Project Materials

GENERAL

THE OBJECTIVES OF FINANCIAL STATEMENT AND THEIR USEFULNESS TO THE GENERAL USER GROUPS

Do You Have New or Fresh ic? Send Us Your Topic


Project ic:
THE OBJECTIVES OF STATEMENT AND THEIR USEFULNESS TO THE USER S

CHAPTER ONE

INTRODUCTION

We have now out lined a number of alternative approaches that the accountant could possibly take in preparing accounting reports. However, we are going to choose between them?

How are we going to go about deciding the accounts we prepare? In the most general of terms the correct approach was suggested.

We are the communicators of the information that people will find useful. We therefore have to discover who are our “customers” and what is it that they want from us, so we have to take note of some questions.

1.       Who are users of accounting statement and accountant reports?

2.       What do they want to use them for?

3.       What particular information do they need to enable them to use them effectively for their purpose?

1.      OBJECTIVES OF THE STUDY

1.       The accounting objectives is that the employer should recognized the anticipate cost of providing persons on a systematic and rational basis over the period during which he derives benefit from the employee’s services. This statement specifies that many companies have until now, simply charged the contributions payable to the pension scheme as the pension cost in each accounting period.

2.       The selection of actuarial method and assumption to be used in assessing the person cost of a defined benefit scheme is a  matter of judgment for the actuary in consultation with his client, taking account of the circumstances of they specific and its work force.

3.       Where a stable contribution rate for regular contributions, expressed as a percentage of pension able earnings has been determined, that rate will provide an acceptable basis for calculating the regular cost understated accounting objectives so long as 9it make full provision for the expected benefit over though anticipated service lives of employees.

1.      SIGNIFICA OF THE STUDY

The researcher has got interested in this topic, not necessarily because he has worked intensively with any before or to fulfill a necessary requirement but to identify the make useful recommendation toward the objective of financial statement in the business.

Some people are scared from the intermediary business because of frustration. There are so many young men today who are prepared to make a career in financial statement companies, spite of its challenges and difficulties, but have been frustrated, half way by some of these financial companies”. Some companies “like Benue cement ” whose names sounding to the public are really big for nothing. They find it very difficult to pay out Salaries and commissions for a reasonable length of times.

The accountant who delays the payment of sale man expresses and commission must be regarded as a serious impediment to sales performance.

1.      LIMITATION OF THE STUDY.

This has some constraints, which affects the effective and efficient discharge of our duties.

Time being a come factor to every human being is not on our side. Classroom ies are not be done. So this happens to be a back to this s. Lack of finance happens to be another factor which hinder the effective discharge of this as there is the difficulty of transporting myself from place to place so as to collect data for the .

Effectiveness of data happens to be another set back to the effectives discharge of our task as the information got are not sufficient to the relevance of the .

Lastly, the attitude of people I meet during the , some felt reluctant in giving me the information I need. Others demand money from me for any information they gave.

1.      DEFINITION OF TERMS

The corporate report refers to publish accounting statements as corporate reports. Users of corporate reports are defined as those having reasonable right to information concerning the reporting entity.

A reasonable right to information exists where the activities of an organization impinge or may impinge on the interest of user group.

Not What You Were Looking For? Send Us Your Topic

INSTRUCTIONS AFTER PAYMENT

After making payment, kindly send the following:
  • 1.Your Full name
  • 2. Your Active Email Address
  • 3. Your Number
  • 4. Amount Paid
  • 5. Project ic
  • 6. Location you made payment from

» Send the above details to our email; contact@premiumresearchers.com or to our support phone number; (+234) 0813 2546 417 . As soon as details are sent and payment is confirmed, your project will be delivered to you within minutes.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Advertisements