Owolabi Sunday Ajao

Babcock University · Department of Accounting

A well-developed financial system plays an important role in the economic performance of a country. Thus, the role of financial development and its functions in stimulating economic performance is concrete. However, the economy of Rwanda has experienced an accelerated inflation rate in recent times. The study adopted an ex post facto design to asce...

This study investigates the impact of credit derivatives and financial performance on non-performing loans in listed Deposit Money Banks in Nigeria. Employing an ex-post facto research design, the study focuses on thirteen listed Deposit Money Banks on the Nigerian Exchange as of October 31st, 2023. Findings suggest that both credit derivatives and...

This study examined the effect of accounting measurement on profitability of selected consumer goods companies in Nigeria during historical cost regime and fair value regime. Accounting measurement was measured with revenue, cost of sales and operating cost while profitability was measured with net profit margin and return on equity. The data were...

Corporate sustainability reporting covers financial and non-financial reporting leading to the disclosure of both quantitative and qualitative information for the benefit of users of the financial statements. These reporting styles reveal the stewardship strength of management in maximizing shareholders wealth and improving corporate value. The mai...

The governments around the globe except Salvadoran government had issued several warnings such as outright ban against the investment in the cryptocurrency. This act was due to the associated risk of loss of investment and lack of accountability framework in the countries. This paper, therefore, appraises the historical evolution and accounting imp...

Abstract The study investigated the influence of financial management practices on the earnings per share of quoted industrial goods companies in Nigeria (Debt, Asset turnover, Dividend payout, Cash flow investing, and Working capital as independent variables and Earnings per share as the dependent variable) for the period 2011 to 2021. An ex-po...

In today’s dynamic and competitive business environment, solvency is a critical success factor that strategically enables a firm to structure their resources in meeting their financial obligations on the short, medium and long-term bases. However, the inability of a firm to maintain acceptable level of financial stability threatens its future growt...

Cloud accounting is gaining attraction because of the inadequacies of traditional accounting approaches and as a result it is seen to lead to considerable increase in productivity because it helps accountants in small and medium business to provide quality financial reporting to their customers and arrangements on their money related issues. In the...

In today's dynamic and competitive business environment, solvency is a critical success factor that strategically enables a firm to structure their resources in meeting their financial obligations on the short, medium and long-term bases. However, the inability of a firm to maintain acceptable level of financial stability threatens its future growt...

The study examined the effect of equity and debts on the financial performance of the listed consumer goods sector in Nigeria for eleven years (2011 – 2021). Data from the published records of 16 listed companies in the consumer goods sector were used. The dependent variable was proxied by Market price per share (MPS) and return on assets (ROA) whi...

This paper evaluated the influence of strategic financial management practices (SFMP) on the return on assets (ROA) of quoted oil and gas firms in Nigeria. A simple random sampling was adopted for the sample with data generated from annual reports and accounts of sampled oil and gas firms in Nigeria for fifteen years (2006-2020) for the study. The...

This study carried out a comparative study on influence of the financial management practices on the performance of the quoted manufacturing and oil and gas firms in Nigeria. The study specifically assessed the financial management practices and return on equity of the manufacturing firms to determine whether they are significantly different from t...

The survival, stability, sustenance and going concern objectives of corporate entities in competitive business environment are driven by uniquely formulated financial performance strategy to drive the achievement of consistent and positive growth. However, firms’ improper utilization of internal attributes has given rise to stunted corporate growth...

This study identified and determined levels of eighteen heavy metals in six soil and twelve vegetable samples (Talinum triangulare and Amaranthus hybridus) from selected automobile workshops at Iworoko Ekiti using Energy Dispersive X-ray Fluorescence Spectrometry (EDXRF). Identical samples were also collected outside this neighborhood as control an...

Organizations are operating in a world where they must carry out social, environmental, and economic functions and obligations. All corporations and stakeholders are focusing on the need for social and environmental accounting. This paper studied the impact of corporate social responsibility on the earnings per share of Oil and Gas companies in Nig...

Since the 2007-2008 global financial crisis, which affected many large corporations, the performance of companies has come under scrutiny, and the corporate world has been forced to restructure its relationship with its stakeholders. For many years, stakeholders have been clamoring for greater accountability, and transparency from the management of...

