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» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Accounting regulatory bodies usually formulate industry specific standards when an industry has peculiar characteristic of accounting for banks and non bank financial institutions. The oil and gas industry is one of such industries that has specific accounting standards. This can be attributed to its peculiarity interms of high capital requireme...Continue Reading »
50 pages | 6 engagements |
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» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Small and medium scale enterprises are the engine that drives most economies of the world. Their importance to the economy of Nigeria cannot be overlooked. SMEs activities both international and local have contributed immensely to the gross domestic product in the economy as they participate in manufacturing, importation, exportation, employment...Continue Reading »
50 pages | 12 engagements |
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» CHAPTER ONE INTRODUCTION A financial statement is defined by accounting standard committee (ASC) as a balance sheet, profit and loss accounts, and statement of source and application of unds, notes and other statements, which collectively are intended to give a true and fair view of the financial position and profit or loss. Several companies incorporate fixed assets valuations into their balance ...Continue Reading »
50 pages | 8 engagements |
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» CHAPTER ONE INTRODUCTION 1.0 BACKGROUND OF THE STUDY In his budget of December 23, 2011 presented the year 2012 budget, there the governor of Enugu state governor Sullivan chime said that the thrust of the 2012 budget is poverty reduction of the people. The state government appreciated the dangers of delaying of delaying the narrowing of gay between the tow socio economic order ,the rich and the p...Continue Reading »
50 pages | -1 engagements |
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» Chapter one Introduction A firm usually evaluates its working capital management whether small or medium. The sole motive of every business is to make profit. Many organization can be seen to have bee forced out of business simply because of inadequate or excessive management of working capital. This could be as a result of over trading, under trading, lack of a careful appraisal of the procedure ...Continue Reading »
50 pages | 10 engagements |
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» CHAPTER ONE INTRODUCTION 1.1 Background of the Study The introduction of banking system emerged in 1891 but actually started in 1892. The ACB bank, but when the bank was managed by colonial masters there was a lot of disparity in employment given out loans to Nigeria indigenes and also having their head office in London. The Nigeria citizen objected to that and formed their own bank which was ruin...Continue Reading »
50 pages | 2 engagements |
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» CHAPTER ONE INTRODUCTION 1.0 BACKGROUND OF THE STUDY The global economic recession, which started in 1980’s as a result of decline in the economic growth of industries nation, high rate of inflation, dramatics rise in price of crude oil, increase cost of important a massive building up of liquidity in the international capital market and unusual fluctuation in commodity prices was not fully ...Continue Reading »
50 pages | 4 engagements |
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» CHAPTER ONE INTRODUCTION BACKGROUND TO THE STUDY Taxation is a compulsory levy imposed by the Government on the incomes of taxpayers in a geographical territory in order to defray the expenses of governance. This implies that anybody that generates income must compulsorily pay taxes. There are different types of taxation. These include the personal income tax, company’s income tax, and petro...Continue Reading »
50 pages | -1 engagements |
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» CHAPTER ONE INTRODUCTION In most developing countries Nigeria, government’s participation in economic activity is usually significant. One of the ways through which the government has intervened in the Nigeria economy is through the establishment of public enterprises. Public enterprises are statutory bodies operating services of an economic or social character or both on behalf of the gover...Continue Reading »
50 pages | -1 engagements |
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» CHAPTER ONE 1.1 INTRODUCTION Air conditioning unit is a system for regulating the humidity, ventilation and temperature in an enclosure. Air conditioning also involves a regulated supply of air at some desired temperature and relative humidity. The aim of air conditioning modification is to improve on the working efficiency as well as the durability of the device in order to meet modern day requir...Continue Reading »
50 pages | 12 engagements |
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» CHAPTER ONE 1.0 INTRODUCTION Vegetables constitute commercially and nutritionally important indispensable food commodity. Vegetable naturally play a vital role in human nutrition by supplying the necessary growth factors such as vitamins and essential minerals in human daily diet and that can help to keep a good and normal health. Vegetables are widely distributed in nature. One of the limiting fa...Continue Reading »
50 pages | 5 engagements |
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» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND Even though a country may be naturally endowed with diverse kinds of resources, the gestures of such country lies in her ability to manage her resources properly. Public sector, in a nutshell, is the sector that manages the resources of the government in other to ensure effective and efficient allocation of these resources for satisfaction of the citizenry c...Continue Reading »
50 pages | 7 engagements |
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» CHAPTER ONE INTRODUCTION Cost accounting has long been used to help managers understand the costs of running a business. Cost accounting today is recording, budgeting, analyzing and determining cost for products manufactured.Modern cost accounting originated during the industrial revolution, when the complexities of running a large scale business led to the development of systems for recording and...Continue Reading »
50 pages | 5 engagements |
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» CHAPTER ONE Introduction Nigeria Commence and Industry are passing through a period of economic recession, they are struggling to maintain satisfactory earnings in a situation where cost are raising and some industrialist complained that price increase are becoming more and more difficult to obtain even at less proportionate degree with cost.Foreign and domestic competition as well government effo...Continue Reading »
50 pages | 16 engagements |
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» CHAPTER ONE 1.1 INTRODUCTION OF THE STUDY The relative insufficiency of fund for capital investment is a common factor in every economy especially in developing counties of the world. In developing counties like Nigeria; the low level of capital investment manifest in high unemployment rates; low productivity and corresponding low standard of living for greater majority of the population. Finding ...Continue Reading »
50 pages | -1 engagements |
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» CHAPTER ONE INTRODUCTION 1.1 Background of study Union Bank of Nigeria plc is one of the first generation banks started to the colonial era. Formally known as Baraclays bank DCO (Dominion Colonial and Overseas) it was opened in 1917. In compliance with the directive of the government in 1968, that all companies (Including Banks) must be incoporated locally in Nigeria in 1969 and its name was conse...Continue Reading »
50 pages | -1 engagements |
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» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The management of the economy in the past has been characterized by corruption and financial mismanagement which made the country to have persistent balance of payment problems. This financial mismanagement was more pronounced during the civilian administration of 1979 1983 and the dictatorial government of general Sani Abacha of 1993 to 1998.Th...Continue Reading »
50 pages | 14 engagements |
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» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Fraud is irregularities involving the use of criminal to obtain and against illegal advantage. Fraud involving the manipulation of the record and the accounts, usually by the company’s senior oicers, with a view to benefiting in some way from the false picture which they convey (eg obtaining finance under false pretences, or concealing a m...Continue Reading »
50 pages | 16 engagements |
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» CHAPTER ONE INTRODUCTION 1.1 General introduction and background of the study The management of an organization’s capital relates to the finance and investment of non human resources, that is, physical and monetary assets, for the purpose of maximum benefit in terms of profitability. According to Frear (1980) profitability is determined in part by the way in which a company manages its worki...Continue Reading »
50 pages | -1 engagements |
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» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY banking institutions perform an enviable role of being an important source of capital for development. This emanates mainly from the role, which banking institutions play in mobilizing various deposits and deploying same towards feasible and viable money yielding ventures. Banks through the provision of loans and advances, which are the lifebloo...Continue Reading »
50 pages | -1 engagements |