Creative accounting and financial scandals in Nigeria: structures and actors analysis Online publication date: Sat, 07-Feb-2015
by Olatunde Julius Otusanya; Olayinka Marte Uadiale
International Journal of Economics and Accounting (IJEA), Vol. 5, No. 3, 2014
Abstract: The critical factor in a number of corporate collapses was the use of creative and manipulative accounting practices to distort reported profitability and indebtedness. As accounting forms a central element of any business success or failure, its role is crucial in understanding such scandals which have cost investors millions of dollars and in other cases, inflicting misery on millions of people. The purpose of this paper is to contribute to the debate about the consequences of creative accounting and its role in causing corporate collapse in Nigeria. Within a socio-political framework, this paper adopts the theories of critical realism to explore the relationship between social agency and the institutional structures that shape social actors. The paper uses publicly available data to show the role of creative accounting and significance of financial scandals in Nigeria. The evidence implicates accounting professionals and corporate managers in creative accounting. The paper also offers some suggestions for reform.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Economics and Accounting (IJEA):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook