CHAPTER ONE INTRODUCTION 1.1 Background of the Study Globally, for users of financial report to make economic decisions, financial reports must provide useful information (Ezeani, Ogbonna & Ezemoyih, 2012). This information can only be useful if it fulfills basic qualitative characteristics of financial statements (Amat & Gowthorpe, 2010). The International Accounting Standard Board (IASB, 2009) … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY The market for audit services has been recognize to be segmented into varying sub-markets or sub-sectors of an economy. Empirical researchers have shown that the concentration has been as the private sector market than in the public sector. Prices paid to the external auditors for audit services … Read more
INTRODUCTION Taxation is one of the major fiscal policies the government of any nation such as Nigeria can use to achieve economic stability and in the financing of capital expenditure. Various taxes are levied upon the income, wealth or gain of an individual, family and business firm by the government for the purpose or benefits … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Working capital management is particularly important for small firms. A small firm may minimize its investments in fixed assets by renting or leasing plant and equipment but there is no way it can avoid an investment in cash debtors and stocks. Therefore current assets are particularly significant … Read more
CHAPTER ONE INTRODUCTION 1.0. BACKGROUND TO THE STUDY Taxation is not a new word in Nigeria or the world as a whole. In Nigeria, taxation has been in existence even before the coming of the colonial men or the British. Taxation can be defined as the system of imposing a compulsory levy on all income, … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Local government in Nigeria has been changed by the constitution of the responsibility or grassroots development and such recognized as the third time of government. There has been a number of national conference and seminars in local government in various parts of the country. All these, one … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Dividend according to Nwude (2003) “is the share of the company’s legally available profits divided among the shareholders and received by the shareholders in cash (where cash is paid out) or stock (where stock is paid) or both in other forms of paper claims to wealth”. Dividend … Read more
CHAPTER ONE INTRODUCTION 1.1. BACKGROUND TO THE STUDY Business Enterprises (SMEs) are seen as a driving force for the promotion of an economy (Khan and Jawaid, 2004) and they contribute immensely to the economic development of any country. According to OECD (1997), business enterprises play a major role in economic growth and development, creation of … Read more
CHAPTER ONE INTRODUCTION BACKGROUND TO THE STUDY Fiscal policy measures in Africa have been largely driven by the need to promote such macroeconomic objectives as raising revenue to finance rapid economic growth of their economies, generating employment, maintaining price level and exchange rates stability and balance of payments equilibrium. To achieve these objectives one of … Read more
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Small businesses are seen as one key source of economic growth. For this reason, myriad economic policies have been devoted to promote the economic activity within small businesses (Buss 2001). Small and medium enterprises (SMEs) form the core of majority of the world’s economies. A study carried … Read more