ABSTRACT 

The research work “The impact of Financial Accounting Reporting on the 

corporate performance of Business Organizations”, basically aims at 

ascertaining how financial accounting reporting has helped in advancing 

the objectives of corporate organizations. In the process, it investigated the 

effected that financial accounting bear on the performance of a business. 

Furthermore, if sought to ascertain the compliance of relevant statues by 

corporate organizations and the overall satisfaction of stakeholders in a 

corporate organizations. The study obtained its data basically from primary 

and secondary sources. The primary sources of data collection employed 

were questionnaire, oral interview and observations, while the secondary 

sources of data included textbooks, journals. in the analysis of the data 

collected, the chi-square was used to analyze the responses gathered. The 

study revealed that a loot of problems were inherent in financial reporting 

ranging from non-disclosure of vital information, subjective judgments of 

prepares of the financial information and most times non-compliance to 

relevant statues. There were recommendations given such as strict 

compliance to the relevant statute were made to the companies, the 

government needs to strengthen its regulatory agencies in order to ensure 

that the financial statements show a “true and fair view and comply with the 

relevant statues at all times.      

TABLE OF CONTENTS 

Title page ----------------------------------------------------------------------  ii 

Certification: ----------------------------------------------------------------- -- iii 

Dedication: ---------------------------------------------------------------------- iv 

Acknowledgment: ------------------------------------------------------------- -v 

Abstract: ---------------------------------------------------------------------------vi 

Table of contents: --------------------------------------------------------------vii 

CHAPTER ONE: INTRODUCTION 

1.1 Background of The Study: ---------------------------------------------1 

1.2 Statement of The Problem: -------------------------------------------- 3 

1.3 Objective of The Study: ------------------------------------------------ -4 

1.4 Research Hypotheses: -------------------------------------------------- 6 

1.5 Significance of The Study: ----------------------------------------------7 

1.6 Scope of The Study : ----------------------------------------------------- 8 

1.7 Limitation of The Study: ---------------------------------------------------8 

1.8 Definition of Terms: --------------------------------------------------------- 9 

1.9 reference: ------------------------------------------ --------------------------10 

CHAPTER TWO: REVIEW OF RELATED LITERATURE 

2.1 Overview of the financial Accounting System: -----------------------11 

2.2 Financial Accounting Records: -------------------------------------------11 

2.3  The Subsidiary Books the General Journal (proper) ----------------12 

2.4  Source Document: -----------------------------------------------------------17 

2.5 The Ledgers: ------------------------------------------------------------------- 19 

2.6 Classification of Accounts: ---------------------------------------------------19 

2.7 The Trial Balance: --------------------------------------------------------------20 

2.8 The Trading Profit and Loss Account: -------------------------------------20 

2.9 The Balance Sheet: ------------------------------------------------------------21 

2.10 Principles and Assumption Underlying Financial Standards: --------21 

2.11 Accounting Standards: --------------------------------------------------------28 

2.12 Controversial Issue in Financial Accounting Reporting: --------------31 

2.13 Cross Sectional Analysis of Selected Companies in Enugu State: -36 

2.14 Brief History of the Companies: ---------------------------------------------36 

References: ---------------------------------------------------------------------------- 45 

CHAPTER THREE: RESEARCH DESIGN AND METHODOLOGY    

3.1 Research Design: --------------------------------------------------------------47 

3.2 Sources of Data: --------------------------------------------------------------- 48 

3.3 Method of Data Collection: ---------------------------------------------------50 

3.4 Determination of Population Size: -------------------------------------------51 

3.5  Determination of Sample Size: -----------------------------------------------51 

3.6 Method of Administration and Questionnaire: -----------------------------52 

3.7 Method of Date Analysis: ------------------------------------------------------ 53 

3.8 Decision Rule: ---------------------------------------------------------------------54 

Reference: --------------------------------------------------------------------------------56 

CHAPTER FOUR: DATA PRESENTATION, ANALYSIS AND 

INTERPRETATION 

4.1 Date Presentation: ---------------------------------------------------------------57 

4.2 Data Analysis: -------------------------------------------------------------------- 58 

4.3 Hypothesis Testing: -------------------------------------------------------------69 

CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND 

RECOMMENDATIONS 

5.1 Summary of Findings: ---------------------------------------------------------- 84 

5.2 Conclusion: ------------------------------------------------------------------------85 

5.3 Recommendation: ----------------------------------------------------------------86 

 Bibliography:-------------------------------------------------------------------- ---87  

Appendices: -----------------------------------------------------------------------89