THE USE OF ACCOUNTABILITY FRAMEWORK AS AN ALTERNATIVE APPROACH FOR CORPORATE SOCIAL RESPONSIBILITY REPORTING AND DISCLOSURE PRACTICES IN NIGERIA

THE USE OF ACCOUNTABILITY FRAMEWORK AS AN ALTERNATIVE APPROACH FOR CORPORATE SOCIAL RESPONSIBILITY REPORTING AND DISCLOSURE PRACTICES IN NIGERIA


2,669 marked this research material reliable.
Call or whatsapp: +2347063298784 or email: info@allprojectmaterials.com
Department: accounting project topics | Type: Project Topics | Project Topics and Materials | List of Project Topics | Research Project Materials | Journals | Thesis | Articles | Online Project Materials | Business Plan | Final year project topic | Format: Ms Word and PDF | Attribute: Documentation Only | Pages: 50 Pages | Chapters: Complete Research work from Chapter 1 to 5; All chapters | Inclusive: Abstract, Preliminary Pages, Table of Contents and Appendices | Cost: ₦ 5,000.00


THE USE OF ACCOUNTABILITY FRAMEWORK AS AN ALTERNATIVE APPROACH FOR CORPORATE SOCIAL RESPONSIBILITY REPORTING AND DISCLOSURE PRACTICES IN NIGERIA

PROJECT TOPICS AND MATERIALS ON THE USE OF ACCOUNTABILITY FRAMEWORK AS AN ALTERNATIVE APPROACH FOR CORPORATE SOCIAL RESPONSIBILITY REPORTING AND DISCLOSURE PRACTICES IN NIGERIA


ABSTRACT

The study is an investigation to an alternative approach for corporate social responsibility reporting and disclosure practices by corporate entities in Nigeria with emphasis on the need to use an accountability frame work that will provide a wider disclosure of corporate information to a wider audience incorporating corporate social responsibility information. The study is an empirical survey that seeks to explore the views and perceptions of the accounting communities in relation to the objectives of the study. The population randomly selected for this study comprises of four groups that are directly involve in the practice of accounting. A questionnaire was design as the data collection instruments. Chi-square was used to test the hypothesis of the study that stated that there is no significant difference in the views of all the groups under investigation

CHARPTER ONE

INTRODUCTION

1.1       BACKGROUND OF THE STUDY

Nigeria with an estimated population of over 180 million people is the largest market for goods and services in Africa. Its gross domestic product was U. $ 568.51 billion in 2014. There are 864902 companies registered with the corporate affairs companies registered with the corporate affairs commission. The Nigeria stock exchange has 209 listed companies with a combined market capitalization close at #9.851 trillion as at December 2015. (Asein, 2010), noted that despite this huge resources it is neither satisfying the need of the people nor increasing the growth of the economy.

A key policy strategy in repositioning the economy of Nigeria is the attraction of foreign direct investment (FDI) into the economy to provide investible fund for corporate entities. Foreign direct investment in Nigeria has been declining for the past decade primarily due to the perception of risk in Nigeria Obazee, (2010). The perception of Nigeria as a risky country for the flow of foreign direct investment can in part be attributable to the limitations and short comings noticed in the corporate reporting and disclosure practices by Nigerian companies this is owning to the fact that some of these companies cannot provide investors and other stakeholders with sufficient and reliable economic information that will enable the users of such information to understand the risk profiles inherent in such companies and to permit informed judgment and decisions.

Nowadays, business has become more global and indeed Nigeria is part of this globalization. The competitive and dynamic nature of Business environment has brought about pressure for more information disclosure to assist shareholders and others stakeholders in taking economic and other investment decisions. Asein (2009) to the end concluded that the global adoption of a single set of financial reporting standard will enhance comparability and create an enabling environment for all investors to compare effectively investment opportunities across the global market.

It has been observed and frequently asserted by scholars of accounting history that the practice of accounting and corporate reporting and disclosure requirement of corporate entities have been closely interlocked with the social, political and economic situation of a country. However, there are two very clear elements in the conventional basis of legitimating for current accounting practices. Role of law and the concept of generally accepted accounting principles (GAAP). The legal basis for reporting and disclosure practices in Nigeria is derived from the relevant laws and legislation notably the Companies and Allied Matters Act (CAMA, 1990) and secondly from the recent adopted international financial reporting standards in 2012  which is to be observed in the preparation  and presentation of financial statement by corporate entities in the country.

