Journal of Finance and Accounting

Volume 8, Issue 4, July 2020

  • Effects of Capital Structure on Business Profitability of Processing Enterprises Listed on the Dar es Salaam Stock Exchange, Tanzania

    Gaston Vedasto Mujwahuzi, Crispin John Mbogo

    Issue: Volume 8, Issue 4, July 2020
    Pages: 165-171
    Received: 27 May 2020
    Accepted: 12 June 2020
    Published: 20 June 2020
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    Abstract: This paper examines effects of capital structure on business profitability in seven processing enterprises listed on the Dar es Salaam Stock Exchange (DSE), Tanzania. Capital structure in this study was measured by long-term debt to equity ratio (LTDR) and business profitability was measured by Return on Assets (ROA), Return on Equity (ROE) and Ear... Show More
  • Effects of IFRS Adoption on the Financial Performance and Value of Listed Banks in Nigeria

    Chuks Chikwendu Nwaogwugwu

    Issue: Volume 8, Issue 4, July 2020
    Pages: 172-181
    Received: 8 May 2020
    Accepted: 2 June 2020
    Published: 23 June 2020
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    Abstract: This study examined the effect of IFRS adoption on the financial performance and value of the listed banks in Nigeria. Using a sample of 5 banks,(8 years observation) that have adopted the international financial reporting standard (IFRS) from 2012 to 2015 and pre-IFRS period from 2008 to 2011, we can investigate performance and value of the listed... Show More
  • Financial Deepening and Capital Market Returns in Nigeria

    Ogbonna Udochukwu Godfrey, Ejem Chukwu Agwu

    Issue: Volume 8, Issue 4, July 2020
    Pages: 182-189
    Received: 19 June 2020
    Accepted: 1 July 2020
    Published: 6 July 2020
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    Abstract: This study applied the error correction model to examine the relationship between financial deepening and capital market returns in Nigeria. The study was conceived because of the importance of capital market as an engine and fulcrum that propel economic growth. As such, the degree of financial services it receives should be a matter of concern to ... Show More
  • Federally Collected Non-oil Tax Revenue and National Economic Performance in Nigeria: A Pre - post Treasury Single Account Implementation Assessment

    Stanley Ogoun, Odogu Terry Keme Zuode

    Issue: Volume 8, Issue 4, July 2020
    Pages: 190-198
    Received: 26 April 2020
    Accepted: 28 June 2020
    Published: 13 July 2020
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    Abstract: This paper examined the implementation of Treasury Single Account (TSA) on federally collected non-oil tax revenue and national economic performance in Nigeria, via an inter-period comparative milieu. This study was stimulated by the divergent opinion amongst stakeholders on the justification and efficacy of the TSA model. The study was underpinned... Show More
  • Differences in the Reliability of Fair Value Hierarchy Measurements: A Cross-Country Study

    Chu Yeong Lim, Gary Pan, Kevin Ow Yong

    Issue: Volume 8, Issue 4, July 2020
    Pages: 199-207
    Received: 19 June 2020
    Accepted: 16 July 2020
    Published: 5 August 2020
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    Abstract: Prior research suggests there are significant differences in how investors perceive the reliability of fair values. An unaddressed question in this stream of research is whether cross-country differences in institutional factors can mediate differences in reliability for the fair value hierarchy measurements. We contribute to the research on fair v... Show More
  • Accounting Disclosure Practices – An Over View

    Komati Durga Prasad, Soofi Asra Mubeen, Banda Rajani

    Issue: Volume 8, Issue 4, July 2020
    Pages: 208-211
    Received: 4 March 2020
    Accepted: 8 June 2020
    Published: 19 August 2020
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    Abstract: The accounting principles consist of both concepts and conventions. Among different conventions, the disclosure convention is the most important one. The information should be presented in such a manner that it can be easily understood by a person of average knowledge and prudence. The Company Act 1956 not only requires that Income Statement and Ba... Show More