Adeolu Oludare Olatoye

Bio: Adeolu Oludare Olatoye is an academic researcher. The author has contributed to research in topics: Medical education & Cronbach's alpha. The author has an hindex of 1, co-authored 1 publications receiving 5 citations.

Perceived Effects of International Financial Reporting Standards (IFRS) Adoption on Quality Financial Reporting of Quoted Companies in Nigeria

Abstract: This study examined the effectiveness of IFRS on financial reporting quality of quoted companies in Nigeria. Five research questions were formulated and tested in this study. The study involved a sample of 150 respondents. A self-designed questionnaire was used, descriptive statistics and chi-square analysis at 0.05 level of significance was used to analyse the data gathered. Result showed that IFRS adoption would have significant positive effects on capital markets stability and efficiency. IFRS adoption would significantly improve the transparency and usefulness of account to investors. IFRS adoption would significantly improve public confidence in market and it will significantly enhanced the uniformity, comparability and reliability of the financial statements. Based on the findings, it was recommended among others that Standard setter such as financial reporting council should integrate the knowledge on the adoption of international financial reporting standard more in our institution curriculum. Regulatory authority such as security and exchange commission Nigeria Stock Exchange, Federal Board of Inland Revenue service should encourage all members and stakeholders to adopt as single financial reporting standard that will reduce information asymmetry in our economy. Keywords: Effectiveness, IFRS, Financial, Quality, Information and Reporting

Appraisal System and Engagement as Correlates of Job Effectiveness of Academic Staff

Abstract: The study examined the appraisal system and engagement as correlates of job effectiveness of academic staff. Two research questions and two hypotheses guided the study. A descriptive design of survey type was used. The population of this study comprised academic staff of Federal Colleges of Education, Lagos and Ogun States. The total population of the study is 637 lecturers. Simple random sampling technique was used in selecting a total of 300 lecturers from Federal Colleges of Education, Lagos State and Ogun State .Two researcher instruments tagged: Appraisal System Questionnaire (ASQ) and Engagement and Job Effectiveness Questionnaire (EJEQ) with 0.78 and 0.81 respectively were used for data collection. Regression analysis was used in answering and testing the research questions and hypotheses. The findings of the study revealed that there was significant joint contribution of the independent variables (appraisal system and engagement) on the dependent variable (job effectiveness of academic staff); R = 0.687, P< .05. About 44% of the variance in job effectiveness of academic staff was accounted for by the linear combination of the independent variables. The study recommended among others that appraisal system should provide accurate and relevant ratings of a lecturers’ job effectiveness as compared to pre-established criteria.

Awareness of Vocational and Technical Education Lecturers in Utilising the Emerging Technology Posed by Covid-19 Pandemic

Abstract: The study was carried out to examine the awareness of vocational and technical eduation lecturers in utilizing the emerging technology posed by Covid-19 pandemic in Oyo State Colleges of Education. To achieve the objectives of the study, three research questions were developed and answered while two null hypotheses were tested at 0.05 level of significance. The study adopted survey research design. The population for the study consisted of 150 lecturers. Total enumeration sampling technique was used for this research work. The questionnaire was faced and content validated by two experts from the Department of Business Education and one expert from Industrial Technical Education Department, Tai Solarin University of Education, Ijebu-ode. Cronbach Alpha method was adopted to ensure reliability of the instrument with the coefficient of r=0.96. This shows that the instrument is highly reliable. The questionnaire was administered on 150 respondents and all were successfully retrieved. Mean and Standard deviation were used to answer data related to research questions while t-test and ANOVA analysis were used to test the null hypotheses at 0.05 level of significance. The findings of the study revealed that awareness level of the Vocational and Technical Education lecturers on the use of available technological tools for teaching and learning is moderately high. The extent of usage of modern technological tools for teaching and learning is low compare to their awareness. Challenges faced by Vocational and Technical Education lecturers in using modern technological tools is moderately high. The study revealed that there is significant relationship between male and female Vocational and Technical Education lecturers on the extent of lecturers` awareness on the use of modern technological tools. The study as well revealed that there is significant relationship between the respondents on the challenges faced by Vocational and Technical Education lecturers in using modern technological tools for teaching and learning with respect to their years of experience. Based on the findings, it was recommended among others that government through a relevant agencies like Tertiary Education Trust Fund (TETFund) should assist in providing some adequate modern technological tools for Colleges of Education, school management should provide modern technological tools for the smooth running of teaching and learning, Seminars and Conferences on the use of modern technological tools be attended at an interval.