However, the relevance and adequacy of such standard (i.e. IFRSs) to Nigeria face with social and economic problems in the real life. Given that accounting systems have the potential for supporting change in a society and are never neutral, it seems therefore that there is an urgent need for recognition of a greater social role of accounting in Nigeria. Indeed, there is an urgent need for an approach to corporate reporting and disclosure practices that will be of greater use than the current one which is based upon the companies and allied matters act (CAMA 1990) and the IFRS. There is a need for an approach that can contribute to the understanding, debate and hence, proffers solution to the social and economic problems that Nigeria experiences.

Therefore, the main question underlying this research study is: what are the alternative approaches that can provide an appropriate basis in terms of relevance and sufficiency for corporate reporting and disclosure practices in Nigeria.

1.2       STATEMENT OF THE PROBLEM

The problem area that spurred the interest in researching into this topic are Specifically attributable to the limitations and shortcomings noticed in the current framework of corporate reporting and disclosure practices of Nigerian companies which previous research has  proved to be deficient. According to Wallance, 1988; Adeyeyemi, 2006; Nzekwe, 2009; Okike, 2000; and Ofoegbu & Okoye, 2006. They all found Nigerian reporting to be deficient. According to Ali et al (2004), the government regulatory bodies and the accounting profession of developing nations suffer from structural weakness and often take a lenient attitude toward default of accounting regulations.

The mandatory and voluntary disclosure of financial and non financial information in the corporate annual reports have attracted a considerable attention their by necessitating the need for an accountability framework as an alternative approach for corporate social responsibility reporting and disclosure practices for Nigerian listed companies that will provide a wider disclosure of corporate social responsibility information to a wider audience.

1.3       OBJECTIVES OF THE STUDY

This study has four principal objectives. First is to examine and evaluate the current framework of CRDPs in Nigeria (which is mainly based upon the companies and allied matters Acts and the recently adopted international financial reporting standards (IFRSs) in order to highlight the possible limitations and shortcomings of such a frame work.

The second objectives is to explore the views and perceptions amongst members of the accounting communities in Nigeria as to the basic features for the current CRDPs of Nigerian listed companies, the reasons for the adoption of IFRSs in Nigeria in terms of their relevance and sufficiency to the country, the disclosure of corporate social responsibility information and the notion of social responsibility and accountability.

The third objective is to establish a framework as a basis for alternative practices within which wider disclosure in terms of corporate social responsibility (CSR) information may be provided to a wider set of stakeholders.

The final objective is to outline a specific proposal for such an accountability framework as a basis for such practices.

The research objectives are guided by the following research question:

  1. What are the limitations and shortcoming of the current frame work in use?
  2. What is the alternative approach to the current corporate reporting and disclosure practices in Nigeria?
  • How efficient will the alternative approach to corporate social responsibility reporting and disclosure be in terms of adequacy and sufficiency?
  1. What are the primary factors attributable to the overall levels of disclosure?
  2. Are there differences in the views and perceptions of preparers, auditors, academics in accounting field and official bodies concerned on corporate reporting and disclosure practices of Nigerian listed companies?

1.4       RESEARCH HYPOTHESIS

H0 There is no significant difference in the views of the entire group under investigation.

H1: There is a significant difference in the views of the entire group under investigation.

1.5       SIGNIFICANT OF THE STUDY

Accurate, sufficient and reliable corporate reporting is a necessary tool for short and long term survival of any organization. the current corporate reporting and disclosure practices in the country  that is characterized inefficiency  on the part of the regulatory bodies and the insufficiencies of the generally accepted accounting principles has spurred interest into this studyand the economic and social problem confronting the country at this moment, and the country is facing at this moment, and the suggestion and recommendation of this study one can conclude that the study is of great importance to corporate reporting and disclosure practices of Nigeria companies in the following areas.

