Treasury Single Account and Sustainable Development of Deposit Money Banks

Onismo Maibeki, Egolum, Priscilla Uchenna, PhD, Iliemena, Rachael Okwudili, PhD and Ezeh Augustina A.
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Onismo Maibeki: Zimbabwe Ezekiel Guti University
Egolum, Priscilla Uchenna, PhD: Department of Accountancy, Faculty of Management Sciences, Nnamdi Azikiwe University, Nigeria
Iliemena, Rachael Okwudili, PhD: Department of Accountancy, Faculty of Management Sciences, Nnamdi Azikiwe University, Nigeria
Ezeh Augustina A.: Department of Accountancy, Faculty of Management Sciences, Nnamdi Azikiwe University, Nigeria

International Journal of Research and Innovation in Social Science, 2022, vol. 6, issue 6, 518-523

Abstract: In this study, we empirically examined the adoption of treasury single account (TSA) as an accounting practice for sustainable growth and development and its long term effect on selected quoted deposit money banks in Nigeria in relation to sustainability. The specific objectives examined how the adoption of TSA has affected return on equity, return on assets and earnings per share of the bank using ex-post facto research design on audited annual reports. Convenience sampling was used to select 10 (ten) banks based on financial statements availability, out of 15 deposit money banks listed on Nigeria Stock Exchange, from 2011 to 2015 (before adoption) and from 2016 to 2020 (after adoption). Formulated hypotheses were tested using t-test statistics and evidence revealed that the adoption of TSA significantly improved return on equity, return on asset and earnings per share of the banks. Thus, it is recommended that TSA compliance should be encouraged and sustainably maintained by the Nigerian deposit money banks as it promotes transparency, accountability and good governance without compromising the continuous growth of the banks

Date: 2022
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