QUALITY OF FINANCIAL REPORT ON THE CORPORATE PERFORMANCE BUSINESS ORGANIZATIONS: A STUDY OF NIGERIA BREWERIES PLC


QUALITY OF FINANCIAL REPORT ON THE CORPORATE PERFORMANCE BUSINESS ORGANIZATIONS: A STUDY OF NIGERIA BREWERIES PLC

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QUALITY OF FINANCIAL REPORT ON THE CORPORATE PERFORMANCE BUSINESS ORGANIZATIONS: A STUDY OF NIGERIA BREWERIES PLC

CHAPTER ONE

INTRODUCTION

1.1 Background of the Study

In recent time, financial report on the corporate performance of business organization has been increasing due to increase in need and desire of people. This increase is also attributable to the present economic situation in the country, which prevent people from going into large-scale business. Financial reporting is the field of accounting is concerned with the summary, analysis and reporting of financial transactions and interpretation, and recording etc. pertaining to a business. This involves the preparation of financial statements available for public consumption. Stockholders, suppliers, banks, employees, government agencies, business owners, and other stakeholders are examples of people interested in receiving such information for decision making purposes. Financial report are prepared detailing information about the business operations since there are many users of accounting information such as Government, Bankers, Auditors, Other organizations, individual stockholders and many stakeholders, it becomes imperative to render such financial report in order to assist those who are not accountants. So many stakeholders use accounting information to make decisions whether to buy shares or sell them. The above provides useful guide if such financial statements are decoded for understand ability and decision making. Financial reporting is governed by both local and international accounting standards. Generally Accepted Accounting Principles (GAAP) is the standard framework of guidelines for financial reporting used in any given jurisdiction. It includes the standards, conventions and rules that accountants follow in the preparation of financial statements. On the other hand, International Financial Reporting Standards (IFRS) is a set of relevant accounting standards stating how particular types of transactions and other events should be reported. International Financial Reporting Standard (IFRS) are issued by the International Accounting Standards Board (IASB). With IFRS becoming more widespread on the international scene; consistency in financial reporting has become more prevalent between global organizations. While financial accounting is used to prepare accounting information for people outside the organization or not involved in the day-to-day running of the company, managerial accounting provides accounting information to help managers make decisions to manage the business. Quality of financial report on the corporate performance of business organizations is becoming more apparent to users, of financial statement. Accounting is not an exact science neither a business operation without some subjective and judgmental errors when it comes to reporting them. Financial reporting is a specialized branched of accounting that keeps track of a company’s financial transactions. Using standardized guidelines, the transaction are recorded, summarized and presented in a financial report on financial statement such as an income statement or statement of financial position. It’s important to point out that the purpose of financial reporting is not to report the value of a company. Rather, its purpose is to provide enough information for others to assess the value of a company for themselves, financial reporting information is characterized by the following; relevance; understandability; reliability; completeness; objectivity and timeliness. Financial information of an organization is to contain the information requires to prepare a financial report which shall have the above characteristics then the transaction doing the period must be recorded promptly and accurately and interpreted in conformity with the Generally Accepted Accounting Principles (GAAP), National Accounting Standard Board (NASB), international Accounting Standard Committee and the Companies and Allied Matters Act (CAMA).Financial reporting becomes necessary with the obvious need for accounting of stewardship from which investors entrusted their financial resources.


1.2 Statement of the Problem

The study “Quality of financial report on the corporate performance of business organizations” aims to investigating the financial information of selected company in Nigeria with a view to determining the following;

a. The extent to which financial report contributes to corporate performances.

b. The extent to which the financial report of business organization comply with statutory provisions

c. The uniformity and conflict which exist in the financial reporting regulation given the multiplicity of regulators.


1.3 Objectives of the Study

The main objective of the study is to examine quality financial reporting on corporate performance of business organization. Specifically, the study seeks to:

  1. ascertain the effect of relevance of financial reporting on return on investment of business organization
  2. investigate the effect of timelines of financial reporting on the return on investment of business organization.
  3. examine the effect of reliability of financial reporting on return on investment of business organization

  4. 1.4 Research Questions
  5. The following research questions were formulated for the study
  6. What is the effect of relevance of financial reporting on return on investment of business organization?
  7. To what extent does timelines of financial reporting affect the return on investment of business organization?
  8. To what extent does reliability of financial reporting affect return on investment of business organization?

  9. 1.5 Research Hypotheses
  10. The following null and alternating hypothesis shall be tested in the course of this research work.
  11. H01: Relevance of financial reporting does not have significant effect on the return on investment of business organization
  12. H02: Timeliness of financial reporting does not have significant effect on the return on investment of business organization
  13. H03: Reliability of financial reporting does not have significant effect on the return on investment of business organization

QUALITY OF FINANCIAL REPORT ON THE CORPORATE PERFORMANCE BUSINESS ORGANIZATIONS: A STUDY OF NIGERIA BREWERIES PLC

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A Research proposal for quality of financial report on the corporate performance business organizations: a study of nigeria breweries plc:
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In recent time, financial report on the corporate performance of business organization has been increasing due to increase in need and desire of people. This increase is also attributable to the present economic situation in the country, which prevent people from going into large-scale business. Financial reporting is the field of accounting is concerned with the summary, analysis and reporting of financial transactions and interpretation, and recording etc. pertaining to a business. This involves the preparation of financial statements available for public consumption. Stockholders, suppliers, banks, employees, government agencies, business owners, and other stakeholders are examples of people interested in receiving such information for decision making purposes. Financial report are prepared detailing information about the business operations since there are many users of accounting information such as Government, Bankers, Auditors, Other organizations, individual stockholders and many stakeholders, it becomes imperative to render such financial report in order to assist those who are not accountants. So many stakeholders use accounting information to make decisions whether to buy shares or sell them. The above provides useful guide if such financial statements are decoded for understand ability and decision making. Financial reporting is governed by both local and international accounting standards. Generally Accepted Accounting Principles (GAAP) is the standard framework .. accounting project topics

QUALITY OF FINANCIAL REPORT ON THE CORPORATE PERFORMANCE BUSINESS ORGANIZATIONS: A STUDY OF NIGERIA BREWERIES PLC

Project Information

  • CATEGORY : ACCOUNTING
  • TYPE : PROJECT MATERIAL
  • FORMAT : MICROSOFT WORD
  • ATTRIBUTE : Documentation Only
  • PAGES : 70 Pages
  • CHAPTERS : 1 - 5
  • PRICE : ₦ 3,000.00

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