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Effects Of Structural Adjustment Programme On Accounting Principles
[A CASE STUDY OF CENTRAL BANK F.C.T ABUJA]
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1.2 STATEMENT OF THE PROBLEMS
This research work tends to give an
appraisal on the effect of the SAP on accounting principle. Exchange
rate devaluation was considered a setback in the progress of the SAP.
Therefore the under listed problem was discovered:
i. Over emphasis on the restoration of balance of payment
ii.
Undermine the economy and limit its role for socio-economic
intervention through a fixation on deregulation, privatisation and
instability of the economy in the name of “free marketâ€
iii.
Exacerbate the disparities between rich the poor by facilitating income
concentration by the wealthy and the exclusion of the poor from
decisions and control over resources.
iv. Lack of transparency, accountability and public participation in their design and implementation.
v. Make many necessities inaccessible to local people as currency devaluations drastically reduce buying power in local wages.
1.3 OBJECTIVES OF THE STUDY
This study aims to find out the objectives which include;
i. To find out how adopting a more just and equitable approach to resolving the debt crisis can restore the balance of payment
ii.
To find out how to increase the role of socio-economic intervention
through governmental control and stabilize the economy by eliminating
free market trade through inflationary measures like naira devaluation.
iii.
To determine what causes inequality in the distribution of income
between the classes of individuals and why the poor are excluded from
resources control and decisions.
iv. To find out why there is lack of transparency and accountability in SAP designs and implementations.
v.
To evaluate on the inaccessible necessities of the rural migrants
caused by currency devaluation which decreases the naira value?
1.4 RESEARCH QUESTION
This
research attempts to find answers to some nudging questions about the
Structural Adjustment Programme on Accounting Principles. This is with
the view at highlighting some silent reasons responsible for the
ineffective and failing performance of SAP.
Some of the questions to which we seek answers without any form of prevarication include:
i. Has the Structural Adjustment Programme in commercial sectors improved accounting performance?
ii.
How does the Structural Adjustment Programme in accounting department
of your company affect the profitability of financial report?
iii. Is there any significant relationship between Structural Adjustment Programme and Second tier Foreign Exchange Market?
iv.
What are the peculiar problems faced by commercial sectors in
implementing the schemes derived from its structural adjustment?
v. Does the Structural Adjustment Programme reduce the hardship of the common people.
vi. What are the causes of lack of transparency, accountability and public participation in SAP designs and implementations?
1.5 HYPOTHESES OF THE STUDY
Hypothesis
is a proposition specifying some form of relationship between
variables, it is merely and evidence for supporting or rejecting one‟s
preconceived ideas or view. Hypothesis are of two types (H1) which is
the alternative hypothesis and it the proposition the researcher which
to confirm from the data. It is always expressed in positive term. The
other type (Ho) which is the null hypothesis and it is the logical
converse of the alternate hypothesis. It is the negation of the
alternate hypothesis; the following hypotheses are formulated as guided
to this research studies.
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