Academic Staff Directory
IBANICHUKA, Emmanuel Amaps Loveday
CURRICULUM VITAE
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NAME: |
IBANICHUKA, Emmanuel Amaps Loveday |
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DISCIPLINE |
Accounting |
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DEPARTMENT |
Accounting |
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DESIGNATION(S) |
Reader (Associate Professor), Accounting |
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AREA OF SPECIALIZATION |
Auditing and Assurance, Financial Accounting & Corporate Reporting |
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E-MAIL: |
This email address is being protected from spambots. You need JavaScript enabled to view it. |
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This email address is being protected from spambots. You need JavaScript enabled to view it.. |
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TEL: |
+2348023134940, +2348137226840 |
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ACADEMIC QUALIFICATIONS: |
PhD, MBA, MSc |
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MBA |
Rivers State University of Science & Technology Nkpolu Port Harcourt, Nigeria (1992) |
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M.Sc. |
Abia State University Uturu, Nigeria (2010) |
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PhD |
University of Port Harcourt. Choba Port Harcourt. 2011 |
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PROFESSIONAL CERTIFICATION |
Bournemouth College of Technology (Now Bournemouth University, United Kingdom) 1975-1976 |
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PROFESSIONAL CERTIFICATION |
Slough College of Higher Education (Now Thames Valley University, United Kingdom) 1976-1979 |
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WASC/GCE (Division 1) |
Government Secondary Commercial School, Buguma. 1969-1973 |
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FIRST SCHOOL LEAVING CERTIFICATE |
Okrika Boys School 1959-1961 St. Michaels Primary School, Okaiuga, Umuahia. 1961-1964 |
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PROFESSIONAL QUALIFICATIONS |
FCCA, FCA, ACTI, CFAN |
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FCCA |
Fellow of the Association of Chartered Certified Accountants of United Kingdom. (1987) |
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FCA |
Fellow of the Institute of Chartered Accountant of Nigeria. (2000) |
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ACTI |
Associate of Chartered Institute of Taxation of Nigeria (2011) |
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CFAN |
Certified Forensic Accountant of Nigeria (2014) |
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ACADEMIC/ADMINISTRATIVE: EXPERIENCE: |
Reader, teaching undergraduate and postgraduate programmes. Courses Taught, Financial Accounting, International Accounting, Auditing and Assurance, Oil and Gas Accounting, Forensic Accounting. Project supervision at undergraduate, Masters and Ph.D. levels. Chairman, University Fee Payments Verification Committee. 2011-2015 Chairman, Ad-hoc committee on review of Financial Management of UDPS. 2013/2014 Member, Audit Committee, World Bank ACE CEFOR Projects IPS UNIPORT-2014-to-Date Member Academic Board, EMERALD ENERGY INSTITUTE, 2016 to-date. External Examiner, Rivers State University of Science & Technology 2012-to-Date Adjunct Lecturer, Niger Delta University, 2013 to—Date Faculty Examination officer, 2008-2009 Departmental Examination officer -2007-2008 Member, ad-hoc Committee on Ghost Workers, 2008/2009 Member, ad-hoc Committee on SIWES, 1999/2000 “ ad-hoc committee on Evaluation & conversion of staff, 2009 Member, ad-hoc committee on Interview Panel for senior staff, 2010 Member, University Quality Control/Quality Assurance Committee, 2012-2015 Member, Ad-hoc committee on investigation of burglary and loss of Funds at CCE, 2004 Coordinator/HOD Accounting Dept. 2000-2004 Coordinator/HOD Accounting Dept. 2008-2012 Associate Dean, Faculty of Management Sciences 2014-to-2016 Chairman, Departmental Graduate Board Committee, Dec. 2016 to-date Chief Editor, Departmental Journal of Accounting, 2008-2012 Associate Editor, Faculty of Management Sciences Journal, 2014-2016 Lecturer, Department of Accounting, March 1998 to-date Supervision of undergraduate and graduate research work
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TECHNICAL/INDUSTRIAL/ PROFESSIONAL EXPERIENCES:
May 1994-Feb 1998
May 1993-April 1994
Nov 1992-Dec. 1992
Dec. 1988-Nov. 1992
Feb. 1988-Dec. 1988
Dec. 1983-Jan. 1988
Oct. 1980-Nov., 1983 |
General Manager/CEO of Pabod Finance & Investment Ltd.
Duties: Chief Executive Officer of the Company. Ensured the efficient and effective co-ordination, organizing Planning, directing and controlling of all functions of the Company, which included the finance and property divisions. The Image maker and crisis manager of the Company. Motivated staff and carried out other assignments as delegated by the Board.
General Manager-Persis Finance Co. Ltd.
Co-coordinating, planning, directing and controlling the varied functions of the Eastern Division. Reports regularly to the Chief Executive Officer on all matters of the Company. Ensured attainment of Divisional goals. Any other duties assigned by the Chief Executive Officer.
Asst. General Manager ((Administration Personnel, Corporate Affairs, Strategy and Planning). Pan African Bank Ltd.
Duties included co-ordination of Administration, Personnel, Corporate Affairs, Corporate Strategy and Planning activities. Personnel relations, Personnel appraisal and review. Corporate image making, strategic planning and price control. Other duties delegated by the Managing Director/Chief Executive Officer.
Asst. Gen. Mgr. (Internal Control and Inspection). Pan African Bank Ltd.
Duties included co-ordination of Internal Control and Loans Review activities; Planning of Inspection Programmes; Liaising with External Auditors; Credit Committee Member re-credits appraisals; Advising Management on systems of Internal Control, Classified Accounts Loans workout and audit; advising Management on the adequacy of financial systems; the adequacy of Controls in the Letters of Credit and Funds Processing Units, Corporate Banking, Treasury Management and Financial Institutions’ Divisions. Other assignments delegated by the Managing Director and Chief Executive Officer.