Vocational and Technical Education Lecturers’ Preparedness in Adopting The Emerging Technology Posed By Covid-19 Pandemic

Abstract: The study was carried out to examine the preparedness of vocational and technical education lecturers in adopting the emerging technology posed by Covid-19 pandemic in Oyo State Colleges of Education, Nigeria. To achieve the objectives of the study, two research questions were developed and answered while one null hypothesis was tested at 0.05 level of significance. The study adopted survey research design. The population for the study consisted of 150 lecturers. Total enumeration sampling technique was used for this research work. The questionnaire was faced and content validated by two experts from the Department of Business Education and one expert from Industrial Technical Education Department, Tai Solarin University of Education, Ijebu-ode. Cronbach Alpha method was adopted to ensure reliability of the instrument with the coefficient of r=0.96. This shows that the instrument is highly reliable. The questionnaire was administered on 150 respondents and all were successfully retrieved. Mean and Standard deviation were used to answer data related to research questions while t-test analysis was used to test the null hypotheses at 0.05 level of significance. The findings of the study revealed that preparedness level of the Vocational and Technical Education lecturers on the use of available technological tools for teaching and learning is moderately high. Based on the findings, it was recommended among others that government through a relevant agency like Tertiary Education Trust Fund (TETFund) should assist in providing some adequate modern technological tools for Colleges of Education, school management should provide modern technological tools for the smooth running of teaching and learning, Seminars and Conferences on the use of modern technological tools be attended at an interval.

Intermediate Accounting I

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The comparability of International Accounting Standards and US GAAP: an empirical study of Form 20 reconciliations

Abstract: This paper studies the comparability between US GAAP and International Accounting Standards/International Financial Reporting Standards (IAS/IFRS) by looking at the Form 20-F reconciliation adjustments to US GAAP made by firms using IASs in the period from 1995 to 2001. Adjustments have been classified in categories to identify the characteristics of reported differences: frequency, significance and materiality. Previous research by Street et al. and by Adams et al. found evidence that the differences were both material and significant. We identify the areas that are frequently reconciled and that produce material adjustments. Overall, we conclude that, although material differences still exist, IASs and US GAAP seem to be converging.

International Financial Reporting Standards Adoption and Earnings of Quoted Banks in Nigeria

Abstract: The aim of this study is to examine the effect of adopted International Financial Reporting Standards (IFRS) adoption on the earning yield and earning per share of quoted banks in Nigeria. The study made use of cross sectional data obtained for a period of 6 years from 2009-2014, while the panel ordinary least method of analysis was used to examine the impact of IFRS adoption on the earnings of all 15 quoted banks in the Nigerian Stock Exchange. The study found a significant and positive relationship between IFRS adoption and the earning yield of quoted banks in Nigeria. The study also found a significant and positive relationship between IFRS adoption and earning per share of quoted banks in Nigeria. The study concludes that IFRS adoption has improved the decision making capability of the various stakeholders, thus, increasing investor confidence and the inflow of capital in the country through foreign direct investment. The study suggests that, in order to safeguard the suitable adoption of IFRS in Nigeria, competent Accountants and Auditors in IFRS are required in large number and that the Institute of Chartered Accountants of Nigeria (ICAN) must intensify it efforts in organising IFRS based training programmes for its members and other parties connected with corporate reporting. Keywords: Corporate Reporting, Adoption, Performance, Local GAAP, IFRS JEL Classifications: G23, M4