Browsing by Author "Oguntuase Alexander Tunde"

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    FORENSIC ACCOUNTING TECHNIQUES AND FINANCIAL MISCONDUCT AMONG FEDERAL UNIVERSITIES IN SOUTHWEST, NIGERIA
    (2023-07) Oguntuase Alexander Tunde
    In Nigeria, fraud is a widespread phenomenon in different sectors of the economy, including the federal universities. Although forensic accounting techniques have proven to be an effective means of combating financial misconduct in developed economies around the world, their effectiveness in handling financial misconduct in Nigerian tertiary institutions remains unknown. Hence, this study assessed the influence of forensic accounting techniques on fund misappropriation, investigated the relationship that exists between forensic accounting techniques and value for money practices, and determined the effect of forensic accounting techniques on creative accounting practices. It also evaluated the relationship that exists between forensic accounting techniques and procurement practices with a view to mitigating financial misconduct among Federal Universities in Southwest Nigeria. The study employed survey research design. Three hundred and sixty-four (364) respondents participated in the survey and data collected were analyzed using percentages, simple and multiple regression analysis. The results showed that three techniques of forensic accounting namely, SCCP (β = -0.075, t = -3.097; IF (β = -0.575, t = -18.427; LS (β = -0.072, t = -3.011) were statistically significant and inversely affected fund misappropriation, whereas ADE (β = 1.141, t = 36.776) showed a positive significant effect on fund misappropriation. This implies that forensic accounting techniques have largely influenced fund misappropriation among federal universities in the Southwest. The result also showed that forensic accounting techniques exhibited a positive significant linear relationship with value for money practices F (4,359) = 135.998, p < 0.05). Furthermore, the study revealed that forensic accounting techniques significantly impacted on creative accounting practices, SCCP (t=-3.007, p< 0.05), IF (t=-72.93, p < 0.05). LS (t=-3.011, p < 0.05), ADE (t=147.38, p < 0.05). It was also found that forensic accounting techniques showed a positive linear relationship with procurement practices F (4,359) = 49.145, p < 0.05). The implication is that when forensic accounting techniques are strengthened, they will prevent over billing and other sharp practices in procurement processes. The study concluded that forensic accounting techniques are veritable tools to combat financial misconduct. It is therefore recommended that forensic accounting techniques should be adopted to enhance their financial transparency and accountability among federal universities in Southwest Nigeria.
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    Liquidity Management and Financial Performance of Nigerian Listed Consumer Goods Manufacturing Firms
    (Economics Management Innovation, 2024) Oguntuase Alexander Tunde; Oyeneye Temitope Esther; Olabisi Jayeola; Ojochenemi Sharon Iko-Ojo
    Financial performance is paramount to the survival of every business organization, especially in a dynamic competitive market environment where the majority of these firms operate. Thus, this present study examines the relationship between liquidity management and financial performance of Nigerian listed consumer goods firms. The study adopted an Ex-post facto research design, utilizing data generated from audited financial statements of ten (10) consumer goods manufacturing firms, throughout ten (2014 to 2023) years. The study employed descriptive and inferential statistics. The study found a negative significant relationship between the Current Ratio and Return on Assets (P<0.05). Also, the study showed a negative significant relationship between the Receivables Collection Period and Return on Assets (P<0.05). However, there was a positive insignificant relationship between the Payables Payment Period and Return on Assets (P>0.05). The study concluded that consumer goods manufacturing firms should formulate robust policies for liquidity management that enhance the financial performance of consumer goods manufacturing firms in Nigeria. Such policies should include the proactive process of ensuring the availability of cash in hand to meet financial obligations at the right time. In addition, embedding policies that encourage early payments such as offering discounts for prompt payments and follow-up with debtors to collect debts at the appropriate time. The study suggested that such policies should include a shorter receivable collection period with longer payables payment periods and follow up regularly with customers whose debts are due.
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    Re-investigating Tax Effects on Economic Growth in Nigeria: A Disaggregated Analysis
    (Journal of Economics and Policy Analysis, 2022-09) Oguntuase Alexander Tunde; Dada Matthew Abiodun; Abalaba Bamidele P.; Posu Sunday M.A.; Adedeji Adedayo O; Ndarake-Osibamowo Esther
    Taxation stands as a pivotal fiscal tool in economic management, affecting growth either positively or negatively. This study, spanning 1990-2022, delves into disaggregated analysis of tax effects on economic growth, considering variables like domestic investment, trade volume, inflation, unemployment, and population. The study scrutinises five key tax elements: Personal income tax, corporate income tax, petroleum profit tax, education tax, and customs and excise duties. With data sourced from various reputable institutions, the analysis reveals that personal income tax exerts a short-run positive influence on economic growth while petroleum profit tax exerts nil effect, similarly to customs and excise duties, corporate income tax, and education tax in both the short-run and the long-run. The result also shows that domestic investment and trade volume are positively signed while inflation, unemployment, and population are negatively signed but have weak influence on economic growth. Short-run dynamics are captured through error correction terms, suggesting a robust relationship among variables and the potential for adjustment to equilibrium. The study concludes with a call for a comprehensive overhaul of Nigeria's tax policy to foster the desired growth, alongside urgent measures to address inflation, unemployment, and population growth while bolstering trade volume and domestic investment.