THE IMPORTANCE OF ACCOUNTING CONCEPTS AND CONVENTIONS IN THE PREPARATION OF FINANCIAL STATEMENT
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT
This study was carried out to examine the importance of accounting concepts and conventions in the preparation of financial statement using Nigerian Breweries Plc, Surulere, Lagos State as a case study. Specifically, the study aimed at determining whether accounting concepts and conventions serve as a guide in the preparation of financial statement; ascertain if accounting concepts and conventions assist the provision of useful information for making economic decision; determine whether accounting concepts and convention help in the understanding of how transactions are accounted for; determine whether accounting concepts and conventions make financial reports more meaningful and reliable. The study employed the survey descriptive research design. A total of 100 responses were validated from the survey. From the responses obtained and analysed, the findings revealed that tAccounting concepts and conventions provide framework for constructing financial report; Accounting concepts and conventions allow for consistency in the preparation of financial report; Accounting concept and convention make financial report useful for decision making. The study recommend Since Accounting concepts and conventions have been seen as a very vital tool that provide framework for constructing financial report, allow for consistency in the preparation of financial report, and as well make financial report useful for decision making, organizations accounting departments should always apply the principles of accounting concepts and conventions in order to grow their organization higher.
Related Project Materials
ADDRESSING THE NEEDS OF SPECIAL POPULATIONS IN VOCATIONAL EDUCATION
Abstract: This study addresses the needs of special populations in vocational education in...
An appraisal of economic policy’s role in fostering technological innovation in Nigeria: A study of Abuja (2010–2020)
Background of the Study :
Economic policies are vital instruments for cultivating an environment conducive to technological innovation, p...
An evaluation of local government policies on poverty alleviation in Ikot Ekpene Local Government Area, Akwa Ibom State.
Background of the Study
Local government policies are central to efforts aimed at poverty alleviation, particularly in reg...
The Impact of Social Media on Nigerian Syntax Variation: A Comparative Analysis of Twitter and Instagram Posts
Background of the Study
Social media platforms such as Twitter and Instagram are reshaping the linguistic landscape in Nige...
A critical analysis of mobile ad targeting strategies on market segmentation: A study of a tech company in Kaduna, Nigeria
Background of the study
Mobile ad targeting strategies have revolutionized market segmentation by leveraging user data to d...
THE EFFECT OF PLANNING ON THE SUCCESS OF SMALL BUSINESS ENTERPRISES
ABSTRACT
The purpose of the study was to establish the effects of planning in the success of Small and...
on small-scale businesses in Ijebu East Local Government Area, Ogun State.
Background of the Study
Microfinance institutions (MFIs) have emerged as vital enablers of small-scale business growth, pa...
An investigation of informal education and its influence on students’ critical thinking skills in Kaltungo Local Government Area, Gombe State
Background of the Study
Informal education is widely recognized as a complementary approach that enriches the learning exp...
ACQUISITION AND UTILISATION OF ELECTRONIC INFORMATION RESOURCES IN BAUCHI STATE UNIVERSITY LIBRARY
Background of the study
The acquisition and utilization of electronic information resources in academic...
An examination of the role of local governments in promoting economic development in Oredo Local Government Area, Edo State
Background of the study
Local governments are instrumental in driving economic development through policy implementation, i...
