ISSN 2394-5125
 

Research Article 


THE ROLE OF ACCOUNTING INFORMATION FOR EFFECTIVE CORPORATE FINANCIAL REPORTING: A CASE STUDY OF FLOUR MILL OF NIGERIA

Tony Ikechukwu Nwanji PhD FCIM FBCS FCIS, Kerry E. Howell PhD FHEA, Sainey Faye PhD FHEA FCMI, Ben-Caleb Egbide PhD FCA, Adegbola Olubukola Otekunrin PhD ACA, Adedoyin Ishola Lawal PhD, David Obadiaru PhD, Damilola Felix Eluyela MSc ACCA, Ifeyinwa S. Diarah MSc/Doctoral Researcher.

Abstract
Financial reporting shows the state of affairs of the company at a given period using one year.
The information from the financial statement enables users of the financial information to make an investment
decision. Other stakeholder of the company relies on the financial statement to assess the performance of the
company to make its own decision. The main objective of financial reporting is to provide excellent and
sufficient financial information concerning economic entities, mostly financial, useful for economic decision
making. This paper focuses on the role of accounting information for effective corporate financial reporting
using Flour Mill of Nigeria as a case study. Data for the study were collected using a survey questionnaire and
an annual report of the company. Using a mixed-method of analysis, we found that effective financial reporting
to meet the users of the financial information. Our finding showed that prominent organisations like the Flow
Mill of Nigeria benefit from effective financial reporting that meet on corporate governance regulation which
providing confidence to the users of the financial report in making an investment decision. Our finding is in
context with the literature on financial reporting and suggests that the organisation adopted the corporate
regulation with an active audit committee perform better with a lower cost of capital and increase financial
penances. Overall, the result from this study is in line with other studies that claimed that an effective financial
reporting helps users of the financial information make an investment decision that will impact on the financial
performance of the company


 
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How to Cite this Article
Pubmed Style

Tony Ikechukwu Nwanji PhD FCIM FBCS FCIS, Kerry E. Howell PhD FHEA, Sainey Faye PhD FHEA FCMI, Ben-Caleb Egbide PhD FCA, Adegbola Olubukola Otekunrin PhD ACA, Adedoyin Ishola Lawal PhD, David Obadiaru PhD, Damilola Felix Eluyela MSc ACCA, Ifeyinwa S. Diarah MSc/Doctoral Researcher. THE ROLE OF ACCOUNTING INFORMATION FOR EFFECTIVE CORPORATE FINANCIAL REPORTING: A CASE STUDY OF FLOUR MILL OF NIGERIA. JCR. 2020; 7(19): 5832-5847. doi:10.31838/jcr.07.19.676


Web Style

Tony Ikechukwu Nwanji PhD FCIM FBCS FCIS, Kerry E. Howell PhD FHEA, Sainey Faye PhD FHEA FCMI, Ben-Caleb Egbide PhD FCA, Adegbola Olubukola Otekunrin PhD ACA, Adedoyin Ishola Lawal PhD, David Obadiaru PhD, Damilola Felix Eluyela MSc ACCA, Ifeyinwa S. Diarah MSc/Doctoral Researcher. THE ROLE OF ACCOUNTING INFORMATION FOR EFFECTIVE CORPORATE FINANCIAL REPORTING: A CASE STUDY OF FLOUR MILL OF NIGERIA. http://www.jcreview.com/?mno=133585 [Access: September 14, 2020]. doi:10.31838/jcr.07.19.676


AMA (American Medical Association) Style

Tony Ikechukwu Nwanji PhD FCIM FBCS FCIS, Kerry E. Howell PhD FHEA, Sainey Faye PhD FHEA FCMI, Ben-Caleb Egbide PhD FCA, Adegbola Olubukola Otekunrin PhD ACA, Adedoyin Ishola Lawal PhD, David Obadiaru PhD, Damilola Felix Eluyela MSc ACCA, Ifeyinwa S. Diarah MSc/Doctoral Researcher. THE ROLE OF ACCOUNTING INFORMATION FOR EFFECTIVE CORPORATE FINANCIAL REPORTING: A CASE STUDY OF FLOUR MILL OF NIGERIA. JCR. 2020; 7(19): 5832-5847. doi:10.31838/jcr.07.19.676



