FINANCIAL REPORTING CHALLENGES IN MULTINATIONAL CORPORATIONS
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- 1-5 Chapters
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- Recommended for : Student Researchers
- NGN 3000
Abstract:
This research explores the financial reporting challenges faced by multinational corporations in Lagos State, Nigeria. The objectives are to: (1) identify key challenges in financial consolidation across borders, (2) assess the impact of differing regulatory environments, and (3) evaluate strategies for overcoming these challenges. A survey design was employed to gather data from financial managers in multinational corporations. The sample size, derived using Taro Yamane's formula, ensures representativeness. Nestlé Nigeria Plc was chosen as the case study due to its extensive multinational operations. The reliability coefficient score of the survey was 0.87. Findings reveal significant challenges in financial consolidation and compliance with diverse regulatory standards. It is recommended that multinational corporations in Lagos State develop standardized reporting frameworks and invest in training to navigate these complexities effectively.
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