Effects of IFRS adoption on the financial statements of Nigerian listed entities: the case of oil and gas companies

On 28 July 2010, the Nigerian Federal Executive Council approved January 1, 2012 as the effective date for the convergence of Nigerian Statement of Accounting Standards (SAS) or Nigerian GAAP (NG-GAAP) with International Financial Reporting Standards (IFRS). By this pronouncement, all publicly listed companies and significant public interest entities in Nigeria were statutorily required to issue IFRS based financial statements for the year ended December, 2012. This study investigates the impact of the adoption of IFRS on the financial statements of Nigerian listed Oil and Gas entities using six years of data which covers three years before and three years after IFRS adoption in Nigeria and other African countries. First, the study evaluates the impact of IFRS adoption on the Exploration and Evaluation (E&E) expenditures of listed Oil and Gas companies. Second, it examines the impact of IFRS adoption on the provision for decommissioning of Oil and Gas installations and environmental rehabilitation expenditures. Third, the study analyses the impact of the adoption of IFRS on the average daily Crude Oil production cost per Barrel. Fourth, it examines the extent to which the adoption and implementation of IFRS affects the Key Performance Indicators (KPIs) of listed Oil and Gas companies. The study further explores the impact of IFRS adoption on the contractual relationships between Nigerian Government and Oil and Gas companies in terms of Joint Ventures (JVs) and Production Sharing Contracts (PSCs) as it relates to taxes, royalties, bonuses and Profit Oil Split. A Paired Samples t-test, Wilcoxon Signed Rank test and Gray’s (Gray, 1980) Index of Conservatism analyses were conducted simultaneously where the accounting numbers, financial ratios and industry specific performance measures of GAAP and IFRS were computed and analysed and the significance of the differences of the mean, median and Conservatism Index values were compared before and after IFRS adoption. Questionnaires were then administered to the key stakeholders in the adoption and implementation of IFRS and the responses collated and analysed. The results of the analyses reveal that most of the accounting numbers, financial ratios and industry specific performance measures examined changed significantly as a result of the transition from GAAP to IFRS. The E&E expenditures and the mean cost of Crude Oil production per barrel of Oil and Gas companies increased significantly. The GAAP values of inventories, GPM, ROA, Equity and TA were also significantly different from the IFRS values. However, the differences in the provision for decommissioning expenditures were not statistically significant. Gray’s (Gray, 1980) Conservatism Index shows that Oil and Gas companies were more conservative under GAAP when compared to the IFRS regime. The Questionnaire analyses reveal that IFRS based financial statements are of higher quality, easier to prepare and present to management and easier to compare among competitors across the Oil and Gas sector but slightly more difficult to audit compared to GAAP based financial statements. To my knowledge, this is the first empirical research to investigate the impact of IFRS adoption on the financial statements of listed Oil and Gas companies. The study will therefore make an enormous contribution to academic literature and body of knowledge and void the existing knowledge gap regarding the impact and implications of IFRS adoption on the financial statements of Oil and Gas companies.

Raman Spectroscopy and DFT calculations for the Electronic Structure Characterization of Conjugated Polymers

In the last three decades, there has been a broad academic and industrial interest in conjugated polymers as semiconducting materials for organic electronics. Their applications in polymer light-emitting diodes (PLEDs), polymer solar cells (PSCs), and organic field-effect transistors (OFETs) offer opportunities for the resolution of energy issues as well as the development of display and information technologies1. Conjugated polymers provide several advantages including low cost, light weight, good flexibility, as well as solubility which make them readily processed and easily printed, removing the conventional photolithography for patterning2. A large library of polymer semiconductors have been synthesized and investigated with different building blocks, such as acenes or thiophene and derivatives, which have been employed to design new materials according to individual demands for specific applications. To design ideal conjugated polymers for specific applications, some general principles should be taken into account, including (i) side chains (ii) molecular weights, (iii) band gap and HOMO and LUMO energy levels, and (iv) suited morphology.3-6 The aim of this study is to elucidate the impact that substitution exerts on the molecular and electronic structure of π-conjugated polymers with outstanding performances in organic electronic devices. Different configurations of the π-conjugated backbones are analyzed: (i) donor-acceptor configuration, (ii) 1D lineal or 2D branched conjugated backbones, and (iii) encapsulated polymers (see Figure 1). Our combined vibrational spectroscopy and DFT study shows that small changes in the substitution pattern and in the molecular configuration have a strong impact on the electronic characteristics of these polymers. We hope this study can advance useful structure-property relationships of conjugated polymers and guide the design of new materials for organic electronic applications.

