Browsing by Author "Olumoh, Yusuf Alabi"

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    ACCOUNTING INFORMATION SYSTEMS, INTERNAL CONTROL MECHANISMS AND PERFORMANCE OF GOVERNMENT AGENCIES IN KWARA STATE, NIGERIA
    (POLAC MANAGEMENT REVIEW (PMR) DEPARTMENT OF MANAGEMENT SCIENCE NIGERIA POLICE ACADEMY, WUDIL-KANO, 2024-09) Olumoh, Yusuf Alabi
    Abstract Over the years, government agencies in Nigeria have struggled with implementing Accounting Information Systems (AIS) and Internal Control Mechanisms (INTCON) due to technological limitations, inadequate staff training, resistance to change, and insufficient funding. These challenges hinder accurate reporting, accountability, and efficiency, crucial for optimal performance and service delivery. Given this, the study investigates how AIS and INTCON can enhance the overall performance of these agencies. A cross-sectional survey research design and quantitative paradigm were adopted, targeting stakeholders from 20 ministries. A purposive sample of 250 staff from various ministries in Kwara State, Nigeria, was surveyed using a structured questionnaire. The study used Partial Least Squares Structural Equation Modeling for data analysis. Findings revealed significant positive relationships between AIS and INTCON with performance, supported by coefficients of 0.329 and 0.402, and p-values of 0.000 at a 5% significance level. The study concludes that the strategic use of AIS and INTCON can enhance organizational performance. It recommends that government agencies in Nigeria prioritize investments in AIS and INTCON to improve performance. By enhancing the quality and effectiveness of their accounting information systems, organizations can ensure more accurate financial reporting and better decision-making processes. Similarly, strengthening internal control mechanisms can help organizations mitigate risks, prevent fraud, and improve operational efficiency.
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    ACCOUNTING INFORMATION SYSTEMS, INTERNAL CONTROL MECHANISMS AND PERFORMANCE OF GOVERNMENT AGENCIES IN KWARA STATE, NIGERIA
    (POLAC MANAGEMENT REVIEW (PMR) DEPARTMENT OF MANAGEMENT SCIENCE NIGERIA POLICE ACADEMY, WUDIL-KANO, 2024-09) Olumoh, Yusuf Alabi
    Abstract Over the years, government agencies in Nigeria have struggled with implementing Accounting Information Systems (AIS) and Internal Control Mechanisms (INTCON) due to technological limitations, inadequate staff training, resistance to change, and insufficient funding. These challenges hinder accurate reporting, accountability, and efficiency, crucial for optimal performance and service delivery. Given this, the study investigates how AIS and INTCON can enhance the overall performance of these agencies. A cross-sectional survey research design and quantitative paradigm were adopted, targeting stakeholders from 20 ministries. A purposive sample of 250 staff from various ministries in Kwara State, Nigeria, was surveyed using a structured questionnaire. The study used Partial Least Squares Structural Equation Modeling for data analysis. Findings revealed significant positive relationships between AIS and INTCON with performance, supported by coefficients of 0.329 and 0.402, and p-values of 0.000 at a 5% significance level. The study concludes that the strategic use of AIS and INTCON can enhance organizational performance. It recommends that government agencies in Nigeria prioritize investments in AIS and INTCON to improve performance. By enhancing the quality and effectiveness of their accounting information systems, organizations can ensure more accurate financial reporting and better decision-making processes. Similarly, strengthening internal control mechanisms can help organizations mitigate risks, prevent fraud, and improve operational efficiency.
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    DIGITAL TRANSFORMATION IN TAXATION AND TAX EVASION IN NIGERIA: INSIGHTS FROM KWARA STATE.
    (INTERNATIONAL JOURNAL OF MANAGEMENT AND DEVELOPMENT STUDIES (IJMDS), DEPARTMENT OF BUSINESS ADMINISTRATION, FACULTY OF MANAGEMENT SCIENCES, EKITI STATE UNIVERSITY, ADO EKITI, NIGERIA, 2025-03) Olumoh, Yusuf Alabi
    This study examined the impact of digital transformation on tax evasion in Kwara State, Nigeria, focusing on electronic identification and clearance certificates. The study employed a cross-sectional survey design, gathering primary data from a sample of 499 stakeholders. This sample included 138 senior management staff and 361 active taxpayers, with structured questionnaires administered to the target respondents. The PLS-SEM was utilized for the analysis of data. Results showed that both the electronic tax identification and electronic tax clearance certification positively and significantly impact tax evasion in Kwarathes State. The study concluded that digital transformation effectively and efficiently improves tax revenue performance and reduces tax evasion in Nigeria. The study recommended that the government should continue to invest and focus on technological integration and taxpayer education to strengthen tax systems in Kwara State.
