International Journal of Sustainability Management and Information Technologies

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Spiritual Accounting Attributes and Sustainable Good Governance in Nigeria

Received: 21 October 2023    Accepted: 4 December 2023    Published: 11 December 2023
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Abstract

This is study was conducted out of the political, economic, social, technological, environmental, legal, educational, religious and security (PESTELERS) crises experience in Nigeria since the return of democratic government. Without doubt, there is a breakdown in the system and governance of Nigeria. Spiritual accounting attributes and sustainable good governance was examined. Descriptive and exploratory survey designs were adopted in this study. The population for the study was 1503 ICAN Fellow Conferees (FCAs) during the 21st Conferment of Fellowship Status at Lagos State on May 20, 2023. Four hundred (400) respondents were selected using purposive sampling technique. The data were obtained from structured questionnaire and were analysed using descriptive statistics and related t-test statistics. The findings revealed that, the exhibition of psycho-spiritual accounting attributes and socio-spiritual accounting attributes will significantly influence sustainable good governance in Nigeria as showed in the weighted means scores of 4.61 and tcal. 34.87; and that the spiritual accounting attributes exhibition by leaders and those in ‘corridors of power’ is the key to sustainable good governance in Nigeria. It was concluded that, Nigeria will know no good governance until those in governance exhibit spiritual accounting attributes (psycho spiritual accounting attributes and socio-spiritual accounting attributes). Recommendations were made that, all persons aspiring for heads of government and those in leadership at all levels in Nigeria should rate themselves to determine whether they possess both psycho-spiritual accounting attributes and socio-spiritual accounting attributes for sustainable good governance and all leaders should be well trained on spiritual accounting core values by their regulatory bodies; redesigning the course specifications to include spiritual accounting core values in behavioural accounting as well as making it a part of NYSC orientations and work place beliefs for spiritual accounting intelligence.

DOI 10.11648/j.ijsmit.20230902.12
Published in International Journal of Sustainability Management and Information Technologies (Volume 9, Issue 2, December 2023)
Page(s) 20-27
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Spiritual Accounting Attributes, Sustainable Good Governance, Nigeria

References
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[4] Diamond, S. (2015). Eight life lessons from a spiritual accountant. Career Development, Stuff that I like. Nest.
[5] Etim, O. E., Akporien, O. F., & Archibong, E. A. (2022). Spiritual accounting and corporate financial reporting: A study of micro finance banks in Delta State, Nigeria. Journal of Accounting and Financial Management, 8(4), 173–179.
[6] Flügel, P. (2017). Spiritual accounting: The role of the Kalyāṇaka Patra in the religious economy of the Terāpanth Śvetāmbara Jain Ascetics, ResearchGate, 1 – 39pp. https://www.researchgate.net/publication/277800899.
[7] Hecker, H. S. (2018). Spiritual accounting: Putting it into practice. Aish International, https:/hish-international.com
[8] Hertz, S., & Friedman, H. H. (2015). Why spirituality belongs in the finance and accounting curricula. Journal of Accounting and Finance, 15 (5), 11–25.
[9] Lakshmi, C. R. (2017). Corporate spirituality: innovation leadership model towards business sustainability. Arabian Journal of Business Management Review, 7: 325.
[10] Machado, N. & Holanda, VB. (2012). Custos no setor público: Diretrizes, modelo conceitual e processo de implantação a partir da experiência do Governo Federal. Editora Atlas.
[11] McClung, E., Grossoehme, D. H., & Jacobson, A. F. (2006). Collaborating with chaplains to meet spiritual needs, Med/Surg Nursing, 15(3), 147-156.
[12] Molisa, P. (2017). A spiritual reflection on emancipation and accounting. Critical Perspectives on Accounting, 22, 453-484.
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[17] Sarah, H., & Hershey, H. F. (2015). Why spirituality belongs in the finance and accounting curricula. Journal of Accounting and Finance, 15(5), 11-25.
[18] Sahara Reporters (2019). How corruption, bad governance helped make Nigeria poverty capital of the world by Banjo Damilola. Lagos: Sahara News.
[19] Sheep, M. L. (2003). Nurturing the whole person: A model of spirituality-at-work and performance. 2003 Academy of Management Conference, Seattle, Washington, Management, Spirituality, and Religion Interest Group, 1–26.
[20] SERAP, Socio-Economic Rights & Accountability Project (2022). Promoting Transparency and Accountability in Ministries, Departments and Agencies in Nigeria. Lagos: SERAP Publications, 51p.
[21] Spears, L. (2004). Practicing servant-leadership. Leader to Leader, 34, Fall. Retrieved from http://www.pfdf.org/leaderbooks/l2l/fall2004/spears.html
[22] The Organisation for Economic Co-operation and Development, OECD (2011). Principles of Sustainable Governance, 11p.
[23] Tower, Y. (2016). Spiritual Accounting Meeting house. here-now.ghost.io. www.meetinghouse.xyz
[24] Udo, E. J. (2018). Spiritual accounting and its role in sustainable governance of Nigeria. Conference Paper, Accounting and Finance Research Association (AFRA), 8th International conference, University of Calabar, November 4-6.
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Cite This Article
  • APA Style

