Thesis Abstract

Abstract
Accounting plays a crucial role in the national development of countries, especially in developing economies like Nigeria. This research aims to explore the specific contributions of accounting to the economic growth and development of Nigeria. The study will focus on various aspects such as financial reporting, auditing, and taxation to understand how these accounting functions impact national development. In Nigeria, accounting serves as the foundation for making informed economic decisions at both the macro and micro levels. Financial reporting provides transparency and accountability in financial transactions, which are essential for attracting foreign investments and fostering economic growth. Moreover, auditing ensures the reliability of financial information, instilling confidence in investors and stakeholders. The taxation system, guided by accounting principles, helps in generating government revenue to fund developmental projects. By examining the role of accounting in Nigeria's national development, this research will shed light on the challenges and opportunities faced in leveraging accounting practices for sustainable economic growth. It will also investigate the effectiveness of current accounting standards and regulatory frameworks in enhancing financial management and governance in the country. The findings of this study will have significant implications for policymakers, regulatory bodies, accounting professionals, and other stakeholders involved in driving economic development in Nigeria. Understanding the role of accounting in national development can lead to the formulation of policies that promote transparency, accountability, and good governance. This, in turn, can attract more investments, stimulate economic activities, and ultimately contribute to the overall development of the country. In conclusion, accounting plays a vital role in the national development of developing economies like Nigeria. This research will provide valuable insights into how accounting practices can be optimized to support economic growth and development. By addressing the challenges and capitalizing on the opportunities presented by accounting, Nigeria can enhance its financial management systems, attract more investments, and achieve sustainable development goals.

Thesis Overview

1.1 Background of the study.

The basic economic problem that confronts an under developed or a developing country and especially the new independent ones is how to attain within a relatively short period, a notable increase in the rate of economic growth which is envisaged will bring it to the level of perpetual real income comparable to those of more admired economics of the world. In order to attain this oval, the country would have to ;
1.provide those basic government services especially in education, public health and transport. These services will serve as fertile soil to advancing the nation’s economy.
2. Stimulate a higher rate of capital formation in production facilities either in government or private sectors. The first accomplishment requires transportation on needed factors or resources to the governmental ;sector of the economy for the production of those services or facilities required by the entire populace.. The second accomplishment required transfer of resources to capital formation either strictly in the private sector or through the governmental sector.
These resources may come from
a. outside the control
b. present use for consumption
c. present use in production of capital of or types regarded as not contributing to economit growth.
Idle or partially idle resources primarily manpower. The above four sources off varying opportunity growth and it actually does it only by transfer existing resources to the appropriate quarter and