Impact Of Financial Accounting Report On The Management Of A Business Organization
ABSTRACT
Financial accounting covers those
activities related to the preparation of certain reports which are known as
financial statement. These statements reports the financial status of a firm at
a particular time the firms activities and resulting profit or losses during
the most recent period and the flow of resources occurring within the firm
during the same period. This statement made by AKUWUDIKE and UGWU (2000), gives
us an idea on the meaning of financial accounting. However the question arises,
"what are the efforts of these financial account reports in the management
of business"? The answer poses a problem which the paper will seek to
solve. Not all business persons understand the impact of financial accounting
information on the management of their business, some manages business
intuitively. Others, like traffic defaulters who disobey road signs, disobey
the warnings communicated by financial accounting information and end up in a
"Business Accident"
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EWELIKE, S (2021). Impact Of Financial Accounting Report On The Management Of A Business Organization . Repository.mouau.edu.ng: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-financial-accounting-report-on-the-management-of-a-business-organization-7-2
SANDRA, EWELIKE. "Impact Of Financial Accounting Report On The Management Of A Business Organization " Repository.mouau.edu.ng. Repository.mouau.edu.ng, 30 Jul. 2021, https://repository.mouau.edu.ng/work/view/impact-of-financial-accounting-report-on-the-management-of-a-business-organization-7-2. Accessed 26 Nov. 2024.
SANDRA, EWELIKE. "Impact Of Financial Accounting Report On The Management Of A Business Organization ". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 30 Jul. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-financial-accounting-report-on-the-management-of-a-business-organization-7-2 >.
SANDRA, EWELIKE. "Impact Of Financial Accounting Report On The Management Of A Business Organization " Repository.mouau.edu.ng (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-financial-accounting-report-on-the-management-of-a-business-organization-7-2