A comparative analysis of the public and private sectors financial reporting practices in Nigeria Department: Accountancy By: rainnjazz Project ID: 4838 Rating: (5.0) votes: 1Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractFinancial reporting has been the order of the day in the financial spheres in recent times. It is a means of communicating the performances of enterprises to all those who have stakes in the organizations. This study sought to do a comparative analysis of the public and private sector's financial reporting practices in Nigeria. The study has adopted the descriptive analysis to come up with a powerful analysis of both sectors’ financial reporting practices. The study found out that, government institutions use both the cash base and accrual base accounting systems in reporting financial information (the ratio of usage found by this study in the public sector is to a 1:1 basis, i.e. for everyone public sector enterprise that uses cash base accounting system, there is equally one public sector entity using the accrual base accounting system). Whereas some public entities adhere to the provisions of the Statement of Accounting Standards (SASs) in the preparation of financial statements, others comply with the provisions of the International Public Sector Accounting Standards (IPSASs). In the private sector, however, financial statements are prepared in accordance with the statement of accounting standards which is applicable in Nigeria...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 )