jetems.scholarlinkresearch.org Economics and Management Sciences (JETEMS) 2(1):1-8 (ISSN:2141-7024) Budget Deficit and Inflation in Nigeria: A Causal Relationship 1 1 S. O. Oladipo and 2T. O. Akinbobola Department of Economics and Accounting‚ Bells University of Technology‚ Ota‚ Nigeria 2 Department of Economics‚ Obafemi Awolowo University‚ Ile-Ife‚ Nigeria Corresponding Author: T. O. Akinbobola ____________________________________________________________ ______________________________
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Bureau of Internal Revenue (Philippines) The Bureau of Internal Revenue (Filipino: Kawanihan ng Rentas Internas‚ or BIR) is an attached agency of Department of Finance. BIR collects more than one-half of the total revenues of the government. Functions The powers and duties of the Bureau of Internal Revenue are: Assessment and collection of all internal revenue taxes‚ fees and charges; and enforcement of all forfeitures‚ penalties‚ and fines connected therewith‚ including the execution of judgments
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Executive Summary This project focuses on existing problems‚ importance of efficient the country risk of Nigeria. In this regard we have identified their culture‚ people‚ economy‚ investment‚ opportunity‚ some key problems like Corruption‚ bureaucracy‚ piracy‚ Counterfeit‚ Criminal activities and fraud‚ legal safeguards etc. This paper also intends to show the regulatory framework issue‚ micro economic and macroeconomic issue to give a detailed picture of the Nigerian business Risk. But there
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3.6 Revenue recognition with examples when goods are sold under sale or return There are cases when payments are received prior to events that trigger revenue recognition. In that case‚ cash is debited and the unearned revenue is credited. On the other hand‚ when revenue recognition is triggered before actual payment is received‚ accounts receivable is debited while revenue is credited (“Revenue Recognition Principle‚” 2013). Goods are sold under sale or return when they are “sent by the supplier
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Just like any other business that keeps track of claims for payments the health care industry also has a system of their own called The revenue cycle. The revenue cycle manages claims processing‚ payment and revenue generation. Meaning the process includes keeping track of claims and making sure payments are collected and denied claims are addressed in an appropriate manner. In present times health care industry is a very complicated in terms of managing the services provided. A physician must document
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My experience of oppression when I was in Nigeria Women are exploited and face oppression every day mostly single women.. In the workplace women are forced into low paying‚ insecure and in the community. Women’s problem does not stop at the work place. In my own experience‚ when I was in Nigeria with my mother‚ she was oppressed; she couldn’t buy a house because she was a single mother. The seller wanted to sell his house to a married woman or couple because they think that a single mother cannot
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Law‚ Corporate Objective and Social Responsibility: The Nigerian Situation Background Information Corporate associations largely influence the lives of humans and economies of nations. Confederation of British Industry rightly notes that human ‘...lifestyle is determined by the activities and the style of businesses’. [1] These businesses are in turn largely determined by the activities and styles of companies.[2] Therefore‚ the impacts of businesses and their organisations on
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REGULATIONS OF FINANCIAL REPORTING IN NIGERIA INTRODUCTION Regulation of accounting information is aimed at ensuring that users of financial statements receive a minimum amount of information that will enable them take meaningful decisions regarding their interest in a reporting entity. The bodies responsible for these regulations are often statutory agencies such as the Financial Reporting Council‚ Securities and Exchange Commission and the
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CHAPTER 7 Revenue and Collection Cycle LEARNING OBJECTIVES Review Checkpoints Exercises‚ Problems‚ and Simulations 1. Discuss inherent risks related to the revenue and collection cycle with a focus on improper revenue recognition. 1‚ 2‚ 3 59 2. Describe the revenue and collection cycle‚ including typical source documents and controls. 4‚ 5‚ 6‚ 7‚ 8 54‚ 55‚ 61‚ 63‚ 64‚ 66 3. Give examples of tests of controls over customer credit approval‚ delivery‚ and
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country like Nigeria has been operating below the percentage recommended by UNESCO as our expenditure on education usually lies around 5.3%. According to the Federal Ministry of Education (2003)‚ the educational system in Nigeria faced ill periods between 1979-1995 due to resurgence of instability and financial inadequacies in the management‚ and was affected by the general economic downturn of the 1980s. In response to this‚ the Federal Government subsequently increased the budget allocation to
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