An assessment of cost performance and accountability in privatized public enterprises in Nigeria (a study of Oando (Unipetrol) plc in Enugu state) Department: Accountancy By: Aloyzy Project ID: 7201 Rating: (5.0) votes: 1Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractDespite an impressive level of privatization activity across Africa and the upsurge in search of the operating performance of privatized firms in both developed and developing economies, our empirical knowledge of the privatization program in Africa is limited. The purpose of this study is to appraise the post-privatization cost and operating performance as well as the accountability of some privatized public enterprises in Nigeria. A survey research design was adopted for the study, sixty-five internal audit and thirty-five accounting. Totally one hundred was randomly sampled and stratified among the staff of Oando plc Enugu state. Three research questions and a hypothesis tested at a 0.05 percent level of significance guided the study. Frequencies, percentages, mean and standard deviation were employed to answer the research questions while Z-test statistics were used to test the hypothesis. It was found that the privatization of unipetrol has led to efficient and improved cost performance and proper accountability to shareholders. We conclude and recommend among others that effective cost performance and proper accountability to shareholders is very necessary in privatized public enterprises and that the government should provide the entire necessary enabling environment for the privatized company to carry out their activities without unnecessarily increasing their cost....Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»The effects of computerized accounting system on the performance of banking industry in Nigeria»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»Effect of misrepresentation of information in a financial statement»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )