Financial Reports: It's Pertinent To Attaining Organization Performance: (A Case Study Of Selected Manufacturing Companies)

ABSTRACT

The research work "Financial Reports: its Pertinent to Attaining Organization Performance: (A Case Study Of Selected Manufacturing Companies)", basically aims at ascertaining how financial accounting reporting has helped in advancing the objectives of corporate organizations. In the process, it investigated the effect 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 secondary sources. The secondary sources of data included textbooks, journals. in the analysis of the data collected, the Analysis of variance was used to analyze the responses gathered. The study revealed that a lot 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 strengihen 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.