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    Effect of tax innovation and capacity building on financial sustainability of the Nigeria Revenue Service
    (FUDMA Journal of Accounting and Finance Research (FUJAFR), 2026-03-31) Olumoh, Yusuf Alabi; Sanni, Mubaraq; Mustapha, Abdulrasaq; Ademokoya, Alade Ayodeji; Abdulrauf, Lukman Adebayo-Oke
    Purpose: The revenue authorities in both developed and developing nations, including Nigeria, continue to grapple with challenges such as widespread tax evasion, low voluntary compliance, and weak technological frameworks. These issues underscore the pressing need for integrated strategies that combine tax innovation with institutional capacity building to foster financial sustainability. This study investigated the effect of tax innovation and capacity building on the financial sustainability of the Nigeria Revenue Service (NRS). Methodology: The study adopted a descriptive survey design and stratified sampling. The data were collected from a sample of 294 employees, drawn from a total population of 1,112 NRS staff across the six North Central states in Nigeria. The analysis employed Partial Least Squares Structural Equation Modeling (PLS-SEM). Results and conclusion: Results showed that tax innovation has a strong and statistically significant positive effect on financial sustainability (β = 0.525, p = 0.000), while capacity building has an insignificant effect on financial sustainability (β = 0.175, p = 0.140). However, capacity building significantly moderated the relationship between tax innovation and financial sustainability (β = 0.138, p = 0.048). The study concluded that tax innovation substantially enhanced financial sustainability. Implication of findings: Findings indicated that innovation in tax processes reduces inefficiencies, enhances compliance, and strengthens revenue collection, all of which contribute to a more financially sustainable tax system. However, suggesting that capacity-building efforts alone may not independently translate into sustainable financial outcomes within NRS, and both strategies should be integrated for optimal results.
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    STRATEGIC MANAGEMENT ACCOUNTING, DIGITALIZATION OF ACCOUNTING PRACTICES AND PERFORMANCE AMONG CONSUMER GOODS FIRMS IN LAGOS STATE
    (MALETE JOURNAL OF ACCOUNTING AND FINANCE, Department of Accounting and Finance, Faculty of Management and Social Sciences, Kwara State University, Malete, 2023-12) Olumoh, Yusuf Alabi
    Modern management accounting practices have posed challenges for global manufacturing companies, particularly in the transition from traditional to strategic methods. This transition has been notably deficient among numerous consumer goods firms in Nigeria, where the absence of effective strategic costing practices has led to significant issues such as cost inefficiency, competitive disadvantage, and ineffective decision-making. Recognizing the significance of technological advancement for growth and competitiveness, this study investigated the impact of strategic management accounting and digitalization of accounting practices on the performance of consumer goods companies in Lagos. The research methodology employed a survey research design, sampling 161 management employees from 45 consumer goods companies in Lagos as of January 2023. The research utilized partial least square structural equation modelling to analyse primary data. Results highlighted significant impacts on Consumer goods performance from strategic costing practices and the digitalization of accounting methods. Both strategic costing practices and digitalization displayed positive and noteworthy effects on performance, reflected by t-values of 0.213 and 0.218, along with respective p-values of 0.037 and 0.023. However, strategic customer accounting practices exhibited an insignificant impact on performance, evident through a t-value of 1.345 and a p-value of 0.179 at a 5% significance level. The study concludes that strategic costing and digitalizing accounting methods highly influence and benefit and consumer goods firms’ performance, unlike strategic customer accounting. The study recommends that the implementation and integration of effective strategic costing methodologies and digitalization initiatives to further propel the growth and competitiveness of these companies in Lagos State
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    STRATEGIC MANAGEMENT CONTROLS AND OPERATIONAL PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN SOUTH-WEST NIGERIA
    (MALETE JOURNAL OF ACCOUNTING AND FINANCE, Department of Accounting and Finance, Faculty of Management and Social Sciences, Kwara State University, Malete, 2024-06) Olumoh, Yusuf Alabi
    Small and Medium Enterprises (SMEs) in South-West Nigeria often face performance challenges due to inadequate strategic formulation, ineffective implementation, and insufficient evaluation, leading to resource underutilization and growth obstacles. This study investigated the impact of strategic management controls on SMEs' operational performance in the region. This study adopted a quantitative survey research design and collected primary data from 399 SMEs in South-West, Nigeria, selected through stratified random sampling. Partial Least Squares Structural Equation Modeling was used for data analysis. The findings revealed a significant positive relationship between strategic planning and operational performance (β = 0.233, p = 0.010), indicating the importance of strategic planning in enhancing performance. Additionally, strategic planning had a substantial impact on operational performance (β = 0.373, p = 0.000), demonstrating its effectiveness in driving improvements. Strategic evaluation also had a positive and significant influence on operational performance (β = 0.243, p = 0.000), highlighting its role in performance enhancement. The study concluded that strategic management controls are strong predictors of SMEs' operational performance. The study recommended that SMEs focus on improving their strategic planning processes and invest in robust evaluation processes to assess the effectiveness of implemented strategies and make informed decisions for future endeavors.
