THE EFFECT OF FINANCIAL ACCOUNTING REPORTING ON THE CORPORATE PERFORMANCE OF BUSINESS ORGANIZATION
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- NGN 3000
ABSTRACT
This research work ‘’The Effect of Financial Accounting reporting on the corporate performance of business organization; basically aims at ascertaining how financial accounting report has helped in advancing the objectives of corporate organization. In the process, it investigated the effects that financial accounting bear on the performance of a business. Furthermore, the sought to ascertain the compliance of relevant status by corporate organizations and the overall satisfaction of stakeholders in a corporate organizations. The study obtained its data basically from primary source. The primary sources of data collection employed were questionnaires oral interview and observation. The study revealed that a lot of problems were inherent in financial reporting ranging from non disclosure of vital information, subjective judgment of the financial information and most time non-compliance to relevant status. The recommendation given such as strict compliance to the relevant status were made to the organization, 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 status at all times.
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