ABSTRACT

This research study was on the appraisal of financial reporting as a tool to evaluate management performance in Nigeria. It has been observed that many firms in Nigeria run into financial liquidation because of improper financial records and ineffective management. This research work was carried out based on this fact so as to address this problem. Financial reporting has also been essential and effective elements which determine what prospective firms will do with their surplus fund in order to achieve their set objectives or goals. This study examined the effects of management performance on firms and discussed financial reporting in some details. This paper was written with data from primary and secondary source of data which were also discussed. The population of the study is 40 workers from the selected firms. The data collected were analyzed using the descriptive statistics such as mean, frequency, percentage, etc. and the hypotheses were tested using the Pearson Moment Correlation. Then the summary of findings showed that selected firms as well as most firms do not keep proper books of records and financial report which when generally kept, would be useful to many firms or organizations, accountants, managers, and other groups of people who are involved in accounting works and studies so as to engage capable hands, keep proper financial records so as to achieve effective management performance and finally find ways of solving measurement problems.