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    SUSTAINABILITY, HUMAN CAPITAL ACCOUNTING DIMENSIONS, AND CORPORATE FINANCIAL PERFORMANCE IN NIGERIA
    (Faculty of Management and Social Sciences, 2025) Olumoh, Yusuf Alabi; Uthman, Fatimah Zahra; Abdulsalam, Saka Tunde
    There is often skepticism among investors and stakeholders regarding the authenticity of sustainability disclosures which may undermines the credibility of sustainability accounting and erode stakeholder trust in companies’ sustainability reports. Meanwhile, many organizations are resistant to adopting human capital accounting due to a traditional focus on financial metrics over non-financial ones, and this mindset creates a barrier to implementing effective human capital reporting, even when it is beneficial in the long run. Given this, this study examines the impact of sustainability and human capital accounting on the corporate financial performance of publicly listed companies in Nigeria. The study adopted an ex-post facto research design and the study analyzed panel data from manufacturing firms listed on the Nigerian Exchange Group, focusing on a sample of 38 firms over the period from 2015 to 2023 using judgmental sampling technique. Data were collected from the audited financial reports of the selected firms. Findings from fixed effects and random effects panel regression models indicate that both sustainability and human capital accounting significantly enhance corporate financial performance. Specifically, the Sustainability accounting positively influences return on assets (ROA) with coefficient of 0.015 (p < 0.01) for fixed effects and 0.013 (p < 0.01) for random effects, as well as return on equity (ROE) with coefficient of 0.019 (p < 0.01) and 0.018 (p < 0.01). Additionally, human capital accounting shows a positive relationship with ROA (0.028, p < 0.01) and ROE (0.034, p < 0.01. The study concluded that integrating these practices into corporate strategies is essential for enhancing profitability and long-term value creation.
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    THE EFFECT OF GOVERNMENT POLICIES ON PROPERTY TAX COMPLIANCE AMONG NIGERIAN LANDOWNERS
    (Faculty of Management and Social Sciences, 2024) Abdullahi, Abdulrasheed Taiwo; Shuaib, Abdul-hakeem; Salauden Ibrahim; Mustpaha, Muhammed Basiru; Olumoh, Yusuf Alabi; Anifowoshe, Bukky Biliqees
    This study examines the effect of government policies on property tax compliance among Nigerian landowners, with a focus on how regulatory, fiscal, and administrative policies influence taxpayer behavior. The research explores the role of technological innovations, such as data management and communication tools, in enhancing tax administration and compliance rates. Using a mixed-methods approach, primary data were collected through structured questionnaires administered to landowners, while secondary data from government tax reports were analyzed. The study employs descriptive and inferential statistics to assess the relationship between government policies, technological innovations, and property tax compliance. Findings reveal that while regulatory and fiscal policies establish a legal framework for property taxation, inconsistent implementation and perceived unfairness hinder compliance. Administrative policies, particularly in assessment and collection procedures, significantly impact compliance rates. Technological innovations, such as GIS applications and automated tax management systems, improve efficiency and transparency, enhancing taxpayer trust and voluntary compliance. However, challenges like inadequate taxpayer education and poor public perception of the tax system remain. The study concludes that effective government policies, complemented by technological innovations, are essential for achieving higher compliance rates and improved revenue generation. This research provides valuable insights for policymakers aiming to refine tax administration strategies and foster greater taxpayer engagement. It recommends enhanced public awareness programs and consistent policy implementation to address gaps in compliance. Future research could explored the long-term effects of policy changes and technology adoption on property tax revenues