Dall'uomo esposto al soggetto esposto: il concetto di interfaccia in alcuni filoni di riflessione sulla tecnica dal Settecento a Marcel Mauss

La nozione di ambiente non è una nozione recente. Al giorno d’oggi il riferimento all’ambiente compare in maniera sempre più diffusa nei dibattiti, nelle opere scientifiche e artistiche, negli spazi di divulgazione e sempre più entra all’interno degli spazi affettivi individuali e all’interno delle teorie e delle prassi politiche individuali e collettive. L’ambiente tanto entra nel campo assiologico, quanto vi entra come elemento fragile, indissociabile dall’azione antropica individuale e collettiva, attraverso ciò che noi riassumiamo con la nozione di crisi ambientale. La crisi ambientale permette di riaprire degli ambiti di valore e di interesse nel presente, allo stesso tempo provoca una reinterpretazione e un riorientamento delle teorie e delle prassi del passato. Dal nostro presente di crisi ambientale, è possibile rintracciare delle figure che, nel passato, hanno rappresentato l’inerenza degli enti con il loro ambiente e, tra questi, dell’uomo con il suo ambiente di vita. Sono due le principali figure attraverso le quali si intende riprendere un rapporto con il nostro passato letto attraverso la crisi ambientale: la figura dell’interfaccia come ciò che demarca un rapporto di inerenza e di separazione tra un interno e un esterno che hanno un rapporto tra loro necessario e tuttavia contingente, e la figura della relazione di “esposizione”, tramite la quale si vuole pensare a forme di soggettività vulnerabili, esposte alle relazioni e ai concatenamenti nei quali sono inserite e che tuttavia non possono che esporre a loro volta le altre soggettività e l’ambiente di vita comune a continue modificazioni. Tramite i concetti di interfaccia e di esposizione abbiamo potuto seguire il prodursi di forme di sapere relative all’inerenza tra forme e modi dell’interiorità rispetto all’ambiente che si sono prodotte nella storia e che sono emerse tramite la provocazione di un passato indotto dalla trasformazione che è il nostro presente di crisi ambientale.

Les livres VI à VIII du traité des Simples de Galien. Tradition du texte et traduction annotée

La thèse se propose d’offrir la première traduction française des livres VI à VIII du traité des Simples de Galien portant sur la flore à intérêt pharmacologique. Afin de comprendre l’esprit et le but de l’œuvre, nous avons situé le médecin dans son contexte historique et culturel, le IIe siècle de notre ère, et nous avons fourni les données fondamentales de sa biographie et de sa production littéraire et, plus particulièrement, des textes pharmacologiques. Nous avons également étudié le rôle des plantes médicinales dans la médecine d’époque romaine, ainsi que les sources de l’œuvre, en particulier Dioscoride. Malgré le succès du traité au cours des siècles qui ont suivi, il n’a pas fait l’objet d’études approfondies et l’édition la plus récente demeure celle de K. G. Kühn du XIXe siècle. Une édition critique s’impose et c’est dans cette perspective que nous avons entrepris de dresser la liste définitive des manuscrits transmettant le texte galénique. Nous espérons que ces recherches permettront de comprendre un peu mieux l’importance des simples dans la pharmacologie de Galien et qu’elles seront un point de départ pour d’autres travaux sur le traité des Simples.

