Deregulation in Microfinance Institution (MFIs) in accordance with regulatory policy architecture since 2005 has not fully stimulated sustainability towards the informal system due to the inability of MFIs to access funds and government to judiciously administer credits to beneficiaries of various schemes; this has led to the partial collapse of some schemes in Nigeria; despite Government good intentions of creating employment and alleviating poverty. In view of this, this study assessed Microfinance Institution (MFIs) and Survival of Micro and Small Enterprises (MSEs): Empirical evidence of tradermoni scheme beneficiaries in South-Western Nigeria. The study adopted Tedeschi model (2006) that examined incentives available for borrowers to repay loans. Furthermore, reference was made to Markov Chain model to investigate the response of individual borrower as an applicant and beneficiary of tradermoni scheme in the context of this study. Eighteen MFIs were sampled from 2009 – 2020. Panel data was adopted for the study. The result showed mixed influences of MFIs on survival of MSEs. We are hopeful that findings of this paper would help to fill the existing gap on the influence of MFIs on the survival of MSEs.

This study appraised the utilization of overhead grants’ efficiency among federal educational institutions in Nigeria between2011-2019. Data for the study were sourced from the Annual Audited Financial Statements of the public sector entities. The sampled size for the study comprised (25) federal educational institutions out of 69 federal educational institutions drawn across the country among four (4) geo-political zones. Data were analyzed using Data Envelopment Analysis. The results of the average efficiency scores from both CCR and BBC models showed that the entities were averagely efficient in overhead grants’ utilization. Overall results showed that federal educational institutions have high capacity to absorb sufficient overhead grants from the center. The study therefore concluded that there is need for an improved overhead grants releases to the federal educational institutions to achieve effective service deliveries of their core mandates. The study recommended a continuous assessment and periodic appraisal of the overhead grants’ utilization among the institutions by their supervising ministry to achieve full efficiency.

This paper examined costs of waters and its disclosures propensity in financial statement of corporate organizations with a view to advocate for a suitable reporting standards globally. International Accounting Standard Board has not specifically announced or produced any financial reporting standard in support of reporting cost of waters despite the huge amount of monies that some corporate industries incurred on it. Both primary and secondary data were sourced from six breweries that uses water as one of their major raw materials and analyzed through descriptive statistics techniques of Analysis of Variance (ANOVA) and Simple Percentage Method (SPM). The result revealed that there were significant relationship between earnings and cost incurred on waters by some specialized industries like breweries, juice manufacturers and food processing companies  in Nigeria and as such affects the earning potentials of the organization. On the average, water cost showed p-value of (0.04) > (0.05) level of significant in and p-value of (0.18) > (0.05) level of significant when reported differently from environmental costs. The result obtained from (80.1%) of the corporate affair section of six breweries and 65.7% professional accountants judgement from selected districts of the Institute of Chartered Accountants in Nigeria showed that there is urgent needs to provide for a separate standard of reporting such cost especially for specialized industries that uses water as their major input/raw material in their production. The study concludes that reporting cost of waters separately will project the principles of IFRS as prescribed by the board. Thus, the basic principles of human rights, cost standardization, environmental pollution protection and treatment-costs could be accounted for and reported in all the continent of the world.  Based on this, the study recommends that accounting standards making bodies need to give cost of waters adequate consideration with allotment of appropriate standards for disclosure and reporting of costs of waters for all corporate organization world-wide to allign uniformity in financial reporting.

This paper examined forensic accounting capability and useful strategies to minimize the effects of financial crimes and other related frauds in Nigeria economy. Various points at which preventive controls can be established were identified.Data were collected from two hundred and fifty five (255) respondents in the south-west geo-political zone of Nigeria and response on capability and suitability of using forensic accounting principles and measures to prevent undue practice that often arises via financial crimes in the economy were analyzed with Analysis of Variance Method. The results showed that the estimated Z-statistic was 115.3736.The critical table value of the Z-statistic at 5% level of significance (95% confidence level) was obtained as 1.645. Since the estimated test statistic (Z-statistic) value exceeds the critical table value at 95% confidence level, the null hypothesis is rejected in favour of the alternative hypothesis. Thus, the study concludes that forensic Accounting principles is capable of eliminating all types of financial frauds in any economy. It was also empirically found that forensic accounting can be used to locate diverted funds or assets, identify misappropriated assets and identified reversible insider transactions, thus, forensic accounting is useful as effective fraud detection tool, detects suspicious fraudulent transactions and covers risk assessment processes. Based on the above the study recommends the adoption of forensic accounting principles, effective appropriation of financial resources and external auditors employment.

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