Divisional Chief Internal Auditor (Shell Petroleum Dev. Co. of Nig. Ltd. Western Division.
Duties included co-ordination of the activities of the Divisional Internal Audit Outfit; Planning of audit programmes; Liaising with External Auditors, carrying out special audits and investigations in a computerized accounting environment; Attended Audit Committee Meetings as Secretary; Any other assignments delegated by the Divisional Manager.
Senior Divisional Internal Auditor (Shell Petroleum Dev. Co. of Nig. Ltd Eastern Division) Duties included examination of Company’s Books of Accounts which are computerized; Review and Evaluation of the adequacy of the various finance systems; Testing of compliance with procedures/internal control regulations. Deputize for the Divisional Chief Internal Auditor during his absence on leave/course/seminars.
Internal Auditor (Shell Petroleum Dev. Co. of Nig. Ltd – Eastern Division). Internal audit of Company’s computerized Books of Accounts. Review and evaluation of the adequacy of the Company’s financial system, Testing of compliance with procedures and internal control regulations. |
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RESEARCH EXPERIENCE:
PUBLICATIONS:
EDUCATIONAL PAPERS:
CURRENT AREAS OF RESEARCH
CONFERENCES/WORKSHOPS/SEMINERS |
Ph.D. Research Thesis: Impact of Creative Accounting on Financial Performance Reporting of Companies in Nigeria Contribution to knowledge:
FOREIGN JOURNALS
Creative accounting and Implication on dividend payout of companies in the Financial Sub-sector of Nigerian Economy. Mediterranean Journal of Social Science, 3 (15): 125-139. (ROME, ITALY)
Creative accounting practices in Nigerian banks, African Research Review, 6 3 (26): 23-41. (ETHIOPIA)
Tax incentives and return on equity of quoted manufacturing companies in Nigeria, Reiko International Journal of Business and Finance. 5 (1): 87-99. (USA)
Audit expectation gap and Financial reporting in Rivers State. Reiko International Journal of Business and Finance 5 (2): 48-61. (USA)
Audit rotation, creative accounting, audit independence and objectivity Research Journal of Finance and Accounting (RJFA) 5 (1): 129-137. (USA, UK)
A critique on cash basis of accounting and budget implementation in Nigeria, European Journal of Accounting, Auditing and Finance Research, 2 (3): 69-84 (UK)
The relevance of environmental cost classification and financial reporting: A review of standards; Journal of Economics and Sustainable Development. 5 (7): 39-49 (USA, UK)
Assessment of long-run equilibrium relationship between tax revenue and economic growth in Nigeria (1986-2012) The SIJ Transactions on Industrial, Financial and Business Management(IFBM), 2 (2): 39-47 (India) (My contribution in this paper is 40%)
Financial control and the challenges of fraud prevention in the banking industry, International Journal of Research in Management (IJRM). 4 (4): 31-47. (USA, UK)
Just-In-Time cost accounting system and socio- economic factors affecting its adoption by Nigerian Firms, Journal of Empirical Economics (JEE) 2 (3): 116-128. (Pakistan)
Institutional factors influencing the academic performance of students in principles of accounting. International Journal of Higher Education (IJHEM) 1 (1): 15-26 (UK)
12) Egbe, S. & Ibanichuka, E.A.L. (2015) Impact of board size on earning per share of quoted manufacturing firms in Nigeria. Brazilian Research Journal of Humanities, Social and Management Sciences(BRJHSMS) 8 (2): 65-78. (Brazil)
V 5 (2): 27-38 (USA) (My contribution in this paper is 40%)
LOCAL JOURNALS
Small companies audit: How relevant in the Nigerian context. Journal of Business Research. 1 (2): 176-204. (Nig)
The imperatives of capital adequacy in operating performance appraisal of Banks in Nigeria: A cross sectional analysis. Journal of Industrial, Business & Economic Research (THE JIBER) 7 (1): 12-22. (Nig)
Adoption of advanced manufacturing technology (AMT) and management accounting and reporting practices: A review of literature. The Nigerian Journal of Financial Research (NJOFIR) 5 (1): 71-80 (Nig)
Assessment of the effects of environmental practices on sustainable development in the Niger Delta Region of Nigeria. The Nigerian Journal of Financial Research, (NJOFIR) 6 (1): 87-112 (Nig)
Evaluation of the impact of creative accounting techniques on reported financial performance of firms in Nigeria. Nigerian Journal of Economics and Financial Research, 2 (1): 242-258. (Nig)
Leadership challenge of principals and work morale among secondary school teachers in Nigeria (A study of Rivers State) Journal of African Contemporary Research, 7 (1): 49-55. (Nig) (My contribution in this paper is 40%)
Effect of Value-Added Tax on economic growth and development in Nigeria, 1994-2008, International Journal of Agriculture and Development Economics (IJADE) 2 (1): 193-203 (Nig)
Activity Based Costing and project implementation in small scale enterprises in Rivers State, African Business and Finance Journal, 5 (2): 137-143 (Nig) (My contribution in this paper is 40%)
The Nigerian accounting Standards Board and Corporate Financial Reporting: Matters arising, The University Advanced Research Journal, 9, 88-99 (Nig)
An empirical investigation of price-level changes and accounting information in Nigeria, The University Advanced Research Journal, 12, 79-94 (Nig)
Cost of sales, an index of audit process control in strategy implementation, Journal of Business & Value Creation (JBVC) 4 (2): 55-63 (Nig)
Effect of investors ratios on stock price determination in the Nigerian Capital Market, Development Studies Round Table (A Journal of Development) 5 (2) 121-130 (Nig)
Auditors’ independence and professional services in Sub-Saharan Africa: Evidence from Nigeria, Rhema University Journal of Management & Social Sciences, 3 (1): 115-127 (Nig)
14-21 (Nig) (My contribution in this paper is 60%)
BOOKS
ISBN: 978-37925-2-9.
