ABSTRACT
The unprecedented master influx of financial reporting in the country party as a result of deregulation policies occasioned by sometimes government intervention has aroused the curiosity of writers to carry out study of this nature. This reporting apparently act as a fool for management decision. The problem does not lie on management decision per se but the financial market in general and public users as a whole.
Thus the cord of this study is to find among other things need, avenue to get financial report, the likely, problem and their root cause eventual findings and analyses of research work, recommendations and possible solutions as regard to proper financial reporting in Nigeria
The study follows the chronological order of first introducing the study, coupled with its evolution, objective, significance and likely problems to resolve elaborating on the scope of study and definitions of some teams used in the study.
In the literature review of the study, the researchers try to extract the salient quality of the study.
In carrying out the research, the researcher made used of personal interview, observation and collection of related literature in obtaining their information.
Furthermore, analyses their finding, citing problems, their root cause, and the users of the financial reporting the regulatory bodies.
Finally, in recognition of the obvious of the fact, the reveals as regard to the analyzed work recommendations were made and possible solutions suggested.
TABLE OF CONTENTS
PAGE … … … … i
APPROVAL PAGE … … … … ii
DEDICATION … … … … iii
ABSTRACT … … … … iv
ACKNOWLEGEMENT … … … … v
TABLE OF CONTENTS … … … … vi
CHAPTER ONE
INTRUDUCTION … … … … 1
1.2 OBJECTIVE OF FINANCIAL REPORTING … 3
1.3 SIGNIFICANT OF FINANCIAL REPORTING … 5
1.4 STATEMENT OF PROBLEM … … 6
1.5 SCOPE AND LIMITATIONS OF THE STUDY … 8
1.6 DEFINITION OF TERMS … … 8
CHAPTER TWO
0: LITERATURE REVIEW … … … 12
:1 QUALITIES OF FINANCIAL REPORTING … 12
2:2 RELEVANCE … … … 13
2:3 RELIABILITY … … … 14
2:4 MATERIALITY … … … 14
2:5 COST AND BENEFITS … …. … 16
2:6 REFERENCES … … … 17
CHAPTER THREE
3:0 RESEARCH DESIGN AND METHODOLOGY … 18
3:1 POPULATION … … … 18
3:2 INSTRUMENTS OF DATA COLLECTION … 20
3:3 RELIABILITY OF INSTRUMENTS USED … 21
3:4 METHOD OF ANALYSIS … … …
CHAPTER FOUR
4:0 ANALYSIS OF FINDINGS … … … 23
4:1 PROBLEM OF FINANCIAL REPORTING … … 23
4:2 RELEVANCE AND USEFULLNESS … 24
4:3 RELIABILITY, … … … 27
4:4 COMPARABILITY AND CONSISTENCY … … 29
4:5 EXTERNAL ENVIROMENT REGULATION … … 31
4:6 REPORTING DTANDARDS … … … 33
4:7 COMPETITION … … … 35
4:8 USEDS OF FINANCIAL REPORTING … … 37
4:9 AUDITORS … … … 39
4:10 REFERENCES … … … 40
CHAPTER FIVE
5:0 RECOMMENDATION AND SOLUTIONS … … 42
5:1 REGULATOR … … … 42
5:2 REPORTING STARNDARDS … … … 43
5:3 USERS OF FINANCIAL REPORTS … … 44
5:4 PEPOLE AND MANAGEMENT … … 44
5:5 AUDITORS … … … 45
5:6 REFERENCE BIBILOGRAPHY … … 47
