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.
TABLE OF CONTENTS
Title page ---------------------------------------------------------------------- ii
Certification: ----------------------------------------------------------------- -- iii
Dedication: ---------------------------------------------------------------------- iv
Acknowledgment: ------------------------------------------------------------- -v
Abstract: ---------------------------------------------------------------------------vi
Table of contents: --------------------------------------------------------------vii
CHAPTER ONE: INTRODUCTION
1.1 Background of The Study: ---------------------------------------------1
1.2 Statement of The Problem: -------------------------------------------- 3
1.3 Objective of The Study: ------------------------------------------------ -4
1.4 Research Hypotheses: -------------------------------------------------- 6
1.5 Significance of The Study: ----------------------------------------------7
1.6 Scope of The Study : ----------------------------------------------------- 8
1.7 Limitation of The Study: ---------------------------------------------------8
1.8 Definition of Terms: --------------------------------------------------------- 9
1.9 reference: ------------------------------------------ --------------------------10
CHAPTER TWO: REVIEW OF RELATED LITERATURE
2.1 Overview of the financial Accounting System: -----------------------11
2.2 Financial Accounting Records: -------------------------------------------11
2.3 The Subsidiary Books the General Journal (proper) ----------------12
2.4 Source Document: -----------------------------------------------------------17
2.5 The Ledgers: ------------------------------------------------------------------- 19
2.6 Classification of Accounts: ---------------------------------------------------19
2.7 The Trial Balance: --------------------------------------------------------------20
2.8 The Trading Profit and Loss Account: -------------------------------------20
2.9 The Balance Sheet: ------------------------------------------------------------21
2.10 Principles and Assumption Underlying Financial Standards: --------21
2.11 Accounting Standards: --------------------------------------------------------28
2.12 Controversial Issue in Financial Accounting Reporting: --------------31
2.13 Cross Sectional Analysis of Selected Companies in Enugu State: -36
2.14 Brief History of the Companies: ---------------------------------------------36
References: ---------------------------------------------------------------------------- 45
CHAPTER THREE: RESEARCH DESIGN AND METHODOLOGY
3.1 Research Design: --------------------------------------------------------------47
3.2 Sources of Data: --------------------------------------------------------------- 48
3.3 Method of Data Collection: ---------------------------------------------------50
3.4 Determination of Population Size: -------------------------------------------51
3.5 Determination of Sample Size: -----------------------------------------------51
3.6 Method of Administration and Questionnaire: -----------------------------52
3.7 Method of Date Analysis: ------------------------------------------------------ 53
3.8 Decision Rule: ---------------------------------------------------------------------54
Reference: --------------------------------------------------------------------------------56
CHAPTER FOUR: DATA PRESENTATION, ANALYSIS AND
INTERPRETATION
4.1 Date Presentation: ---------------------------------------------------------------57
4.2 Data Analysis: -------------------------------------------------------------------- 58
4.3 Hypothesis Testing: -------------------------------------------------------------69
CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND
RECOMMENDATIONS
5.1 Summary of Findings: ---------------------------------------------------------- 84
5.2 Conclusion: ------------------------------------------------------------------------85
5.3 Recommendation: ----------------------------------------------------------------86
Bibliography:-------------------------------------------------------------------- ---87
Appendices: -----------------------------------------------------------------------89
