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 3000
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
CUSTOMER BEHAVIOUR AND PERCEPTION TOWARD LOCALLY MADE CREAM IN ESE ODO L.G.A, ONDO STATE
Background of the study
According to Mati and Puh (2016) and Sahota (2019), the emergence of nat...
THE IMPACT OF NTA ENUGU IN THE ECONOMIC DEVELOPMENT OF COAL CAMP COMMUNITY OF ENUGU SOUTH LOCAL GOVERNMENT AREA OF ENUGU STATE
ABSTRACT
This work is aimed at examining the roles of NTA in economic development. It also looked at some of the problems that confront t...
EFFECT OF GLOBAL WARMING
Abstract
Many researchers, engineers and environmentalists are expressing deep concerns about changes in the overall the...
ASSESSMENT OF MATERNAL ATTACHMENT ON SOCIAL AND EMOTIONAL ADJUSTMENT OF PRIMARY SCHOOL PUPILS IN SOUTH-WEST NIGERIA
ABSTRACT
This study assesses the relationship between maternal attachment on social and emotional adjustment of primary School pupils in...
RELATIONTIONSHIP BETWEEN HOME BACKGROUND AND ACADEMIC PERFORMANCE Of SENIOR SECONDARY SCHOOL STUDENTS IN JAHUN EDUCATION ZONE JIGAWA STATE, NIGERIA
ABSTRACT
This study employed correlational design in finding the relationship between home background and academic performance among seco...
DEVELOPMENT OF LIGHT VEHICLE BRAKE PAD TEST RIG
ABSTRACT
This report presents the development of light vehicle brake pad test rig for testing and measuring the materials frictional char...
THE IMPACT OF AGRICULTURAL POLICIES ON NIGERIAN ECONOMY
ABSTRACT
This research work assesses the impact of agricultural policies on Nigerian economy. The study...
JUSTICE IN JOHN RAWLS VIS-À-VIS NIGERIAN DEMOCRACY
-
- STATEMENT OF THE PROBLEM
History indicates that right fr...
AN APPRAISAL OF THE PREVENTION AND PUNISHMENT OF THE CRIME OF GENOCIDE UNDER INTERNATIONAL LAW
ABSTRACT
This study aimed at studying the roles played by the international community in the prevention and punishment of the crime of ge...
AN ANALYSIS OF THE USE OF TESTIMONY AS A MEANS OF PROOF IN NIGERIA
ABSTRACT
It is natural and common in human society to have between individuals a kind of dispute that may probably arise. Islamic Law had...