Executorship Law and Accounts, Trusteeship and Bankruptcy, Port Harcourt: (Mgba Printing/Publishing Company) ISBN: 978-366-08-2-9 (My contribution to the publication of this book is 50%)
ISBN 978-30380-5-15
ISBN 978-30382-21-94 (My contribution to the publication of this book is 50%)
ISBN 978-978-5106-4-5
Creative Accounting and implication for dividend payout of companies in the financial subsector of Nigerian Economy. Paper presented at the ICBER – 2012 Conference held on 25th -26th June 2012 at the University of Education, Rumuolumeni, Port Harcourt, organized by Association of Business Educators of Nigeria
International Best Practices in Revenue Generation; Realizing National Economic Strategic Plans through Benchmarking. Organized by Institute of Chartered Accountants of Nigeria (ICAN) at International Conference Centre, Abuja.
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JOURNAL PUBLICATIONS
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SUMMARY |
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FOREIGN JOURNALS
Ibanichuka, E.A.L. & Ihendinihu, J.U. (2012), ** Creative accounting and Implication for dividend payout of companies in the Financial Sub-sector of Nigerian Economy. Mediterranean Journal of Social Science, 3 (15): 125-139. (ROME, ITALY)
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The paper examines the relationship between creative accounting and reported financial performance of banks and insurance companies in Nigeria.The study shows that creative accounting techniques are positively associated with firm financial performance and have significant effect in dividend payout.The paper concludes that the desire to showcase impressive picture of corporate profitability through payment of enhanced dividend often breaches professional ethics in financial reporting. The paper recommends a more stringent regulatory regime with effective enforcement mechanism.
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Akenbor, C. O. & Ibanichuka, E.A.L, (2012), ** Creative accounting practices in Nigerian banks, African Research Review, 6 3 (26): 23-41. (ETHIOPIA)
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The paper is an empirical investigation of Creative Accounting Practices (CAP) in the Nigerian Banking Industry.The paper reveals that the major reason for creative accounting practices in Nigerian Banks is to boost the market value of shares thus users of accounting information are adversely affected by CAP.The paper recommends considering CAP as a serious crime and requiring regulatory bodies to adopt strict measures to stop the practice
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Ohaka, J. & Ibanichuka, EAL (2013), ** Tax incentives and return on equity of quoted manufacturing companies in Nigeria, Reiko International Journal of Business and Finance. 5 (1): 87-99. (USA) |
The paper examines the potency of investment Tax Credit (ITC) and reinvestment allowance (RIA) in redefining corporate financial performance in relation to return on equity (ROE).The results indicate a significant positive relationship between ITC, RIA and ROE.The study conceptualizes a Tax Incentive-Corporate Profitability Impact Model (TICPIM) to accord meaningful impetus to a pragmatic proprietary system advocacy (PPSA) for the Nigerian economy
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Ibanichuka, EAL & Ebere C.C (2013), ** Audit expectation gap and Financial reporting in Rivers State. Reiko International Journal of Business and Finance 5 (2): 48-61. (USA)
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The paper examines the effect of financial reporting on audit expectation gap particularly as it affects safe guarding of corporate property, promoting efficiency in corporate performance and enhancing confidence in reporting.The paper shows that financial reporting has positive effects on safe guarding of corporate property and promotion of efficiency in corporate performance.The study, however, shows that financial reporting in Nigeria does not significantly inspire confidence in financial report users.The paper recommends more education and enlightenment to be given to financial statement users on the duties and responsibilities of auditors in Nigeria
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Oyadonghan, K.J & Ibanichuka, EAL (2014), ** Audit rotation, creative accounting, audit independence and objectivity Research Journal of Finance and Accounting (RJFA) 5 (1): 129-137. (USA, UK) |
The study evaluates empirically the effect of audit rotation on creative accounting, and its relationship between independence, objectivity and financial discipline of management. The results of our analysis show that audit rotation has a positive effect on creative accounting, audit objectivity, independence and financial discipline.The paper recommends that audit rotation should be seen by shareholders, investors and regulatory authorities as a means of guaranteeing corporate survival
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Ibanichuka, EAL & Oyadonghan, K.J (2014), ** A critique on cash basis of accounting and budget implementation in Nigeria, European Journal of Accounting, Auditing and Finance Research, 2 (3): 69-84 (UK)
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The paper examines the implications for the use of cash basis as it relates to persistent problem of poor budget implementation in Nigeria.The study shows that cash basis has a positive effect on budget implementation and fair presentation of the financial position of a government.The paper recommends that the accrual basis of accounting should be adopted by government ministries and extra-ministerial departments in Nigeria
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Ibanichuka, EAL & Oyadonghan K.J (2014), ** The relevance of environmental cost classification and financial reporting: A review of standards; Journal of Economics and Sustainable Development. 5 (7): 39-49 (USA, UK)
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The paper evaluates some aspects of IAS and selected companies’ financial statement to see the level of companies’ response to their responsibilities generated through the negative production externalities.The study shows that firms report their environmental cost with no specific classification of type to enable proper reporting in either income statement or statement of financial position.Firms only give a descriptive disclosure of environmental cost with no monetary value in the Chairman’s or Director’s report.The paper recommends that cost should be reported in the statement of financial position.
