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Conventional Human Asset Accounting Treatment And Corporate Profitability Evaluation, Chukwumah Lawyer Obara Dr
Conventional Human Asset Accounting Treatment And Corporate Profitability Evaluation, Chukwumah Lawyer Obara Dr
Lawyer Obara
The past few decades have witnessed a global transition from manufacturing to service based economies. The fundamental difference between the two lies in the very nature of their assets. In the former, the physical assets like plant, machinery, material etc are of utmost importance. In contrast, in the later, knowledge and attitudes of the employees assume greater significance. For instance, in hospitals, academic institutions, consulting firms etc, the total worth of the organization depends mainly on the skills of its employees and the service they render. Hence, the success of these organizations is contingent on the quality of their human …
Curbing Occupational And Financial Reporting Fraud: An Alternative Paradigm, Chukwumah Lawyer Obara Dr
Curbing Occupational And Financial Reporting Fraud: An Alternative Paradigm, Chukwumah Lawyer Obara Dr
Lawyer Obara
The increasing rate and character of occupational fraud and in particular fraudulent financial reporting has continued to attract global attention. This virus appears to be evolving a more complex character and increasingly becoming immune to the global efforts at containing it. Various efforts have been evolved towards addressing this global challenge, especially the celebrated Sarbanes-Oxley Act which came into effect in 2002 in the USA and the extreme legal measures of life imprisonment and the death penalty in some legal jurisdictions around the world for fraudulent activities. All these measures have recorded various degrees of success, but none had been …
Human Asset Accounting Treatment And Corporate Profitability Evaluation-A Literary Reflection, Chukwumah Lawyer Obara Dr
Human Asset Accounting Treatment And Corporate Profitability Evaluation-A Literary Reflection, Chukwumah Lawyer Obara Dr
Lawyer Obara
With the growing emergence of the knowledge economy, the traditional evaluation of organization’s human resource has been a subject of intellectual controversy due to the recognition that human asset is an increasingly important part of an enterprise’s total value. Chen and Lin (2003:16) observed that the succession of the human intellect over machines and equipment in the contribution to industrial value makes a financial statement that relegates human asset expenditure to expenses inadequate if not obsolete. Hence, this paper discusses scholarly opinions concerning the treatment of human assets accounting and the valuation of corporate profitability. Drawing from literature that is …
Management Information Systems And Corporate Decision– Making: A Literature Review, Chukwumah Lawyer Obara Dr
Management Information Systems And Corporate Decision– Making: A Literature Review, Chukwumah Lawyer Obara Dr
Lawyer Obara
Information has become an essential resource for managing modern organizations. This is so because today’s business environment is volatile, dynamic, turbulent and necessitates the burgeoning demand for accurate, relevant, complete, timely and economical information needed to drive the decision-making process in order to accentuate organizational abilities to manage opportunities and threats . This paper is a reflection of amassed discourse available in literature concerning the nexus between management information systems – MIS and corporate decision- making. The paper suggests that a painstaking development and management of MIS in organizations is capable of triggering decisions that would not only be fast …
Budget Preparation And Implementation In The Nigerian Public, Chukwumah Lawyer Obara Dr
Budget Preparation And Implementation In The Nigerian Public, Chukwumah Lawyer Obara Dr
Lawyer Obara
This paper reviewed the practice of budgeting and budget implementation in Nigeria. The objective was to empirically suggest ways of getting out of the jinx of continual and repeated adverse budgetary performance. In order to secure best value in terms of allocation and utilization scarce resources in Nigeria, we advocated the concept of value Money Audit, due process and cost Audit. These concepts if properly applied alongside good public procurement philosophy will engender a strong legal, organizational and professional framework to make budgeting and budget implementation in the Nigerian Public Sector robust and effective. Therefore, the paper strongly recommend professionalism …