0704-883-0675     |      dataprojectng@gmail.com

ROLE OF ACCOUNTING CONCEPTS AND CONVENTION IN FINANCIAL REPORTING

  • Project Research
  • 1-5 Chapters
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: APA
  • Recommended for : Student Researchers
  • NGN 5000

​​​​​​​STATEMENT OF THE PROBLEMS

The following problems are encountered in the process of communicating information.

  • They will be problem of having more meaningful and reliable financial report.

  • It will lead to misunderstanding of how transactions are accounted for.

  • There will be problem of having useful information for making economic decision.

  • It can lead to conflict of interest among the various users of financial statements, if their information needs do not tally.

To this end, the problem of the study is that most accountants do not use accounting concepts and conventions properly in the preparation of financial statement.

1.3 THE OBJECTIVE OF THE STUDY

The importance of accounting concepts and conventions in the preparation of financial statement could be seen in the assessment of financial viability of an organization. The accountant prepares the financial statement of most organization. Accounting concepts and conventions help the accountant in giving relevant financial report to the management of any organization as regards financial report to the management of any organization. In order to demonstrate the role of accounting concepts and convention producing a viable financial report of any going concern, the following objectives are set out in this study:-

  • To determine whether accounting concepts and conventions serve as a guide in the preparation of financial statement.

  • To ascertain if accounting concepts and conventions assist the provision of useful information for making economic decision.

  • To determine whether accounting concepts and convention help in the understanding of how transactions are accounted for.

  • To determine whether accounting concepts and conventions make financial reports more meaningful and reliable.




FIND OTHER RELATED TOPICS


Related Project Materials

A Study of the Influence of Training and Development on Organizational Culture in Airtel Nigeria, Kwara State

Background of the Study

Training and development are essential for shaping organizational culture by en...

Read more
PARTY SYSTEM AND NIGERIA

Background of the Study

The development of political parties in Nigeria dates back to the days of the struggle for polit...

Read more
ANALYZING THE POLITICAL IMPACT OF THE ENDBADGOVERNANCE PROTESTS ON UPCOMING ELECTIONS IN NIGERIA

ANALYZING THE POLITICAL IMPACT OF THE ENDBADGOVERNANCE PRO...

Read more
SMALL-SCALE BUSINESS AND DEVELOPMENT OF SOCIETY

ABSTRACT

The focus of this study is to examine small-scale business and development of society using Abak local governme...

Read more
A Critical Analysis of Business Process Reengineering in Improving Operational Efficiency: A Case Study of Logistics Companies in Taraba State

Background of the Study

Business Process Reengineering (BPR) involves the radical rede...

Read more
Optimization of Quantum Machine Learning for Disease Prediction in Ahmadu Bello University Teaching Hospital, Kaduna State

Background of the Study
Machine learning (ML) techniques are widely used in the medical field for disease prediction, diagn...

Read more
The Impact of Breakfast Skipping on Academic Performance Among Secondary School Students in Kaduna State

Background of the Study

Breakfast is widely regarded as the most important meal of the day, providing e...

Read more
THE ROLE OF EARLY CHILDHOOD EDUCATION IN CULTURAL IDENTITY

ABSTRACT: The role of early childhood education in cultural identity forma...

Read more
An Assessment of Nurses’ Knowledge and Attitude Towards Hepatitis B Prevention at Ahmadu Bello University Teaching Hospital, Zaria

Background of the Study

Hepatitis B virus (HBV) is a serious global health concern, causing chronic l...

Read more
An appraisal of the impact of sand mining on river ecosystem in Numan Local Government Area, Adamawa State

Background of the Study

Sand mining has become a widespread practice in various regions of Nigeria, including the Numan Local Government...

Read more
Share this page with your friends




whatsapp