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Ihendinihu, J.U, Jones, E and Ibanichuka, EAL (2014), ** Assessment of long-run equilibrium relationship between tax revenue and economic growth in Nigeria (1986-2012) The SIJ Transactions on Industrial, Financial and Business Management(IFBM), 2 (2): 39-47 (India) (My contribution in this paper is 40%)
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The paper examines the dynamic causal relationship between Tax Revenue components and economic growth in Nigeria from 1986-2012.The results indicate that total tax revenue has significant effect on economic growth explaining about 73.4% of the total variation in real gross domestic production (RGDP), CIT, EDT and OTR respectively, has influence on economic growth, sustaining long-run equilibrium relationships with RGDP.No significant causal relationships exist between PPT, VAT and economic growth.The paper recommends that government should encourage and sustain strong fiscal responsibility and transparency in governance to promote voluntary compliance to tax payment, fight corruption and minimize waste in the use of tax revenue
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Oyadonghan, K.J & Ibanichuka, EAL (2014), ** Financial control and the challenges of fraud prevention in the banking industry, International Journal of Research in Management (IJRM). 4 (4): 31-47. (USA, UK)
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The paper examines the factors that are responsible for the continued increase in bank fraud despite the existence of financial control guidelines provided by the CBN and other regulatory agencies. The study reveals that the current control measures by CBN and other control bodies are sufficient in content and scope to prevent fraud in the industry, but the effective operation of such controls are hindered by human and system failures. The paper recommends among others, that monitoring by the relevant control agencies should be improved and be more frequent to prevent any fraud |
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Ibanichuka, EAL & Oyadonghan, K.J (2014), ** Just-In-Time cost accounting system and socio- economic factors affecting its adoption by Nigerian Firms, Journal of Empirical Economics (JEE) 2 (3): 116-128. (Pakistan)
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The paper examines the Just –in – Time Cost Accounting System as compared with the traditional method of accounting and the socio-economic factors affecting its adoption in Nigeria.The study reveals that the level of technological advancement, culture, management commitment awareness and other factors affect its adoption.The paper recommends effective training programmes for Managers and Staff while government should engage in more infrastructural development activities and provide a high capital allowance for firms for adopting Just-In-Time System of Accounting and Production |
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Akenbor, C.O & Ibanichuka, EAL (2014), ** Institutional factors influencing the academic performance of students in principles of accounting. International Journal of Higher Education (IJHEM) 1 (1): 15-26 (UK)
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The paper examines the institutional factors influencing academic performance of students in principles of accounting.The study reveals that institutional factors affecting students’ achievement in principles of accounting in Nigerian Universities are class, size, entry requirement, and access to functional library, semester durations, contact hours and curriculum contexts.The paper recommends redesigning of principles of accounting curriculum to meet specific needs of each performance.The course should be taught in small class size, avoid crashing of programme from 12- week semester to 8 weeks, provide a minimum of two contact hours and NUC to carry out inspection of facilities in Universities library to ensure existence of functional e-library and availability of modern and contemporary textbooks in principle of accounting.
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Egbe, S. & Ibanichuka, E.A.L. (2015), Impact of board size on earning per share of quoted manufacturing firms in Nigeria. Brazilian Research Journal of Humanities, Social and Management Sciences(BRJHSMS) 8 (2): 65-78. (Brazil)
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The paper investigates the relationship between corporate governance mechanisms and financial performance of manufacturing companies in Nigeria. The paper reveals that board size, a corporate governance mechanism, is positively associated with firm financial performance proxied by earnings per share. The paper recommends relatively large board size as against small board size as this is more effective in performing the board’s governance roles because of it having enough members to discharge its responsibilities.
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Clifford O. Ofurum, Emmanuel A. Ibanichuka & James K. Oyadonghan (2015) Evaluation of the relevance of information content of cash flow statements to stock prices in the Nigerian Capital Market. Journal of Advancements in Economics, Finance & Accounting, V (2): 27-38 (USA) (My contribution in this paper is 40%)
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The paper examines the relationship between information content of cash flow statements and stock prices in the Nigerian Capital Market. The results of the study show that cash flow ratios provide valuable information for stock price decisions in the capital market. The paper recommends that cash flow statements of listed companies in the Nigerian capital market should be provided in the Stock Exchange fact’s book to enhance decision makers access to relevant information.
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Ebere, Chukwuma Christopher & Ibanichuka, Emmanuel Amaps Loveday (2016) Money laundering and forensic accounting skills in Nigerian Banks, Research Journal of Finance & Accounting, 7 (15): 149-155 (USA, UK)
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The paper examines money laundering and forensic accounting skills in Nigerian banks with the purpose of determining whether the extent of placement, layering and integration money laundering methods are affected by forensic accounting skills. The findings reveal that forensic accounting skills curb money laundering activities. The paper recommends that Nigerian banks should formulate deliberate policies that ensure recruitment of forensic accountants to man internal audit outfits as this will enhance the capacity of such banks in curbing money laundering activities.
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Uche T. Agburuga & Emmanuel A. L. Ibanichuka (2016) Managerial and controlling ownership, profitability, firm size and financial leverage in Nigeria, International Journal of Business and Management Review, 4 (9): 43-57 (UK)
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The paper examines the relationship between managerial and controlling ownership, profitability, firm size and financial leverage in manufacturing and service industries. The result suggests increasing (decreasing) use of debt capital when MCOWN is low (high) and that the higher (lower) the MCOWN, the greater (lesser) the agency cost contradicting the notion that FL is a governance mechanism that mitigates agency problem
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Uche T. Agburuga & Emmanuel A. L. Ibanichuka (2016) The predictive ability of corporate profitability components and future earnings, European Journal of Accounting, Auditing and Finance Research, 4 (11): 1-12 (UK)
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The paper considers the predictive ability of corporate profitability components and their relationship to future earnings. The result shows that future earnings (FTE) was negatively related to financing leverage component (FLC) and investing leverage component (ILC) and positively related to operating leverage component (OLC)
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Asian A. Umobong & Emmanuel A. L. Ibanichuka (2016), Accounting manipulations and firm financial performance: Evidence from Nigeria, European Journal of accounting, Auditing and Finance Research, 4 (10): 30-47 (UK)
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The paper examines relationship of accounting manipulations using timing of assets as independent variable and firm’s financial performance (dependent variable) using Return on assets, Return on Equity and Earnings per share.The result shows respectively a significant relationship between TAT and ROA, ROE and EPS. The paper further confirms a positive relationship of TAT with ROA and EPS and a negative relationship of TAT with ROE. The paper recommends regulators overhaul of corporate governance mechanisms, amendment of CAMA 2004, internal audit empowerment and audit committee’s extensive attention to Timing of assets sales to prevent use of manipulative techniques.
