THE EFFECT OF FINANCIAL ACCOUNTING REPORTING IN THE MANAGEMENT OF A BUSINESS.

(A CASE STUDY OF EMENTTE LTD)

• TABLE OF CONTENT

Title page                                                                                         I

Approval                                                                                         ii

Dedication                                                                                            iii

Acknowledgement                                                                            iv

Table of contents                                                                             v

Proposal                                                                                          vi

1.0     INTRODUCTION                                                                  1

1.1     Background of the study                                                                  1

1.2     Statement of the problem                                                       5

1.3     Objective of the study                                                            6

1.4     statement of hypothesis                                                                   7

1.5     Scope of the study                                                                           7

1.6     Significant of the study                                                          8

1.7     Definition of terms                                                                 8

1.8     Limitation of the study                                                           9

2.0     LITERATURE REVIEW                                                       10

2.1     Accounting as a language of business                                              10

2.2     Users of accounting information                                            15

2.3     characteristic of Good information                                         17

2.4     Management of information                                                   20

2.5            Basic Accounting concepts                                                      21

2.6            The financial accounting branch                                                      26

2.7            Other accounting branches                                                     32

3.0     RESEARCH DESGIN AND METHODOLOGY                             44

3.1     The research design                                                                44

3.2     Areas of the study                                                                  44

3.3            Population of the study                                                                   44

3.4            Sample and sampling technique                                             45

3.5            Instrument for data collection                                                45

3.6            Validity of the instrument                                                      46

3.7            Reliability of the instrument                                                   46

3.8            Method of data administration                                                        47

3.9            Method of data analysis                                                                   47

4.0     DATE PRESENTATION AND ANALYSIS                          48

4.1     Data Presentation and analysis                                                       48

4.2     Test Of Hypothesis                                                                53

5.0     SUMMARY OF FINDING CONCLUSION AND RECOMMENDATION                                                                            56

5.1     Finding                                                                                   56

5.2     Conclusion                                                                             59

5.3     Recommendation                                                                    60

Reference

This project work will help in studying the effect of financial accounting reporting on  the  management  of a business with particular reference to Emanate Ltd.

Data will  be sources through questionnaire interview and other related literature will be reviewed the tool  of data analysis that will be used is chi square and percentage frequency 

In carrying out the research there will be limitation s. the constant that will be encountered are as follows:

Time constraint timer apportioned for this study is not enough or the researcher to seek for all the needed information

Financial constraint: Due to limitation by the scarcity of fund all the data to be used will be collected in Enugu state.

Lack of co-operation – The worker usually of co-operate with the researcher during interview.

In conclusion therefore the research will suggest that financial accounting reporting will help a business in profit planning. 

1.0            INTRODUCTION 

1.1            BACKGROUND OF THE STUDY

This project is one that studies the effect of finical accounting reporting  of the management of a business. Financial accounting covers those activities that relates to the preparation  of certain reports  which  are known as  financial statement

These statement report the financial status of a firm at a particular time.

The practice of accounting stated since organized life evolved. The early man lived in caves from where he developed into living in communities. Later arose the concept of  specialization. That is each person  went  about doing those   activities  of life for which he was most  gifted. This gave rise to individuals producing certain goods in quantities in excess of what they needed while there were other goods which they need but they did not produce them selves the result was exchange. the first system of exchange was by barter. Later money evolved and replaced barter.

During the stage of barter   recording were done but only the quantities of good exchanged   were recorded. For example in things fall apart,  used white marks drawn on the  walls as record of his indebtedness to others. However as soon as money  evolved all recording were done  in  montary terms.  Another perspective worthy of note about the history of accounting is the impact of the different stage of organized business on accounting. At the stage of specialized in using their skills in creaft and developed the quid system. Here the job was done by one man at most with the aid of members of his family. The guilds system grew and outsiders were employed to work for the owner.

The industrial revolution expanded thee output and gave rise to the factory system of working. As the size of these factories grew it became impossible for one person to set up a factory alone. This gave rise to partnership and of course the joint stock companies. The joint stock act of 1844 is a very important landmark in  the evolution of accounting. It marked the evolution of accounting. It marked the beginning of auditing.

The result of this act is what is known to day as limited liability or public limited liability companies.

The essential feature of the limited liability companies is that ownership is separate from management. Large numbers of owner (shareholder) across the