Impact Of Accounting Information On The Efficiency And Effectiveness Of Corporate Entities In Nigeria (A Study Of Selected Corporate Entities In Abia State)
ABSTRACT
This research focused on the
"IMPACT OF ACCOUNTING INFORMATION ON THE EFFICIENCY AND EFFECTIVENESS OF
CORPORATE ENTITIES" used both primary and secondary data. The primary data
were collected through the administration of structured questionnaire on the accounting
and audit staff of the selected companies while the secondary data were
obtained through the review of related literature. The data obtained from the
field survey were analyzed using tables with percentage to show the degree of
responses. Three hypotheses were formulated and tested using the normal
distribution. The ma] or findings were that there is a significant time lag
between the statutory time of six month for the preparation, audit and tax
return and when companies studied prepare their financial statements, the
guideline for the preparation of financial statements as stipulated in the
Company and Allied Matters Act 1990, and International Financial Reporting
Standards are followed, the preparation of financial statement affects the
effectiveness of companies, to meet the needs of users in making timely
decision and to meet statutory requirements. Based on the findings,
recommendations of, stiffer penalty for not filing financial statements both at
the tax office and Corporate Affairs Commission should be enforced. This will
make companies to produce their financial statements in time for the users;
companies should ensure that all the guidelines for the preparation of
financial statements both by CAMA and International Financial Reporting Standards
are followed.
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NNAMANI, V (2021). Impact Of Accounting Information On The Efficiency And Effectiveness Of Corporate Entities In Nigeria (A Study Of Selected Corporate Entities In Abia State) . Repository.mouau.edu.ng: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-accounting-information-on-the-efficiency-and-effectiveness-of-corporate-entities-in-nigeria-a-study-of-selected-corporate-entities-in-abia-state-7-2
VERONICA, NNAMANI. "Impact Of Accounting Information On The Efficiency And Effectiveness Of Corporate Entities In Nigeria (A Study Of Selected Corporate Entities In Abia State) " Repository.mouau.edu.ng. Repository.mouau.edu.ng, 28 Jul. 2021, https://repository.mouau.edu.ng/work/view/impact-of-accounting-information-on-the-efficiency-and-effectiveness-of-corporate-entities-in-nigeria-a-study-of-selected-corporate-entities-in-abia-state-7-2. Accessed 26 Nov. 2024.
VERONICA, NNAMANI. "Impact Of Accounting Information On The Efficiency And Effectiveness Of Corporate Entities In Nigeria (A Study Of Selected Corporate Entities In Abia State) ". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 28 Jul. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-accounting-information-on-the-efficiency-and-effectiveness-of-corporate-entities-in-nigeria-a-study-of-selected-corporate-entities-in-abia-state-7-2 >.
VERONICA, NNAMANI. "Impact Of Accounting Information On The Efficiency And Effectiveness Of Corporate Entities In Nigeria (A Study Of Selected Corporate Entities In Abia State) " Repository.mouau.edu.ng (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-accounting-information-on-the-efficiency-and-effectiveness-of-corporate-entities-in-nigeria-a-study-of-selected-corporate-entities-in-abia-state-7-2