    John Udo, E., Nnaemeka Chukwuekezie, M. (2023). Spiritual Accounting Attributes and Sustainable Good Governance in Nigeria. International Journal of Sustainability Management and Information Technologies, 9(2), 20-27. https://doi.org/10.11648/j.ijsmit.20230902.12

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    ACS Style

    John Udo, E.; Nnaemeka Chukwuekezie, M. Spiritual Accounting Attributes and Sustainable Good Governance in Nigeria. Int. J. Sustain. Manag. Inf. Technol. 2023, 9(2), 20-27. doi: 10.11648/j.ijsmit.20230902.12

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    AMA Style

    John Udo E, Nnaemeka Chukwuekezie M. Spiritual Accounting Attributes and Sustainable Good Governance in Nigeria. Int J Sustain Manag Inf Technol. 2023;9(2):20-27. doi: 10.11648/j.ijsmit.20230902.12

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  • @article{10.11648/j.ijsmit.20230902.12,
      author = {Ekubiat John Udo and Magnus Nnaemeka Chukwuekezie},
      title = {Spiritual Accounting Attributes and Sustainable Good Governance in Nigeria},
      journal = {International Journal of Sustainability Management and Information Technologies},
      volume = {9},
      number = {2},
      pages = {20-27},
      doi = {10.11648/j.ijsmit.20230902.12},
      url = {https://doi.org/10.11648/j.ijsmit.20230902.12},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijsmit.20230902.12},
      abstract = {This is study was conducted out of the political, economic, social, technological, environmental, legal, educational, religious and security (PESTELERS) crises experience in Nigeria since the return of democratic government. Without doubt, there is a breakdown in the system and governance of Nigeria. Spiritual accounting attributes and sustainable good governance was examined. Descriptive and exploratory survey designs were adopted in this study. The population for the study was 1503 ICAN Fellow Conferees (FCAs) during the 21st Conferment of Fellowship Status at Lagos State on May 20, 2023. Four hundred (400) respondents were selected using purposive sampling technique. The data were obtained from structured questionnaire and were analysed using descriptive statistics and related t-test statistics. The findings revealed that, the exhibition of psycho-spiritual accounting attributes and socio-spiritual accounting attributes will significantly influence sustainable good governance in Nigeria as showed in the weighted means scores of 4.61 and tcal. 34.87; and that the spiritual accounting attributes exhibition by leaders and those in ‘corridors of power’ is the key to sustainable good governance in Nigeria. It was concluded that, Nigeria will know no good governance until those in governance exhibit spiritual accounting attributes (psycho spiritual accounting attributes and socio-spiritual accounting attributes). Recommendations were made that, all persons aspiring for heads of government and those in leadership at all levels in Nigeria should rate themselves to determine whether they possess both psycho-spiritual accounting attributes and socio-spiritual accounting attributes for sustainable good governance and all leaders should be well trained on spiritual accounting core values by their regulatory bodies; redesigning the course specifications to include spiritual accounting core values in behavioural accounting as well as making it a part of NYSC orientations and work place beliefs for spiritual accounting intelligence.
    },
     year = {2023}
    }
    

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    T1  - Spiritual Accounting Attributes and Sustainable Good Governance in Nigeria
    AU  - Ekubiat John Udo
    AU  - Magnus Nnaemeka Chukwuekezie
    Y1  - 2023/12/11
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    JF  - International Journal of Sustainability Management and Information Technologies
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    AB  - This is study was conducted out of the political, economic, social, technological, environmental, legal, educational, religious and security (PESTELERS) crises experience in Nigeria since the return of democratic government. Without doubt, there is a breakdown in the system and governance of Nigeria. Spiritual accounting attributes and sustainable good governance was examined. Descriptive and exploratory survey designs were adopted in this study. The population for the study was 1503 ICAN Fellow Conferees (FCAs) during the 21st Conferment of Fellowship Status at Lagos State on May 20, 2023. Four hundred (400) respondents were selected using purposive sampling technique. The data were obtained from structured questionnaire and were analysed using descriptive statistics and related t-test statistics. The findings revealed that, the exhibition of psycho-spiritual accounting attributes and socio-spiritual accounting attributes will significantly influence sustainable good governance in Nigeria as showed in the weighted means scores of 4.61 and tcal. 34.87; and that the spiritual accounting attributes exhibition by leaders and those in ‘corridors of power’ is the key to sustainable good governance in Nigeria. It was concluded that, Nigeria will know no good governance until those in governance exhibit spiritual accounting attributes (psycho spiritual accounting attributes and socio-spiritual accounting attributes). Recommendations were made that, all persons aspiring for heads of government and those in leadership at all levels in Nigeria should rate themselves to determine whether they possess both psycho-spiritual accounting attributes and socio-spiritual accounting attributes for sustainable good governance and all leaders should be well trained on spiritual accounting core values by their regulatory bodies; redesigning the course specifications to include spiritual accounting core values in behavioural accounting as well as making it a part of NYSC orientations and work place beliefs for spiritual accounting intelligence.
    
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Author Information
  • Department of Accountancy, School of Business and Management, Akwa Ibom State Polytechnic, Ikot Osurua, Ikot Ekpene, Nigeria

  • Keystone Bank, Uyo, Nigeria

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