Relevance And Reliability Of Accounting Reports In Nigeria

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1. (Book CP. 2015).pdf (1.03 MB)

Date

2015-04-03

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Department of Accounting, Faculty Of Administration, Nasarawa State University, Keffi

Abstract

This paper examined the factors that determine qualitative characteristics of financial report in Nigeria. The paper made use of primary and secondary and the data were analyzed and results estimated using student t-test, Analysis of Variance (ANOVA), Ordinary Least Square Regression. In terms of relevance of accounting practice, three variables (size of company, age of company and financial year) were found to have significant influence on the relevance accounting reports and sign of earnings was found to have significant influence on the reliability of financial report.lt also found that there is a significant difference in the quality of accounting report among in sectors in Nigeria. The study recommends the need to streamline and strengthen financial reporting requirements to ensure consistency among different industry.

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Keywords

Financial reports, Relevance, Reliability, Comparability

Citation

Abdullah, J.M. (1996). The timeliness of Bahraini annual reports Advances in International Accounting, 9, 73-88 Afolabi, F. (2007).Financial reporting in Nigerian emerging market. Paper presented at a seminar organized by the Morgan State University, Victoria, August. Ahmed, K. (2003). The timeliness of corporate reporting: A comparative study of South Asia. Advances in International Accounting, 16, 17-44. Association of National Accountants’ of Nigeria (1993). Act No 76, Law of the Federal Republic of Nigeria. Black, J (2007). Oxford dictionary of economics, 2nd edition, New York.Oxford University Press. De Franco, G., S.P. Kothari, and R. Verdi. 2008. The benefits of firm comparability.Working paper, University of Toronto and MIT Sloan School of Management. Ferdy van Beest F.V., Braam G. &Boelens G. (2009) Quality of Financial Reporting : measuring qualitative chareteristics, Nijmegen Center for Economics (NiCE),Institute for Management Research, Radboud University Nijmegen ,The Netherlands http://www.ru.nl/nice/workingpapers Financial Accounting Standards Board (2008). Concepts statement .6: Reconsideration of interpretation 46(R). (2007). Academic dictionary of accounting. Hanson, J.H. Lagos. EPD Books Services Ltd. IASB (2008).Framework for the Preparation and Presentation of Financial Statements. London Iyoha, F. O. (2011), State agencies, industry regulations and the quality of accounting practice in Nigeria. PhD thesis Covenant University, Otta, Ogun State, Nigeria ^aggi, B &Tsui, J (1999). Determinants of audit report lag: Further evidence from Hong Kong. Accounting and Business Research, 30 (i), 17-28. NoraveshI,&Shirzadi F. (2012). Accounting Principle 2. Tehran, Iran: New Ketab.

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https://keffi.nsuk.edu.ng/handle/20.500.14448/302

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