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1.1 BACKGROUND OF THE STUDY
Financial reports provides an overview of a business profitability
and financial condition in both short and long term. They are necessary sources of accounting information about companies for wide variety of users. In. every business, there, needs information. This information needs ranges from financial, production, marketing etc. Generally, the larger the organization the greater the management need for information. Financial report plays a vital role in decision making process of business organizations. The main purpose of financial repots is the provision of financial information as a record making. It has been said that accounting is the language of business. It might also be said that the ability to apply accounting knowledge is critical to success in business: A business prepares various report at the end of each fiscal period. This report summarizes the changes that have taken place during the period. For this financial report to be useful, the data be presented in such a way that the user will recognize, Similarities, differences and trends form one period to another to enable them make decisions. The accounting information contained in the financial reports enables management to make more inform decisions. Financial report should provide adequate information in all areas of organization and economic activities; it should be able to disclose clearly the nature and accurate accounts of the transactions fun which the true and fair view financial position of the organization can be ascertained.
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SIMILAR ACCOUNTING FINAL YEAR PROJECT RESEARCH TOPICS
1. THE DEVELOPMENTAL ROLES OF FINANCIAL INSTITUTION IN ECONOMIC DEVELOPMENT IN ABIA STATE (A STUDY OF MINISTRY OF ECONOMIC DEVELOPMENT UMUAHIA)» CHAPTER ONE INTRODUCTION 1.1 Background of the Study Economic growth for developing countries has important indications for poverty elimination and wo...Continue Reading »
2. IMPACT OF PUBLIC PROCUREMENT ACT ON THE ACCOUNTABILITY OF PROCUREMENT OFFICERS IN THE PUBLIC SECTORS» CHAPTER ONE INTRODUCTION 1.1 Background to the Study This study intends to shed more light on the impact of public procurement act on the accountabili...Continue Reading »
» ABSTRACT This study focused on rice husk generation and utilization among households in Ebonyi State, Nigeria. The specific objectives were to: descri...Continue Reading »
» Introduction Ordinary Portland Cement (O. P. C): a substance which binds together the particles of aggregates (usually sand and gravel) to form a mass...Continue Reading »
» INTRODUCTION 1.0 BACKGROUND OF THE STUDY In the ancient days, human activities were relatively easy. The difficulties posed by nature then, were consi...Continue Reading »
» ABSTRACT This research work is centered on the impact of Monetary Policy on Balance of Payment in Nigeria with the scope being from 1970 to 2006. The ...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Auditing is an independent examination of an expression of opinion on the financial statement of ...Continue Reading »
8. OWNERSHIP STRUCTURE AND THE INFORMATIVENESS OF ACCOUNTING EARNINGS OF LISTED DEPOSIT MONEY BANKS IN NIGERIA» CHAPTER ONE INTRODUCTION 1.1 Background to the Study Accounting has developed over time as an essential stewardship function, which enables owners of ...Continue Reading »
9. APPRAISAL OF ACCOUNTING SYSTEM IN LOCAL GOVERNMENT COUNCIL (A STUDY OF IBESIKPO ASUTAN LOCAL GOVERNMENT AREA)» CHAPTER ONE PROBLEMS AND ITS SETTINGS 1.1 Introduction Local government is the third tier government in Nigeria; the Nigeria government is made up of ...Continue Reading »
10. MANAGEMENT ACCOUNTING TECHNIQUES: A TOOL FOR DECISION MAKING IN AN ORGANIZATION (A CASE STUDY OF PLASTIC FOOTWEAR INDUSTRY LIMITED, PORT HARCOURT)» CHAPTER ONE INTRODUCTION 1.1 Background of the Study Management accounting techniques for decision making in manufacturing organization is seen as a c...Continue Reading »