Importance Of Accounting Concepts And Convention In Financial Reporting :( A Study Of Nigeria Breweries Plc, Enugu, Enugu State)
ABSTRACT
Every business organization whether in the public or private sector is established to achieve certain objectives. This could be profit maximization as in the case of the private sector or efficient and timely provision of essential services at a reduced price, as in the case of the public sector. The performance of such business organi7ation has to be reported in monetary tenns to the owners of the business. (For example, shareholders in the case of private organization or the government as in the case of public). Accountancy plays a vital role in the stewardship of an organization. Accounting has been defined as the process of recording, classifying, reporting and interpreting the financial data of an organization. While it is important for the accountant to have a sound knowledge of this phase of accounting process, it is often a relatively minor part of his total attention to the management reporting and interpretation of the meaningful implication of the data. (Welgenbad and Dittrich, 1973) Accounting is therefore basically regarded as a language of communication in an organization like every system of communication; its main purpose is to give different types of information to interested persons. Because of this main purpose, accounting forms a major part of the total information system in any entity, be it business or non-business. (Imaga, 1983) However, the following problems are encountered in the process of communicating this information.
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NWANKWOR, F (2021). Importance Of Accounting Concepts And Convention In Financial Reporting :( A Study Of Nigeria Breweries Plc, Enugu, Enugu State). Mouau.afribary.org: Retrieved Nov 25, 2024, from https://repository.mouau.edu.ng/work/view/importance-of-accounting-concepts-and-convention-in-financial-reporting-a-study-of-nigeria-breweries-plc-enugu-enugu-state-7-2
FAITH, NWANKWOR. "Importance Of Accounting Concepts And Convention In Financial Reporting :( A Study Of Nigeria Breweries Plc, Enugu, Enugu State)" Mouau.afribary.org. Mouau.afribary.org, 21 Jun. 2021, https://repository.mouau.edu.ng/work/view/importance-of-accounting-concepts-and-convention-in-financial-reporting-a-study-of-nigeria-breweries-plc-enugu-enugu-state-7-2. Accessed 25 Nov. 2024.
FAITH, NWANKWOR. "Importance Of Accounting Concepts And Convention In Financial Reporting :( A Study Of Nigeria Breweries Plc, Enugu, Enugu State)". Mouau.afribary.org, Mouau.afribary.org, 21 Jun. 2021. Web. 25 Nov. 2024. < https://repository.mouau.edu.ng/work/view/importance-of-accounting-concepts-and-convention-in-financial-reporting-a-study-of-nigeria-breweries-plc-enugu-enugu-state-7-2 >.
FAITH, NWANKWOR. "Importance Of Accounting Concepts And Convention In Financial Reporting :( A Study Of Nigeria Breweries Plc, Enugu, Enugu State)" Mouau.afribary.org (2021). Accessed 25 Nov. 2024. https://repository.mouau.edu.ng/work/view/importance-of-accounting-concepts-and-convention-in-financial-reporting-a-study-of-nigeria-breweries-plc-enugu-enugu-state-7-2