ABSTRACT
The evaluation of accounting standard
and conventions on financial statements, contents and uses occupies a very
pivotal position in business activities in Nigeria and elsewhere. This
necessitated the research of this nature because users of financial reports are
in dare need of information to guide them in planning and decision making for
sustainable business breakthrough. In conducting this research data was
collected from both primary and secondary sources using questionnaire, personal
interview and survey as tools. Moreso, the researcher employs the simple
percentage and the chi-square statistical instruments to analyse the data and to
test the truthfulness of the hypothesis. A population of 600 persons was used.
Taro Yamane statistical instrument employed to determine the sample size. This
gave 240 persons. It was discovered after all that accounting reports are quite
indispensable to business practices in Nigeria. However, reckless practices
among practitioners (Accountants) and non compliance to standards over the
years brought about lingering economic and financial crisis of our time. One of
the recommendations is that businesses should look for professional accountants
who have integrity to handle their affairs. Another recommendation is that
appropriate and timely regulatory reforms should be on hand to take care of
financial and economic indices arising with change.
AMUZIE, R (2021). The Evaluation Of Accounting Standards And Conventions On The Financial Statement Contents And Uses. Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/the-evaluation-of-accounting-standards-and-conventions-on-the-financial-statement-contents-and-uses-7-2
RICHARD, AMUZIE. "The Evaluation Of Accounting Standards And Conventions On The Financial Statement Contents And Uses" Mouau.afribary.org. Mouau.afribary.org, 06 Jul. 2021, https://repository.mouau.edu.ng/work/view/the-evaluation-of-accounting-standards-and-conventions-on-the-financial-statement-contents-and-uses-7-2. Accessed 01 Nov. 2024.
RICHARD, AMUZIE. "The Evaluation Of Accounting Standards And Conventions On The Financial Statement Contents And Uses". Mouau.afribary.org, Mouau.afribary.org, 06 Jul. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/the-evaluation-of-accounting-standards-and-conventions-on-the-financial-statement-contents-and-uses-7-2 >.
RICHARD, AMUZIE. "The Evaluation Of Accounting Standards And Conventions On The Financial Statement Contents And Uses" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/the-evaluation-of-accounting-standards-and-conventions-on-the-financial-statement-contents-and-uses-7-2