  • It can be seen as an attempt to draw into the attention of the authority, and the professional bodies
  1. The limitations and shortcomings of the current approach to corporate reporting and disclosure practices in Nigeria in the light of the country’s economic, social and political environment.
  2. The importance of under disclosure in terms of corporate social responsibilities (CSR) information and an accountability framework as a basis for corporate and disclosure is weekly to be provided to a wider set of users.
  • To the Knowledge of the researcher, it can be seen as unique in that it attempt to address the social role that accounting can play in the environment of Nigeria. It attempts to address the importance of wider disclosure in terms of corporate social responsibilities information in assisting the understanding enhancing debate and hence solution to the social, cultural and economic problem confronting the country and enhancing the principles and doctrines emphasized in the constitution of the country.
  • It can be seen as significant since it tries to establish the need for an alternative framework as a basis for corporate reporting and disclosure practices in Nigeria within which wider disclosure in terms of CSR information may be provided to a more extensively suggesting that such a framework work the need for the adoption of (IFRSs). Stakeholders and
  • The study will serve as a reference material for other researchers who may be researching into this field in the future.
  • To the researcher, the study has contributed to his knowledge in terms of the notion behind corporate social responsibility and the need for an accountability frame work that will enable an organization to fully disclose necessary information about its corporate social responsibilities in its corporate report.
  • It can be useful as a subject matter for comparative accounting.

1.6       DEFINITION OF TERMS

  1. Accountability: The obligation of an individual or organization to account for its activities, accept responsibilities for them and to disclose the results in a transparent manner.
  2. Framework: The basic structure of something, a set of ideas or facts that provide support for something
  • Corporate Report: Is an annual statement prepared and presented by a corporate entity such as statements of financial position, statement of cash flow, statement of profit or loss, directors report, sustainability report e.t.c
  1. Corporate social Responsibility: Is a corposration initiative to assess and take responsibility for the company’s effects on the environmental and social wellbeing. It is a short-term cost that does not provides an immediate financial benefit to the company, but instead promotes positive social and environmental changes.
  2. Practices: The actual application or use of an idea, belief or method as opposed to theories relating to it.
  3. Approach: A way of dealing with a situation or problem
  • Alternative: One of a numbers of possible choices or courses of action.
  • Responsibility: The state of having a duty to deal with something or having control over someone or ability to act independently and take decisions without authorization or state of being accountable.
  1. Social Accounting: Is the process of measuring, monitoring and reporting to stake holders the social and environmental effects of an organization actions
  2. GAAP ; Generally accepted accounting principles
  3. International Financial Reporting Standards: are standards issued by international Accounting Standard Board IASB.
  • Report: Is an account given of a particular matter, especially in the form of an official document after thorough investigation or consideration by an appointed person or body.
  • Disclosure: Is the appearance of quantitative and/ or qualitative economic information relating to a business enterprise in the annual reports
  • Environment: the surroundings or conditions in which a person or an organization operates which include physical, social, political and economic environment.

1.7       GENERAL STATEMENT ABOUT THE RESEARCH APPROACH

In order to explore the above research objectives, the research utilizes more than one type of method, namely a descriptive method. Theoretical and conceptual analysis: and empirical survey. A descriptive method is used to review, evaluate and examine the current framework practices in Nigeria: the method is used to review and examine the accounting and its environment, in which it operates in Nigeria, the nature and qualities of accounting practiced in Nigeria which research has proved to be deficient, and some alternative approach for improving accounting practices in Nigeria, the current framework of corporate reporting and disclosure practice in Nigeria.

A Theoretical and conceptual analysis is undertaken in order to examine and analyze the need for and to suggest an accountability framework as a basis for corporate reporting and disclosure practices in Nigeria within which wider disclosure of CSR information may be provided to wider set of audience.

An empirical survey is carried out for exploring views and perceptions as to:

  1. The perceived basic features of the current CRDPS of the Nigerian companies in terms of the intended purposes for the preparation of annual reports by these companies.
  2. The possibility of wider disclosure in terms of CSR reporting, as perhaps leading to source beneficial socio-economic effects, and the possibilities that legal requirements and accounting standards calling for wider disclosure might be feasible.
  3. The extent to which notions of social responsibility and accountability are acceptable since the essence of the empirical survey is to examine views and perceptions, the major element of the empirics is based on the questionnaire as an information gathering instrument.

1.8     ORGANIZATION OF THE REST OF THE RESEARCH

This study is presented in five (5) chapters. These chapters are organized in a sequential manner that will aid careful investigation and easy achievement of the objectives of the study.

Chapter one is a preview of the back ground of the study and the problem that necessitated the study. This lead to the outline of the objectives ,significance, research question and hypothesis within which sample size of accounting communities are drawn and finally operational definition of terms.

