An investigation into the applicability of corporate responsibility accounting in private secondary educatonal institutions in Akwa Ibom State, Nigeria : a case study of Topfaith International Secondary School

• Main Author: Emmanuel, Abraham Enoima
• Published: University of Buckingham 2011
• Subjects: 373.669
• Online Access: http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.549726

This research is aimed at investigating the applicability of Corporate Responsibility Accounting in private secondary educational institutions, with a focus on Akwa Ibom state, Nigeria. Using a case study of Topfaith International Secondary School, an investigation was conducted into the importance of Corporate Social Responsibility, importance of Corporate Responsibility Accounting, the motivation behind Corporate Responsibility Accounting and if the Global Reporting Initiative provides a suitable format for the preparation of Corporate Responsibility Accounts. This research is focused on the stakeholders of Topfaith International Secondary School, namely the board of governors, the management, the employees and the parents. Through interviews and questionnaires the opinions of these stakeholders were collected and used to test the hypotheses set for this study and reach the relevant conclusions. The research finding confirmed that there is high demand for Corporate Responsibility Accounting by the stakeholders in Topfaith International Secondary School but in terms of the preparation of Corporate Responsibility Accounts, the accountant did not have the required knowledge and skills, even with the Global Reporting Initiative as a guide. However there was a felt need for the accountant and the staff of the accounting department to be exposed to the knowledge and skills for appropriate corporate responsibility accounting in the school. In view of the position of the stakeholders of Topfaith International Secondary School, it is obvious that this research shows that stakeholders in the Nigeria educational sector have a demand for Corporate Responsibility Accounting but the technocrats or administrators in charge of the preparation of the corporate responsibility accounts do not have the relevant skills.