Accounting

Settlement is defined as an agreement obligating the department of juvenile justice (DJJ) to expand fund to discharge a debt due a person, entity, or group of persons when the amount owed pursuant to a dispute relating to a contract or purchase order, or as a result of another form of indebtedness. Claim settlement involves … Read more

Reinsurance is a means by which insurance company can protect itself with other insurance companies against the risk of losses, individuals and corporations obtain insurance policies to provide protection for various risks (hurricanes, earthquakes collisions, sickness and death etc.) reinsurers in turn provide insurance companies. The company, requesting the cover is called the cedant and … Read more

Marine Insurance This kind of insurance consists of insurance cover for both ships and goods against the perils of the sea. They relate to three special areas of risk namely Ship Insurance Cargo Insurance Fright Insurance Ship Insurance: Here the ship owner takes up a policy to cover him against loss of the ship and … Read more

Insurance policy is the contract containing insurance contract it is not contract on its own rather it is the documented contract. Insurance can be said to be a risk bearing institution and they carry out this work through documented contracts that can expire after and agreed period of time. By this period of time of … Read more

Insurance has 6 principles. These are as follows: The principle of proximate cause The principle of utmost good faith The principle of insurable interest The principle of indemnity The principle of subrogation The principle of contribution The Principle of Proximate Cause Proximate cause simply means the factor responsible for any harm. Throughout the history of … Read more

Insurance plays a vital role in the development of the Nigerian economy and in recent years especially since the establishment of the Nigerian Reinsurance Corporation and the African Reinsurance Corporation Center for African and to some extent for the entire insurance world. In addition to its traditional role of giving insurance protection cover to individuals … Read more

Rather than going straight to insurance companies to arrange for their services, a company may decide to use intermediaries called insurance brokers. The advantages of using such professional insurance brokers and claims consultant are many. Brokers ensure that all the format technical terms and conditions embody in every contract of insurance being prepared are strictly … Read more

As was stated until quite recently, there was little government control of the business of insurance. This freedom was abused by some unscrupulous elements that had found their way into the insurance industry. The government found it necessary as a matter of policy to introduce in general stringent controls of activities of insurance companies to … Read more

Insurance as a business has a lot to offer to the insured and to the economy in general. Insurance is the only business that exists to insure the survival of all other business including banks and financial houses. This is because the insurance company promises to indemnify a businessman if his or her business suffers … Read more

Risk is an inevitable phenomenon in everyday life, be it in the home, along the road, in the office or while accomplishing one activity or the other, one is faced with a named period depending on the nature of the activity. The question that should agitate the mind of any person, investor or business promoter … Read more

Abstract The study is on Influence of inflation and reported profit: implication on decision-making. The study was set to achieve the following objectives:, to determine the extent to which lending decision in Nigeria banks were affected by inflation between 2006 – 2011, to ascertain the extent to which inflation has impacted on the reported profits … Read more

Abstract This study which covered one of the cement fibre manufacturing industries in the country was a mixture of library research and empirical or survey method of research. Both primary and secondary sources of data were utilized in gathering relevant information. The primary sources consist of questionnaire and oral interview while the secondary sources were … Read more

ABSTRACT In the course of carrying out this research, data were collected from both primary and secondary sources to test the hypotheses. The Random sampling technique was used to determine the sample size. In analyzing and presenting data collected, tables and percentages were used. The Chi-square method was used to test the hypotheses stated, and … Read more

ABSTRACT One of the major macroeconomic variables that compliment bank performance is availability of capital. Economic theories show that inadequate capital contributes to bank failures and retards economic growth. This study however, examined the impact of bank recapitalization of banking industry on economic growth of Nigeria. It is the aim of this research work to … Read more

ABSTRACT Examination of fair value measurement in determination of profitability of listed  manufacturing firms in Nigeria was influenced by the adoption of International Financial Reporting Standard (IFRS) in Nigeria. IFRS are a set of accounting standards developed by the International Accounting Standards Board (IASB) that is becoming the global standard for the preparation of public … Read more

ABSTRACT This research work is been designed to untold the effect of Taxation on the Economy of Nigeria. The aim and objective is to find out if taxation constitutes significant impart as an instrument for control of money in circulation such as the effect on the rapid rise in price on Revenue, Expenditure and credit; … Read more

Abstract Effects of bank mergers and acquisitions on bank loans to small businesses have raised significant concern among policy makers in Nigeria. Small business lending is a prime example of a banking product likely to be affected by bank consolidations. Although bank consolidations are likely to bring evolution in the banking product market, this kind … Read more