Browsing by Author "Salam, M. O."
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Item An assessment of influence of budget process on budget performance: The Experience of Kwara(Taiwan Institute of Business Administration, 2011-08) Aliu, Olanrewaju Atanda; Salam, M. O.; Abdulkadir, R. I.This study assessed the effects of budgetary process on budget performance in public sector using Kwara state as a focus. Data were collected from primary and secondary sources using structured questionnaire administered to accounting officers, budget officers and the legislators in the State. The data collected were analyzed with kruskal-wallis estimator. The study found that the existing is significantly effective to maintain better performance, though stakeholders on budget implementation differ on their perceived extent compliance showing there has not been full compliance with the application of budget process. Finally, the study recommends improving extent of compliance with budget process via organising seminars and workshops by Kwara State Government for incumbent and would-be stakeholders in budget implementation and imposing sanction to serve as deterrent against failure to comply with established budget processItem Assessment of Personal Income Tax Knowledge among the University of Ilorin Staff.(Department of Accounting and Finance and Business Administration, Fountain University,, 2018) Salam, M. O.; Kasum, A.S; Bamigbade, D; Abogun, S.Taxpayers’ knowledge of what constitutes taxable income, claimable tax reliefs and allowance and applicable tax rates reduces uncertainty within the tax system. Inadequate knowledge of the tax system may affect tax compliance adversely. This study assesses personal income tax knowledge among the University of Ilorin Staff. Using proportional stratified random sampling technique, sample size of three hundred and sixty-five (365) staff was chosen from both academic and non-academic staff. Data was collected through the use of a structured questionnaire; the study applies both descriptive and inferential statistics. The Mann-Whitney U and Kruskal-Wallis tests were used in testing the hypotheses of the study. Results indicate that staff of the University of Ilorin have relatively low knowledge of personal income tax. However, the personal income tax knowledge of the non-academic staff is higher than academic staff. The personal income tax knowledge of males and female staff are the same and also, there is significant difference in personal income tax knowledge levels across four different educational qualifications of the staff. Based on the findings, it is recommended that State Internal Revenue Service, which is charged with the responsibility of administering the personal income tax in Nigeria, should provide adequate personal income tax education to taxpayers.Item Decision-Usefulness of Non-Financial Information of Quoted Firms in Nigeria.(Faculty of Management Sciences, University of Ilorin, 2019) Abogun, S.; Salam, M. O.; Daud, A; Fakile, O. GOne of the major problems encountered by investors in Developing economies is inadequate reliable and relevant information for their investment decisions despite the audited annual financial statements of firms; hence the continuous search for information from other sources. This study examined the usefulness of non-financial information for investors’ decision among quoted firms in Nigeria. The explanatory research design was employed because this study examined the changes in investors’ decision due to changes in the non-financial information and other explanatory variables. The panel regression model was estimated by the fixed effect (within estimator) technique. The study found that non-financial information is statistically significant in explaining investors’ decision with a coefficient of 1.76 and a p-value of 0.000. The study concludes that non-financial information is decision-useful. It is therefore recommended that more efforts be made by officials of quoted firms in Nigeria towards disclosing more non-financial information, particularly information about future growth opportunities of firms; because the study revealed that they are relevant information for investment decision.Item Earnings Predictability of Quoted Firms in Nigeria.(Centre for Research on Islamic Banking and Finance and Business, USA, 202) Olaniyi, T. A.; Abogun, S.; Salam, M. O.The inability of investors to predict future earnings of firms expose them to further risk such that potential investors may be scared away while existing ones may be prompted to withdraw their investment. Thus, it becomes imperative to evaluate the earnings predictability of Nigerian quoted firms with a view to establish the ability or inability of earnings to predict itself. Also, the study examined the impact of volatility on earnings predictability of Nigerian quoted firms. The total number of seventy-three (73) quoted Nigerian firms constitutes the population of this study and the entire 73 firms were studied. The causal relationship research design was adopted. The secondary data used were collected from the financial statements of quoted firms for the period 1996 to 2015. The system generalized method of moment (GMM) was used to estimate the dynamic panel regression models of the study. The study found that earnings of firms are predictable. The study also found that volatility has adverse effect on earnings predictability. It was therefore recommended more interest /investment in Nigerian firms since earnings information is available and is predictable while managements of firms should reduce instability in reported earnings.Item The effect of financial statements on the economic decisions of primary stakeholders in Nigerian banks.