Get the complete project »
- The Complete Research Material is averagely 87 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦7,000
CHAPTER ONE INTRODUCTION
1.1 Background to the Study
Accounting standards have changed greatly over the past decades with regard to the consistently
increasing emphasis placed on measurement of assets base on fair valuation and pressing need
for harmonization. However, in order to address the need of various users of financial
information, locally formulated standards limit the ability to undertake cross boarder
comparison. Therefore, the need for harmonizing of global financial accounting increased. The
journey for the international harmonization toward a unique and global set of accounting
standards started in 1973 when 16 professional accounting bodies agree to form the International
Accounting Standard Committee (IASC).
The rationale behind the formation of the Committee was to produce and issue the International
Accounting Standards (IAS) which came out of necessity to encourage growth in trade and
investment between countries around the globe. The Committee was reorganized in 2001 to
become International accounting Standard Board (IASB) which develops and issues International
Financial Reporting Standards (IFRSs). Consensus has been reached that quality of accounting
reporting is paramount to the information users for various decisions making purposes. IFRSs are
increasingly becoming more acceptable set of regulations followed by many countries. In an
effort to increase comparability, European Union mandated the adoption of IFRS to all its public
entities in 2005. It is reported that more than 130 countries conformed to IFRSs as domestic
reporting standards with 90 countries fully adopted (PWC, 2016).
Prior to international financial reporting standards, different countries develop their own
standards locally and also to a certain extent adopt or adapt that of the other countries. In
Nigeria, National Accounting Standard Board (NASB) develop and issue Statements of
Accounting Standards (SAS) which are popularly known as Generally Accepted Accounting
Principles (GAAP). These standards cut across various aspect of accounting activities such as
recognition, measurements, and reporting of accounting transactions of various form of business
activities. Therefore, SAS play a vital role in regulating the activities of accounting locallydue to
the fact that financial reporting practicebefore IFRS depend on legal, economic, cultural and
historical background of any country.
You either get what you want or your money back. T&C Apply
You can find more project topics easily, just search
SIMILAR ACCOUNTING FINAL YEAR PROJECT RESEARCH TOPICS
1. RISK MANAGEMENT IN ACHIEVEMENT OF AN ORGANIZATIONS GOALS AND OBJECTIVE NIGERIA (A CASE STUDY OF UNION BANK)» ...Continue Reading »
2. EVALUATION OF FRAUD CONTROL MEASURES IN THE NIGERIAN BANKING SECTOR (A CASE STUDY OF CENTRAL BANK OF NIGERIA, KADUNA BRANCH)» CHAPTER ONE 1.0 Introduction Fraud is an intentional deception made for personal gain or to damage another individual. Fraud is a crime and a civil la...Continue Reading »
3. MANAGEMENT ACCOUNTING AND ITS APPLICATION TO ORGANISATIONAL, PLANNING, CONTROL AND DECISION MAKING (CASE STUDY OF NIGERIA BREWERIES PLC.)» ABSTRACT The main thrust of this study is to examine the application of management accounting and its application to organisational, planning, control...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1Background of the study According to Fadzil et al (2005), the technology revolution in accounting and auditing began in th...Continue Reading »
5. IMPACT OF BUDGET AND BUDGETARY CONTROL TECHNIQUES IN AN ORGANIZATION (A CASE STUDY OF MINISTRY OF FINANCE, UYO)» ABSTRACT The sole aim of this study is to investigate into the uses of budget and budgetary control techniques in Ministry of Finance, Uyo. This study...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The issue of fraud, money laundering and other corrupt practices in business and government organ...Continue Reading »
7. THE IMPACT OF AUDITING IN CONTROLLING FRAUD AND OTHER FINANCIAL IRREGULARITIES (A CASE STUDY OF FIRST BANK NIG. PLC, AKPAKPAVA, BENIN CITY)» ABSTRACT The objective of this project is to determine whether the board should expand what auditors report to financial statement uses, that is, whet...Continue Reading »
8. INVENTORY CONTROL AS AN EFFECTIVE TOOL FOR COST CONTROL IN AN ORGANISATION (A CASE STUDY OF CADBURY NIGERIA PLC).» ABSTRACTThe topic of this research work is inventory control as an effective tool for cost control in an organization using Cadbury Nigeria plc as a c...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 Background to the Study Natural resource conflicts are pervasive in Africa, and the West African sub region is not an exc...Continue Reading »
10. IMPACT OF FINANCIAL ACCOUNTING REPORTING ON THE CORPORATE PERFORMANCE OF BUSINESS ORGANIZATION (A CASE STUDY OF NIGERIAN BREWERIES PLC)» ABSTRACT The research work “The impact of Financial Accounting Reporting on the corporate performance of Business Organization”, basically...Continue Reading »