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
The Role of Community Journalism in Promoting Development in Zaria LGA, Kaduna State
Background of the Study
Community journalism, a subset of media practice, focuses on grassroots-level reporting to addre...
DESIGN AND IMPLEMENTATION OF A COMPUTERIZED MAILING SYSTEM (A CASE STUDY OF NIGERIAN POSTAL SERVICE (NIPOST) UYO)
ABSTRACT
to the addressed recipient pose serious challenges, such as impossibility of reaching the addressed...
design and implementation of a web base office management system
STATEMENT OF THE PROBL...
The Effect of Dietary Counseling on Managing Hypertension Among Elderly Populations in Zamfara State
Background of the Study
Hypertension, or high blood pressure, is one of the leading risk factors for cardiovascular diseases, stroke, and...
Assessing the Impact of Development Communication on Teacher Recruitment and Retention in Gombe Local Government Area, Gombe State
Background of the Study
The recruitment and retention of qualified teachers in rural areas, such as Gombe Local Governme...
EFFECT OF PROBLEM-SOLVING AND GUIDED-DISCOVERY TEACHING METHODS ON STUDENTS’ ACADEMIC PERFORMANCE IN FINANCIAL ACCOUNTING IN SECONDARY SCHOOLS IN KWARA STATE, NIGERIA
ABSTRACT
The study was carried out to assess the effect of problem-solving and guided-discovery teaching methods on students‟ academic pe...
EVALUATION OF THE BINDING AND SUSPENDING PROPERTIES OF BAGGASE-DERIVED METHYLCELLULOSE
ABSTRACT
Sourcing of raw materials for use in pharmaceutical industries is a continuing challenge. Excipients, which form the bulk of a d...
influence of information and communication technologies(icts) on news gathering (a study of practicing journalists in owerri municipal council)
Abstract
This study “Influence of ICTs on news writing, a study of practicing journalists in Owerri municipal council” has po...
An Appraisal of Nurses' Preparedness for Handling Mass Casualty Incidents at Federal Medical Centre, Owerri
Background of the Study
Mass casualty incidents (MCIs) are large-scale events that overwhelm healthcare systems and requ...
THE EFFECT OF PARENTAL INFLUENCE OF THE CHOICE OF CAREER AMONG SECONDARY SCHOOL
-
-
Background of the study
-
Career play a very fundamental and...
