Abstract: THE IMPACT OF FUND ACCOUNTING FOR SOVEREIGN WEALTH FUNDS
This study aims to: (1) investigate the unique accounting challenges of sovereign wealth funds (SWFs), (2) evaluate the impact of SWF investments on national economies, and (3) assess the regulatory frameworks governing SWF accounting. A survey design was employed to collect data from 320 accountants and financial managers involved with SWFs in Abuja, with the sample size determined using Taro Yamane's formula. Abuja was chosen for its strategic importance as the capital city hosting several sovereign wealth fund activities. The survey instrument achieved a reliability coefficient score of 0.88. Findings indicate that SWFs face complex accounting issues due to their diverse investment portfolios and long-term investment horizons. The study recommends the development of specialized accounting guidelines for SWFs and enhanced regulatory oversight to ensure transparency and accountability in their financial reporting.
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