Business, Management and Economics Research
Online ISSN: 2412-1770
Print ISSN: 2413-855X
Print ISSN: 2413-855X
Volume 1 Number 4 August 2015
An Alternative Strategy of Social Entrepreneurship Initiative for Food Security in Nigeria: The Role of Relevant Stakeholders
Authors: Aminu Nassir Brimah ; Wahid Damilola Olanipekun ; Azeez Tunbosun Lawal
The thrust of this paper is to provide an alternative strategy for solving the problem of food insecurity in Nigeria through the social entrepreneurship initiative which is gaining prominence in recent times. The paper explains the numerous efforts adopted by government to engender food security in the country but which yielded infinitesimal results. It concludes that the problem of food insecurity in Nigeria can be solved with collective efforts of the relevant stakeholders: international donors, government, professional institutions, banks, nongovernmental organisations, faith based institutions, schools, families, farmers, and media. The paper recommends the adoption of social entrepreneurship initiative by all stakeholders as an alternative strategy for achieving the dream of food security in Nigeria.
Accounting for Goodwill at Private versus Other Companies: Amortize, Impair, or Write Off
Authors: Monica Jorge ; Dahli Gray
This article documents increased diversity in financial accounting practice. The Financial Accounting Standards Board (FASB) standard-setting process for the Accounting Standards Update (ASU) 2014-18 is used as documentation. The FASB ASU 2014-18 was approved by a slim margin of four to three of the FASB members. This indicates continuing controversy around accounting for goodwill that relates to the public interest goal of similar accounting for similar transactions and events. This article analyzes the content within the 52 Comment Letters submitted in response to 18 questions asked by the Private Company Council (PCC) that lead to the promulgation of the FASB ASU 2014-18. Private companies are to include non-marketable intangibles in the account goodwill that non-private companies are to continue measure and report separate from goodwill. Plus private companies are allowed to either amortize or test for impairment in measuring and reporting goodwill. Non-private companies are to test for impairment. Non-private companies do not have the option of using amortization as part of the measurement and reporting process regarding goodwill. This diversity in measuring and reporting goodwill decreases progress toward the public interest goal of comparability of financial reports. Comparability is a significant quality thought to improve decision usefulness of information.