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
IMPACT OF MICROLEARNING ON ADULT EDUCATION
Abstract: This research examines the impact of microlearning on adult education, focusing on the effectiveness of short, focused learning sess...
TEACHERS’ MOTIVATION AS A TOOL FOR EFFECTIVE SECONDARY SCHOOL ADMINISTRATION
ABSTRACT
Motivation represents an employee’s desire and commitment, which is manifested as job performance. That...
PRODUCTION OF DISINFECTANT
ABSTRACT
Disinfectants are antimicrobial agents that are applied to non-living objects to destroy micro-organisms that a...
EFFECTIVE TRAINING AS A TOOL FOR IMPROVING BUILDING SERVICES IN ENGINEERING PRACTICE
ABSTRACT
It has being observed over time that there are problems associated with the quality of designs and execution of jobs within the...
THE ROLE OF FUND ACCOUNTANTS IN INVESTMENT RISK ASSESSMENT
ABSTRACT
THE ROLE OF FUND ACCOUNTANTS IN INVESTMENT RISK ASSESSMENT is the focus of this study, with objectives to examine their responsi...
THE INFLUENCE OF BUDGETARY CONTROL ON ORGANIZATIONAL EFFICIENCY
THE INFLUENCE OF BUDGETARY CONTROL ON ORGANIZATIONAL EFFICIENCY
This study aims to: (1) explore the impact of budgetary control systems o...
THE ROLE OF NEWSPAPER VENDOR IN THE NEWSPAPER PROCESS
ABSTRACT
Newspapers are not only mere sources of information, but also an essential store house of information. This pap...
AN INVESTIGATION INTO PUBLIC PERCEPTION OF WOMEN OBJECTIFICATION IN NIGERIAN MUSIC VIDEOS
EXCERPT FROM THE STUDY
Nigeria’s entertainment media may be attempting to sustain primordial patriarchal cultural practices that pe...
IMPACT OF TEACHERS’ DIRECT AND INDIRECT WRITTEN FEEDBACK ON THE PERFORMANCE OF SENIOR SECONDARY STUDENTS’ GRAMMATICAL COMPONENT OF WRITING IN FAGGE LGA, KANO STATE
ABSTRACT
This research work examined the impact of teachers’ direct and indirect coded written feedback on the performance of senio...
INFLUENCE OF ACHIEVEMENT MOTIVATION AND DEMOGRAPHIC CHARACTERISTICS ON ACADEMIC PERFORMANCE OF NOMADIC FULANI GIRLS IN ADAMAWA STATE
ABSTRACT
The present study was designed to determine the influence of achievement motivation and demographic characteristics on academic...
