FINANCIAL REPORTING IN NIGERIA, PROBLEM AND SOLUTION (#8470)

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 CONTENTSPAGE                    APPROVAL PAGEDEDICATIONABSTRACTACKNOWLEDGEMENTTABLE OF CONTENTS
CHAPTER ONE1.0  INTRODUCTION         1.2 OBJECTIVE OF FINANCIAL REPORTING1.3 SIGNIFICANT OF FINANCIAL REPORTING1.4 STATEMENT OF PROBLEM1.5 SCOPE AND LIMITATIONS OF THE STUDY1.6 DEFINITION OF TERMS
CHAPTER TWOLITERATURE REVIEW2.1FINANCIAL REPORTING REGULATIONS AND REGULATORS IN NIGERIA 2.2 EMPIRICAL REVIEW2.3 THEORETICAL FRAMEWORK2.4 FINANCIAL REPORTS. ARE THEY NECESSARY2.5 QUALITIES OF FINANCIAL REPORTING2.5.1 RELEVANCE2.5.2 RELIABILITY2.5.3 MATERIALITY2.5.4 COST AND BENEFITS2.6 EFFECT OF POOR FINANCIAL REPORTING IN NIGERIA2.7 ROLE OF ACCOUNTING STANDARDS IN FINANCIAL REPORTING2.7.1 REASONS FOR ACCOUNTING REGULATION AND STANDARDS2.7.2 REASONS FOR CONCERN ABOUT ACCOUNTING STANDARDS2.7.3 EMPIRICAL EVIDENCE ON THE ROLE OF ACCOUNTING STANDARDS IN THE PROCESS OF ENHANCING STANDARDISATION OF FINANCIAL INFORMATION IN NIGERIA2.8 ACCOUNTING STANDARDS IN NIGERIA2.9 INTERNATIONAL FINANCIAL REPORTING STANDARDS2.10 FINANCIAL REPORTING COUNCILREFERENCES
CHAPTER THREE3.0 RESEARCH DESIGN AND METHODOLOGY3.1 POPULATION3.2 INSTRUMENTS OF DATA COLLECTION3.3 RELIABILITY OF INSTRUMENTS USED3.4 METHOD OF ANALYSIS
CHAPTER FOUR4.0 ANALYSIS OF FINDINGS4.1 PROBLEM OF FINANCIAL REPORTING     4.1.1 RELEVANCE AND USEFULNESS4.1.2 RELIABILITY4.1.3 COMPARABILITY AND  CONSISTENCY4.1.4 EXTERNAL ENVIROMENT REGULATIONS4.1.5 REPORTING STANDARDS4.1.6 COMPETITIONS4.1.7 USERS OF FINANCIAL REPORTING4.1.8 AUDITORSREFERENCES
CHAPTER FIVE5.0 RECOMMENDATION AND SOLUTIONS 5.1 REGULATOR5.2 REPORTING STARNDARDS5.3 USERS OF FINANCIAL REPORTS5.4 PEOPLE AND MANAGEMENT5.5 AUDITORSREFERENCE BIBILOGRAPHY