Voodoo Accounting and Shareholders’ Wealth in Nigeria

Voodoo Accounting and Shareholders’ Wealth in Nigeria

Igbaroola Ayoola Folarin

Contact

Voodoo Accounting and Shareholders’ Wealth in Nigeria

Article Fingerprint

ReserarchID

E31F9

Voodoo Accounting and Shareholders’ Wealth in Nigeria Banner

AI TAKEAWAY

Connecting with the Eternal Ground

Abstract

Declining shareholders’ Wealth (SHW) has been a contemporary discussion globally. Studies have shown that voodoo accounting practices by management and poor audit quality have contributed to the collapse of firms and the expectation gap in shareholders’ wealth maximization. Voodoo accounting practice is the magical inflation of revenues by management to deceive the stakeholders. A dearth of voodoo accounting literature that combined the practices of big bath charges, cookie jar reserves, inventory valuations and revenue recognition timing on shareholders’ wealth in Nigeria. This study therefore examines the effect of voodoo accounting on shareholders’ wealth in Nigeria. The study adopted the exploratory research design were journal, articles and books about the study for the purpose of the study. It was discovered that voodoo accounting is very dangerous to the health status of organizations if not curbed because it affects the shareholders’ wealth negatively.

References

18 Cites in Article

Reference Format

A Adaramola,A Oyerinde (2014). Value relevance of financial accounting information of quoted companies in Nigeria. A trend analysis.
W Albrecht,C Albrecht,C Albrecht,M Zimbelman (2011). Albrecht, Albrecht.
S Ali-Shah,S Butt,Y Tariq (2011). Use or abuse of creative accounting techniques.
Oriol Amat,John Blake,Ester Oliveras (1996). The Ethics of Creative Accounting: Some Spanish Evidence.
O Amat,J Blake,D Martinez,F Gracia (1995). The continuing problem of International accounting diversity.
(2014). Fraud and Corruption cases.
Musa Abubakar,Nasiru Abdulsallam,Muhammad Alkali (2016). The Impact of the New Accounting Reporting Among Listed Firms in Nigerian Stock Market.
Bernardino Benito,Vicente Montesinos,Francisco Bastida (2008). An example of creative accounting in public sector: The private financing of infrastructures in Spain.
Joseph Brazel,Keith Jones,Mark Zimbelman (2009). Using Nonfinancial Measures to Assess Fraud Risk.
Rodney Crawford,Thomas Weirich (2011). Fraud guidance for corporate counsel reviewing financial statements and reports.
N Ezeani,M Ogbonna,C Ezemoyih,E Okonye (2012). The effect of creative accounting on the job performance of accountants in reporting financial statements in Nigeria.
Jill Fox (1997). Swinging: What young children begin to learn about physics during outdoor play.
I Griffiths (1986). New creative accounting: how to make your profits what you want to be.
T Johannes (2014). Earnings management and performance of Banks.
W Kenton (2018). Table S1: The raw data sequence IDs retrieved from Phytozome databases (https://phytozome-next.jgi.doe.gov/).
J Mac Carthy (2017). Using Altman Z-score and Beneish M-score to detect financial fraud and corporate failure: A case study of Enron Corporation.
Katherine Schipper,Linda Vincent (1989). Earnings Quality.
Maria Tsipouridou,Charalambos Spathis (2012). Earnings management and the role of auditors in an unusual IFRS context: The case of Greece.

Download References

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Igbaroola Ayoola Folarin. 2020. \u201cVoodoo Accounting and Shareholders’ Wealth in Nigeria\u201d. Global Journal of Management and Business Research - D: Accounting & Auditing GJMBR-D Volume 20 (GJMBR Volume 20 Issue D1).

More Citation Formats

Select Citation Style:

Download Citation

GJMBR Volume 20 Issue D1

Explore Journals Explore Volume Read This Issue

Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

Not Found

Classification

GJMBR-D Classification JEL Code: M49

Submission ReceivedDecember 7, 2019
Peer Review Double Blind
Handling Editor
Accepted January 5, 2020
Published January 15, 2020

Version of record

v1.2

Issue date

June 10, 2020

Language

Experiance in AR

Explore published articles in an immersive Augmented Reality environment. Our platform converts research papers into interactive 3D books, allowing readers to view and interact with content using AR and VR compatible devices.

View in VR

Read in 3D

Your published article is automatically converted into a realistic 3D book. Flip through pages and read research papers in a more engaging and interactive format.

View in 3D

Article Matrices

Total Views: 2644

Total Downloads: 1195

2026 Trends

Our website is actively being updated, and changes may occur frequently. Please clear your browser cache if needed. For feedback or error reporting, please email [email protected]