FINANCIAL REPORTING IN NIGERIA, PROBLEM AND SOLUTION

ABSTRACT The unprecedented master influx of financial reporting in the country party as a result of deregulation policies occasioned by sometimes government intervention has aroused the curiosity of writers to carry out study of this nature. This reporting apparently act as a fool for management decision. The problem does not lie on management decision per se but the financial market in general and public users as a whole.
Thus the cord of this study is to find among other things need, avenue to get financial report, the likely, problem and their root cause eventual findings and analyses of research work, recommendations and possible solutions as regard to proper financial reporting in Nigeria The study follows the chronological order of first introducing the study, coupled with its evolution, objective, significance and likely problems to resolve elaborating on the scope of study and definitions of some teams used in the study. In the literature review of the study, the researchers try to extract the salient quality of the study. In carrying out the research, the researcher made used of personal interview, observation and collection of related literature in obtaining their information. Furthermore, analyses their finding, citing problems, their root cause, and the users of the financial reporting the regulatory bodies. Finally, in recognition of the obvious of the fact, the reveals as regard to the analyzed work recommendations were made and possible solutions suggested.
TABLE OF CONTENTS
PAGE                     …………      i APPROVAL PAGE…………ii DEDICATION…………iii ABSTRACT…………iv ACKNOWLEGEMENT…………v TABLE OF CONTENTS…………vi
CHAPTER ONE    INTRUDUCTION         …………1 1.2OBJECTIVE OF FINANCIAL REPORTING…3 1.3SIGNIFICANT OF FINANCIAL REPORTING…5 1.4STATEMENT OF PROBLEM……6 1.5SCOPE AND LIMITATIONS OF THE STUDY…8 1.6DEFINITION OF TERMS……8
CHAPTER TWO 0:LITERATURE REVIEW………12 :1QUALITIES OF FINANCIAL REPORTING…12 2:2RELEVANCE………13 2:3RELIABILITY………14 2:4MATERIALITY………14 2:5COST AND BENEFITS…….… 16 2:6REFERENCES………17
CHAPTER THREE 3:0RESEARCH DESIGN AND METHODOLOGY…18 3:1POPULATION………18 3:2INSTRUMENTS OF DATA COLLECTION…20 3:3RELIABILITY OF INSTRUMENTS USED…21 3:4METHOD OF ANALYSIS………
CHAPTER FOUR 4:0ANALYSIS OF FINDINGS…      ……23 4:1PROBLEM OF FINANCIAL REPORTING     ……23 4:2RELEVANCE AND USEFULLNESS…     24 4:3RELIABILITY,………27 4:4COMPARABILITY AND CONSISTENCY……29 4:5EXTERNAL ENVIROMENT REGULATION……31 4:6REPORTING DTANDARDS………33 4:7COMPETITION………35 4:8USEDS OF FINANCIAL REPORTING……37 4:9AUDITORS………39 4:10REFERENCES………40
CHAPTER FIVE 5:0RECOMMENDATION AND SOLUTIONS ……42 5:1REGULATOR………42 5:2REPORTING STARNDARDS………43 5:3USERS OF FINANCIAL REPORTS……44 5:4PEPOLE AND MANAGEMENT……44 5:5AUDITORS………45 5:6REFERENCE BIBILOGRAPHY……47