Ethical Accounting Practices and Organizational Productivity in The Banking Sector

Abstract

The study investigated the impact of ethical accounting practices and organizational productivity in the banking sector. A descriptive survey research design was adopted by the study. Four deposit money banks were considered for the study which are Firstbank Plc, Union Bank Plc, Polaris Bank Plc and Guaranty Trust Bank Plc. A sample size of 24 accountants who are member of the accounting units of the selected banks were utilized for collection of primary data for this study. The collected data was analyzed using descriptive statistics and regression analysis was adopted for measuring and predicting the significant impact of ethical accounting practices on organizational productivity in the banking sector through the use of Statistical Package for Social Sciences (SPSS) version 20. From the findings of the study, it was revealed that ethical accounting practice has significant relationship with the behavior/attitude of accountants in the banking sector (p<0.004). The study hence concluded that ethical accounting practice has a significant relationship with organizational productivity in the banking sector because ethical behaviour of the accountants will enhance the attainment of productivity. Based on the findings of the study, it was recommended among others that relevant professional accounting bodies in Nigeria should monitor the activities of their members to ensure that codes of ethics are followed in the preparation of financial statement in the country.