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 3000
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.
Related Project Materials
OPTIMISING PATIENTS FLOW AND RESOURCES UTILISATION IN THE OUT-PATIENT DEPARTMENT OF A PUBLIC HOSPITAL A CASE STUDY OF YUSUF DANTSOHO MEMORIAL HOPITAL KADUNA
ABSTRACT
Queuing theory as a tool for optimising patients flow and resources utilisation in the female section of the OPD at Yusuf Dantso...
ADDRESSING EQUITY ISSUES IN ACCESS TO VOCATIONAL PROGRAMS
Abstract: This research addresses equity issues in access to vocational programs in Nigeria...
ASSESSMENT OF ADEQUACY OF BUSINESS STUDIES CURRICULUM IMPLEMENTATION ON STUDENTS SKILL ACQUISITION IN SECONDARY SCHOOLS
ABSTRACT
The study was conducted to assess the adequacy of business studies curriculum implementation on students‟ skill acquisition in t...
THE IMPACT OF INSECURITY ON RESIDENTIAL PROPERTY VALUE
BACKGROUND OF THE STUDY
In recent times, there has been a high level of unprecedented insecurity across...
INTEGRATION OF LANDFORM AND CULTURAL DESIGN ELEMENTS IN THE DESIGN OF AN ECO-TOURIST RESORT
ABSTRACT
Eco-tourism the foundation of sustainable tourism development has emerged as catalyst for economic development for developing co...
THE EFFECTS OF COMPUTERIZED ACCOUNTING SYSTEM ON THE PERFORMANCE OF BANKING INDUSTRY IN NIGERIA
ABSTRACT
The research topic of this study is “The Effect of Computerized Accounting System on the Performance of in Banking Industr...
RELATIONSHIP BETWEN PRINCIPALS’ SUPERVISORY BEHAVIOUR AND TEACHERS’ JOB SATISFACTION
ABSTRACT
This study aimed to investigate the relationship between principals’ supervisory behavio...
IMPACT OF TRAINING AND DEVELOPMENT ON THE STAFF EFFICIENCY IN THE PUBLIC SECTOR OF NIGERIA (A CASE STUDY OF IBADAN NORTH LOCAL GOVERNMENT AREA)
ABSTRACT
This study examines impact of training and development on the staff efficiency in the public sector of Nigeria....
DEVELOPING COMPUTER-BASED SYSTEM FOR MAINTENANCE PLANNING AND SCHEDULING OF HOSPITAL BUILDINGS IN NNAMDI AZIKIWE UNIVERSITY TEACHING HOSPITAL NNEWI, ANAMBRA STATE, NIGERIA
Statement of the Problem
Hospitals buildings are confronted with unique challenges that threaten their optimal performance, structurally...
ETHNICITY AND ELECTIONS IN KOGI STATE: AN EXAMINATION OF 2008 AND 2011 GUBERNATORIAL ELECTIONS
ABSTRACT
The objective of this study is to determine the relationship between ethnicity and voting behavior and the extent to which the f...