Scrittura, sociabilità e strategie di persuasione: Marie-Anne Paulze-Lavoisier, secrétaire (1758-1836)

Attraverso uno studio di caso, centrato su Marie-Anne Paulze-Lavoisier (1758-1836), la tesi tratta di pratiche legate all’annotazione e, più in generale, alla registrazione di informazioni su supporti cartacei tra gli anni ’70 del Settecento e gli anni ‘30 dell’Ottocento. Nota oggi come moglie e collaboratrice del chimico Antoine-Laurent Lavoisier (1743-1794), di cui avrebbe promosso le teorie attraverso un’attività di traduttrice e illustratrice, Paulze-Lavoisier è qui presentata nella veste di “secrétaire”, ossia di figura incaricata di mettere per iscritto osservazioni di varia natura. Ci si concentra, in particolare, sui Registres de laboratoire di Lavoisier, 14 quaderni petit in-folio a cui sono affidati i resoconti di esperimenti condotti a Parigi tra il 1772 e il 1788 e che rilevano in misura significativa della mano di lei. Oggetto finora di una storia del pensiero scientifico, interessata alle “idee” in essi contenute, i Registres sono da noi riletti alla luce di un approccio “materiale”, attento alle pratiche e alle condizioni della loro compilazione e del loro riutilizzo nel tempo. Si indagano quindi le funzioni di questi quaderni rispetto alla pratica sperimentale, ricostruendo al contempo i tratti e le evoluzioni del ruolo di segretaria affidato a Paulze-Lavoisier. Il focus su Paulze-Lavoisier permette da un lato a sollevare nuove domande in merito al rapporto tra scrittura delle note, genere e sociabilità ma anche, ad un altro livello, alla cosiddetta “invisibilità” degli assistenti; dall’altro offre la materia per una storia lunga dei Registres, che dai primi gesti in essi da lei operati agli inizi degli anni ’70 del Settecento arriva fino alle manipolazioni a cui sono sottoposti, per sua volontà, nei primi decenni dell’Ottocento.

Language, action, and sensoriality: a multimodal analysis of interactions in inclusive sport climbing with visually impaired athletes

In sport climbing, athletes with vision impairments are constantly accompanied by their guides – usually trainers – both during the preparatory inspection of the routes and whilst climbing. Trainers are, so to speak, the climbers’ eyes, in the sense that they systematically put their vision in the service of the climbers’ mobility and sporting performance. The synergy between trainers and athletes is based on peculiar, strictly multimodal interactive practices that are focused on the body and on its constantly evolving sensory engagement with the materiality of routes. In this context, sensory perception and embodied actions required to plan and execute the climb are configured as genuinely interactive accomplishments. Drawing on the theoretical framework of Embodied and Situated Cognition and on the methodology of Conversation Analysis, this thesis engages in the multimodal analysis of trainer-athlete interactions in paraclimbing. The analysis is based on a corpus of video recorded climbing sessions. The major findings of the study can be summarized as follows. 1) Intercorporeality is key to interactions between trainers and athletes with visual impairments. The participants orient to perceiving the climbing space and acting in it as a ‘We’. 2) The grammar, lexicon, prosody, and timing of the trainers’ instructions are finely tuned to the ongoing corporeal experience of the climbers. 3) Climbers with visual impairments build their actions by using sensory resources that are provided by their trainers. This result is of particular importance as it shows that resources and constraints for action are in a fundamental way constituted in interaction with Others and with specific socio-material ecologies, rather than being defined a priori by the organs and functions of individuals’ body and mind. Individual capabilities are thus enhanced and extended in interaction, which encourages a more ecological view of (dis)ability.

Affordances and Language: How the Level of Object Familiarity modulates the Manipulation and Categorization of Objects across Development

According to much evidence, observing objects activates two types of information: structural properties, i.e., the visual information about the structural features of objects, and function knowledge, i.e., the conceptual information about their skilful use. Many studies so far have focused on the role played by these two kinds of information during object recognition and on their neural underpinnings. However, to the best of our knowledge no study so far has focused on the different activation of this information (structural vs. function) during object manipulation and conceptualization, depending on the age of participants and on the level of object familiarity (familiar vs. non-familiar). Therefore, the main aim of this dissertation was to investigate how actions and concepts related to familiar and non-familiar objects may vary across development. To pursue this aim, four studies were carried out. A first study led to the creation of the Familiar and Non-Familiar Stimuli Database, a set of everyday objects classified by Italian pre-schoolers, schoolers, and adults, useful to verify how object knowledge is modulated by age and frequency of use. A parallel study demonstrated that factors such as sociocultural dynamics may affect the perception of objects. Specifically, data for familiarity, naming, function, using and frequency of use of the objects used to create the Familiar And Non-Familiar Stimuli Database were collected with Dutch and Croatian children and adults. The last two studies on object interaction and language provide further evidence in support of the literature on affordances and on the link between affordances and the cognitive process of language from a developmental point of view, supporting the perspective of a situated cognition and emphasizing the crucial role of human experience.

