INTRODUCTION
Accounting has been widely regarded world wide as an information system through which financial and magnetized information is generated for economic groups companies, individuals or even countries have made various attempts in 1494 a roman catholic priest father Luca Pacioli published a text on double entry, which till today formed a strong basis of accounting particularly the book keeping aspect.
Accounting finds practical application in almost all facets of life it is therefore important that relevant information disclosure be made in financial reports in the united states of America the 1929 stock market crash and the economic depression of the 1930s generated and accentuated the need for greater disclosure requirements in financial reports. This pioneering effort led to the establishment of the first Securities and Exchange Commission in 1933 which was empowered to set up body to issue accounting and auditing standards them. A similar accounting institution was established in United Kingdom in the 1970s with almost a similar objective know as accounting steering committee (ASC). In Nigeria, disclosures in financial reports started with the companies ordinance of 1922 (as amended) and through to the companies Act 1968 and now the companies and Allied matters Act 1990.
The Nigerian accounting standards board (NASB) is also involved in the efforts at evolving and promoting financial disclosure. The NASB was established in 1982 with the rower to set and issue accounting standards which have to be complied with while preparing financial statement. Before the promulgation of the companies and Allied matters Decree (CAMD) 1990, which has now become an act under the civilian administration in Nigeria, compliance of financial statement with accounting standards was persuasive but with the coming of CAMD of 1990, financial disclosure by companies is now a mandatory requirement
TABLE OF CONTENTS
Title page i
Approval page ii
Dedication iii
Acknowledgement iv
Abstract v
Table of contents vi
CHAPTER ONE
1.1 INTRODUCTION 1
1.2 Objectives of the study 2
1.3 Significance of the study 2
1.4 Scope of the study 3
1.5 Limitation of the study 3
CHAPTER TWO
2.1 BACKGROUND 4
2.2 Compliance with the requirement of CAMD 4
2.3 Problems of NASB 5
2.4 The penalties for failure to comply with the SAS 6
CHAPTER THREE
3.1 Summary, finding conclusion and recommendation 8
3.2 Summary findings 8
3.3 Conclusion 8
3.4 Recommendation 9
Reference 11
Disclaimer: Note this academic material is intended as a guide for your academic research work. Do not copy word for word. Note: For Computer or Programming related works, some works might not contain source codes
CITE THIS WORK
(2014, 11). An Evaluation Of The Level Of Bank” Compliance With Accounting Standards Issued By The Nigeria Accounting Standards Board (nasb).. ProjectStoc.com. Retrieved 11, 2014, from https://projectstoc.com/read/4249/an-evaluation-of-the-level-of-bank-rdquo-compliance-with-accounting-standards-issued-by-the-nigeria-accounting-standards-board-nasb-9442
"An Evaluation Of The Level Of Bank” Compliance With Accounting Standards Issued By The Nigeria Accounting Standards Board (nasb)." ProjectStoc.com. 11 2014. 2014. 11 2014 <https://projectstoc.com/read/4249/an-evaluation-of-the-level-of-bank-rdquo-compliance-with-accounting-standards-issued-by-the-nigeria-accounting-standards-board-nasb-9442>.
"An Evaluation Of The Level Of Bank” Compliance With Accounting Standards Issued By The Nigeria Accounting Standards Board (nasb).." ProjectStoc.com. ProjectStoc.com, 11 2014. Web. 11 2014. <https://projectstoc.com/read/4249/an-evaluation-of-the-level-of-bank-rdquo-compliance-with-accounting-standards-issued-by-the-nigeria-accounting-standards-board-nasb-9442>.
"An Evaluation Of The Level Of Bank” Compliance With Accounting Standards Issued By The Nigeria Accounting Standards Board (nasb).." ProjectStoc.com. 11, 2014. Accessed 11, 2014. https://projectstoc.com/read/4249/an-evaluation-of-the-level-of-bank-rdquo-compliance-with-accounting-standards-issued-by-the-nigeria-accounting-standards-board-nasb-9442.
- Related Works
- Relevance Of Accounting System On The Performance Of Manufacturing Company
- Financial Control In A Computerized Accounting System (a Case Study Of First Bank Of Nigeria Plc)
- Auditing As An Aid To Accountability A Case Study Of Enugu State Post Primary School Management Board (ppmb)
- The Role Of Accounting In Societal Development (in The Nigerian Context)
- An Analysis Of Development In Nigerian Balance Of Payment (1995 – 1999).
- The Need For Auditing And Investigation In Small Scale Business Organization With Particular Reference To Pentagon Shopping Center Enugu
- Human Resources Accounting: Issues Problems And Prospects In The Public Sector (a Case Study Of Enugu State Broadcasting Service Esbs)
- The Problems Encountered By External Auditors In Auditing Nigerian Companies (a Case Study Of Akintola Williams And Co. Chartered Accountant, Enugu)
- Appraisal Of Income Tax Management By Multinational Companies In Nigeria (case Study Of Selected Multinational Companies In The Southeastern States Of Nigeria)
- An Over-view Of Local Government Finance In The New Millennium (a Case Study Of Igbo – Etiti Local Government Council)