Akabom Ita Asuquo

Bio: Akabom Ita Asuquo is an academic researcher from University of Calabar. The author has contributed to research in topics: Revenue & Gross domestic product. The author has an hindex of 6, co-authored 21 publications receiving 78 citations.

Environmental friendly policies and their financial effects on corporate performance of selected oil and gas companies in niger delta region of nigeria

Abstract: Environmental friendly policies are those policies which are concerned with the environmental protection processes and further ensure that there is a logical determination of the costs of environmental degradation due to industrial activities, and internalize them in corporate accounts to the extent possible. This study was carried out on the environmental friendly policies and their financial effects on corporate performance of selected oil and gas companies in Niger Delta Region of Nigeria. It was aimed at investigating if companies operating in the Niger Delta Region of Nigeria practice environmental accounting to the extent of inclusion of environmental friendly policies, and if so, how this affects the profitability of these companies. Data were collected from both primary and secondary sources. Thereafter, the data were analyzed using simple ordinary least square regression method and the study hypothesis was also validated. It was revealed that the cost of ensuring environmental friendly policies as well as firm competitiveness have significant relationship with the firms’ profitability (Corporate performance). Thus it was concluded that the related cost of environmental protection and management positively influences a firm’s profitability; and environmental friendly organization enjoy high level of corporate competitiveness resulting in high performance. The study therefore recommended that firms should formulate and implement environmental friendly policies to enhance their competitiveness, acceptability and stability, which would subsequently result in high performance. Keyword: Environmental friendly policies, corporate performance, environmental accounting practice, positive accounting theory.

Inflation accounting and control through monetary policy measures in Nigeria: Multi-regression analysis (1973-2010)

Abstract: This study was carried out to evaluate Inflation accounting and control through monetary policy measures in Nigeria from 1973 to 2010. Secondary data were used empirically to do the assessment. Aggregate data on independent variables (monetary policy measures) that affect inflation were collected and analyzed using multiple regression model and the ordinary least squares estimation techniques. From the analysis carried out, it was found that some of the variables (money supply, interest rate and exchange rate) were statistically significant, which means that the studied variable could be used to predict inflation. Furthermore, domestic credit was not statistically significant, even though it could be used as a policy variable to account for inflation. Based on these findings, it was recommended that monetary supply, interest rates and exchange rates should be the principal policy variables to be manipulated in controlling inflation in Nigeria. I. Background of the study Inflation is a serious macroeconomic problem and it is an aspect of macroeconomic instability. It can make a comparison of economic conditions at different point in time quite difficult, creates complications for economic measurement, and brings uncertainty when we try to look into the future. Inflation is a substantial and sustained increase in general price level leading to disequilibrium thus undermining the ability of money to serve as a tool for market coordination. In Nigeria, monetary policy measures are used to control inflation and other macro-economic variables in order to ensure economic stability. Monetary policy involves measures designed to regulate and control the volume, cost, availability and direction of money and credit in an economy to achieve some specific macroeconomic policy objectives (Anyanwu, and Oackhenan, 1995).

Analysis of Financial Accounting Standards and Their Effects on Financial Reporting and Practices of Modern Business Organizations in Nigeria.

Abstract: This study focused on the effects of financial accounting standards on financial reporting and practices of modern business organizations in Nigeria. It discussed extensively the objectives, impacts, approaches and processes leading to standard setting and financial reporting. It also discussed some arguments in favour and against financial accounting standards. The study looked at critical issues in standard setting as well as the application of accounting standards in financial reporting and practices. Both quantitative and qualitative survey methods were used to obtain relevant data for the study. These data were analyzed using Pearson’s product moment correlation coefficient to test the relationship between accounting standards and financial reporting and practices of business organizations in Nigeria. The result showed a high and positive level of correlation. The chi-square statistical tool was also used to test the cost implication of adhering to accounting standards. The result showed that there is a significant level of cost associated with the application of financial accounting standards in financial reporting and practices. Suggestions were made that standard setter should state the limit to which the public contribute to the standard setting while looking at the peculiarities of individual enterprise as this will prevent the watering down of standards through the exposure draft. Finally, that Financial Accounting Standard Board should state the cost/benefit of adhering to financial standards in financial reporting particularly in terms of the disclosure of intangible assets as this will build the confidence of the financial reporters .and users of financial reports. Keywords: Financial Accounting Standards, Financial Reporting, Exposure Draft, Free-market Approach, Regulatory Approach, National Accounting Standard Board.