Synthesis of new non-fullerene acceptors based on indacenodithiophene core for organic solar cells

Due to the low cost, lightness and flexibility, Polymer Solar Cell (PSC) technology is considered one of the most promising energy technologies. In the past decades, PSCs using fullerenes or fullerene derivatives as the electron acceptors have made great progress with best power conversion efficiency (PCE) reaching 11%. However, fullerene type electron acceptors have several drawbacks such as complicated synthesis, a low light absorption coefficient and poor tuning in energy levels, which prevent the further development of fullerene-based PSCs. Hence the need to have a new class of electron acceptors as an alternative to conventional fullerene compounds. Non-fullerene acceptors (NFAs) have developed rapidly in the last years and the maximum PCEs have exceeded 14% for single-junction cells and 17% for double-junction tandem cells. By combining an electron-donating backbone, generally with several fused rings with electron-withdrawing units, we can simply construct NFA of the acceptor–donor–acceptor type (A–D–A). Versatile molecular structures have been developed using methods such as acceptor motif engineering and donor motif engineering. However, there are only a few electron-donating backbones that have been proved to be successful. Therefore, it is still necessary to develop promising building blocks to further enrich the structural diversity. An indacenodithiophene (IDT) unit with just five fused rings has a sufficiently rigid coplanar structure, which has been regarded as one of the promising electron-rich units to design high-performance A–D–A NFAs. In this work, performed at the King Abdullah University of Science and Technology in Saudi Arabia, a new nine-cyclic building block (TBIDT) with a two benzothiophene unit was synthesized and used for designing new non-fullerene electron acceptors.

Ai confini del senso. La schizofrenia tra semiotica, psicopatologia e scienze cognitive

La schizofrenia rappresenta uno dei più grandi enigmi per l’impresa conoscitiva umana: non si conosce la sua eziologia, né le sue basi biologiche e cerebrali. Non è neanche chiaro cosa accada nell’esperienza di chi ne soffre, che sembra vivere in un mondo altro. La scarsa conoscenza dell’esperienza schizofrenica e la distanza tra questa e il senso comune hanno portato molti studiosi a inquadrare questo disturbo come illogico, irrazionale, insensato. Il presente lavoro tenta di confutare tale impostazione, mostrando come il mondo di senso dello schizofrenico si altera, non si disgrega; si trasforma, non si annulla. Il campo di studi all’interno del quale si colloca la ricerca è la semiotica, disciplina che studia i sistemi e i processi di significazione e i modi attraverso cui l’essere umano dà senso al mondo. L’intera indagine è inserita in un quadro interdisciplinare in costante dialogo con la psicopatologia fenomenologica e le scienze cognitive contemporanee, e si sviluppa a partire da numerosi testi autobiografici di pazienti schizofrenici, report psichiatrici, articoli di giornale, film e romanzi sul tema. L’ipotesi su cui si muove il lavoro è che sia possibile comprendere la schizofrenia come un problema costitutivamente semiotico, il cui nucleo è da rintracciarsi in una radicale metamorfosi delle modalità di produrre e interpretare il significato. La scommessa sottesa è che la semiotica possa contribuire in modo sostanziale alla comprensione delle modalità attraverso cui la nostra cultura concettualizza la schizofrenia e dei modi in cui gli schizofrenici danno senso al mondo. Il lavoro indaga, quindi, i legami tra schizofrenia e cultura, la storia del concetto nosografico, e le alterazioni dei processi di significazione nei casi di eloquio disorganizzato, nei racconti autobiografici e nei deliri, cercando anche di fornire strumenti utili alla pratica clinica.

Un nuovo catalogo dei manoscritti alchemici greci delle biblioteche italiane.

