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THE EFFECT OF FINANCIAL ACCOUNTING REPORTING ON THE MANAGEMENT OF A BUSINESS (A CASE STUDY OF EMENITE LTD)
ABSTRACT:
Effort is made to access the effect of formal accounting reporting on the management of a business financial accounting covers those activities related to the preparation of certain reports which are known as financial statements. These statements report the financial status of a firm at a particular time. The firms activities and resulting profit/losses during the most recent period and the flow of resources occurring within the firm during the same period. I draw my research from the work of many authors. Such work done have included textbooks in all forms, magazine and Encyclopedias. Apart from extensive use of literature, other method of research include (a) interview with businessmen. (b) Questionnaires have been designed and distributed to some businessmen (especially at trade fair). The questionnaires have been designed for officers in management cadre in public and private companies, shareholders, staff, partners and owners in sole proprietorship
CHAPTER ONE
Introduction 1
Statement of problem 3
Purpose of the study 3
Significant of the study 4
Statement of Hypothesis 5
Scope of the study 6
Limitation of the study 7
Definition of terms. 8
CHAPTER TWO
Review of Related Literature 11
Accounting as a language of business 11
Users of accounting information 13
Characteristics of good information 17
Management of information 19
Basic accounting concept 25
The financial accounting branch 25
Other accounting branches. 27
CHAPTER THREE
Research design and methodology 30
Sources of data 31
Sample Size 32
Method of investigation 32
CHAPTER FOUR
Data presentation and analysis. 36
Data presentation and analysis. 36
Test of hypothesis. 43
CHAPTER FIVE
Summary of findings, conclusion and recommendation. 50
Findings 50
Conclusion 51
Recommendation 53
Bibliography 55
Appendix 57
CHAPTER ONE
INTRODUCTION
Financial accounting covers those activities related to the preparation of certain reports which are known as financial statement. These statements reports the financial status of a firm at a particular time the firms activities and resulting profit or losses during the most recent period and the flow of resources occurring within the firm during the same period.
This statement made by A. THOPSON MONTAOMERY gives us an idea on the meaning of financial accounting. However the question arises what are the efforts of these financial account reports in the management of business? The answer poses a problem which the paper will seek to solve.
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