Empirical Analysis of The Impact of Information Technology On Forensic Accounting Practice In Cross River State- Nigeria.

Abstract: The increasing rate of computer based financial crime has created a huge demand for the skills and services provided by forensic Accountants in the country. Forensic Accountants are specialized individuals who use information technology to gather and analyze evidence pertaining to the case they investigate. The main objective of this study was to investigate empirically, the impact of emerging information technology on forensic accounting activities in Cross River State. A survey, using self-administered interview was conducted to achieve this objective. Forty (40) interviews were conducted with various accounting professionals who are directly or indirectly linked to the business of investigative accounting. Data collected were analyzed using ANOVA statistic. The results of the study revealed that accounting professionals need to enhance their knowledge and skills of computerized accounting systems for the purpose of planning, directing, supervising and reviewing the work performed. Therefore, accounting professionals should better understand and evaluate their computerized accounting systems to enable them carry out more effectively, the business of investigative accounting now and in the future.

Correlational and Differential Influence of Historical Cost and Current Cost Profits on the Operating Capabilities of the Firm

Abstract: The study investigated the correlation and differential influence of historical cost and current cost profits on the operating capabilities of the firm. The financial statements of thirty-one Nigerian Companies were surveyed and adjusted for effects of price changes using the Consumers’ Price Index (CPI). Correlation influence between the historical cost profits on the operating ability of the firm was measured and established on one hand and that of current cost profit on the other hand. Differential impacts of the method of profit measurement on the operating capability of the firm was equally measured and established. The weighted value of students’ distribution – t, HC reveals a correlation which is materially significant between profits and operating ability of the firm. Equally, the F-test result reveals substantial differential impacts of profits measured on historical and current cost bases on the operating ability of the firm during periods of rising prices. Companies interested in maintaining equal operational strength during periods of changing prices are to adopt appropriate basis of profit measurements commensurating the impacts of price changes for the sustenance and survival of the firm.

会計理論の構造 = Accounting theory

Abstract: 第１章 会計理論の対象—ＡＳＯＢＡＴの序説を中心として 第２章 会計理論の形成方法—理論形成の方法論 第３章 会計理論の認識—会計における認識論 第４章 会計理論の基礎概念—ペイトン・リトルトンの基礎概念 第５章 会計理論の基礎単位—資産・負債・資本および費用・収益概念 第６章 会計理論の効用—リトルトンの所説を中心として

International Competition and Exchange Rate Shocks: A Cross-Country Industry Analysis of Stock Returns

Abstract: It is widely accepted that, for some industries, competition across countries is" economically important and that this competition is strongly affected by exchange rate changes." This paper explores the validity of this view using weekly stock return data on 320 industry pairs" in six countries from 1975 to 1997. It is found that common shocks to industries across countries" are more important than competitive shocks. Weekly exchange rate shocks explain almost" nothing of the relative performance of industries. Using returns measured over longer horizons the importance of exchange rate shocks increases slightly and the importance of common shocks" to industries increases more substantially. Both industry and exchange rate shocks are more" important for industries that produce goods traded internationally, but the importance of these" shocks is economically small for these industries as well.

An Introduction of Research Methodology

Abstract: The competence in problem determination, problem analysis, proposing and mapping several candidate solutions up to selecting the appropriate confirmation approach is important for establishing scientific character since undergraduate program in the University. Scientific character couldn't be obtained in instant, gradual understanding in basic of critical thinking and the way to conclude, even more to believe in something also requires appropriate scientific way of thinking. Concerning this responsibility, it is important to introduce the principle and basic concept of the nature in research activity since the beginning of the undergraduate program.

Now you see it .....

Abstract: In this issue of the BDJ we are publishing a 'Personal View' titled Do we really want a quick fix? This report examines some of the claims made in certain articles, mainly in the controversial areas of orthodontics, orthopaedics and TMJ disorders. Rob Chate, the author, has presented an overview of the evidence to clarify the whole area as scientifically as possible.