The role of managerial accounting in ensuring transparency in Nigerian public companies: A case study of Seplat Energy Plc
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the Study
Transparency in financial reporting and management is a cornerstone of good corporate governance, particularly for publicly listed companies. Seplat Energy Plc, a leading energy company in Nigeria, faces increasing scrutiny from stakeholders, including regulators, investors, and the public, regarding the accuracy and transparency of its financial practices (Okafor & Nwachukwu, 2024). Managerial accounting, which focuses on providing internal financial data for decision-making, plays a pivotal role in ensuring that financial reports are accurate, reliable, and in compliance with regulatory standards. By providing timely and relevant information, managerial accounting helps companies like Seplat Energy uphold transparency in their financial practices.
Managerial accounting practices such as cost allocation, budgeting, variance analysis, and performance measurement help companies manage resources effectively while ensuring that financial decisions are based on clear, accurate data (Akinmoladun & Akinyemi, 2025). For Seplat Energy, the role of managerial accounting extends beyond financial performance monitoring to include compliance with local and international financial reporting standards, contributing to transparency in how financial data is presented to stakeholders. This study explores the role of managerial accounting in promoting transparency within Seplat Energy, particularly in light of the company's operations in the highly regulated energy sector.
Statement of the Problem
While managerial accounting is crucial in ensuring the transparency of financial practices, its role in promoting transparency in Nigerian public companies, particularly in the energy sector, remains underexplored. Seplat Energy has faced public scrutiny regarding the transparency of its financial reporting and corporate governance practices. Given the critical nature of transparency for public companies, it is important to understand how managerial accounting practices can support transparent financial decision-making and reporting. This research aims to evaluate the impact of managerial accounting on transparency in Seplat Energy and its role in promoting accountability and trust among stakeholders.
Objectives of the Study
- To examine the role of managerial accounting in promoting transparency in financial reporting at Seplat Energy Plc.
- To assess the impact of managerial accounting practices on ensuring compliance with financial reporting standards at Seplat Energy Plc.
- To identify the challenges Seplat Energy faces in using managerial accounting to enhance transparency in its financial practices.
Research Questions
- How does managerial accounting contribute to transparency in financial reporting at Seplat Energy Plc?
- What impact do managerial accounting practices have on ensuring compliance with financial reporting standards at Seplat Energy Plc?
- What challenges does Seplat Energy face in using managerial accounting practices to enhance transparency in its financial practices?
Research Hypotheses
- H₀: Managerial accounting does not significantly contribute to transparency in financial reporting at Seplat Energy Plc.
- H₀: Managerial accounting practices do not significantly ensure compliance with financial reporting standards at Seplat Energy Plc.
- H₀: Seplat Energy Plc does not face significant challenges in using managerial accounting practices to enhance transparency in its financial practices.
Scope and Limitations of the Study
The study will focus on Seplat Energy Plc and assess the role of managerial accounting practices in enhancing transparency within the organization. Data will be collected through interviews with key personnel in the finance and accounting departments, as well as analysis of publicly available financial reports. Limitations include the reliance on secondary data and the potential biases in interviews with internal stakeholders.
Definitions of Terms
- Managerial Accounting: The process of preparing and analyzing financial data for internal use in decision-making, performance evaluation, and resource allocation.
- Transparency: The clarity and openness with which a company reports its financial performance, making it easily accessible and understandable to stakeholders.
- Financial Reporting Standards: The guidelines and principles that govern how financial transactions should be recorded and reported by companies.
Related Project Materials
An Assessment of Cash Flow Management in Fish Farming Enterprises in Minna LGA
Background of the Study
Fish farming is an important part of the agricultural sector in Minna LGA, contributing significantly to local fo...
An evaluation of the role of clinical nurses in post-operative care in selected hospitals in Kogi State.
Background of the Study
Post-operative care is a critical component of the surgical process, encompassing the management of patients foll...
An Investigation of Digital Transformation and Business Growth in Small Enterprises: A Case Study of Online Vendors in Yobe State
Background of the Study
Digital transformation has revolutionized the business landscape globally, enabling enterprises...
IMPACT OF POPULATION GROWTH ON UNEMPLOYMENT IN NIGERIA
ABSTRACT
This research’s main objective is to study the dynamic relationship between population growth and unemployment in Nigeria....
An Evaluation of Postnatal Care Services and Infant Well-Being in Kebbi State
Background of the Study
Postnatal care (PNC) is a critical aspect of maternal and child health, provi...
DESIGN AND CONSTRUCTION OF 2.5KG WEIGHT BENCH VICE
ABSTRACT
Prototyping or model making is one of the important steps to finalize a product design. Traditional Rapid P...
WOMEN PARTICIPATION IN THE GENERAL ELECTION: A CASE STUDY OF JEMA’A LOCAL GOVERNMENT AREA OF KADUNA STATE
ABSTRACT
This study was carried out on the analysis of women participation in the 2023 general election...
THE EFFECT OF HUNGER ON LEARNING CAPABILITY OF PRIMARY SCHOOL PUPILS IN EDO STATE
ABSTRACT
The main objective of this study it to examine the effect of hunger on learning cap...
An Appraisal of Government Intervention in Post-Insurgency Reconstruction in Bama Local Government, Borno State
Chapter One: Introduction
1.1 Background of the Study
Bama Local Government in Borno State, located in northeastern Nigeria, ha...
An Evaluation of Constitutional Law on Access to Clean Water: A Study of Gombe Local Government Area, Gombe State
Background of the Study
Access to clean water is a fundamental human right, critical for the health, ec...
