Tag Archives: Depreciation

Depreciation of Understanding Lexicon in Traditional Wedding Ceremony in South Tapanuli, Medan (Published)

This research focuses on the oral tradition performed in the traditional wedding ceremony in South Tapanuli. There is one problem discussed in this research that is the depreciation of understanding lexicon in South Tapanuli.  Oral tradition in the traditional wedding ceremony after being revealed has showing well-implicating manner and politeness rooted in South Tapanuli (Angkola, Mandailings, and Batak). Primary data is collected by recording traditional wedding ceremony and the secondary of data is taken through deepest interview with the subject of the research and other samples. The data are classified into 15 groups, the resulting in 264 lexicon, then the lexicon are shared by 240 respondents representing 40 samples in some cities in South Tapanuli.

Keywords: Depreciation, Moral Values, South Tapanuli, Traditional Wedding

Financial Accounting Methods and Executive Compensation: A Comparative Study of Pre and Post IFRS Adoption by Manufacturing Firms (Published)

This paper examines the relationship between financial accounting methods and executive compensation in pre and post IFRS era of manufacturing firms in Nigeria for a 7 year period .Financial accounting variables considered in the study are discretional receivable accruals, discretional inventory accruals and discretional depreciation accruals Tests were conducted to determine whether financial accounting methods variables have any statistically significant relationship with executive compensation variable using simple regression Analysis Executive compensation variable was regressed on financial accounting methods variable on both eras independently. The results from the analysis showed that discretionary accounts receivable accruals and discretionary inventory accrual have no statistically significant relationship with executive compensation of firms in the manufacturing sector of Nigeria in both pre and post IFRS periods. In Contrast to the other two variables of financial accounting methods, discretionary depreciation has significant relationship with remuneration of executive directors implying earnings manipulation and in sync with agency theory.

Keywords: Account Receivable Accruals, Depreciation, Discretional Accruals, Executive Compensation, Financial Accounting method, Pre and Post IFRS Adoption

CHALLENGES OF USING THE COST METHOD OF VALUATION IN VALUATION PRACTICE: A CASE STUDY OF SELECTED RESIDENTIAL AND COMMERCIAL PROPERTIES IN AWKA AND ONITSHA, ANAMBRA STATE, NIGERIA (Published)

By Definition, the cost method also known as the Depreciated Replacement Cost (DRC) method of valuation is a method of determining the value of a property or an asset by reference to the cost of replacing the property or asset as new, and then making allowance for depreciation to take care of age, wear and tear and other forms of obsolescence (Ifediora, 1993). In valuation practice, it is usually adopted where there is a lack of data for income method or where the property is new and there is no sufficient evidence of recent property transactions in the open market. The DRC method from the professional view point however relies on a good knowledge of construction costs or unit rates of construction as regards landed property or assets generally. This can pose serious challenges where relevant data is not available. It could in turn result to assumptions which are indefensible in a court of law.

Keywords: Construction Rate, Depreciation, Replacement Cost, Valuation