A Big Data Analysis with Machine Learning techniques in Accounting dataset from the Greek banking system (Published)
The effects of the 2008 financial crisis undoubtedly caused problems not only to the banking sector but also to the real economy of the developed and the developing countries in almost all around the globe. Besides, as is widely known, every banking crisis entails the corresponding cost to the economy of each country affected by it, which results from the shakeout and the restructuring of its financial system. The purpose of this research is to investigate the consequences of the financial crisis and the COVID-19 health crisis and how these affected the course of the four systemic banks (Eurobank, Alpha Bank, National Bank, Piraeus Bank) through the analysis of ratios for the period of 2015-2020.
Citation: Georgios L. Thanasas , Leonidas Theodorakopoulos , Spyridon Lampropoulos (2022) A Big Data Analysis with Machine Learning techniques in Accounting dataset from the Greek banking system, European Journal of Accounting, Auditing and Finance Research, Vol.10, No. 8, pp.1-9,
Keywords: Big Data, COVID-19, Ratios, accounting data, financial crisis
Material Resources Management as Means to Satisfactory Profit and Environmental Sustainability: Looking Beyond Covid-19 Pandemic Era (Published)
Material resources management has become a very necessary survival strategy for businesses in the Covid-19 pandemic period but this may have effect on product quality, by reducing sales and profit while there may not be visible effect on achieving environmental sustainability. Consequently, this study explored how a good balance can be achieved in material resources management, profit and still achieve environmental sustainability. The population and sample of the study were respectively made up 358 and 189 managers in Anambra and Delta state drawn from both public and private sectors. Due to large sample size and Covid-19 social distancing demand, an online survey was used for the study. The e-questionnaire was designed in a five-point Likert scale structure with some open space for unstructured responses. The result of the Z-test statistical analyses revealed, effective utilization of raw materials, material recycling, material re-use, reduction in material quantity usage are keys to satisfactory profit beyond Covid-19 pandemic era and guarantee environmental sustainability. By policy implication, there is need to constitute environmental monitoring agencies by the state governments who would be charged with the responsibility of tracing re-usable wastes in disposal places back to the producers for necessary penalties in order to encourage more environmentally sustainable processes and there is a wake-up call here on National governments, more particularly the Nigerian Government to begin to build policies that would ensure future availability of raw-material inputs especially as the activities of herdsmen are currently ravaging and discouraging local agricultural businesses which form the major source of raw materials for most production businesses. If policy measures are not taken in earnest, it constitutes a very huge threat to the existence of most businesses in Nigeria and even to environmental sustainability. As such, it is recommended that every business creates an environmental sustainability committee to be charged with the responsibility of assessing every business process to ensure compliance with sustainability requirements and waste management, use recyclable material resources alternatives and consider alternative packaging that would retain quality without increase in product prices.
Citation: Rachael Okwudili Iliemena, Priscilla Uche Egolum, Happiness Chibuzor Goodluck, and, Clement Chuks Ozue (2022) Material Resources Management as Means to Satisfactory Profit and Environmental Sustainability: Looking Beyond Covid-19 Pandemic Era, European Journal of Accounting, Auditing and Finance Research, Vol.10, No. 1, pp.55-70
Keywords: COVID-19, Materials Management, Waste Management, corporate resources, sustainability and profit
Effects of COVID-19 pandemic on accounting and financial reporting in Nigeria (Published)
The predicament that befell the entire world as a result of the Covid 19 has been a matter of concern researchers. This paper hereby examines the effects of COVID-19 pandemic on accounting and financial reporting in Nigeria. The objectives of this paper are to ascertain the differences between the published financial reporting before and during COVID-19 era; determine how firms in Nigeria reported events after the reporting period during the COVID- 19 era as recommended by the Financial Reporting Council; ascertain the extent to which COVID-19 affects the going concern of firms in Nigeria; determine how COVID-19 affects the interim financial reporting affected; and to examines how firms in Nigeria reported changes in expected credit losses for financial assets as stated in the guideline recommended by Financial Reporting Council during COVID-19 era. The study employs cross-sectional approach where data were collected at a particular point in time from different companies. Secondary financial data was collected from multiple sample sources to ensure a fair representation, namely: The Manufacturing sector, financial sectors and conglomerates of the Nigerian economy. Independent t-test and Logit Binary Regression Model was employed to test the hypotheses of the study using SPSS version 25. This paper revealed that there is significant difference between the published financial reporting before and during COVID-19 era; COVID-19 has significant effect on the events after the reporting period, going concern of firms in Nigeria, interim financial reporting, and COVID-19 has significant effect on changes in expected credit losses for financial assets. Arisen from the findings of this study, this paper recommended that management of industries should embrace all the COVID-19 precautions, and government should salvage this devastating effect of COVID-19 by channelling more funds to the sectors affected by the pandemic.
Citation: Raimi Adekunle ANISERE-HAMEED (201) Effects of COVID-19 pandemic on accounting and financial reporting in Nigeria, European Journal of Accounting, Auditing and Finance Research, Vol.9, No. 6, pp.50-63
Keywords: Accounting, COVID-19, Financial Reporting, pandemic
The Financial Impact of COVID-19 on Poultry Industry in Nigeria (Published)
The covid-19 pandemic as declared by WHO in March 2020 is a game changer that introduced a “new normal” of every facet of life, every sector of the economy and every cluster of the population. The key indicators of business plan and continuity, government policies and security imopacting logistics have been affected and in all affecting the short-term survival rate of the poultry industry.The analysis revealed that all proxies of covid-19 indicators such as business plan and continuity, government policies and security impacting logistics have a significant positive effect on the financial health of the poultry industry (Adjusted R2= 0.949, F-statistics = 5.512 : p= 0.000<0.05). Thus, the research concluded that a well-managed Covid-19 indicators and proxies have a significant positive effect on the financial health of the poultry industry in Nigeria.
Keywords: COVID-19, Gross Domestic Product, cycle management., poultry industry