Department of Accounting

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Browsing Department of Accounting by Author "Adeyeye, G.B."

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    Open Access
    Creative Accounting and Shareholders Wealth Maximization in Listed Consumer Goods Companies in Nigeria
    (Copernican Journal of Finance & Accounting, 2022) Iredele, O.O.; Adeyeye, G.B.; Owoyomi, E.B.
    This study examines the effect of creative accounting practices on the share￾holders wealth of 90 firm-year observations of ten (10) consumer goods companies list￾ed on the Nigerian Stock Exchange (NSE). Ex post facto research design was adopted us￾ing dataset for the period 2011–2019 which were collated from the annual reports and financial statements of the listed consumer goods companies. Four hypotheses were proposed and tested using pooled panel data regression. Findings revealed that fre quent changes in inventory valuation method and assets valuation methods respective ly have significant effect on shareholders wealth, while frequent changes in deprecia tion methods and liabilities valuation methods do not significantly affect shareholders’ wealth. The study recommends that external auditors should pay attention to discre tionary items in the financial statements in order to ensure that the assumptions used by managers are fair. Regulators should also evaluate the adequacy of policies around inventory and assets valuation while financial analysts and shareholders should note the application and consistency of accounting policies on inventory and assets.
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    Open Access
    Transfer Pricing Regulations and Tax Compliance among Nigerian Companies
    (2022) Adeyeye, G.B.; Bale, K.A.; Iredele, O.O.; Adeyeye, A.M.
    This study investigates the effectiveness of transfer pricing regulations of 2018 and tax compliance among Nigerian companies. The main objective of the study is to examine how effective is transfer pricing regulations in curbing tax evasion through transfer pricing scheme. The population of the study is the staff of Federal Inland Revenue service in Lagos State who are involved in the operation and implementation of transfer pricing regulations. The sample of the study was 151 staff of Federal Inland Revenue service in Lagos randomly selected from the population. The study adopted survey research design, using a structured questionnaire to obtain primary data. The data were analysed using descriptive and inferential statistical techniques. The descriptive statistics used include percentages, mean, minimum, maximum values and standard deviation. The inferential statistical technique used was One sample t-test. A 5-point measurement scale was used to gauge the effectiveness of the transfer pricing regulations. Inferences were deduced at 5% level of significance. The result of the analysis indicates that transfer pricing regulations is effective in curbing tax evasion perpetrated through transfer pricing scheme. By way of recommendation, it was suggested that tax authorities should continue to reinvigorate their strategies in checkmating loopholes exploited by the taxpayers to perpetrate tax fraud through transfer pricing. Tax authorities must be trained appropriately from time to time on the various dimensions of the strategies used by unscrupulous taxpayers to evade and avoid tax; and how the impact of such strategies could be reduced to the barest minimum.