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Ibanichuka, E.A.L. (2002), ** Small companies audit: How relevant in the Nigerian context, Journal of Business Research, 1 (2): 176-204 (Nig) |
This paper examines the relevance and thus the necessity of small companies audit in Nigeria reviewed from five perspectives. The developmental, Entity concept, ecological, strategic systems and Global systems perspectives The paper recommends among others the review of CAMA’90 with respect to small company’s and/or modification of formal audit of small companies to accommodate the peculiar characteristics of such companies.
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Ibanichuka, E.A.L. (2003), ** The imperatives of capital adequacy in operating performance appraisal of banks in Nigeria: A cross sectional analysis, Journal of Business & Economic Research (JIBER) 7 (1): 12-22 (Nig)
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The paper shows the close relationship between the levels of bank capital and their operating income.It further shows how this relationship affects operational performance of banks thus indicating that adequacy of capital directly and significantly affects the operating performance of banks and their ability to withstand the negative effects of distress and absorb operational losses and hedging against insolvency and maintain sustainable growth.
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Ibanichuka, E.A.L. (2007), ** Adoption of advanced manufacturing technology (AMT) and management accounting and reporting practices: A review of literature. The Nigerian Journal of Financial Research (NJOFIR) 5 (1): 71-80 (Nig)
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This article examines how the adoption of AMT influences the management accounting and reporting practices of manufacturing companies. The study shows greater use of new costing systems, non-financial systems as well as non-financial performance measurement indicators (PMIs) such as benchmarking, product line, and suppliers’ performance
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Ibanichuka, E.A.L. & Ihendinihu, J. U. (2008), ** Assessment of the effects of environmental practices on sustainable development in the Niger Delta Region of Nigeria. The Nigerian Journal of Financial Research(NJOFIR) 6 (1): 87-112 (Nig)
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This article assesses the effects of environmental accounting practices on sustainable development in Niger Delta Region.The study shows how environmental accounting practice impacts on changes in environmental performance and sustainable development particularly identifying scholarship, water and healthcare projects as dominant developmental projects in host communities |
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Ibanichuka E.A.L, & Ihendinihu J.U. (2009), ** Evaluation of the impact of creative accounting techniques on reported financial performance of firms in Nigeria. Nigerian Journal of Economics and Financial Research, 2 (1): 242-258. (Nig)
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The paper examines the impact of creative accounting techniques on firm financial performance reporting in Nigeria.The study shows that creative accounting significantly impacts returns on assets of Nigerian firms.It furthers shows that creative accounting techniques were used to massage reported financial figures in accounts |
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Asodike J.D, Ebere, C.C. & Ibanichuka E.A.L, (2012), ** Leadership challenge of principals and work morale among secondary school teachers in Nigeria (A study of Rivers State) Journal of African Contemporary Research, 7 (1): 49-55. (Nig) (My contribution in this paper is 40%)
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The paper examines leadership challenge of principals and work morale amongst secondary school teachers in Nigeria, particularly in Rivers State. The study reveals that leadership capacity of principal is greatly affected by school vision and work moral ethics which are in turn greatly affected by influence acquired by excellence, commitment and decision making
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Akenbor, C.O & Ibanichuka, EAL (2012), ** Effect of Value-Added Tax on economic growth and development in Nigeria, 1994-2008, International Journal of Agriculture and Development Economics (IJADE) 2 (1): 193-203 (Nig)
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The paper examines Value Added Tax (VAT) to determine its impact on economic growth and development in Nigeria. The study reveals a significant positive relationship between VAT and economic growth and development. The paper recommends Government providing adequate regulatory provisions for retrieving VAT proceeds from companies and other collection agents and proper business enumeration in each state of the federation to create a good data base of vatable activities |
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Ebere, C.C, Ibanichuka, EAL and Yaakoo P.D (2012), ** Activity Based Costing and project implementation in small scale enterprises in Rivers State, African Business and Finance Journal, 5 (2): 137-143 (Nig) (My contribution in this paper is 40%) |
The paper examines Activity-Based Costing (ABC) and project implementation in small scale enterprises in Rivers State. The study reveals a positive correlation between implementation in small scale enterprises in Rivers State. Also, it reveals a positive correlation between ABC and organizational profitability and efficiency. The paper concludes that adoption of ABC increases profitability and reduces inefficiency in small scale enterprises
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Ibanichuka, EAL and Anyaku (2013), ** The Nigerian accounting Standards Board and Corporate Financial Reporting: Matters arising, The University Advanced Research Journal, 9, 88-99 (Nig)
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The paper examines theoretical issues arising from corporate financial reporting particularly as it relates to standard setting in a political environment, the expectation gap in corporate reporting, emerging trends in NASB financial reporting and promoting transparency through narrative reporting. The paper concludes that the purpose of accounting is not uniquely that of constituting a memory of enterprises’ operations but a means of political calculation of enterprises’ economic performance indicator
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Ibanichuka, EAL and Major, I.H (2014), ** An empirical investigation of price-level changes and accounting information in Nigeria, The University Advanced Research Journal, 12, 79-94 (Nig) |
The paper examines the influence of price –level changes on accounting information in Nigeria. The result of our analysis shows that there is no positive and significant relationship between price level change and accounting information in Nigeria. The study further shows that no significant difference exists in accounting information during inflationary and non-inflationary periods of the Nigerian economy. The paper recommends that where conventional reporting method is used in the preparation of financial statement, historical costs and revenues should be restated or adjusted to reflect the current purchasing power of money for better decision making |
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Ibama, Kellyiyi C.K. & Ibanichuka, E.A.L. (2015), Cost of sales, an index of audit process control in strategy implementation, Journal of Business & Value Creation (JBVC) 4 (2): 55-63 (Nig)
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The paper examines whether cost of sales is a determining factor in achieving the efficiency of internal audit process control with respect to sales strategy implementation in quoted manufacturing firms in Nigeria. The result shows that cost of sales is relevant in the control process of sales strategy implementation. The paper concludes that cost of sales is a significant measure of process control with respect to sales strategy implementation.
