ACCOUNTING FOR BUSINESS INTERESTS AND PARTNERSHIPS IN FIDUCIARY ACCOUNTING
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 5000
ACCOUNTING FOR BUSINESS INTERESTS AND PARTNERSHIPS IN FIDUCIARY ACCOUNTING
The objectives of this study are to (1) evaluate the methods fiduciary accountants use in accounting for business interests and partnerships, (2) assess the transparency and accuracy of these methods, and (3) identify challenges and propose improvements. A survey design was chosen for its ability to gather comprehensive data from practitioners. Using Taro Yamane's formula, a sample size of 110 fiduciary accountants was determined from a population of 180 in Port Harcourt, ensuring a representative sample. A well-known fiduciary accounting firm in Port Harcourt served as the case study for specific insights. The reliability coefficient score of the survey instrument was 0.87, indicating high reliability. Findings revealed that fiduciary accountants use various methods to account for business interests and partnerships, but they encounter challenges related to valuation accuracy and stakeholder communication. The study recommends the adoption of standardized accounting practices and enhanced training to improve the transparency and accuracy of fiduciary accounting for business interests and partnerships.
