The Role and Obligations of Accountants in the Development of Nigeria

The Role and Obligations of Accountants in the Development of Nigeria by Chike, C. Udemezue Download PDF EPUB FB2

Nigerian accountants, then, experience different problems and face different challenges from those in the developed economies of Europe, United Kingdom countries, North and South America, and Asia.

This study will present observations and recommendations that will impact the social change processes of Nigeria and other developing countries as they move toward their national and economic development goals.

The Role of Accounting in National Development. “THE ROLE OF ACCOUNTING IN NATIONAL DEVELOPMENT”, shows how accounting play a major role in the sustenance of economic viability, political stability and social harmony in any given state or nation. The reason for this obvious fact as regarding our national development is not farfetched considering the enormous multisectoral dimension of Nigerian economic activities.

Accountants plays a very vital role in the development of Nigeria economy. They also contribute efficiently to the development of some business organization in Nigeria example (Nigeria Bottling Company).

The role of accountants. The role of accountants in the Nigeria economy is an appraised of the roles being played by the accountant towards the economic development of Nigeria.

The primary objective of the research work is to identify the types of accountant operating in the Nigerian economy their contributions to the economic development. The role of accountant in the economic development of Nigeria could have been very vest tedious as mostly research as mostly research work to undertake, but the topic has been limited to a particular area, Nigeria Bottling Company Onitsha, which made it researchable for the researcher/5(10).

the roles of accountant and auditor in corporate governance i nigeria Article (PDF Available) in International Journal of Humanities and Social Science 4(1) January with 7, Reads. The role of accounting in Nigeria’s enterprises is primarily to ensure accurate accountability, true and fair financial position of the enterprise.

This role is of utmost importance to any organization. An organization can only grow or profit when the resources at its disposal Author: Juliet Israel. Assessment of Nigeria’s Role in the Development of Economic Laws in ECOWAS Dr. Bassey Department of History & Int’l.

Studies Akwa Ibom State University(AKSU) Obio Akpa Campus, P.M.B, Uyo, Nigeria. The Roles and Responsibilities of Management Accountants in the Era of Globalization By Mohammad Ahid & Ayuba Augustine University Utara Malaysia.

Abstract - The accounting profession has witnessed another severe criticism in the light of the recent global economic turmoil. Many questions were raised about the role of accountants.

formation of the first accounting body in Nigeria, The Institute of Chartered Accountants of Nigeria (ICAN). In addition, the study critically examines the state dynamism that have facilitated in shaping the outcome of the various events in the history of the accounting profession in Size: KB.

The role of accountant in the economic development of Nigeria could have been very vest tedious as mostly research as mostly research work to undertake, but the topic has been limited to a particular area, Nigeria Author: Chrisantus Oden. The historical development of Accounting and finance education cannot be isolated from the advent of western education in Nigeria.

According to Wintoki () and Coker () the development of accounting in Nigeria can be traced to the time when the Companies Ordinance of was enacted. The second major development of accounting Author: Mansur Muhammad Bashar.

Sustainability: the role of accountants analyses the role of accountants in sustainability by considering how information supports mechanisms through which market activity is directed towards.

This article originally appeared in the China Accounting Journal, published by the Chinese Institute of asked what accountants do, responses often mention roles such as tax agents and independent auditors.

The functions performed by the vast number of professional accountants. No discipline can develop without a strong theoretical base practice should backed by sound theory. This article covered the History of Accounting Development; it embodies stewardship, Ancient civilization of accounting, double entry and book keeping system.

Accounting as it is practiced today, evolved gradually over the years, and we can must pin-pint the time of the first Accounting.

Hi: Adequate internal control system is necessary for reliable accounting information. SCOPE AND LIMITATION OF THE STUDY The study will cover the externalist trade of accounting, the purpose of accounting, the users of accounting information, the problems facing accountants in the present day Nigeria and the role of accounting.

The role of the accountant in a business environment has been evolving over the years. Besides traditional accounting knowledge, accountants need to possess other skills that are vital to their. Chief Accounting – The chief accountant holds the same responsibilities as the accounting manager, but the role simply differs in terms of the job title.

Accounting Supervisor – Shares the same responsibilities as an accounting. PROECT TOPIC: ROLE OF ACCOUNTING IN NATIONAL DEVELOPMENTA FOCUS ON A DEVELOPING ECONOMYSUCH AS NIGERIA includes abstract and chapter one, complete project material available ROLE OF ACCOUNTING IN NATIONAL DEVELOPMENT: A FOCUS ON A DEVELOPING ECONOMY SUCH AS NIGERIAPROPOSAL Accounting and financial reporting in the public sector especially in Nigeria.

The role of management accountant is a senior advisory one, and management accountants are therefore expected to conduct themselves with professionalism and integrity at all times.

Project Accountant. Project accountants /5(). Accounting is the system of recording, classifying and summarizing financial information in such a way that users of the information can make economic decisions based upon it.

Accounting .Challenges For New Chartered Accountants The several career opportunities for Chartered Accountants also pose equivalent challenges to both individuals and to the profession as a whole.

Some of these challenges include: 1. Information Technology Competency In the past, Accountants File Size: KB.coverage in the business and accounting learning programs, it is unlikely that accounting professionals will have sufficient relevant training in ethics.

Therefore, it is the role of member bodies, corporate trainers and education providers to ensure professional accountants .