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Ibanichuka, E.A.L. & Oyadonghan, J.K. (2015) Effect of investors ratios on stock price determination in the Nigerian Capital Market, Development Studies Round Table (A Journal of Development) 5 (2) 121-130 (Nig)
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The paper reviews the information and decision worth of investment ratios to decisions made in the capital market on stock prices. The results reveal that earnings per share and dividend per share have positive effect on stock prices in the stock market, while dividend yield, dividend cover and earnings yield have negative effect on changes in stock prices at the capital market. The paper recommends that annual reports should contain other investors ratios as it is with earnings per share and dividend per share.
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Ibanichuka, E.A.L. & Oyadonghan, J.K. (2015) Qualitative accounting information and investors decision in the Nigerian Capital Market, Journal of Management & Social Sciences, 3 (1) 53-61 (Nig)
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The paper aims at determining the value relevance of qualitative accounting information to the efficient allocation of scarce resources in the capital market decision making process. The result shows that relevance of accounting information is of great importance to investors in decision making; that faithfulness, timeliness and reliability are variables outside the control of the investors. The paper recommends that disclosure of financial information should include the level of earnings management and dividend policy.
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Ogbonna, G.N., Ibanichuka, E.A.L. & Joseph Fineboy Ikechi (2015), Tax incentives as stimulus for industrial growth and its implications in Nigerian Economy (A survey of selected companies in the South-East, Nigeria,1996-2014) African Business and Finance Journal, 7 (1): 112-121 (Nig) (My contribution in this paper is 40%)
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The paper investigates tax incentives as stimulus for industrial growth in Nigeria from 1996 to 2014. The results show positive and significant relationship between adequate tax incentives and industrial growth in Nigeria. The study further shows a positive and significant relationship between tax incentive awareness and motivation to invest as well as its capability to attract investment locally and internationally. The paper recommends that government should provide adequate tax incentive and create sufficient awareness of its availability to motivate Nigerians and foreigners to invest in businesses in Nigeria to accelerate the desired industrial and economic growth.
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Ibama, Kellyiyi C.K. & Ibanichuka, E.A.L. (2015) Internal audit efficiency: Strategy implementation emphasis in quoted manufacturing firms in Nigeria, West African Journal of Business & Management Sciences, 4 (3): 308-317 (Nig)
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The paper examines the existing association between internal audit efficiency and strategy implementation in quoted manufacturing firms in Nigeria. The result shows that internal audit is relevant in the resource utilization of a firm and that the reports of internal audit are used as guide to manufacturing decision implementation. The paper recommends that the operations of internal audit units should be accorded a high level of cooperation from all employees of the firm. |
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Nwaiwu, J. N. & Ibanichuka, E.A.L. (2015) Auditors’ independence and professional services in Sub-Saharan Africa: Evidence from Nigeria, Rhema University Journal of Management & Social Sciences, 3 (1): 115-127 (Nig)
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The paper investigates the influence of auditors’ independence on professional services. The results show that there exists a positive and significant influence of auditors’ independence on corporate secretarial consultancy and financial management consultancy services but a negative and insignificant influence on tax management services. The paper recommends that regulators should discourage the practice where auditors render other paid professional services to the same firms they audit by enforcing the provisions of the law which disapproves such. |
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Ibanichuka, E.A.L. & Ebere, C.C. (2016) Tax revenue and economic productivity in Nigeria (1994-2013), University of Port Harcourt Journal of Accounting & Business, 3 (1): 289-297 (Nig)
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This paper investigates tax revenue and economic productivity in Nigeria from 1994 to 2013 with the purpose of determining whether Value Added Tax (VAT) and Petroleum Profit Tax (PPT) relate with All Share Index (ALSI) and market capitalization (MKTCAP) respectively. The results show that value added tax and petroleum profit tax contributed positively and significantly to all share index and market capitalization respectively. The paper recommends that policies regarding assessment, collection and administration should be aimed at promoting growth in corporate values of shares quoted in the Nigerian Stock Exchange. |
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Ebere, C. C. & Ibanichuka, E. A. L. (2016), Audit committee and financial performance of quoted insurance companies in Nigeria (2008 – 2014), International Journal of Advanced Academic Research (Social and Management Sciences), 2 (7): 75-85 (Nig)
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The paper examines how audit committee’s size affect the financial performance of insurance companies proxied as return on assets (ROA) and return on equity (ROE). The results reveal that audit committee’s size does not significantly affect returns on assets and equity of insurance companies. The paper recommends amendment of the enabling laws guiding the code of insurance practice to allow priority attention to be given to audit committee’s advice and recommendations. |
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Emmanuel Amaps Ibanichuka, Johnson Nwaiwu & Prince Dordum Yaakoo (2016), Triple bottom line accounting and financial performance of oil companies in Nigeria, West African Journal of Business and Management Sciences, 5 (2): 1-14 (Nig) (My contribution in this paper is 60%)
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The paper examines the relationship between triple bottom accounting (social, environmental and economic accountability) and performance of oil and gas companies in Nigeria. The findings reveal that social, environmental and economic accountability have significant relationship with return on assets, earnings per share and dividend per share. The paper recommends that oil companies in Nigeria should be more socially, environmentally and economically responsible to their spheres of contact. They should house the 3Ps-people, planet and profit in their corporate report as it has triple bottom line benefits such as social capital formation, environmental health and economic prosperity which are the three pillars of sustainable petroleum business in Nigeria |
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Ibanichuka, E. A. L. & Wilson, G. N. (2016), Responsibility accounting and financial performance of petroleum marketing firms in Rivers State of Nigeria, Journal of Management Sciences, 3 (1 & 2): 196-207 (Nig)
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The paper investigates the interrelationship existent between responsibility accounting and financial performance of petroleum marketing firms in Rivers State. The results reveal that responsibility accounting has a significant and positive impact on financial performance of petroleum marketing firms in Rivers State. The paper recommends prioritization of expenditure per market demand in order to boost profit, ensure that assets are put to proper use to improve returns on investment and periodical review of individual manager’s responsibility and attainable objectives to keep pace with the short and long term goals of the firm |
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Ibanichuka, E. A. L. & Umelo, N. (2016), International Financial Reporting Standards (IFRS) and financial performance of Oil & Gas companies in Nigeria, Journal of Management and Social Sciences, 4 (1 & 2): 161-171 (Nig)
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The paper investigates the effects of the adoption of International Financial Reporting Standards (IFRS) on the financial performance of indigenous oil and gas entities in Nigeria. The findings of the study reveal that IFRS has a negative and non-significant effect on financial performance (profitability, liquidity and gearing ratios) of oil and gas companies in Nigeria. The paper recommends indigenous oil and gas companies to make their annual reports public to enable objective critical analysis; present financial reports in line with IFRS benchmarks but improve on internal operational efficiency to achieve profitability and FRCN to re-evaluate its adoption of IFRS and harmonize all conflicting standards in line with local prevailing factors.