(Department of Business Administration, University of Ilorin. Nigeria., 2011) Abdulkadir, R. I.; Aliu, O. A.; Salam, M. O.The major objective of accounting is to provide information for decision making to various users. Such information can be obtained from the financial statements of organizations. This study provides empirical evidence on the impact of the information contained in the financial statements on the economic decisions of selected primary stakeholders in Nigerian banks. The four banks chosen for the study include United Bank for Africa, First Bank, Guaranty Trust Bank and Diamond Bank. Also, three user groups namely shareholders, employees and depositors were surveyed in the study. The data for the study was collected from a questionnaire distributed to two hundred and forty respondents. Percentages, Z-score statistical test and ANOVA were used to analvze the data gathered for the study. The results of the analysis shows that the primary stakeholders lack the ability to analyze information contained in the financial statements and also reveal further that the stakeholders do not base their economic decisions on the evaluation of the banks' financial statements. The study therefore concludes that the financial statements have no significant impact on the economic decisions of primary stakeholders of the banks. Based on this, the study recommends amongst others that regulatory bodies and Nigerian banks should organize educative sessions at intervals for stakeholders to enlighten them on the importance of financial reporting to their economic decision making and to guide them on how to read and analyze information contained in the financial statementsItem Effects of risk management on investment strategy and contributory pension scheme sustainability nexus in Nigeria(Department of Accounting & Finance and Business Administration, Fountain University, 2020) Aliu, A. O.; Salam, M. O.; Haliru, A. N.; Kasum, Abubakar SadiqIn line with the increasing desire for sustainability across numerous areas of study, occupational pension sustainability has emerged among the core objectives of pension reforms. Thus, this study assesses the impact of risk management on the relationship between investment strategy and sustainability of contributory pension scheme (CPS) in Nigeria. Using data obtained from survey of 197 managers and assistant managers of pension fund administrators that manage CPS fund in Nigeria, the study employs partial least square structural equation modelling to examine the effects of investment strategy and risk management on sustainability of CPS. The study further examines the moderating effect of risk management on the relationship investment strategy and contributory pension scheme sustainability. Findings reveal that investment strategy and risk management have significant positive effects on the sustainability of CPS in Nigeria. Further analyses show that risk management has negative moderating effect on the relationship between investment strategy and the sustainability of CPS.Item The impact of compliance with sustainable development related Accounting Standards on financial position and market value of Nigerian quoted companies.ent related(Faculty of Management and Social Sciences, Ibrahim Babangida University, Lapai, Niger State., 2011-12) Kasum, A. S.; Aliu, Olanrewaju Atanda; Salam, M. O.The study is a follow-up to the presentation at the 16th AISDRC in Hong Kong, which among others critiques suggested that other performance indicators, besides profitability are studied in relation to sustainability. The study and still is against this background that sustainability development practices may involve financial outflows and hence, may be an unattractive investment to managers. This present study evaluated the impact of corporate compliance to accounting standards that are deemed to enforce sustainable development practices and can therefore imply sustainable development practices by companies on financial position and market value of quoted companies in Nigeria. Forty-four companies that have existed since financial reporting standardization began in Nigeria were studied over five years, using regression statistical technique. The coefficient of determination (R2) results showed that sustainable development practices of companies relates in a very insignificant extent better asset worth and improved market values.Item The impact of education and gender on personal income tax compliance in Kwara State, Nigeria(Faculty of Business and Social Sciences, University of Ilorin., 2013-08) Salam, M. O.; Aliu, O. A.; Abdulkadir, R. I.This study investigates the impact of educational qualification and gender on personal income tax compliance in Kwara State. A questionnaire was administered to 450 respondents in the three local government areas in Ilorin metropolis. Mann-Whitney U test and analysis of variance statistical techniques were employed to analyze the data collected. The results reveal that both educational qualification and gender affect personal income tax compliance. As such, the study recommends that the Kwara State Board of Internal Revenue should target the taxpayers with lower level of educational qualification and male; with a view to directing it's audit strategies in respect of the evaders and bridge the tax gap also to create awareness about the penalty attached to tax evasion.Item Taxpayers’ knowledge and tax compliance in Kwara State.(Department of Accounting and Management, Nigerian Defence Academy, Kaduna, Nigeria., 2018-12) Salam, M. O.; Mustapha, L. O.; Aliu, O. ATax collected constitutes one of the major revenue sources for any to discharge its obligation to its citizens. However, loss of revenue resulting from non-compliance especially in a self-assessment system has been a major problem in Kwara State, Nigeria. Using proportional stratified random sampling technique, sample size of 558 members of the Kwara State Artisans Congress were chosen from the population of 68,338 registered members. Data was collected through the use of a structured questionnaire; the study applies both descriptive and inferential statistics. Simple linear regression and one-way repeated-measures analysis of variance were used in testing the hypotheses of the study. Results indicates that taxpayers’ knowledge have statistically significant effect on tax compliance in a self-assessment tax system in Kwara State, and that there are statistically significant differences in taxpayers’ general knowledge, legal knowledge and technical knowledge. The study concludes that tax compliance in a self-assessment system is influenced by taxpayers’ knowledge. The study recommends that Kwara State through the Kwara State Internal Revenue Service should develop new tax education programmes that would accommodate the different and diverse needs of the taxpayers