The Role Of Accounting In Societal Development

THE ROLE OF ACCOUNTING IN SOCIETAL  DEVELOPMENT (IN THE NIGERIAN CONTEXT)

This chapter shall be subdivided into the following

2.1   Definition of Accounting

  • Historical Development of Accounting
  • Purpose of Accounting
  • Users of Accounting Information
  • Presentation of Accounting Information

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The Effect Of Financial Accounting Reporting On The Management Of A Business

THE EFFECT OF FINANCIAL ACCOUNTING REPORTING ON THE MANAGEMENT OF A BUSINESS (A CASE STUDY OF EMENITE LTD)

ACCOUNTING AS A LANGUAGE OF BUSINESS

          Language is a means of communication. Not everyone understands it and anyone who wants to understand it must learn it or have it interpreted. The learners of accounting as a language of business get those who know accounting to teach them. Owners of business enjoy accountants as the “interpreters” of accounting language and this is often so when management is separated from ownership. [Read more…]

Accounting as a Language of Business

Accounting as a Language of Business

Accounting as a Language of Business – The language of accounting involves both vocabulary and grammar learning the vocabulary involves becoming familiar with both the exact definition of accounting words and how they are used. Owners of business employs accountant as the ‘interpreter’ of accounting language, this is often so when management is separated from ownership. The grammatical part of accounting as a language of business involves a generally acceptable ordering of information in connection with a particular business organization. The ordering of this information aids the use of such information in its location. [Read more…]

Accounting as a Language of Business

Accounting as a Language of Business

The language of accounting involves both vocabulary and grammar learning.  the vocabulary involves becoming familiar with both the exact definition of accounting words and how they are used.  Owners of business employs accountant as the ‘interpreter’ of accounting language, this is often so when management is separated from ownership.  The grammatical part of accounting as a language of business involves a generally acceptable ordering of information in connection with a particular business organization.  The ordering of this information aids the use of such information in its location. [Read more…]

Overview of the Accounting Concept

Overview of the Accounting Concept

There are various concept and conventions in accounting, all of which are useful in solving practical accounting problem.They include:

A.      THE BUSINESS ENTITY: – Accounting view every business as an entity which is distinct from that person who owns or managed it.  Sometimes, the law makes the same distinction as in the case of a limited liability company which is a separate legal entity from the shareholders or directors. [Read more…]