There has been uncertainties and high apprehension of the possible impact of COVID-19 era on corporate organizations’ earnings and the global economies at large. Prior studies have predicted high audit risks and expect auditors carry out detailed risk assessments of the clients for material misstatements in line with auditors responsibilities. Cons...

This research study analyzes the historic improvement of the Company and Allied Matter Act, its roles, purpose and relationship with non-governmental organizations in Nigeria, United Kingdom and the United State of America and how it administers the provisions of the Act. Exploratory research design was adopted with relevant literature as it relate...

The desire and demand for value for money audit (VFM) in the public sector is significant because the confidence of the populace is gradually fading away due to inability of public servants at all levels to ensure transparency and accountability in public spending. Some prior studies have ascribed this to a lack of patriotism, and sheer display o...

In recent years many organizations have realized the importance of the role of directors, audit committee, internal auditors and external auditors in preparing and presenting quality financial reports to all stakeholders. In Nigeria, the performance and the quality of financial reports of companies in the insurance industry is dependent on the effi...

Global businesses and economic activities have gone digital and nations are shifting rapidly, fast adjusting all legal and regulatory frameworks to keep pace with realities. This is as true for the corporate bodies doing business in Nigeria as it is for audit-related issues. Consequently, the Companies and Allied Matter Act (CAMA) was revised to pr...

This research studied the association amid financial reporting quality and market performance (TOBINQ) of quoted deposit money banks in Nigeria. Using panel methodology in addition to other econometric tests (descriptive statistics test, correlation analysis, and Hausman test), this study discovered a significant relationship amid financial reporti...

As a result of the dynamic and competitive global economy, which has consequence on performance, firms have embraced investment in corporate social responsibility as a corporate governance tool. This study investigated the impact of investment in corporate social responsibility on performance of quoted manufacturing firms in Nigeria. The study adop...

Profitability in manufacturing companies in Nigeria depends on the ability of the companies to grow their earnings and tame their cost profile through cost control techniques. Many manufacturing companies seem not to understand these costs and the impact they have on profitability. This study examined the effect of cost control on the profitability...

The history of Accounting, stewardship and total separation of the roles of agents from principal beget Auditing history. This study adopted exploratory method by reviewing relevant extant literatures. We traced the history of auditing and evaluated the various dynamics of duties of auditors over the years. It was discovered that the duties of audi...

Small Scale businesses play a pivotal role in the development of the economy of developing countries but this function is being dwindled due to lack of understanding and applicability of proper bookkeeping practices by these businesses. This paper focuses on bookkeeping practices among the small scale businesses and its influence on their growth an...

In this paper we discuss the concept and accounting of intangible assets and goodwill as they are perceived among financial report preparers, the users and other stakeholders. The objective of International Accounting Standards (IAS) 38 has been to prescribe the accounting treatment for intangible assets that are not dealt with specifically in anot...

Public sector constitutes the largest sector of the economy of all nations, employs the largest work force and controls the greatest part of nations' financial resources. The paper adopted exploratory research method through literature scrutiny and scanning for relevant facts to assist in the achievement of the paper objectives. The public sector a...

This paper employed comparative analysis approach to examine the various export promotion strategies in selected African countries of South Africa, Nigeria and Egypt (SANE). The analysis centred on the concepts, levels and need for exports promotion strategies and initiatives as a stimulant of economic growth and development. Summary of the strateg...

In any economy, the banking industry is a highly regulated industry owing to the fact that the industry is considered as the engine of economic growth and development. The objective of this research is to analyze financial performances of pre and post consolidation program in order to determine whether there is significant difference between the tw...

Effective corporate governance has become the heart-beat of world economies. The recent business and governance failures demonstrated that a great step in corporate governance restructuring is a must. Corporate governance mechanism involves the shareholders, board of directors, management, and internal and external auditors. The board of directors...

This study examined the effects of monetary policy innovations on stabilization of commodity prices in Nigeria. The design is basically exploratory in that the study leaves room for further study in the area. The methodology is empirical econometric analysis approach. Variables used for analysis were consumer price index (CPI), broad money aggregat...

This study has examined the role of human resource development in economic growth in Nigeria. The study employed quantitative analysis approach. The study considered human resource development from education and health perspectives. The variables considered appropriate indices for human resource development were government expenditures on education...