Impact Of Accounting Information On The Efficiency And Effectiveness Of Corporate Entities In Nigeria (A Study Of Selected Corporate Entities In Aba, Abia State)

UGOALA GEORGE L. | 67 pages (11318 words) | Projects

ABSTARCT

This research focused on the "IMPACT OF ACCOUNTING INFORMATION ON THE EFFICIENCY AND EFFECTIVENESS OF CORPORATE ENTITIES" It used primary and secondary data. The primary data were collected through the administration of structured questionnaire on the accounting and audit staff of the selected companies while the secondary data were obtained through the review of related literature. The data obtained from the field survey were analyzed in tables with percentage to show the degree of responses. Two hypotheses were formulated and tested using the normal distribution. The major findings were that there is significant time lag between the statutory time of six month for the preparation, audit and tax return and when the companies studied prepare their financial statements, the guideline for the preparation of financial statements as stipulated in the Company and Allied Matters Act 1990 and the Statement of Accounting Standards are followed, the preparation of financial statement affects the effectiveness of companies and the main motivation for the preparation of financial statement are to provide information for internal decision making, to meet statutory requirements and to obtain tax clearance certificates when needed. Based on the findings, recommendations of, a stipulated penalty for not filing financial statements both at the ,tax office and Corporate Affairs Commission should he enforced. This will make companies to produce their financial statements in time for the users, companies should ensure that all the guidelines for the preparation of financial statements both by CAMA and statement of Accounting Standards are followed and Companies should engage qualified accountants who know the requirements how and when to meet them were made.

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APA

UGOALA, L (2021). Impact Of Accounting Information On The Efficiency And Effectiveness Of Corporate Entities In Nigeria (A Study Of Selected Corporate Entities In Aba, Abia State) . Mouau.afribary.org: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-accounting-information-on-the-efficiency-and-effectiveness-of-corporate-entities-in-nigeria-a-study-of-selected-corporate-entities-in-aba-abia-state-7-2

MLA 8th

L., UGOALA. "Impact Of Accounting Information On The Efficiency And Effectiveness Of Corporate Entities In Nigeria (A Study Of Selected Corporate Entities In Aba, Abia State) " Mouau.afribary.org. Mouau.afribary.org, 06 Jul. 2021, https://repository.mouau.edu.ng/work/view/impact-of-accounting-information-on-the-efficiency-and-effectiveness-of-corporate-entities-in-nigeria-a-study-of-selected-corporate-entities-in-aba-abia-state-7-2. Accessed 26 Nov. 2024.

MLA7

L., UGOALA. "Impact Of Accounting Information On The Efficiency And Effectiveness Of Corporate Entities In Nigeria (A Study Of Selected Corporate Entities In Aba, Abia State) ". Mouau.afribary.org, Mouau.afribary.org, 06 Jul. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-accounting-information-on-the-efficiency-and-effectiveness-of-corporate-entities-in-nigeria-a-study-of-selected-corporate-entities-in-aba-abia-state-7-2 >.

Chicago

L., UGOALA. "Impact Of Accounting Information On The Efficiency And Effectiveness Of Corporate Entities In Nigeria (A Study Of Selected Corporate Entities In Aba, Abia State) " Mouau.afribary.org (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-accounting-information-on-the-efficiency-and-effectiveness-of-corporate-entities-in-nigeria-a-study-of-selected-corporate-entities-in-aba-abia-state-7-2

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