MSc in Accounting & Finance Management

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Browsing MSc in Accounting & Finance Management by Author "Agbo, Godwin"

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    THE EFFECT OF INTERNAL CONTROL SYSTEM IN THE ORGANIZATIONAL PERFORMANCE OF PUBLIC ORGANIZATIONS “A CASE STUDY OF FEDERAL INLAND REVENUE SERVICE (FIRS), NIGERIA.
    (Griffith College, 2021) Nnamdi Emmanuel Osondu
    Internal control mechanism in organizations cannot be overemphasized. This is a result of the fact that it had indeed helped specific organizations in different capacities, especially, in line with ensuring organizations achieve set missions and visions. Public sector in Nigeria is characterized by ineptness and frauds, as often revealed in news. There are five components of internal control and this study focused on one of them, referred to as control activities. This research examined one of the components of internal control (control activities) and the performance of FIRS Nigeria as an organization. Well-structured questionnaire was used to elicit data for this study. The retrieved data was analyzed descriptively and presented in tables and charts. The data revealed that there is a functional internal control mechanism in FIRS; the internal control has been able to help deter fraudulent individuals from exhibiting their tendencies. Conclusively, it was established that internal control has aid organizational performance, premised on the fact that there is ethical disposition of staff members towards their work and increased revenue generation.
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    The Effect of Procurement Procedures on Financial Performance: A Case of Fratelli Vanni Calzaturificio Footwear Company, Italy.
    (Griffith College, 2021) Igbokwe, Ifeanyi
    The study investigated the effect of procurement procedures on financial performance at Fratelli Vanni Calzaturificio Footwear Company, Italy. The objectives of this study were; to examine the extent to which response rates in the implementation of procurement procedures affect financial performance at Fratelli Vanni Calzaturificio Footwear Company, Italy; to investigate the relationship between financial management in the implementation of procurement procedures and financial performance at Fratelli Vanni Calzaturificio Footwear Company, Italy; and to study the extent which the need for professionalism in procurement procedures implementation affect the financial performance at Fratelli Vanni Calzaturificio Footwear Company, Italy. The study employed a case study research design in collecting relevant information. The total populations for this study were 41 respondents with a sample size of 41. Stratified and simple random sampling techniques were employed. Questionnaires were used as the main data collection instruments. Data was analyzed through descriptive statistics and later presented in frequency tables and percentages and pie chart. The study was carried out at Fratelli Vanni Calzaturificio Footwear Company, Italy. The study adopted lean theory to provide a relevance to the study. The statement of the problem mainly focused on major issues facing the procurement procedures and analyzes their effects on financial performance. Data was collected using a questionnaire and the findings were analyzed using both descriptive (frequencies and percentages) and inferential statistics (correlation analysis). The study established that professionalism, financial management and response rate were positively and highly correlated with financial performance. This meant that through professionalism, financial management and quick response rate, the organization can achieve its objectives which will lead to enhancement of financial performance. Professionalism was found to be crucial in any procurement procedure implementation in an organization. Therefore, it is very important for organizations to encourage professionalism and quality financial management in procurement of goods and services. They should also avoid low response rate in the implementation of the procurement procedures.