Il presente lavoro di ricerca propone una revisione del corpus greco dei manoscritti alchemici conservati presso le biblioteche italiane attraverso la realizzazione di un nuovo catalogo, aggiornato ed elaborato secondo le recenti norme di catalogazione. Tale progetto risponde alla necessità di un completo riesame dell’attuale catalogo dei codici alchemici italiani curato da Carlo Oreste Zuretti e pubblicato a Bruxelles nel 1927 (Catalogue des manuscrits alchimiques grecs, II). L’inadeguatezza e insufficienza di tale sussidio emerge soprattutto nella descrizione dei singoli esemplari, specie per quanto riguarda gli aspetti codicologici e paleografici. Il nuovo accurato studio che ha coinvolto ciascun manoscritto mira alla realizzazione di un esaustivo strumento di lavoro in grado di coniugare gli aspetti materiali, scrittori, testuali e storico-culturali degli esemplari esaminati. Le nuove acquisizioni emerse dallo studio dei codici consentono di delineare meglio la storia della circolazione dei testi alchemici greci e dei loro lettori.

Variety, flexibility, and use of abstract concepts. A multiple grounded perspective.

The nature of concepts is a matter of intense debate in cognitive sciences. While traditional views claim that conceptual knowledge is represented in a unitary symbolic system, recent Embodied and Grounded Cognition theories (EGC) submit the idea that conceptual system is couched in our body and influenced by the environment (Barsalou, 2008). One of the major challenges for EGC is constituted by abstract concepts (ACs), like fantasy. Recently, some EGC proposals addressed this criticism, arguing that the ACs comprise multifaced exemplars that rely on different grounding sources beyond sensorimotor one, including interoception, emotions, language, and sociality (Borghi et al., 2018). However, little is known about how ACs representation varies as a function of life experiences and their use in communication. The theoretical arguments and empirical studies comprised in this dissertation aim to provide evidence on multiple grounding of ACs taking into account their varieties and flexibility. Study I analyzed multiple ratings on a large sample of ACs and identified four distinct subclusters. Study II validated this classification with an interference paradigm involving motor/manual, interoceptive, and linguistic systems during a difficulty rating task. Results confirm that different grounding sources are activated depending on ACs kind. Study III-IV investigate the variability of institutional concepts, showing that the higher the law expertise level, the stronger the concrete/emotional determinants in their representation. Study V introduced a novel interactive task in which abstract and concrete sentences serve as cues to simulate conversation. Analysis of language production revealed that the uncertainty and interactive exchanges increase with abstractness, leading to generating more questions/requests for clarifications with abstract than concrete sentences. Overall, results confirm that ACs are multidimensional, heterogeneous, and flexible constructs and that social and linguistic interactions are crucial to shaping their meanings. Investigating ACs in real-time dialogues may be a promising direction for future research.

Per una semiotica evolutiva dell'apprendimento. Produzione segnica, abduzione ed exaptation nell'accesso alla literacy

Con questa ricerca si intende costruire una semiotica specifica che sia in grado di fare luce sui processi di apprendimento della lettoscrittura durante l’età evolutiva. È un campo di ricerca a cui hanno contribuito numerose discipline: la psicologia e le neuroscienze trattano la lettoscrittura come uno stato cognitivo a cui l’essere umano accede nel corso dello sviluppo individuale, mentre l’archeologia cognitiva e la linguistica considerano lo stesso fenomeno dal punto di vista della filogenesi culturale. Queste stesse discipline possono essere distinte in due categorie a seconda dell’adozione di una prospettiva internalista, in cui lettura e scrittura sono rappresentate come attività compiute dal cervello e dai neuroni, o di una prospettiva distribuita, in cui si tratta di studiare l’evoluzione e la presa in carico delle forme materiali della lingua scritta. Gli strumenti di una semiotica interpretativa e cognitiva consentono di mediare e tradurre tra queste prospettive differenti e rendere ragione del modo in cui l’apprendimento di una pratica culturale socialmente regolata e costruita a partire da forme materiali disponibili, produce profonde modificazioni a livello neurofisiologico, nei vincoli di un’architettura cerebrale che - per quanto plastica - pone divieti e passaggi obbligati. Questa ricerca propone un ruolo centrale della produzione segnica e dell’inferenza abduttiva nei processi di apprendimento, nel processo di acquisizione delle competenze fondamentali dell’emergent literacy (la scoperta del fonema e la phonemic awareness) e, conseguentemente, nei processi di riciclaggio ed exaptation che si danno a livello neurofisiologico.

