ROLE OF ACCOUNTING IN SUSTAINABLE DEVELOPMENT IN NIGERIA

Amaka Elizabeth Agbata, Sunday Chukwunedu Okaro and Ogochukwu Nkiru Onyeogubalu
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Amaka Elizabeth Agbata: Nnamdi Azikiwe University, Awka, Nigeria
Sunday Chukwunedu Okaro: Nnamdi Azikiwe University, Awka, Nigeria
Ogochukwu Nkiru Onyeogubalu: Nnamdi Azikiwe University, Awka, Nigeria

Annals of the University of Craiova for Journalism, Communication and Management, 2022, vol. 8, issue 1, 98-106

Abstract: Sustainable development has become very important following the need to achieve economic growth without harming the earth’s natural resources as well as meet the needs of the present and future generations. Consequently, every nation, organization, profession, and so on has roles to play in achieving this sustainable development. The study reviewed various literature on the role of accounting in sustainable development and was limited to the Nigerian situation. Local and international literature was reviewed and it was found out based on the review that Nigerian accountants assisted in sustainable development through their contribution to the improved capital market, sustainable business, better management of public funds. Through quality education as well as rich, competitive, and contemporary training accountants undergo, they are kept abreast of current economic and related issues, become competent, and are constantly more valuable in meeting business needs that emerge. Accountants in their decision-making functions played active roles in influencing the sustainability strategies of their companies. Through the provision of high-quality corporate financial reports, they also contribute to sustainable development, among others. Consequently, the researchers concluded that accounting played significant roles in sustainable development in Nigeria. The study contributed to knowledge by adding literature on the role of accounting in sustainable development in Nigeria as there is a dearth of research in that area.

Keywords: Accounting; Accountants; Sustainable Development; Sustainable Business; Capital Market; Corporate Financial Reports (search for similar items in EconPapers)
JEL-codes: Z0 (search for similar items in EconPapers)
Date: 2022
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