The Accountant, The Financial Manager And The Tax Officials Conception Of Depreciation And Capital Allowances In Business Operation.

THE ACCOUNTANT, THE FINANCIAL MANAGER AND THE TAX OFFICIALS CONCEPTION OF DEPRECIATION AND CAPITAL ALLOWANCES IN BUSINESS OPERATION.

 There are few if there is any business enterprises or organization that do not make use of fixed assets in one form or the other in their operations.

A sole proprietorship form of business unit for example a barrier or a retailer has fixed assets in the form of furniture and fittings, sheds or kiosk, mirror etc. The poor woman in the street who runs a retail shop may not find it very possible to manage without such things are shop, a table to display her wares and a chair and benches for herself and her customers. [Read more…]

The Effect of Fiscal Policy in the Development of Nigeria Economy

THE EFFECT OF FISCAL POLICY IN THE DEVELOPMENT OF NIGERIA ECONOMY

The dominant factor underlying the federal government budgetary operation in 1999 were the favorable development in oil market, the depreciation of the naira exchange rate and subsequently rise indebt expenditure at fiscal operations of the federal government resulted in an over all deficit of 63,357 million. [Read more…]

The Importance of Accounting on Organization’s Effectiveness

THE IMPORTANCE OF ACCOUNTING ON ORGANIZATION’S EFFECTIVENESS

Historical development of book-keeping and accounting could be traced to 1494 when new method of recording transaction started, and with it a lot of transformation followed.  This new system of book-keeping was developed by an Italian Monk Luca Paeido. [Read more…]

Liquidity Problem in Commercial Bank in Nigeria

LIQUIDITY PROBLEM IN COMMERCIAL BANKS IN NIGERIA

WHAT IS LIQUIDITY

Liquidity has been defined by different authors and financial authorities in many ways. These are as follows: going by the definition given by the R.S. Seyers modern banking, fifth edition, he defined liquidity as “the word that the banker used to describe his ability to satisfy demands for each in exchange for depositors. [Read more…]

The Challenges of Management Accounting and Leadership in a Distressed Company

THE CHALLENGES OF MANAGEMENT ACCOUNTING AND LEADERSHIP IN A DISTRESSED COMPANY

DEFINITION OF LEADERSHIP

A leadership is one who gives institutions to his subordinates. He inspires, enthuses and give them guidance to carry the instructions out towards the achievement of set goals. In a business enterprise, there is a need for somebody in the leadership position to organize the work, give orders and inspires the efforts of others. [Read more…]