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
HOW MOVIE TRAILERS, MOVIE REVIEWS AND MOVIE CASTS INFLUENCE STUDENTS TO WATCH MOVIES
Statement of problem
There are many reasons why people watch movies. What this research paper aims to find out is...
Examining the structure of the KTH web
Abstract
This thesis studies the characteristics of the network structure extracted from the public KTH web. The network structure was ex...
EVALUATION OF THE ROLE OF HEALTH EDUCATION IN THE PREVENTION AND CONTROL OF ENTERIC FEVER IN WAILO COMMUNITY OF GANJUWA LGA OF BAUCHI STATE
Background of the study
Enteric fever, a collective term encompassing both typhoid and paratyphoid feve...
IMPACT OF RUNWAY CAPACITY ON FLIGHT EFFICIENCY AND DELAY
Abstract
Congestion and delay at the airport are used in measuring the performance indicator (PI) of an...
THE EFFECT OF EXTERNAL DEBT ON THE NIGERIA ECONOMY
ABSTRACT
This study is meant to examine the effect of external debt on gross domestic product using econometric analysis. The research re...
EFFECT OF COMPUTERISATION OF LIBRARY ON STUDENTS ACADEMIC PERFORMANCE
ABSTRACT
The main aim of this study dwells on the effect of computerization of library on students&rsqu...
The Importance of Play-Based Learning in Early Childhood Education
Abstract
This study investigates the impact of play-based learning on early childhood education, focusing on cognitive development, socia...
STUDY OF THE IMPLICATIONS OF OFFICE TECHNOLOGIES IN SECRETARIAL EDUCATION CURRICULUM IN NIGERIA POLYTECHNICS
Abstract
This study was carried out to discover the possible implications posed by the office Technologies in Secretari...
OHU AND AMADI COMMUNAL COMPLEX IN NKANULAND- IMPLICATIONS FOR EFFECTIVE CHRISTIAN EVANGELISM
Introduction
The interest of linguists in analysing conversational texts has gradually shifted from the traditional focu...
THE CONTRIBUTION OF AGRICULTURAL INSURANCE TO THE NIGERIA ECONOMY
Abstract
The agricultural sector, as importance as it is exposed to extremely high degree of disk arising out of n...