Vancouver/ICMJE Style

Tony Ikechukwu Nwanji PhD FCIM FBCS FCIS, Kerry E. Howell PhD FHEA, Sainey Faye PhD FHEA FCMI, Ben-Caleb Egbide PhD FCA, Adegbola Olubukola Otekunrin PhD ACA, Adedoyin Ishola Lawal PhD, David Obadiaru PhD, Damilola Felix Eluyela MSc ACCA, Ifeyinwa S. Diarah MSc/Doctoral Researcher. THE ROLE OF ACCOUNTING INFORMATION FOR EFFECTIVE CORPORATE FINANCIAL REPORTING: A CASE STUDY OF FLOUR MILL OF NIGERIA. JCR. (2020), [cited September 14, 2020]; 7(19): 5832-5847. doi:10.31838/jcr.07.19.676



Harvard Style

Tony Ikechukwu Nwanji PhD FCIM FBCS FCIS, Kerry E. Howell PhD FHEA, Sainey Faye PhD FHEA FCMI, Ben-Caleb Egbide PhD FCA, Adegbola Olubukola Otekunrin PhD ACA, Adedoyin Ishola Lawal PhD, David Obadiaru PhD, Damilola Felix Eluyela MSc ACCA, Ifeyinwa S. Diarah MSc/Doctoral Researcher (2020) THE ROLE OF ACCOUNTING INFORMATION FOR EFFECTIVE CORPORATE FINANCIAL REPORTING: A CASE STUDY OF FLOUR MILL OF NIGERIA. JCR, 7 (19), 5832-5847. doi:10.31838/jcr.07.19.676



Turabian Style

Tony Ikechukwu Nwanji PhD FCIM FBCS FCIS, Kerry E. Howell PhD FHEA, Sainey Faye PhD FHEA FCMI, Ben-Caleb Egbide PhD FCA, Adegbola Olubukola Otekunrin PhD ACA, Adedoyin Ishola Lawal PhD, David Obadiaru PhD, Damilola Felix Eluyela MSc ACCA, Ifeyinwa S. Diarah MSc/Doctoral Researcher. 2020. THE ROLE OF ACCOUNTING INFORMATION FOR EFFECTIVE CORPORATE FINANCIAL REPORTING: A CASE STUDY OF FLOUR MILL OF NIGERIA. Journal of Critical Reviews, 7 (19), 5832-5847. doi:10.31838/jcr.07.19.676



Chicago Style

Tony Ikechukwu Nwanji PhD FCIM FBCS FCIS, Kerry E. Howell PhD FHEA, Sainey Faye PhD FHEA FCMI, Ben-Caleb Egbide PhD FCA, Adegbola Olubukola Otekunrin PhD ACA, Adedoyin Ishola Lawal PhD, David Obadiaru PhD, Damilola Felix Eluyela MSc ACCA, Ifeyinwa S. Diarah MSc/Doctoral Researcher. "THE ROLE OF ACCOUNTING INFORMATION FOR EFFECTIVE CORPORATE FINANCIAL REPORTING: A CASE STUDY OF FLOUR MILL OF NIGERIA." Journal of Critical Reviews 7 (2020), 5832-5847. doi:10.31838/jcr.07.19.676



MLA (The Modern Language Association) Style

Tony Ikechukwu Nwanji PhD FCIM FBCS FCIS, Kerry E. Howell PhD FHEA, Sainey Faye PhD FHEA FCMI, Ben-Caleb Egbide PhD FCA, Adegbola Olubukola Otekunrin PhD ACA, Adedoyin Ishola Lawal PhD, David Obadiaru PhD, Damilola Felix Eluyela MSc ACCA, Ifeyinwa S. Diarah MSc/Doctoral Researcher. "THE ROLE OF ACCOUNTING INFORMATION FOR EFFECTIVE CORPORATE FINANCIAL REPORTING: A CASE STUDY OF FLOUR MILL OF NIGERIA." Journal of Critical Reviews 7.19 (2020), 5832-5847. Print. doi:10.31838/jcr.07.19.676



APA (American Psychological Association) Style

Tony Ikechukwu Nwanji PhD FCIM FBCS FCIS, Kerry E. Howell PhD FHEA, Sainey Faye PhD FHEA FCMI, Ben-Caleb Egbide PhD FCA, Adegbola Olubukola Otekunrin PhD ACA, Adedoyin Ishola Lawal PhD, David Obadiaru PhD, Damilola Felix Eluyela MSc ACCA, Ifeyinwa S. Diarah MSc/Doctoral Researcher (2020) THE ROLE OF ACCOUNTING INFORMATION FOR EFFECTIVE CORPORATE FINANCIAL REPORTING: A CASE STUDY OF FLOUR MILL OF NIGERIA. Journal of Critical Reviews, 7 (19), 5832-5847. doi:10.31838/jcr.07.19.676