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Understanding And Explaining The Underpinnings of Creative Accounting in Nigeria: The Cadbury Evidence

Okoye, Emma and Ukenna, Stephen and Ugwuanyi, Uche (2009) Understanding And Explaining The Underpinnings of Creative Accounting in Nigeria: The Cadbury Evidence. A quarterly Journal of Association of National Accountants of Nigeria, 17 (1). pp. 25-32. ISSN 0189 - 0662

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Abstract

The rapid decline in public and investors’ confidence in the management of public quoted companies as a result of reported widespread incidence of ‘widow dressing’, ‘aggressive accounting’or ‘creative accounting’has triggered the need to explore the rationale for such practice. Using Cadbury Nig Plc as a case in point, it is posited in this paper that favorable stock prices tend to give the impression of stability and sustained improvement which in turn, propel to embark on creative accounting in the bid to attract and retain the confidence of shareholders. Arguably, these reasons are offset or nullified by the dangers creative accounting can pose to companies and indeed, the economy. The findings and recommendations of this paper have implications for investors, directors, and policy-makers in Nigeria

Item Type: Article
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 22 Feb 2018 08:23
Last Modified: 22 Feb 2018 08:23
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/10228

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