Chapter two presents the review of relevant literature concerning this study. Also theories about the dependent and independent variables were discussed. A discussion and analysis that attempt to establish the need for an accountability framework for CRDPs in Nigeria which includes: An examination and Analysis of CSR reporting in the Nigeria context; An examination of the theories, approaches and/or perspective which have been provided in the literature in order to identify the one will provide the most appropriate basis for a wider disclosure in term of CSR reporting suggested for Nigeria; An outline of a proposed accountability framework as a basis for CRDPs in Nigeria

Chapter three reveals the method of data collection, in relation to the research design , questionnaire, population and samples  with emphasis on model specification, estimation validation and reliability of research instrumentation.

Chapter four under takes the data analysis of the respondent’s perceptions, and views and presents the empirical findings obtained from the data analysis accordingly, it includes:

  1. A description of the statistical techniques utilized in the data analysis
  2. Background information of the respondents to this survey.
  3. Analysis of perceptions of the intended purpose for annual report in Nigeria.
  4. An analysis of perception of the reasons for the adoption of IFRSs in Nigeria.
  5. An analysis of perceptions of the wider disclosure of CSR information
  6. An analysis of perceptions of social responsibility and accountability

Chapter five provides the summary; the findings and conclusion and recommendations of the research. In addition, the appendix provides details of the questionnaire, in the empirical survey and detailed summaries of the responses received.

DOWNLOAD COMPLETE WORK FOR THE USE OF ACCOUNTABILITY FRAMEWORK AS AN ALTERNATIVE APPROACH FOR CORPORATE SOCIAL RESPONSIBILITY REPORTING AND DISCLOSURE PRACTICES IN NIGERIA


Additional Information

  • The Project Material is available for download.
  • The Research material is delivered within 15-30 Minutes.
  • The Material is complete from Preliminary Pages to References.
  • Well Researched and Approved for supervision.
  • Click the download button below to get the complete project material.

Frequently Asked Questions

In-order to give you the best service available online, we have compiled frequently asked questions (FAQ) from our clients so as to answer them and make your visit much more interesting.

We are proudly Nigerians, and we are well aware of fraudulent activities that has been ongoing in the internet. To make it well known to our customers, we are geniune and duely registered with the Corporate Affairs Commission of the republic of Nigeria. Remember, Fraudulent sites can NEVER post bank accounts or contact address which contains personal information. Free chapter One is always given on the site to prove to you that we have the material. If you are unable to view the free chapter 1 send an email to info@researchcub.info with the subject head "FREE CHAPTER 1' plus the topic. You will get a free chapter 1 within an hour. You can also check out what our happy clients have to say.


Students are always advised to use our materials as guide. However, if you have a different case study, you may need to consult one of our professional writers to help you with that. Depending on similarity of the organization/industry you may modify if you wish.


We have professional writers in various disciplines. If you have a fresh topic, just click Hire a Writer or click here to fill the form and one of our writers will contact you shortly.


Yes it is a complete research project. We ensure that our client receives complete project materials which includes chapters 1-5, full references, questionnaires/secondary data, etc.


Depending on how fast your request is acknowledged by us, you will get the complete project material withing 15-30 minutes. However, on a very good day you can still get it within 5 minutes!

What Clients Say

Our Researchers are happy, see what they are saying. Share your own experience with the world.
Be polite and honest, as we seek to expand our business and reach more people. Thank you.

A Research proposal for the use of accountability framework as an alternative approach for corporate social responsibility reporting and disclosure practices in nigeria:
Reviews: A Review on the use of accountability framework as an alternative approach for corporate social responsibility reporting and disclosure practices in nigeria, accountability, framework, alternative project topics, researchcub.info, project topic, list of project topics, research project topics, journals, books, Academic writer.
The study is an investigation to an alternative approach for corporate social responsibility reporting and disclosure practices by corporate entities in Nigeria with emphasis on the need to use an accountability frame work that will provide a wider disclosure of corporate information to a wider audience incorporating corporate social responsibility information. The study is an empirical survey that seeks to explore the views and perceptions of the accounting communities in relation to the objectives of the study. The population randomly selected for this study comprises of four groups that are directly involve in the practice of accounting. A questionnaire was design as the data collection instruments. Chi-square was used to test the hypothesis of the study that stated that there is no significant difference in the views of all the groups under investigation.. accounting project topics

THE USE OF ACCOUNTABILITY FRAMEWORK AS AN ALTERNATIVE APPROACH FOR CORPORATE SOCIAL RESPONSIBILITY REPORTING AND DISCLOSURE PRACTICES IN NIGERIA

Project Information

Share Links

Download Post (MsWord)
Download Post (PDF)

Search for Project Topics

Project topics in Departments

How much does it cost to hire a writer in Nigeria?

Looking for Professional Approach and Quality Research Services ?

Estimating the cost of research writing in Nigeria: Freelance writers in Nigeria may charge anywhere from ₦5,000 to ₦50,000 or more per project, depending on the factors mentioned earlier. SEO-focused content may be on the higher end of this range due to the additional skills and research involved. For a more accurate estimate, it's recommended to reach out with us, discuss your specific requirements, and request a quote based on the scope of your project. Prices can vary, so getting personalized quotes will help you determine the cost more precisely.

Undergraduate Project Topics, economics project topics, marketing project topics, business administration project topics, engineering project topics, computer science project topics, banking & finance project topics, education project topics, law project topics, sciences project topics, public administration project topics, political science project topics, mathematics project topics, medical science project topics, mass communication project topics, research projects, geology project topics, marketing project topics, agriculture project topics, Browse Thousands of Final Year Project Topics, hire a writer, Research Works and Materials, Project topics and materials in Nigeria, Undergraduate Project Topics, Research Works and Materials, research topics, research project materials, complete project materials, computer science project material, free project topics, complete projects, accounting topics, small business topics, entrepreneurship topics, project materials, Nigerian undergraduate projects, business administration projects, computer science topics and projects, MBA Nigerian project topics, human resources, small businesses, entrepreneurship projects, economics projects, impacts projects, effect projects, university projects, polytechnic projects, investigate projects, political science projects, mass communication projects, project topics, human resource projects, education projects, French topics, project analysis, French projects, project tips, project abstract, project proposals, project bibliography, project reference, project seminar, forex, TSA, treasury single account, currency, naira, devaluation, undergraduate projects, final project research, marketing project topics, statistics project topics, mathematics project topics, statistics, mathematics, research projects, project thesis, labour force theses, NCE, OND, HND, BTECH, BSC, MBA, MSC, English projects, linguistic project topics, Free Project topics and materials in Nigeria, research topics, reseach project materials, computer science project material, free, complete, accounting topics, small business topics, materials, nigeria projects, business administration projects, computer science topics and projects, MBA nigeria project topics, human resources, small business, entrepreneurship projects, economics projects, impact projects, effects projects, training, budgets, ghana, university, polytechnic, browse Free project materials and topics in Nigeria, accounting and finance project materials, business administration project materials and topics, human resources, entrepreneurship, computer science and engineering project materials and topics, Accounting project topics, Accounting project topics and materials, Agricultural Economics Project Topics and Materials, Agricultural Science Projects topics and materials, All Project topics and materials, Architecture Project topics and materials, Aviation project topics and materials, Banking & Finance Projects topics and materials, Biology project and materials, Building project topics and materials, Business Administration & Management Projects topics and materials, Chemical Engineering Project Topics and materials, Civil Engineering Projects topics and materials, Communication & mass communication art project topics and materials, Computer Engineering Project Topics and materials, Computer Science Projects topics and materials, Criminology project topics and materials, Economics Research Projects topics and materials, Education Project Topics and Materials, Electrical Engineering Projects and materials, English Education & English Language Project topics and materials, Food Science project topics and materials, Geology Project Topics and materials, Guidance Counseling Project Topics and materials, History project topics and materials, Home Economics Project Topics and Materials, Human Resource Projects topics and Materials, Industrial Chemistry Projects topics and materials, Insurance Projects topics and materials, Law project topics and materials, Library and information science project topics and materials, Marine and Transport management project topics and materials, Marketing Projects topics and materials, Mathematics project topics and materials, Medical Sciences Project Topics and materials, Microbiology project topics and materials, Nursing and Midwifery project topics, Nursing and Midwifery project topics and materials, Optometry or nursing project topics and materials, Petroleum Engineering project topics and materials, Pharmacy project topics and materials, Philosophy project topics and materials, Photography project topics and materials, Physical and Health Education project topics and materials, Physiology project topics and materials, Political science project topics and materials, Project topics and materials, Psychology project topics and materials, Random project, Religious and Cultural Studies Project Topics and Materials, Sociology and Anthropology Project topics and materials, Sociology Project Topics and materials, Tourism project topics and materials, Vocational education project topics and materials. Project Topics: List of Project Topics | the use of accountability framework as an alternative approach for corporate social responsibility reporting and disclosure practices in nigeria | accountability | framework | alternative Project Topics | researchcub.info