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THE CHALLENGES OF MANAGEMENT ACCOUNTING AND LEADERSHIP IN A DISTRESSED COMPANY

THE CHALLENGES OF MANAGEMENT ACCOUNTING AND LEADERSHIP IN A DISTRESSED COMPANY

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THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE
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CHAPTER ONE

INTRODUCTION

Background of the study

Statement of the problem

Objective of the problem

Significance of study

Slope, limitation and delimitation

Definition of the terms

 

 

CHAPTER TWO

LITERATURE REVIEW

Definition of leadership

Qualities of good leadership

Types of leaders/ leadership styles

Definition of management accounting

 

CHAPTER THREE

Summary of findings

Conclusion

Recommendations

Bibliography

References

CHAPTER ONE

 

INTRODUCTION

BACKGROUND OF THE STUDY

It is not only in Nigerian economy that is in distress, most companies are also in distress and their managing directors are equally in distress. Some of the managing directors are now languishing  in either prison or police custody as a result of their contributory roles to their companies predicament.

Most distressed companies are financial houses like banks, investment and insurance companies. But a lot of other non-financial companies are also in distress even though not  currently declared as such.

The accountants way of determining whether a company is in distress or not is through examination of when last it paid dividend, it’s earning per share and price earning ratio, among others.

All companies on the stock market official list that have zero dividend, zero earning per share and zero price earning ratio are inherently in distress one way or the other.

If these conditions persist, their audited financial reports and accounts are likely to be qualified by their external auditions.

Distress may be caused by a number of reasons:

  • Lack of liquidity and working capital.

  • Management problems usually associated with employing worker with no management still as manager.

  • Greed by staff who may want to become rich quickly through stealing small items from the company and taking some money fraudulently for one’s own use.

  • Adopting policies that are irrelevant to goals and objective of the company.

  • Over –invoicing by staff.

  • Supervisor’s inability to cope with their supervisory roles.

  • Inappropriate management styles by unqualified managers.

  • Lack of marketing strategies.

  • Unsecured loans that may become bad

  • Inconsistent economic polices by government e.g structural adjustment prgramme (SAP)


STATEMENT OF THE PROBLEM

Many industries and corporate firms today depends largely on teenage workers. The majority of employees in some companies like manufacturing industries, Banks, marketing firms, recreation available and etc. are teenagers. They are to and cheap, but they are also very difficult to manage and leading them effectively presented a tremendous challenge to the present day corporate leaders.

Consequently, employment experts have identified the following statement of problems associated within the challenges we are having in management accounting and leadership:

Provide those external stimuli that incites their subordinates to action.

  • There is the problem of leaders not knowing how to accommodate the social, emotional needs of it’s employees.

  • The ability of leaders or managers of organization to employ experience and knowledge work force.


The

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