The impact of financial accounting on the corporate performance of business organization

Title page ———————————————————————- ii Certification: —————————————————————– — iii Dedication: ———————————————————————- iv Acknowledgment: ————————————————————- -v Abstract: —————————————————————————vi Table of contents: ————————————————————–vii

Chapter ONE

INTRODUCTION

1.1Background of The Study: ———————————————1
1.2Statement of The Problem: ——————————————– 3
1.3Objective of The Study: ———————————————— -4
1.4Research Hypotheses: ————————————————– 6
1.5Significance of The Study: ———————————————-7
1.6Scope of The Study : —————————————————– 8
1.7Limitation of The Study: —————————————————8
1.8Definition of Terms: ——————————————————— 9
1.9reference: —————————————— ————————–10

Chapter TWO

LITERATURE REVIEW

2.1Overview of the financial Accounting System: ———————–11
2.2Financial Accounting Records: ——————————————-11
2.3The Subsidiary Books the General Journal (proper) —————-12
2.4Source Document: ———————————————————–17
2.5The Ledgers: ——————————————————————- 19
2.6Classification of Accounts: —————————————————19
2.7The Trial Balance: ————————————————————–20
2.8The Trading Profit and Loss Account: ————————————-20
2.9The Balance Sheet: ————————————————————21
2.10Principles and Assumption Underlying Financial Standards: ——–21
2.11Accounting Standards: ——————————————————–28
2.12Controversial Issue in Financial Accounting Reporting: ————–31
2.13Cross Sectional Analysis of Selected Companies in Enugu State: -36
2.14Brief History of the Companies: ———————————————36 References: —————————————————————————- 45

Chapter THREE

RESEARCH METHODOLOGY

RESEARCH DESIGN AND METHODOLOGY
3.1Research Design: ————————————————————–47
3.2Sources of Data: ————————————————————— 48
3.3Method of Data Collection: —————————————————50
3.4Determination of Population Size: ——————————————-51
3.5Determination of Sample Size: ———————————————–51
3.6Method of Administration and Questionnaire: —————————–52
3.7Method of Date Analysis: —————————————————— 53
3.8Decision Rule: ———————————————————————54 Reference: ——————————————————————————–56

Chapter FOUR

DATA PRESENTATION AND ANALYSIS

ANALYSIS AND INTERPRETATION
4.1Date Presentation: —————————————————————57
4.2Data Analysis: ——————————————————————– 58
4.3Hypothesis Testing: ————————————————————-69

Chapter FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

OF FINDINGS, CONCLUSION AND RECOMMENDATIONS
5.1Summary of Findings: ———————————————————- 84
5.2Conclusion: ————————————————————————85
5.3Recommendation: —————————————————————-86 Bibliography:——————————————————————– —87 Appendices: ———————————————————————–89

Project Abstract

The research work “The impact of Financial Accounting Reporting on the corporate performance of Business Organizations”, basically aims at ascertaining how financial accounting reporting has helped in advancing the objectives of corporate organizations. In the process, it investigated the effected that financial accounting bear on the performance of a business. Furthermore, if sought to ascertain the compliance of relevant statues by corporate organizations and the overall satisfaction of stakeholders in a corporate organizations. The study obtained its data basically from primary and secondary sources. The primary sources of data collection employed were questionnaire, oral interview and observations, while the secondary sources of data included textbooks, journals. in the analysis of the data collected, the chi-square was used to analyze the responses gathered. The study revealed that a loot of problems were inherent in financial reporting ranging from non-disclosure of vital information, subjective judgments of prepares of the financial information and most times non-compliance to relevant statues. There were recommendations given such as strict compliance to the relevant statute were made to the companies, the government needs to strengthen its regulatory agencies in order to ensure that the financial statements show a “true and fair view and comply with the relevant statues at all times.

Project Overview

INTRODUCTION Background of the Study The impact of financial reporting on the corporate performance of a business organization is becoming more apparent to user groups of a financial statement. Accounting is a not an exact science neither are business operations without some subjective and judgmental errors when it comes to reporting them. A financial reporting therefore is a document statement which informs the various interest groups to a business on the operations and performance of their business in a period under review its present state of affairs as well as its anticipated future, in accordance with the statutes. If a financial report is to service its purpose it ought to be characterized by the following. a. Relevance b. Understandability c. Reliability d. Completeness e. Objectivity….

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