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Appraisal of Mega-Accounting and Reporting on Manufacturing Companies in Nigeria

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  • Azubike Onuora Oraka
  • T. O. Okegbe

Abstract

The paper assess the Appraisal of Mega-Accounting and Reporting on manufacturing companies in Nigeria. Data were collected from both primary and secondary sources. The questionnaires were distributed to environmental officials and the residence that has embarked on environmental issues and data were analyzed with five point likert’s scale and tested with ANOVA statistical tool. It found out that lack of awareness on environmental issues contribute to the poor response to environmental matters by both the organizations and the communities at large. Policies have been made including fines or penalties to ensure compliance of manufacturing sector in preserving the environment as they are embarking on their operation. The paper recommends that the financial Reporting Counsel of Nigeria (FRCN) and the institute of Chartered Accountants of Nigeria (ICAN) and Association of National Accountant of Nigeria (ANAN) should accommodate the growing awareness in environmental cost management and formulated disclosure requirements.

Suggested Citation

  • Azubike Onuora Oraka & T. O. Okegbe, 2015. "Appraisal of Mega-Accounting and Reporting on Manufacturing Companies in Nigeria," International Journal of Empirical Finance, Research Academy of Social Sciences, vol. 4(5), pages 270-277.
    • Handle: RePEc:rss:jnljef:v4i5p2
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    References listed on IDEAS

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    2. Abagail McWilliams & Donald Siegel, 2000. "Corporate social responsibility and financial performance: correlation or misspecification?," Strategic Management Journal, Wiley Blackwell, vol. 21(5), pages 603-609, May.
    3. Amy J. Hillman & Gerald D. Keim, 2001. "Shareholder value, stakeholder management, and social issues: what's the bottom line?," Strategic Management Journal, Wiley Blackwell, vol. 22(2), pages 125-139, February.
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