IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 8 NO. 3 2022

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Green Accounting and Material Flow Analysis in Oil Producing Companies in Nigeria

Prof. Ifurueze Meshack S. Mayah, Eunice

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Abstract

This study investigated the effect of green accounting practice on material flow analysis of oil producing companies in Nigeria from (2018-2020). A research questions and hypotheses was formulated for the study. Ex-post facto research design was employed in the study. The population of the study included all quoted oil and gas firms trading on the Nigerian Exchange Group (NXG) (NSE) as at 31st December 2021 with a sample size of Five (5) Multinational oil and gas firms selected from the population sector. The study relied on secondary sources of data which was obtained from Annual reports of sampled firms as provided by individual firms and Nigerian Exchange Group (NXG) website. Panel Least Square (PLS) regression analysis was employed in validating the hypothesis. The study revealed a significant positive effect of green accounting disclosure on material turnover. Consequent on the findings, the study therefore recommends amongst others that consumers form the focal point of managers in any green and sustainability campaign as they form the bedrock for the company’s improved bottom line over time. Further studies can be undertaken on other specific factors that affect green accounting practices in oil producing firms or other related sectors

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