Abstract: THE IMPACT OF ACCOUNTING FOR INVESTMENT PORTFOLIOS AND SECURITIES
This study aims to: (1) evaluate the unique accounting requirements for investment portfolios and securities; (2) assess the impact of accurate accounting on portfolio performance and investor confidence; and (3) identify the challenges and best practices in managing investment portfolios. A survey research design was employed to collect data from a diverse group of professionals. Using Taro Yamane's formula, a sample size of 300 fund accountants and portfolio managers from Lagos, Nigeria, was determined to be statistically sufficient. The study includes a case study of a major investment firm in Lagos to provide real-world insights. A reliability coefficient score of 0.87 indicates high reliability of the survey instrument. Findings suggest that precise accounting practices are crucial for the accurate valuation of securities, compliance with regulatory requirements, and enhancing portfolio performance. The study identifies challenges such as the complexity of valuing diverse securities and the need for specialized knowledge in accounting for investment portfolios. Recommendations include adopting advanced accounting systems for portfolio management, enhancing training programs for fund accountants, and implementing best practices for securities valuation and financial reporting.
Background of the Study
Mathematics throughout the world is regarded as essential tool in many fields,...
EXCERPT FROM THE STUDY
Issue of corruption in Nigeria has been a major concern to all and sundry in the society. The upsurge of this soci...
Abstract
Despite years of theoretical and empirical research, dividend policy remains a source of controversy especially...
ABSTRACT
Flood is not only a local environmental problem but also a challenge that is faced globally. It is a phenomenon...
ABSTRACT: A study on Language Barriers in Vocational Training Programs investigates strategies to overcome linguistic challenges faced by non-nativ...
ABSTRACT
The study examine cost accounting information and product costing in selected paint manufacturing companies Port Harcourt, This...
ABSTRACT
An increase or decrease in crude oil price can both be pain and gain to the Nigerian’s economy simultane...
ABSTRACT
This study was carried out in order to assess the management of human resource towards the achievement of public and private sec...
ABSTRACT
This study, “Evaluation of Management Practices of Colleges of Education in North Central GeoPolitical Zone, Nigeria&rdquo...
BACKGROUND TO THE STUDY
Nigeria, which can be found in West Africa, spans a total of 983,213 square kil...