The Impact Of Financial Accounting On The Corporate Performance Of Business Organization
[A CASE STUDY OF NIGERIAN BREWERIES PLC]

1.4 RESEARCH HYPOTHESES

The following null and alternative hypothesis shall be tested in this research works:

1. H0: The information provided in financial statements is not adequate to support good decision making.

Hi: The information provided in financial statements is not adequate to support good decision making.

2. H0: The disclosure requirements of statements do not affect corporate performance positively. 

Hi: The disclosure requirements of statements do not affect corporate performance positively.

3. H0: corporate organizations do not comply strictly to the statutory regulations.

Hi: corporate organizations do not comply strictly to the statutory regulations.

4. H0: Financial reports do not meet the needs of the various users of financial information.

Hi: financial reports do not meet the needs of the various users of financial information.

1.5 SIGNIFICANCE OF THE STUDY

This study is a very important one and most significant at this period of economic situation which has witnessed the collapse of giant corporate with impressive profit and loss accounts and balance sheet statement, because the financial report serves is a “prima facie” evidence on the state of attains of such companies as well as its performance and could be relied upon as a certificate because it had the auditors certification, financial reporting could be done with every ser business, utmost good faith and diligence.

1.6 SCOPE OF THE STUDY

This study could have covered the impact of financial accounting reporting on corporate performance of all the sectors of the Nigerian economy but due to the challenges of such a task especially the financial resources with which to execute it, it is limited to braving industry. The study used the Nigerian Breweries plc, Enugu.

1.7 LIMITATIONS OF THE STUDY

The limitations encountered by the researcher of this work are given as follows:

a. The confidential nature of financial accounting information in the business organization posed as a problem to this business organization posed as a problem to this study.

b. The researcher was unable to reach all the members of the sample as a result of their frequent travels and busy schedule.

c. The sample used in the research though representative but it is relatively small compared to the population, as a result of lack of financial with which to carry out the research on a greater sample.

1.8 DEFINITION OF TERMS

Auditor: a person who is qualified to examine the accounts of an organization to see that they are in order.

Balance Sheet: a business as at a specified date.

Bank: a financial institution whose responsibilities among others is to keep deposits for their client and customers.

Government: an institution of the state whose responsibility is to maintain law and order in the society.

Prima facie: sufficient to establish something legally until disprove later.

Researcher: an enquiring basically concerned with search knowledge.

REFERENCES
Alexander, D. and Britton, A (1996); Financial Reporting (5th edition). London. Olakanmozco (2007); The Companies and Allied Matters Act Cap. (20 LFN 2204 (2nd edition) Law Lords Abuja.