Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 3‚ No 10‚ 2012 www.iiste.org International Financial Reporting Standard (IFRS): Benefits‚ Obstacles And Intrigues For Implementation In Nigeria *IKPEFAN‚ OCHEI AILEMEN Ph.D (Banking &Finance)‚ ACA‚ACIB Department of Banking & Finance‚ Covenant University‚ Ota‚ Ogun State E-mail: ochei_ikpefan@yahoo.co.uk; Tel:234- 08053013418 **AKANDE‚ A.O B.Sc (Business Administration)‚ MBA; Department of
Premium International Financial Reporting Standards
CHAPTER 5 Merchandising Operations and the Multiple-Step Income Statement ANSWERS TO QUESTIONS 1. (a) Disagree. The steps in the accounting cycle are the same for both a merchandising company and a service company. (b) The measurement of income is conceptually the same. In both types of companies‚ net income (or loss) results from the matching of expenses with revenues. 2. The components of revenues and expenses differ as follows: | | Merchandising | | Service | RevenuesExpenses
Premium Revenue Generally Accepted Accounting Principles
making it impossible for them to prosper (Edokpayi‚ 2004). To explore this issue I wish to analyze the effect of globalization on one of the richest countries in resources in Africa – Nigeria. I want to explore in particular the negative and positive effects that oil prospecting has had in the Niger Delta region of Nigeria‚ economically‚ socially and environmentally. I also wish to analyze the extent to which the Nigerian government is responsible for the region’s lack of economic prosperity. My hypothesis
Premium Nigeria Petroleum Royal Dutch Shell
majority of the people have been hijacked by a few powerful individual who now control land and land resources in collaboration with multinational companies. In most part of southern Nigeria‚ particularly the Niger Delta region‚ the administration of Landwas carried out under the customary tenure. At this point of time Nigeria was under military dictatorship.Following are a couple of the drawbacks of the Act: 1)Power of Governor to revoke rights of occupancy. The main fault of the Land Use Act
Premium Management Risk Contract
the right country‚ the United States‚ at the right time (1930)”. None of us has a say in where he is born‚ but we can do something about it for our children. I therefore wish to discuss each factor associated with quality of life as related to Nigeria and plead for suggestions from all of us on how to improve on them so as to make this country a good place for us to live: * Material wellbeing as measured by GDP per head: The gross domestic product (GDP) or gross domestic income (GDI) is
Premium Gross domestic product
INEC to use NYSC members as ad hoc staff By Ezra Ijioma Saturday‚ 21 Aug 2010 View All (15) Comment(s) Print Post Comment Facebook Twitter Send to friend Director-General‚ National Youth Service Corps‚ Brigadier-General Ismaila Maharazu Tsiga The Chairman of Independent National Electoral Commission‚ Prof. Attahiru Jega‚ has reiterated his commitment in using members of the National Youth Service Corps as ad hoc staff for the
Premium Election Elections Voter turnout
Gender and Poverty in Nigeria Exploration of Journal article in Sociology Amanda Watson Professor Melanie Townsend Introduction to Sociology 04/27/12 I read an article dealing with the connection between gender and poverty in Nigeria. I believe that the article was a primarly view of existing research. I feel that it is because the author never said he conducted the research. It was said the study found out this or that. If the
Premium Sociology Culture Gender role
success or infrastructure quality suggest that much of this expenditure was conceived too hastily and ended up largely leading to waste and corruption. Weak institutions and poor governance have contributed substantially to Nigeria’s public debt problems‚ as the majority of projects financed by public borrowing during the late 1970s and 1980s failed to generate an adequate rate of return needed to improve the repayment capacity of the country. Thus during the 1970s‚ public expenditure was primarily
Premium Macroeconomics Currency Foreign exchange reserves
THE GROWTH OF ADR IN NIGERIA By Enenche Eleojo 1. INTRODUCTION As human beings‚ we are caught up daily in a complex web of social and commercial interactions. For as long as these interactions continue‚ interests are bound to clash. When interests clash or are in completion with the interest of others then we can say a dispute has arisen. For as long as humans exist there will be disputes. What makes the difference is how the disputes are resolved. Instinctively‚ once a dispute arises
Premium Dispute resolution Law Alternative dispute resolution
THREE YEARS OF GSM REVOLUTION IN NIGERIA By Ernest C. Ndukwe‚ Executive Vice Chairman‚ Nigerian Communications Commission (NCC) INTRODUCTION ♦ Telecommunications is acknowledged as one of the most important infrastructures essential to the socio-economic well-being of any nation. ♦ The globalisation of world economy has further amplified the importance of telecommunications to the economy. ♦ The Telecommunication Sector is one of the fastest-growing sectors‚ and in terms of capitalization
Premium Telephone company Telecommunication Mobile phone