Accounting for public relation expenses in nigeria coporate organziation

Project Abstract

Public relations expenses have become a significant aspect of corporate organizations in Nigeria as they strive to maintain a positive image and build relationships with various stakeholders. However, there is a lack of clear guidance on how these expenses should be accounted for in financial statements, leading to inconsistency in reporting practices. This research aims to explore the current practices of accounting for public relations expenses in Nigerian corporate organizations and provide recommendations for improving transparency and consistency in reporting. The study will employ a mixed-methods approach, combining both quantitative and qualitative data collection methods. A survey questionnaire will be distributed to finance and accounting professionals in selected corporate organizations to gather information on their current practices regarding public relations expense recognition and disclosure. In addition, interviews will be conducted with key stakeholders such as financial managers, auditors, and regulators to gain deeper insights into the challenges and opportunities associated with accounting for public relations expenses. The findings of this research will contribute to the existing body of knowledge by shedding light on the current practices and challenges related to accounting for public relations expenses in Nigerian corporate organizations. The study will also provide practical recommendations for improving transparency and consistency in reporting, which can help enhance the credibility of financial statements and promote better decision-making by stakeholders. Overall, this research is expected to have significant implications for both corporate organizations and regulatory bodies in Nigeria. By providing insights into the current practices and challenges related to accounting for public relations expenses, the study can help organizations improve their financial reporting practices and enhance stakeholder trust. Additionally, the recommendations proposed in this research can inform policymakers and standard-setters in developing clearer guidance on accounting for public relations expenses, ultimately leading to greater transparency and accountability in the corporate sector.

Project Overview

<p> </p><div><p><strong>INTRODUCTION</strong></p><p><strong>1.1 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</strong><strong>BACKGROUND OF STUDY</strong></p><p>Public relation is the art of communication, which is applied to any sort of organization, commercial or public or non commercial sector. That is why it is far bigger than advertising or marketing.</p><p>It could also be said that the book of the said whole books of the world religion contain from of public relation, in that ancient scribes were seeking to create an understanding of their faith.</p><p>Today at airport’s airlines recognize by their logos and by the dress of their crew and other staff. This is often called corporate identity.</p><p>Also, public relation is the practice of planned and sustain effort to establish and maintain good will and mutual understanding further, public relation practices are the art and social science of analysis trends predicting their consequence, counseling organization leaders and implementing planned programme of action which will serve both the organization and public interest. The definition also embraces the public affair and social science aspect of an organization that is, its responsibility to public interest.</p><p><strong>1.1 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</strong><strong>STATEMENT OF PROBLEM</strong></p><p>It is noted earlier that essence of public relation in an organization is so efficiency because it make the report and relationship between the employee and to promote the profitability and growth of the organization. But in recent time in Nigeria, some corporation had been so corrupt, ordinarily, public relation can be classified into taxable and non taxable item. It becomes taxable if a corporation makes an expenses in form of welfare or to promote awareness for their company and non taxable if the company has taken bribe when workers are being recruited or employed, this could not be taxed in a country like Nigeria.</p><p>This corruption has eaten deep into their scarce resource. This research look at corporate organization Nigeria, to identify the cause of problem as whether the expense on public relation are taken or not. This study becomes more important at this time of economic recession and since it is the</p></div><h3></h3><br> <br><p></p>