Department of Accounting

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Accounting

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The Department of Accounting within LCU offers academic programs, courses, and research opportunities focused on accounting. It's typically part of a larger business school or college of business. Students can pursue undergraduate and graduate degrees in accounting, studying areas like financial accounting, managerial accounting, auditing, and taxation. Faculty members conduct research in various accounting-related fields. The department also provides resources for career preparation, such as career counseling, internships, and networking opportunities.

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Browsing Department of Accounting by Author "Abdul Dimeji, ISHOLA"

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    Internal Control System and Performance of Listed Money Deposit Bank in Nigeria
    (Lead City University, 2023-12) Abdul Dimeji, ISHOLA
    The aim of the study is to investigate into the Internal Control System and Performance of Listed Money Deposit Banks in Nigeria, with a particular emphasis on the impact of COSO components of internal control on the performance metrics of bank efficiency, operational performance, and asset safety in Nigerian listed money deposit banks (MDBs). The study was guided by both control theory and agency theory, particularly anchored on agency theory. The study employed a descriptive survey research approach, with a population of 1,502 staff members from all head offices of the eight selected DMBs with international authorization. The sample size for this study was 316, determined using the Taro Yamane sampling size technique. The study focused on all staff members at the head offices of the eight selected DMBs with international authorization. Purposive sampling was utilized to target at least one branch of each of the eight DMBs in, Nigeria that have international permission. Simple percentages, correlation analysis, and regression analysis were used to examine the data gathered. Positive relationships are found between internal control system components and bank efficiency, operational performance, and asset safety (p 0.05). Risk assessment enhances bank efficiency and operational performance, but has little influence on asset safety. The internal control system has a substantial effect on bank efficiency (F(5, 305) = 36.880, p.001), operational performance (F(5, 305) = 29.361, p.001), and asset safety (F(5, 305) = 38.998, p.001). Finally, the internal control system has a significant impact on the performance of Nigerian deposit money banks (DMBs), with the Control Environment, Monitoring Activities, Risk Assessment, Control Activities, and Information and Communication variables all playing important roles in improving bank efficiency. It is advised that DMBs undertake frequent training and development programs, incorporate best and trending evaluation approaches, and create partnership with regulatory agencies to further improve their performance efficiency. Keywords: Internal Control System, Internal Control Components, Performance, Bank Efficiency, Operational Performance, Asset Safety Word Count: 300