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?
INTRODUCTION
Before the “Structural Adjustment Programme (SAP)” can be clearly defined, one must have a better understanding of the situation into which it was introduced. At the conclusion of a Debate/Symposium on “Devaluation” held in 1982 at the Institute of International Affairs, the consensus emerged that the economic problem of Nigeria was structural.
The intention of SAP is to adjust the structure of the Nigerian economy, but what is the structure of the economy and why does it need adjustment?
The relevant dictionary meaning of the word “structure” is “the arrangement or interrelation of all part of a whole”.
At the summary of overall economic level which the economist call “The macro level”, the structure f the economy is its composition as seen through the shares or proportion of the various component parts or economic aggregated, in the total sum of goods and services produced in a period usually a year.
Therefore, the structure of the economy is shown by the shares of the various economic sectors in the Gross Domestic Product (GDP).
Just like any other theory, accountants have discovered that they need to make certain assumption before they can prepare financial statements. These assumptions, which underline the preparation of financial statements, are also known as principles, postulates, conventions, concepts, and standards etc. The originate from such concepts as entity, going-concern, periodicity realisation, matching, consistency and historical cost concept.
They have been described as the basic points of agreement upon which the preparation of financial statement are based. They act as filters in the process of preparing financial statement and therefore assist immensely in selecting data to be processed and also indicating the processing method and thereby affecting the final result.
Accounting Principles are usually rules and conventions, which have been adopted as a general guide to action by the accountancy profession. These principles are formulated in such a way that the practical details of accounting may differ greatly from one company to another. To ensure acceptance, an accounting principle must be useful in coping with a practical recording problem, it must be reasonably objective, that is, provide a similar answer in the hands of qualified practitioners, and it must be feasible, that is, it should not be expensive to apply.
Disclaimer: Note this academic material is intended as a guide for your academic research work. Do not copy word for word. Note: For Computer or Programming related works, some works might not contain source codes
CITE THIS WORK
(2014, 07). The Effect Of Structural Adjustment Programme On Accounting Principles (a Case Study Of Central Bank Fct Abuja).. ProjectStoc.com. Retrieved 07, 2014, from https://projectstoc.com/read/2269/the-effect-of-structural-adjustment-programme-on-accounting-principles-a-case-study-of-central-bank-fct-abuja-7539
"The Effect Of Structural Adjustment Programme On Accounting Principles (a Case Study Of Central Bank Fct Abuja)." ProjectStoc.com. 07 2014. 2014. 07 2014 <https://projectstoc.com/read/2269/the-effect-of-structural-adjustment-programme-on-accounting-principles-a-case-study-of-central-bank-fct-abuja-7539>.
"The Effect Of Structural Adjustment Programme On Accounting Principles (a Case Study Of Central Bank Fct Abuja).." ProjectStoc.com. ProjectStoc.com, 07 2014. Web. 07 2014. <https://projectstoc.com/read/2269/the-effect-of-structural-adjustment-programme-on-accounting-principles-a-case-study-of-central-bank-fct-abuja-7539>.
"The Effect Of Structural Adjustment Programme On Accounting Principles (a Case Study Of Central Bank Fct Abuja).." ProjectStoc.com. 07, 2014. Accessed 07, 2014. https://projectstoc.com/read/2269/the-effect-of-structural-adjustment-programme-on-accounting-principles-a-case-study-of-central-bank-fct-abuja-7539.
- Related Works
- An Appraisal Of The Internal Control System In Commercial Banks In Nigeria
- A Study Of Tax Collection And Revenue Mobilization (a Case Study Of Enugu South Local Government Council)
- The Concept Of Cost Consciousness In The Management Of Public Funds. (a Case Study Of The Activities Of Enugu State Ministry Of Finance And Economic Planning
- An Investigation Into Records Management In Selected Business Organization In Owerri Metropolis. (a Case Study Of Consolidated Breweries Plc.)
- Management Audit As A Tool Of Achieving Organisational Objectives (a Case Study Of Eastern Nigeria Plastics)
- A Study Of Tax Collection And Revenue Mobilization (a Case Study Of Enugu North Local Government Council)
- A Critical Review Of Accounting System In Nigeria Insurance Industry A Case Study Of Industrial And General Insurance Company Ltd
- Investment Appraisal In A Depressed Economy (a Case Study Of Cadbury Nigeria Plc)
- Internal Audit Control In Government Establishment (a Case Study Of Project Development Institute (proda), Enugu).
- Impact Of Social Responsibilities In Nigeria (a Case Study Of United Bank For Africa. Uba)