Accounting information disclosure
ACCOUNTING INFORMATION DISCLOSURE: AN EMPIRICAL INVESTIGATION OF A FRUITLESS FIG TREE
Victor Fegor ORIGHO
MGS/PG1209622
A PAPER SUMMITED TO THE DEPARTMENT OF ACCOUNTING, UNIVERSITY OF BENIN BEING PARTIAL FULLFILMENT OF RESEARCH METHODOLGY COURSE REQUIREMENT
MARCH, 2013
ABSRACT
This is the first study that tries to compare the inadequacy of accounting information disclosure in meeting financial users need to the inadequacy of a blossoming tree not producing fruits. The claim that accounting provides information is so commonplace as to be nearly colloquial. This paper discusses this claim, providing substance to it, by discussing the essence of accounting information, accounting disclosure and the inadequacy of accounting information to that of the fig tree in the bible.
KEY WORDS: Accounting Information, Disclosure, Voluntary Disclosure and Mandatory Disclosure
INTRODUCTION
The particulars of transaction and financial relationships between different parties have been written up in the form of financial records since the dawn of civilization, examples being Babylonian clay tablets and records from the Roman and Greek civilizations.
The influence of electronic data processing (EDP) on accounting has been of paramount importance in the second half of the 20th century. It should be borne in mind however, that EDP is purely a technology that has produced a dramatic increase in the speed at which large volumes of data can be processed. Although it has influenced the utilization of accounting information, it nevertheless has had no effect upon the theory. The computer has made accounting information more effective chiefly in that it is now more complete, easier to understand and more readily available.
This paper is based on the premise that accounting has witness a lot of development in data gathering, analysis and preparation of data and in presentation of information, however this paper tend to look at this
Victor Fegor ORIGHO
MGS/PG1209622
A PAPER SUMMITED TO THE DEPARTMENT OF ACCOUNTING, UNIVERSITY OF BENIN BEING PARTIAL FULLFILMENT OF RESEARCH METHODOLGY COURSE REQUIREMENT
MARCH, 2013
ABSRACT
This is the first study that tries to compare the inadequacy of accounting information disclosure in meeting financial users need to the inadequacy of a blossoming tree not producing fruits. The claim that accounting provides information is so commonplace as to be nearly colloquial. This paper discusses this claim, providing substance to it, by discussing the essence of accounting information, accounting disclosure and the inadequacy of accounting information to that of the fig tree in the bible.
KEY WORDS: Accounting Information, Disclosure, Voluntary Disclosure and Mandatory Disclosure
INTRODUCTION
The particulars of transaction and financial relationships between different parties have been written up in the form of financial records since the dawn of civilization, examples being Babylonian clay tablets and records from the Roman and Greek civilizations.
The influence of electronic data processing (EDP) on accounting has been of paramount importance in the second half of the 20th century. It should be borne in mind however, that EDP is purely a technology that has produced a dramatic increase in the speed at which large volumes of data can be processed. Although it has influenced the utilization of accounting information, it nevertheless has had no effect upon the theory. The computer has made accounting information more effective chiefly in that it is now more complete, easier to understand and more readily available.
This paper is based on the premise that accounting has witness a lot of development in data gathering, analysis and preparation of data and in presentation of information, however this paper tend to look at this