The Problem of Flooding of Accountants in the Job Market

THE PROBLEM OF FLOODING OF ACCOUNTANTS IN THE JOB MARKET

According to D.O. Eyiyere Et al (1975 page 103) the influx of the Accountants in the job market has created unemployment which is the greatest problem facing an over populated country. However, this problem could be caused by the following:  shortage of modern amenities, low per capital income, social disorder etc. [Read more…]

Poor Performance of Students in Accounting Subjects

POOR PERFORMANCE OF STUDENTS IN ACCOUNTING SUBJECTS (A CASE STUDY OF ENUGU STATE UNIVERSITY OF SCIENCE AND TECHNOLOGY ENUGU)

In the world of business to day, a good knowledge of accounting studies is important as it stands of key to opening the door of success in financial institutions, trade and other commercial activities.

At the junior secondary school level, the national Curriculum for junior secondary schools (1998) state the aim goals of according education as: [Read more…]

Management Benefits of Accounting Profession to Business Organization

MANAGEMENT BENEFITS OF ACCOUNTING PROFESSION TO BUSINESS ORGANIZATION

DEFINITION OF ACCOUNTING

Accounting may be defined as “the process of identifying measuring and communicating economic information judgments and decisions by the users of the information”.

Another earlier definition was advanced in 1961 by AIGPA in the following words “Accounting is the act or recording, classifying and summarizing in a systematic manner and in terms or money transaction and event which are in part at least of a financial character, and interpreting the result therefore. [Read more…]

The Economic Effect of Petroleum Scarcity in Nigeria

THE ECONOMIC EFFECT OF PETROLEUM SCARCITY IN NIGERIA

Shakespeare once said, “When the brains were dead, they would not rise again” this was my unfortunate conclusion when we survived the hardship before the last election 2003. Queuing up for fuel is at best the situation Nigeria , particular are passing through , virtually everyday of their lives. This so called scarcity has brought in it’s wake untold hardship to every students in Enugu , campus ii & iii N20 but formally it was N10 because fuel scarcity increase it to that which many students can no longer come to school five times a week. [Read more…]

Effective Application of Breakeven Analysis in Managements Firms

EFFECTIVE APPLICATION OF BREAKEVEN ANALYSIS IN MANAGEMENTS FIRMS

DEFINITION

Not only does it furnish management with the general information on the cost –volume- profit relationship of the firm accountants can also use breakeven analysis to finance management with information necessary for solving certain planning control and special  decision problems however the decision areas where this is applicable includes profit planning, budgeting control production replacement pricing decision, selection of distribution channels, setting volume sensitive returns on investment target entry into foreign market etc. [Read more…]