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E. A. L. Ibanichuka, J. N. Nwaiwu & O. I. Briggs (2016), Accruals quality and return on capital employed (ROE): Evidence from oil companies in Nigeria, Journal of Management & Social Sciences, 4 (1& 2): 237-247 (Nig) (My contribution in this paper is 60%) |
The paper empirically ascertains the relationship between accruals quality and return on capital employed of oil companies in Nigeria. The results indicate that there is a positive but insignificant relationship between accruals quality and return on capital employed. The paper recommends among others that to attain optimum compliance, regulators in the sector should ensure adequate monitoring of firms and immediate action should be carried out on erring firms.
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Ibanichuka, Emmanuel Amaps & Joseph Fineboy Ikechi (2016), Effective Inventory Management and Operations of oil Drilling Companies in Nigeria, African Social and Educational Journal, 5 (2): 1-10 (Nig)
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The paper examines effective inventory management and the operations of oil drilling companies in Nigeria. The results show positive and significant correlation between effective inventory management and downtime in the operations of oil drilling firms resulting in loss income on such firms. The results further reveal a significant correlation between incessant downtime owing to poorly managed inventory control and termination of contract. The paper recommends that drilling firms should strengthen their inventory management system for effective and timely work delivery to avert downtime, loss of income and termination of contracts.
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Ibanichuka, E. A. L. & Syder, Inuadume Daniel (2016), Non-oil Tax Revenue and Economic Growth in Nigeria (1984-2013), Development Studies Round Table (A Journal of Development) 5 (4): 136-142 (Nig)
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The paper examines the impact of non-oil tax revenue (Value Added Tax-VAT and Company Income Tax-CIT) on economic growth in Nigeria. The findings indicate that VAT impact negatively on Real Gross Domestic Product (RGDP) but is insignificant at 5% level. Similarly, CIT relates positively with RGDP and has significant impact on RGDP at 5% level of significance. The paper shows that there is the presence of two cointegrating relations among the studied variables. The concludes non-oil tax revenue impact moderately on economic growth in Nigeria at both short and long run perspectives. The paper recommends a paradigm shift on revenue generation framework from oil base to non-oil base activities. |
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Ibanichuka, Emmanuel Amaps & Briggs Okorite Isaac (2016), Accruals quality and return on assets (ROA) of oil companies in Nigeria, University of Port Harcourt Journal of Accounting & Business, 3 (2): 1-13 (Nig)
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The paper examines the relationship between accruals quality and return on assets of oil and gas companies in Nigeria. Results indicate there is no correlation and an insignificant relationship between accruals quality and returns on assets. The paper recommends that management and directors of oil firms should not be absolved of improved scrutiny as it is their responsibility to avail users of financial statements with adequate disclosures. This can be ensured through the enforcement of appropriate retributive measure on defaulting firms.
