Inflation, financial report and decision making in business organizations in Nigeria Department: Accountancy By: jessy03 Project ID: 1942 Rating: (3.2) votes: 11Rate this project12345 Price:₦1000 Get the Complete MaterialAbstractFinancial reporting depicts the financial positions of any business organization and fulfills the basic objective of accounting by highlighting the financial facts. It is mainly comprised of the position statement, income statement and statement of change in financial position. But each country has its own system of reporting and presenting financial statements. The term inflation in economic context means a rise in the general level of price of goods and services in a country over a period of time. International Financial Reporting Standards (IFRS) is trying to bring uniformity between various accounting practices of different countries but inflation is ignored in international Accounting standards. As we know that some work has been done in the field of inflation Accounting, but still it is the developing stage inflation Accounting refers to a range of accounting systems designed to correct problems arising from historical cost accounting in the presence of inflation. Inflation is a common problem especially for developing and under developing economics. The rate of inflation is generally very high and business organization operating their business under such conditions have to consider the effect of inflation while preparing the financial statements for a true and fair view of the state of affairs. The main objective of this work is to find out the impact of inflation on financial reporting, decision making in business organization in Nigeria indication how profitability varies after considering the treatment of inflation in Accounting....Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»The effects of computerized accounting system on the performance of banking industry in Nigeria»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»Effect of misrepresentation of information in a financial statement»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )