Browsing by Author "Osemene, Olubunmi"

Now showing 1 - 3 of 3
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    EFFECTIVENESS OF AUDIT COMMITTEE AND FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA
    (Osogbo Journal of Management, 2018) Osemene, Olubunmi; Fakile, Oluwaseye
    Audit committee has been adjudged to be an instrument of good corporate governance which influences financial reporting process for better performance. This study empirically examined how the effectiveness of an audit committee impacts financial performance of deposit money banks in Nigeria. Using return on equity (ROE) as measure of financial performance, independence, financial expertise and frequency of meetings were identified as possibly having effects on financial performance. Correlation and ordinary least squares (OLS) regression were used to estimate the relationship between audit committee characteristics and financial performance. Findings revealed that audit committee financial expertise and audit committee meetings significantly influence deposit money banks’ financial performance. The study recommends that frequency of meetings of audit committee members should be improved by ensuring that adequate and sufficient time is dedicated to pressing and current issues as it relates to each deposit money bank.
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    Operationalisation of Treasury Single Account and Fund Management: A Perception of Accounting Practitioners in Nigeria
    (Department of Accounting & Finance and Business Administration, Fountain University, 2019) Salman, Ramat; Osemene, Olubunmi; Kolawole, Kayode
    Treasury single account being a combined arrangement of government bank accounts allows the efficient management of public cash and also enables consistent monitoring of cash balances of government account. The high rate of corruption bedevilling Nigeria economy coupled with the recent financial crunch have necessitated operationalisation of the constitutional tool (TSA) across government ministries, parastatals, and extra ministerial departments with the primary goal of reducing the siphoning of government fund, boosting revenue collection, and ensuring effective fund management. This study investigated the role of operationalised TSA in fund management by eliciting the opinion of accounting practitioners across northern and southern part of Nigeria. Specifically, the study evaluated the factors influencing the operationalisation of treasury single account as well as investigated the role of treasury single account on effective fund management. Finally, the study evaluated the effect of treasury single account on government transparency. The study employed primary data through administration of structured questionnaire. Descriptive statistics and ordered logistic regression were used in analysing the data for the study. The study revealed that operationalised TSA impacts on effective management of fund and enhances government transparency. The study therefore recommended that government in its efforts to develop a sound and judicious management of government resources should ensure that all treasuries are kept in a single account.
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    STRATEGIC MANAGEMENT ACCOUNTING AND INFORMATION FOR MANAGERIAL DECISION MAKING IN SELECTED MANUFACTURING FIRMS IN KWARA STATE
    (Ilorin Journal of Management Sciences, 2017) Adigbole, Ezekiel; Osemene, Olubunmi; Fakile, Oluwaseye
    In this competitive business environment, firms require financial and non -financial information to be able to effectively make strategic decisions that can enhance competitive advantage. The traditional management accounting techniques that some manufacturing firms in Nigeria continue to use cannot deliver this type of information and so there is need to implement non -costing Strategic Management Accounting (SMA) techniques. The specific objectives of this study were to assess the influence of Strategic Planning, Control and Performance Measurement (SPCPM) and Competitor Accounting (COMA) on the provision of information for managerial decision making. Survey research design was employed and questionnaire used in collecting primary data from accountants in 28 sampled manufacturing firms in Kwara State. Ordered logistic regression was used in data analysis. The study found that SPCPM has a positive significant impact on information for managerial decision making and COMA has no significant influence on information for managerial decision making. The study concluded that strategic management accounting especially SPCPM is relevant for the provision of information for managerial decision making. It is recommended that manufacturing firms that are not implementing SMA should do so to access complete information.