Faculty of Management Sciences, Federal University Otuoke
FEDERAL UNIVERSITY OTUOKE
MENU
DURUZO, Ifeoma Gloria PhD.; OKEKE, Frankline C.S.A.; OFURUM, Christmas Ifeanyi D. & EGWU, Emmanuel Chimezie
Despite the successful application of lean thinking across a wide range of industries, and institution, lean accounting which have been a main stay in the banking sector seems to be gaining relevance in recent times, the talk of its relevance was pushed to the fore as a response factor to the policies and protocols put out to control the spread of the Nobel Covid-19 virus in organizations in attempt to return business to normalcy. The Mammoth crowd at the premises of the bank, the customers complaints on time wasted and the daily customer turnover by the banks, spore the study to examine covid-19 and the implementation of lean accounting in Nigeria banking sector. The objective of the study was to investigate the impact of the Covid-19 pandemic on the current status of lean application, examine the barriers to the implementation of lean accounting and identify the critical success factors (CSFs) of lean accounting implementation in the Nigeria banking industry during the Covid-19 pandemic. The descriptive survey research design, was adopted for the study using primary data generated from a sample 384 conveniently selected respondents in attempt to answer the research question and test the hypothesis of the study. 377 questionnaires were return and satisfied useful for the study, and analyzed using mean and percentage tools for statistical analysis, while the hypothesis was tested using the Pearson’s product moment correlation coefficient statistic was used to test the hypotheses of the study at 0.05 level of significance. The finding reveals that there is a significant relationship between covid-19 pandemic and the implementation of lean accounting in Nigeria banking sector. The study findings among other establishes that that the covid-19 pandemic has been a cog in the wheel of progress of lean accounting practice in the current Nigeria banking environment. Thus the researcher recommends that the banking sectors should ensure that HRM practice is at premium, with square pegs in square hole and traditional organizational culture should be tweaked a bit in....
Editorial
Published: 30 June 2021
COVID-19 AND LEAN ACCOUNTING IN NIGERIA’S BANKING SECTOR
46-64 (2021)
Abstract
Author Information
Affiliations
Department of Accountancy/Banking and Finance, Alex Ekwueme Federal University Ndufu-Alike, Ikwo, Abakaliki Ebonyi State
DURUZO, Ifeoma Gloria PhD.; OKEKE, Frankline C.S.A.; OFURUM, Christmas Ifeanyi D.
Corresponding Author
DURUZO, Ifeoma Gloria
Cite this article
DURUZO, Ifeoma Gloria et al (2021). Covid-19 and Lean Accounting in Nigeria’s Banking Sector. Otuoke Journal of Management Sciences, 5(1) 46 - 64.
Rights and Permissions
Open Access This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/.
Download PDF
EGWU, Emmanuel Chimezie
Bursary Department, Alex Ekwueme Federal University Ndufu-Alike, Ikwo, Abakaliki Ebonyi State