ABSTRACT
The study provides consistent framework for managing Subsidy Reinvestment and Empowerment Programme (SURE - P) with a view to tackling the problem of sharp financial practices that have bedevil led the programme. In doing this, 3 research questions were drawn in line with the purpose of study. Terms were defined and 22 relevant related literatures reviewed. Data were sourced from financial statements of 5 companies. researcher's developed questionnaire and model. The questionnaire comprises of 22 multiple choice items constructed using Likert Five - Point ScalE. Response Alternative and administered to 50 financial experts in the petroleum industry. It was analyzed in tables using weighted mean. The secondary data wereanalyzed using Return on Equ it y { ROE) of both clean surplus accounting and traditional accounting approaches. l'he ROEs were analyzed using correlation coefficient. The study found out that sharp financial practices exist in the management of SURE - P and that clean surplus accounting and its model can be used in tackling them. Statutory backup for the use of clean surplus accounting model, establishment of ROE ceiling point, partnership between SURE - P and multinarional corporations and incorporation of social responsibilities in the programmes of companies involved m the management of SURE - P were recommended.
TABLE OF CONTENTS
Title Page
Approval Page
Certification
Dedication
Acknow ledgement
Table of Contents
List of Tables
Abstract
CHAPTER ONE
INTRODUCTION I
1.1 Background of the Study
1.2 Statement of the Problem 3
1.3 Purpose of the Study 4
1.4 Significance of the Study 5
1.5 Research Questions 5
1.6 Research Hypotheses 5
1.7 Scope of the Study 6
1.8 Limitations of the Study 6
1.9 Definition of Terms 6
CHAPTER TWO LITERA TORE REVIEW
2.1 Economy of Nigeria in a ut Shell 9
2.2 Management 10
2.3 Subsidy Reinvestment and Empowerment Programme (SURE - P) 12
2.3. l What is SURE - P? 1
2.3.2 Major Stakeholders in the Management of SURE - P 14
2.3.3 Source and Calculation of SURE - P Funds 15
2.3.4 Involvement of the Stakeholders in Subsidy Scam 18
2.4 Clean Surplus Accounting I 20
2.5 Other Aspects of Accounting 22
2.5. l Financial Accounting 22
2.5.2 Cost Accounting 22
2.5.3 Management Accounting 23
2.6 Relationship bet ween Economic Profit and Clean urplus Theory 23
CHAPTER THREE
RESEARCH METHODOLOGY
Design of the Study
Area of the Study
Population of the Study
Sample and Sampling Techniques
Instrument for Data collection
Validation of the Instrument
Reliability of the Instrument
Administration of the Instrument
Method of Data Analysis
CHAPTER FOUR DATA PRESENTATION, ANALYSIS AND INTERPRETATION OF RESULTS
4.1 Presentation of Data 33
4.2 Analysis of Results 42
4.3 Interpretation of Results 44
CHAPTER FIVE - SU1\-1MARY, CONCLUSION AND RECOMMENDATIONS
5.1 Summary of Major Findings 47
5.2 Conclusion 48
5.3 Recommendations 48
5.4 Suggestions for Further Studies 49
REFERENCES 50
APPENDICES
ARIBAISAAC, B (2020). MANAGING SUBSIDY RE-INVESTMENT AND EMPOWERMENT PROGRAMME (SURE-P) UNDER CLEAN SURPLUS ACCOUNTING. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/managing-subsidy-re-investment-and-empowerment-programme-sure-p-under-clean-surplus-accounting
BSC/09/2016, ARIBAISAAC. "MANAGING SUBSIDY RE-INVESTMENT AND EMPOWERMENT PROGRAMME (SURE-P) UNDER CLEAN SURPLUS ACCOUNTING" Mouau.afribary.org. Mouau.afribary.org, 25 Mar. 2020, https://repository.mouau.edu.ng/work/view/managing-subsidy-re-investment-and-empowerment-programme-sure-p-under-clean-surplus-accounting. Accessed 30 Oct. 2024.
BSC/09/2016, ARIBAISAAC. "MANAGING SUBSIDY RE-INVESTMENT AND EMPOWERMENT PROGRAMME (SURE-P) UNDER CLEAN SURPLUS ACCOUNTING". Mouau.afribary.org, Mouau.afribary.org, 25 Mar. 2020. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/managing-subsidy-re-investment-and-empowerment-programme-sure-p-under-clean-surplus-accounting >.
BSC/09/2016, ARIBAISAAC. "MANAGING SUBSIDY RE-INVESTMENT AND EMPOWERMENT PROGRAMME (SURE-P) UNDER CLEAN SURPLUS ACCOUNTING" Mouau.afribary.org (2020). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/managing-subsidy-re-investment-and-empowerment-programme-sure-p-under-clean-surplus-accounting