Financial Reporting Timeliness in the Local Governments of Edo State PDF Download

Author: WOLI CHARITY T.
Publisher: GRIN Verlag
ISBN: 3668878730
Category : Business & Economics
Languages : en
Pages : 79

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Book Description
Academic Paper from the year 2016 in the subject Economics - Finance, grade: Bsc, University of Benin, course: accounting, language: English, abstract: This research work investigates the timeliness of financial reporting in Edo State local governments. The study specifically examines the influence of the size of the local government, technology, complexity and auditor competence in relation to the timeliness of financial reporting in the local government. A total of twenty-four structured questions and eighty questionnaires are used to evaluate respondent’s perceptions. The process of getting financial information from any local government takes time because the users have to wait until the financial accounts are published in the official government gazettes. As a result, there is a possibility of lack of interest in the financial accounts of local government as any potential issues fade with the passage of time if the reporting is overly late or inexplicable, so it will lose its relevance. Some critical issues identified which are responsible for delay in reporting in local government include the current environment of across-the-board budget cuts, over bloated size of the local government, lack of technology advancement, increased number of unqualified staff resources and new accounting standards, poor internal control system, inadequate system to record account for and monitor spending in terms of legislated processes. The findings reveal that the size and the complexity of the local government have significant impact on the timeliness of financial reporting, while auditor competence has no impact on timeliness. It recommends that the local government council in Edo State should ensure that their financial statements are published at the right time of their financial year so that users of the financial statements can have access to their reports. It is concluded that the timely release of a financial report is an essential ingredient for maintaining confidence in the minds of the stakeholders, as the lengths of time in which financial statements are reported to have an impact on the progress of the local council.

Author: Augustine Osayande
Publisher: GRIN Verlag
ISBN: 3668604223
Category : Science
Languages : en
Pages : 15

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Academic Paper from the year 2017 in the subject Geography / Earth Science - Physical Geography, Geomorphology, Environmental Studies, grade: A, University Of Abuja, course: Goegraphy and Environmental Management, language: English, abstract: This research is on victim’s perception of gully erosion in Edo State, Nigeria. The primary objective was to evaluate how victims understand causes, effects of gully erosion and effectiveness of erosion control measures in the study area. The research used questionnaire as a tool to examine victims perception of gully erosion in the area. Out of 480 questionnaire administered, 454 were returned and they were used for the analyses. Based on the findings of this study, victims of gully erosion in the area attributed causes to poor construction of culverts, deforestation and termination of drainages in sloppy topography. They agree that gully erosion in the area has resulted to losses of human lives, losses of buildings, displacement of people and losses of productive land. Victims also confirmed damages of infrastructures such as roads, bridges, buildings and altering of transportation corridors. Their responses revealed that gully erosion has resulted to decreased species richness, slowed succession and declining agricultural productivity which means less vegetation cover to soil, less return of organic matter and less biological and nutrient activity.

Author: adeola ajayi
Publisher: GRIN Verlag
ISBN: 3656230560
Category : Business & Economics
Languages : en
Pages : 56

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Seminar paper from the year 2010 in the subject Leadership and Human Resources - Miscellaneous, University of Nigeria, course: introduction to personnel management (PAD 635), language: English, abstract: The study examined motivation as a tool for productivity in the Nigerian civil service: A case study of Edo State Civil Service. It also identified the motivational strategies that exist in Edo State Civil Service. In addition, the degree of implementation of these motivational strategies in Edo State Civil Service was examined as well as the effectiveness of the identified motivational strategies on the productivity of the Civil Servants in Edo State. The study used both primary and secondary data. The study revealed that the civil service in Edo State enjoys some motivational incentives from the State Government, although the motivational incentives are rarely implemented in the State Civil Service. They study revealed that increase in remuneration among others like reward for loyalty, availability of opportunity and provision of working tools are motivational mechanisms adopted by the Edo State Civil Service towards increase in employees’ productivity. The finding of the study revealed that job satisfaction level of staffs of Edo State civil Service is affected or determined by a number of factors which include wages and salary, pension and gratuity, promotion work environment and the work condition. The study also revealed that the Edo State Civil Service motivational strategies like prompt payment of salary and granting of housing and car loans are poorly implemented. The study posits that the morale and initiatives of the Edo State Civil Servants is dampened due to the improper implementation of these motivational strategies which may not at all times be disconnected from politics of favouritism and nepotism. The study concluded that employers should be able to help employees see that the organization can help them satisfy their needs and utilize their potentials to contribute to the achievement of the organizational goal. Workers are affected by different needs at different times; this means that individual worker is motivated differently. Also, those human needs could be interdependent and overlapping. The government should endeavour to integrate goals of the organization with those of its employees and continuer to adopt the supportive management technique.

Author: Mujeeb Muraina
Publisher: GRIN Verlag
ISBN: 3346319113
Category : Political Science
Languages : en
Pages : 8

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Essay from the year 2018 in the subject Politics - International Politics - Region: Africa, grade: 87%, Obafemi Awolowo University, course: Management Problems in Nigeria Local Government, language: English, abstract: The yearnings for development in rural communities and urban localities have increased call for more local government creation in Nigeria. However, the question of who creates local government remains one of the controversies of the contemporary Nigerian federal arrangement. The study analyses the question of local government creation in Nigeria and the criteria for such creation. Local government creation in Nigeria has been through numerous experiences that we tend to ask at some points in time: “who creates local government?” Numerous attempts have been geared towards bringing government nearer to the people at the most basic level. The importance of bringing government nearer to the people cannot be overemphasized. This translates to bringing services of great importance to the welfare and livelihood of the community. Such services have high positive implication on the standard of living of the people at this primary level of administration. The Nigerian experience has brought another dimension to discourse of local government being a residual affair of the state government as it is obtainable in classic federal states like United States, Canada amongst others. In other words, creation of local government is the prerogative of state, provincial or regional government. The Nigerian case through the local government creation tussle between the federal government and Lagos State government has left many wondering which level of government wields the power to create local government. This paper seeks to answer the shrouding question of ‘who creates Local Government?’ and highlight the criteria for creating local government in Nigeria. It does this through its various parts.

Author: Dr. David Ackah
Publisher:
ISBN: 9783656842378
Category :
Languages : en
Pages : 48

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Scientific Essay from the year 2014 in the subject Business economics - Business Management, Corporate Governance, language: English, abstract: MMDAs as development partners to the central government need to mobilize enough revenue locally to support the central government development agenda. Inadequate financial resources can undermine the effective implementation of developmental projects in MMDAs. Budgets are important as they prudently manage scarce financial resources and at the same time serve as a means of expenditure authorization, control and evaluation base. MMDAs in Ghana, prepare budgets but deal with it in lesser extent, unlike the profit-making organizations which consider budget and budgetary controls important element in their policies. It is against this background that this study was carried out to find ways by which MMDAS especially AEDA can use budgeting and budgetary controls as management tools to prudently enhance their financial management system for local development. The case study approach was used in the study. Interviews and questionnaires were used to solicit data for the study. The research found out among other things that MMDAs prepare budgets and control the budgets. The research data evidently prove that in the case of Ada East District Assembly, this is true. However, poor budget formulation and implementation and low revenue generation base make it difficult for MMDAs to live up to their responsibility as partners to the central government in national development. Recommendations and suggestions have accordingly been made to improve upon budgeting and budgetary controls in MMDAs and the nation as a whole.

Author: Lioba Frings
Publisher: GRIN Verlag
ISBN: 3346093719
Category : Political Science
Languages : en
Pages : 28

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Book Description
Research Paper (postgraduate) from the year 2017 in the subject Politics - Region: USA, grade: 2.7, University of Bonn, language: English, abstract: This paper focuses on the analysis of financial resources such as fundraising and personal net worth in conjunction with media coverage as well as other aspects and the impact of money on the presidential elections in 2016. Money is an essential necessity in order to make a political campaign successful as it contributes to the name recognition of a candidate even more when the respective candidate has access to sufficient resources and thereby more access to voters than candidates with less financial resources and less financial contributions by others. In the 2016 presidential election process two well-known candidates have been nominated. Both already previously have made their mark and have become prominent members of the American society and media sphere. The impact of finances in political processes is of interest to both scholars and laymen. Two major issues are mostly being focused on: “the sources of campaign contributions” and “the impact of campaign contributions on electoral outcomes”, meaning the relationship betweeen fundraising and the success within the respective election. The correlation between the number of votes and expenditures is crucial to the process of voting: “if campaign expenditures do not translate into votes, then expenditures are irrelevant”. Since candidates are eager to raise more money than all the other candidates and since the public contributes to a candidate’s finances, money must matter within the framework of political elections, otherwise money would be ignored and not raised. It has been found that electoral outcomes are influenced by four factors: “campaign expenditures, incumbency, party strength, and idiosyncratic factors”, which are campaign styles, scandals, local issues and other factors. While generally higher expenditures lead to more votes, additional expenditures after having convinced apathetic supporters do not have a significant effect anymore, which means campaign expenditures function according to the principle of diminishing marginal returns.

Author: Mr. M. Cangiano
Publisher: International Monetary Fund
ISBN: 1475512198
Category : Business & Economics
Languages : en
Pages : 468

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Book Description
The first two decades of the twenty-first century have witnessed an influx of innovations and reforms in public financial management. The current wave of reforms is markedly different from those in the past, owing to the sheer number of innovations, their widespread adoption, and the sense that they add up to a fundamental change in the way governments manage public money. This book takes stock of the most important innovations that have emerged over the past two decades, including fiscal responsibility legislation, fiscal rules, medium-term budget frameworks, fiscal councils, fiscal risk management techniques, performance budgeting, and accrual reporting and accounting. Not merely a handbook or manual describing practices in the field, the volume instead poses critical questions about innovations; the issues and challenges that have appeared along the way, including those associated with the global economic crisis; and how the ground can be prepared for the next generation of public financial management reforms. Watch Video of Book Launch

Author: Canadian Institute of Chartered Accountants
Publisher:
ISBN:
Category : Financial statements
Languages : en
Pages : 132

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Book Description

Author: Unesco
Publisher: UNESCO
ISBN: 9231041568
Category : Technology & Engineering
Languages : en
Pages : 392

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Book Description
This report reviews engineering's importance to human, economic, social and cultural development and in addressing the UN Millennium Development Goals. Engineering tends to be viewed as a national issue, but engineering knowledge, companies, conferences and journals, all demonstrate that it is as international as science. The report reviews the role of engineering in development, and covers issues including poverty reduction, sustainable development, climate change mitigation and adaptation. It presents the various fields of engineering around the world and is intended to identify issues and challenges facing engineering, promote better understanding of engineering and its role, and highlight ways of making engineering more attractive to young people, especially women.--Publisher's description.

Author: OECD
Publisher: OECD Publishing
ISBN: 9264192603
Category :
Languages : en
Pages : 504

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Book Description
Managing Public Expenditure presents a comprehensive and in-depth analysis of all aspects of public expenditure management from the preparation of the budget to the execution, control and audit stages.