Sustainability Accounting Information and Role of Accountants in Nigerian Listed firms.
Keywords:
Sustainability, Accounting information, Accountants, Manager, Nigeria
Abstract
In the last couple of decade firms have recognized the task accountants play in sustainability accounting information in promoting transparency and accountability. This study examines the role of accountants in ensuring sustainability accounting information process among selected firms in Nigeria. The data obtained were analyzed using both descriptive and inferential statistics. The findings of the study revealed that accountants are less involved in sustainability information in comparison to other professionals. Although they retain information, the results indicate that they are mere interpreters of information and act as an intermediary between sustainability managers and top management. It is recommended that increasing the involvement of accountants in sustainability accounting information process would enhance the effectiveness and viability of such report for corporate sustainability assessment. Companies should further strengthen the accounting process through training, adoption of policies that support proper platform for effective and sound sustainability accounting information process.
References
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profitability and shareholders fund in Nigerian banks. Journal of Accounting and Management, 5(3), 1-11.
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companies in Nigeria. Unpublished Ph. D. Thesis, submitted to Covenant University, Ogun State.
Nwobu, O. A., Iyoha, F. and Owolabi, A. (2018). Managerial perception of corporate
sustainability reporting determinants in Nigeria. Journal of Business and Retail Management Research, 12(2), 72-82.
Nwobu, O. A. and Ngwakwe, C. C. (2020). Corporate responsibility reporting in Africa: the
effect of macroeconomic indicators and political regime. Asian Economic and Financial Review, 10(10), 1203-1219.
Okwuosa, I. and Amaeshi, K. (2018). Sustainability Reporting and Professional
Accountants in Nigeria. Technical Research Paper, Institute of Chartered Accountants of Nigeria.
Pallant, Juliet (2010). A step by step guide to data analysis using the SPSS programme. Survival Manual 4th Edition. McGraw-Hill Publisher England UK.
Schaltegger, S. and Burritt, R. (2010). Sustainability accounting for companies. Catchphrase
or decision support for business leaders. Journal of World Business, 45(4),375-384.
Schaltegger, S. and Csutora, M. (2012.) Carbon accounting for sustainability and
management status quo and challenges. Journal of Cleaner Production, 36(1),1-16.
Schaltegger, S. and Zvezdov, D. (2013). In Control of Sustainability Information: Untangling
the role of Accountants. Accounting and Control for Sustainability Studies in Managerial and Financial Accounting, 26(1), 265-296
Schaltegger, S. and Zvezdov, D. (2015). Gatekeepers of sustainability information: Exploring
the roles of accountants.Journal of Accounting and Organisational Change. 11(3), 333-381.
Siyanbola, T. T., Fregene, O. O. and Ogbebor, P. I. (2019). The relationship between
accounting information disclosure and investment decision of listed firms in Nigeria. International Journal of Accounting and Finance, 8(1), 59-77.
Wilson, I. (1975) What one company is doing about today’s demands on business in
Steiner, G.A (Ed), Changing Business Society Interrelationships, Los Angeles Graduate School of Management, UCLA, 68-86
William, B.R. (2018). The local government accountants’ Perspective on Sustainability.
Sustainability Accounting Management and Policy Journal,6 (2), 267-287.
Wilmshurt, T. and Frost, G. (2001) The role of accounting and accountant in the
environmental management system. Business Strategy and Environment, 10(3), 135-147.
Zvezdov, D., Schaltegger, S. and Bennett, M. (2010). The increasing involvement of
accountants in corporate sustainability management. Journal of the Asia-Pacific Centre for Environmental Accountability, 16(4),20-31.
sustainability. EPRA International Journal of Economic and Business Review. 4(4), 5-14.
Aliyu, B., Abdulwahab, U. M, and Alabede, J. O. (2020) The Impact of Financial Reporting
Regulations on Sustainability Accounting in Nigeria: Perception of users and Preparers. Journal of Agripreneurship and Sustainable Development (JASD), 3(1), 2651-6365.
