial managers.  Funds are raised from external financial sources and allocated from different uses. [Read more…]