THE INFLUENCE OF FINANCIAL ACCOUNTING REPORTING ON THE MANAGEMENT OF A BUSINESS ORGANIZATION
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Abstract
This study sought to assess the influence of financial accounting reporting on the management of a business organization. Specifically, the ,work was carried out to find out whether financial statement shows a true and fair view of Champion Breweries financial positions and establishes the relationship between financial accounting reporting and management of a business organization. A survey research design was used in the study and simple percentage and correlation models were used in analyzing the data. It was discovered that financial reporting play a vital role in the management of Champion Breweries. These financial reporting were discovered to high influence on the performance of the organization. It is also found out that managers of Champion Breweries do not attach important to statutory regulation and standards in the design and implementation of financial accounting system in their company. Therefore, it is recommended that proper orientation should be given to them in order to ensure that they adhere to the statutory regulations and standard so as to upgrade and update their financial accounting reporting for improved performance.
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