The Role of Accounting in National Development

The Role of Accounting in National Development

Accounting measures the profitability and viability of any project.  The definition of accounting has already explained the role of accounting which is the system of collecting, summarization, analysis and reporting of data of an organization or project in a form suitable and comprehensible to prospective users.  [Read more…]

The Role of African Development Bank in Nigeria Economic Development

THE ROLE OF AFRICAN DEVELOPMENT BANK IN NIGERIA ECONOMIC DEVELOPMENT

Schumpeta (1934) is widely known as the first proponent of the view that financial institutions are necessary condition for economic development in his scheme of development in Capitalism banks \financial institutions are considered to be one to two primary and essential factors of development, the other factor being the availability of entrepreneurs. Among the more important followers of this view are, Goldsmith,Cameronetal and Patrick. [Read more…]

Accounting Information in Decision Making in Small-Scale Business in Nigeria

ACCOUNTING INFORMATION IN DECISION MAKING IN SMALL-SCALE BUSINESS IN NIGERIA

An economic entity is a separate and distinct organization. It varies from state government to banks, retail stores, charitable organizations etc.

Economic entities are divided into two groups:

  1. Profit motivated organization
  2. Non-profit motivated organization.

[Read more…]

The Duties and Obligations of the Governor of Central Bank of Nigeria to the Financial Institutions

THE DUTIES AND OBLIGATIONS OF THE GOVERNOR OF CENTRAL BANK OF NIGERIA TO THE FINANCIAL INSTITUTIONS

The governor of central bank of Nigeria has some duties in which he performs in order to meet the finance needs of other financial institutions which are as followings: [Read more…]

The Evaluation of Accounting Control System in Nigeria

THE EVALUATION OF ACCOUNTING CONTROL SYSTEM IN NIGERIA

American institution of certified public accountants (AICPA) defined accounting control system as the plan of organizations to adopt within the business, accounting control to safeguard assets, check the accuracy and reliability of it’s accounting data many define it as the whole financial system and ensuring accuracy control system in the financials of an organization. [Read more…]

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