Plutarch's chemistry of stones and metals: conceptions and explanations. With an appendix on the TheSu XML annotation scheme

This dissertation presents a systematic and analytic overview of most of the information related to stones, minerals, and stone masonry which is found in the corpus of Plutarch of Chaeronea, combined with most of the information on metals and metalworking which is connected to the former. This survey is intended as a first step in the reconstruction of the full landscape of ‘chemical’ ideas occurring in Plutarch’s writings; accordingly, the exposition of the relevant passages, the assessment of their possible interpretations, the discussion on their implications, and their contextualization in the ancient traditions have been conducted with a special interest in the ‘mineralogical’ and ‘metallurgic’ themes developed in the frame of natural philosophy and meteorology. Although in this perspective physical etiology could have come to acquire central prominence, non-etiological information on Plutarch’s ideas on the nature and behaviour of stones and metals has been treated as equally relevant to reach a fuller understanding of how Plutarch conceptualized and visualized them in general, in- and outside the frame of philosophical explanation. Such extensive outline of Plutarch’s ideas on stones and metals is a prerequisite for an accurate inquiry into his use of the two in analogies, metaphors, and symbols: to predispose this kind of research was another aim of the present survey, and this aim has contributed to shape it; moreover, a special attention has been paid to the analysis of analogical and figurative speaking due to the nature itself of a large part of Plutarch’s references to stones and metals, which are either metaphorical, presented in close association with metaphors, or framed in analogies. Much of the information used for the present overview has been extracted —always with supporting argumentation— from the implications of such metaphors and analogies.

Aristotle’s modal syllogistic and first-order modal logic

In Prior Analytics 1.1–22, Aristotle develops his proof system of non-modal and modal propositions. This system is given in the language of propositions, and Aristotle is concerned with establishing some properties and relations that the expressions of this language enjoy. However, modern scholarship has found some of his results inconsistent with positions defended elsewhere. The set of rules of inference of this system has also caused perplexity: there does not seem to be a single interpretation that validates all the rules which Aristotle is explicitly committed to using in his proofs. Some commentators have argued that these and other problems cannot be successfully addressed from the viewpoint of the traditional, ‘first-order’ interpretation of Aristotle’s syllogistic, whereby propositions are taken to involve quantification over individuals only. Accordingly, this interpretation not only is inadequate for formal analysis, but also stems from a misunderstanding of Aristotle’s ideas about quantification. On the contrary, in this study I purport to vindicate the adequacy and plausibility of the first-order interpretation. Together with some assumptions about the language of propositions and an appropriate regimentation, the first-order interpretation yields promising solutions to many of the problems raised by the modal syllogistic. Thus, I present a reconstruction of the language of propositions and a formal interpretation thereof which will prove respectful and responsive to most of the views endorsed by Aristotle in the ‘modal’ chapters of the Analytics.

The spatial association of numbers and mathematical symbols

The "SNARC effect" refers to the finding that people respond faster to small numbers with the left hand and to large numbers with the right hand. This effect is often explained by hypothesizing that numbers are represented from left to right in ascending order (Mental Number Line). However, the SNARC effect may not depend on quantitative information, but on other factors such as the order in which numbers are often represented from left to right in our culture. Four experiments were performed to test this hypothesis. In the first experiment, the concept of spatial association was extended to nonnumeric mathematical symbols: the minus and plus symbols. These symbols were presented as fixation points in a spatial compatibility paradigm. The results demonstrated an opposite influence of the two symbols on the target stimulus: the minus symbol tends to favor the target presented on the left, while the plus symbol the target presented on the right, demonstrating that spatial association can emerge in the absence of a numerical context. In the last three experiments, the relationship between quantity and order was evaluated using normal numbers and mirror numbers. Although mirror numbers denote quantity, they are not encountered in a left-to-right spatial organization. In Experiments 1 and 2, participants performed a magnitude classification task with mirror and normal numbers presented together (Experiment 1) or separately (Experiment 2). In Experiment 3, participants performed a new task in which quantity information processing was not required: the mirror judgment task. The results show that participants access the quantity of both normal and mirror numbers, but only the normal numbers are spatially organized from left to right. In addition, the physical similarity between the numbers, used as a predictor variable in the last three experiments, showed that the physical characteristics of numbers influenced participants' reaction times.