THE CHALLENGES OF MANAGEMENT ACCOUNTING AND LEADERSHIP IN A DISTRESSED COMPANY

27 PAGES (3165 WORDS) Accounting Seminar
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) 

TABLE OF CONTENTS
Title page
Approval page 
Certification 
Dedication 
Acknowledgement 
Table of content

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