Bennett, M., Schaltegger, S. and Zvezdov, D. (2011). Environmental management accounting
in Abder-kader, M. (Ed.) Review of Management Accounting Research, Palgrave Macmillan Hampshire UK, 53-84.
Bennett, M., Schaltegger, S. and Zvezdov, D. (2013). Exploring Corporate Practice in
Management Accounting for Sustainability, Institute of Chartered Accountants of England and Wales, London.
Erhirhie, F. E. and Ekwueme, C. M. (2019). Corporate social sustainability Reporting and
financial performance of oil and gas industry in Nigeria. International Journal of Accounting Finance and Risk Management, 4(2), 44-60
Nnamani, J. N., Onyekwelu, U. L. and Ugwu, O. K. (2017). Effect of sustainability accounting
and reporting on financial performance of firms in Nigeria Brewery sector. European Journal of Business and Innovation Research, 15(1), 1-15.
Nwobu, O. A. (2015). The relationship between corporate sustainability reporting and
profitability and shareholders fund in Nigerian banks. Journal of Accounting and Management, 5(3), 1-11.
Nwobu, O. A. (2017). Determinant of corporate sustainability Reporting in selected
companies in Nigeria. Unpublished Ph. D. Thesis, submitted to Covenant University, Ogun State.
Nwobu, O. A., Iyoha, F. and Owolabi, A. (2018). Managerial perception of corporate
sustainability reporting determinants in Nigeria. Journal of Business and Retail Management Research, 12(2), 72-82.
Nwobu, O. A. and Ngwakwe, C. C. (2020). Corporate responsibility reporting in Africa: the
effect of macroeconomic indicators and political regime. Asian Economic and Financial Review, 10(10), 1203-1219.
Okwuosa, I. and Amaeshi, K. (2018). Sustainability Reporting and Professional
Accountants in Nigeria. Technical Research Paper, Institute of Chartered Accountants of Nigeria.
Pallant, Juliet (2010). A step by step guide to data analysis using the SPSS programme. Survival Manual 4th Edition. McGraw-Hill Publisher England UK.
Schaltegger, S. and Burritt, R. (2010). Sustainability accounting for companies. Catchphrase
or decision support for business leaders. Journal of World Business, 45(4),375-384.
Schaltegger, S. and Csutora, M. (2012.) Carbon accounting for sustainability and
management status quo and challenges. Journal of Cleaner Production, 36(1),1-16.
Schaltegger, S. and Zvezdov, D. (2013). In Control of Sustainability Information: Untangling
the role of Accountants. Accounting and Control for Sustainability Studies in Managerial and Financial Accounting, 26(1), 265-296
Schaltegger, S. and Zvezdov, D. (2015). Gatekeepers of sustainability information: Exploring
the roles of accountants.Journal of Accounting and Organisational Change. 11(3), 333-381.
Siyanbola, T. T., Fregene, O. O. and Ogbebor, P. I. (2019). The relationship between
accounting information disclosure and investment decision of listed firms in Nigeria. International Journal of Accounting and Finance, 8(1), 59-77.
Wilson, I. (1975) What one company is doing about today’s demands on business in
Steiner, G.A (Ed), Changing Business Society Interrelationships, Los Angeles Graduate School of Management, UCLA, 68-86
William, B.R. (2018). The local government accountants’ Perspective on Sustainability.
Sustainability Accounting Management and Policy Journal,6 (2), 267-287.
Wilmshurt, T. and Frost, G. (2001) The role of accounting and accountant in the
environmental management system. Business Strategy and Environment, 10(3), 135-147.
Zvezdov, D., Schaltegger, S. and Bennett, M. (2010). The increasing involvement of
accountants in corporate sustainability management. Journal of the Asia-Pacific Centre for Environmental Accountability, 16(4),20-31.
Published
2023-03-21
How to Cite
Afolabi, A., & Otusanya, O. J. (2023). Sustainability Accounting Information and Role of Accountants in Nigerian Listed firms. Global Journal of Accounting, 8(1), 87-99. Retrieved from http://gja.unilag.edu.ng/article/view/1705
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Articles
