ACCOUNTING CLARITY THROUGH THE PROPOSED TWO COLUMN PROFIT AND LOSS ACCOUNT; A COMPARATIVE STUDY OF ACCOUNTANTS AND INVESTORS’ PERCEPTIONS
Journal Title: Asian Economic and Financial Review - Year 2012, Vol 2, Issue 8
Abstract
This paper titled ‘accounting clarity through the proposed two column profit and loss account; a comparative study of accountants and investors’ perceptions, investigates the Relevance, Understanding, Reliability, Importance and Clarity (RURIC) of the proposed Two Column Profit and Loss Account (TCPLA) among accountants and investors in Edo State of Nigeria. The survey questionnaire was employed as the study’s tool to elicit information from the selected respondents. The mean scores of both units of analysis were compared using stata 9 software and the hypotheses were tested using the t-test statistics. The results showed that, both investors and accountants perceived the TCPLA to be RURIC in absolute terms, but Investors’ perception is greater than those of the Accountants and showing higher support for TCPLA as an indication of improvement in the quality of accounting report with the characteristics of clarity or transparency.
Authors and Affiliations
Obasi Rosemary| Benson Idahosa University Benin City, Edo State, Nigeria
Keywords
Related Articles
- EP ID EP1841
- DOI -
- Views 578
- Downloads 34
THE EFFECT OF OIL INCOME ON REAL EXCHANGE RATE IN IRANIAN ECONOMY
This paper investigates the effect of oil income on real exchange rate defined in Iranian economy from 1981 to 2012. This study uses Unit Root Tests, Cointegration techniques, Engle-Granger test, Vector Error Correction...
ENTERPRISE RISK MANAGEMENT AND VALUE CREATION: INITIAL FINDINGS AMONGST NON-FINANCIAL PUBLIC LISTED COMPANIES IN MALAYSIAN BOURSE
This study aims to highlight whether the implementation of Malaysian Code of Corporate Governance (MCCG) in 2000 and the revise version in 2007 gives impact to enterprise risk management (ERM) and creates value for compa...
INEQUALITY AND ECONOMIC GROWTH
The objective of this paper is to study the effect of in equality on economic growth of a set of eight developing countries during the period 2000-2009, using a dynamic panel data model and a simultaneous equations model...
Vulnerability of Southern Mediterranean Countries to Exogenous Shocks: Structural VAR Approach
All statistics and empirical studies relating to the Mediterranean region show the irregular fluctuation of the main macroeconomic aggregates. It is appear that the vulnerability of these countries is largely the result...
THE DETERMINANTS OF FDI IN TUNISIA: AN EMPIRICAL STUDY THROUGH A GRAVITY MODEL
In order to analyze the determinants of FDI, several empirical studies have been done by applying different econometric models. The purpose of this article is to identify the determinants of FDI in Tunisia through a grav...