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Ibanichuka, E. A. L., Johnson, N. N. & Aneke, Emmanuel C. (2016), Capitalization policy and financial performance of oil & gas companies in Nigeria, Quarterly Journal of Contemporary Research, 3 (1): 14-21 (Nig) (My contribution in this paper is 60%)
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The paper investigates the impact of capitalization policy on financial performance of oil and gas exploration companies in Nigeria. The test results show that capitalized exploration and evaluation costs have no significant effect on return on capital employed and total asset turnover of the firms. The paper recommends capitalization methods that are objective, unbiased and consistent with accounting prudence concept be implemented to address the divergent policy issues. Industry specific initiative that would enhance investment decision making and uniformity of accounting language be introduced. |
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Umobong, A. A. & Ibanichuka, E.A.L. (2016), IFRS implementation and firm’s financial performance in Nigeria, International Journal of Innovative Finance and Economics Research, 4 (4): 50-59 (NIG, ESTONIA)
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The paper examines International Financial Reporting Standards (IFRS) adoption and firm’s financial performance in Nigeria. Findings indicate no significant difference in means of return on assets, return on equity and earnings per share in pre-and post-adoption periods. This implies that IFRS adoption does not impact on reported performance of companies in terms of preventing bloated earnings. The paper recommends regulators to overhaul corporate governance mechanisms, staff training on IFRS and internal audit empowerment |
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Ebere, Chukwuma Christopher, Ibanichuka, E.A.L. & Ogbonna, G. N. (2016), Corporate governance system and financial performance of quoted insurance companies in Nigeria. International Journal of Business & Law Research, 4 (4): 34-41(NIG, ESTONIA) (My contribution in this paper is 40%)
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The paper investigates the corporate governance system in terms of board size and board composition and its relationship with earnings per share and return on assets of quoted insurance companies in Nigeria from 2008 to 2015. The results show that board size and board composition respectively has a positive and statistically significant relationship with earnings per share and return on assets. The study recommends that regulators must ensure competent independent members are well represented on the board of directors. Also, ensure that insurance companies strictly adhere to the corporate governance code of conduct to achieve maximum financial performance. |
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E.A.L Ibanichuka & Ogonda, G.O. (2016), Tax revenue and economic development in Nigeria: 1990-2012. University of Port Harcourt Journal of Accounting and Business, 4 (1): 118-127 (NIG)
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The paper examines the effects of Tax Revenue on the Economic Development of Nigeria for the period 1990-2012. The results show tax revenue variables have significant effect on variables of economic development. The paper recommends among others that ICT should adequately be used with respect to tax collection |
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E.A.L. Ibanichuka & Salifu, D. (2016), Value added tax and revenue generation: Evidence from a developing country. Rhema University Journal of Management and Social Sciences, 5 (1): 197-205 (NIG)
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The paper evaluates the effect and relationship between value added tax and revenue generation in Nigeria from 1995 to 2014. The results show that there is a significant and positive relationship between value added tax and revenue generation in Nigeria; but shows that consumption value added tax has no significant effect on total federally collected revenue in Nigeria. The paper recommends among others for government to encourage a strong fiscal transparency system and responsibility through effective legislation to promote compulsory compliance in tax payment. |
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Umobong, A.A. & Ibanichuka, E.A.L. (2017), Audit committee attributes and financial reporting quality of foods and beverage firms in Nigeria, International Journal of Innovative Social Sciences & Humanities Research 5 (2): 1-13 (NIG) |
The paper examines the relationship between audit committee characteristics and financial reporting quality of food and beverage firms using secondary data obtained from the Nigerian Stock Exchange. The results show that increase in audit committee independence, financial expertise of members, firm age and frequency of meetings increases financial reporting quality. While increase in audit committee size and firm size decreases reporting quality. The paper recommends that more accounting and financial experts should be appointed to audit committees and a ceiling be pegged on the minimum number of meetings audit committee members should attend in a financial year. |
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49.
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BOOKS: Ibanichuka, E. A. L. (2001) Fundamental of Auditing, Smarts Publishing, PH, Reprinted 2010 by Davidstones Publishing Ltd. ISBN: 978-37925-2-9.
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This book is an introductory work on the principles and practice of auditing. It is written to serve students studying in the foundation courses up to three hundred level courses of Universities as well as first level examination of the professional body. 9 Chapters. |
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50.
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Ibanichuka, E.A.L, Ohaka, J. & Ironkwe, U. I. (2009) Executorship Law and Accounts, Trusteeship and Bankruptcy, Port Harcourt: (Mgba Printing/Publishing Company) ISBN: 978-366-08-2-9 (My contribution to the publication of this book is 50%)
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Contents Executorship Books and accounts Trust Accounts, Powers & Duties of the Personal Representatives, Apportionment of Income, Distribution and Order of Payments, Capital Gains Tax on Distribution, Bankruptcy Law & Accounts, Administration of Estate Bankruptcy Accounts & Offences Law of Succession, Trusteeship Investigation & Audit of Executors & Trustees Accounts. Covered in 12 Chapters
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51.
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Ibanichuka EAL & Onuoha T.E. (2012), Principles of Auditing, Port Harcourt: Publisher, Ano Company Publication, Thompson & Thompson Ltd. ISBN 978-30380-5-15
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Contents Introduction to Auditing, Appointment of Auditors, Audit Approach, Audit Report, Auditor’s Liabilities, Internal Control, Verification of Assets & Liabilities, Audit of Computer System, Investigations, Nigerian Standards in Auditing (NSA), Covered in 10 Chapters |
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Ofurum, C.O., Ibanichuka, EAL, & Onuoha, T. E. (2013), Intermediate Accounting and Financial Reporting Publisher: Ano Company Publication, ISBN 978-30382-21-94 (My contribution to the public-cation of this book is 50%)
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Contents: Partnership Accounts, Amalgamations Company Accounts, Statement of Cash Flow HP Accounts, Ratio Analysis, Leases, Incomplete Records, International Financial Reporting Standards (IFRS). Covered in 17 Chapters
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Asechemie, D. P. S. & Ibanichuka, E. A. L. (2014). International Accounting, Publisher: Davidstones Global Resources Ltd ISBN 978-978-5106-4-5
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Contents Introduction of International Accounting and its significance, Organizing Multinational Operations, Capital for International Business, Credit in International Trade, Techniques of foreign Exchange Risk Management, Accounting for Derivatives, Multinational Transfer Pricing, Institutions and Procedures of International Business in Nigeria, Aspects of Income Tax in Nigeria, Foreign Currency Conversion and Translation, Combination and Consolidation of Foreign Operations, International Financial Reporting Package, Foreign Investment Decisions, The ECOWAS Context, A Comparative Analysis of ECOWAS Accounting: The Anglophone Bloc, A comparative Analysis of ECOWAS Accounting: The Francophone Bloc, West African Accounting Harmonisation296, Internationalization of Accounting. Covered in 18 Chapters
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54. |
Ibanichuka, E. A. L. (2003), Monograph on Oil and Gas Accounting in Nigeria |
Contents Covers comprehensive background on Upstream and Downstream Activities, Accounting Practices and Financial Reporting of such activities in the oil and gas industry. |
