AN EVALUATION OF THE IMPACT OF INFLATION ON FINANCIAL STATEMENT OF SELECTED MANUFACTURING ORGANIZATION

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ABSTRACT

This study is embarked upon soley to probe into the impact of inflation on financial statements by selected manufacturing organization. Most nations in the world have experienced several inflation in 20th Century and have used various approaches to restates financial statement for changing value of their currencies.

Since the manufacturing organization, which domination the public sector has an influence on the operation and control of the economy. It is then not out of place to state that what affect this operation sector would affect the whole economy as well.

The entire research work is organization into three chapters with preliminary headings.

The chapters deal with the main subject matter structured under introduction, literature review and findings, conclusion and recommendation. The finding of this research was centered on the relationship between acquisition of input and their realization through output on financial statement selected manufacturing organization.

Recommendation was base on suggesting ways of which money can be used by the management accountant to improve on their routine and non-routine reporting and other duties they are expected from them to improve productivity. In general conclusion, shows that the current practice of the Financial Statement.

TABLE OF CONTENTS

TITLE PAGE(i)

APPROVAL PAGE(ii)

DEDICATION(iii)

ACKNOWLEDGEMENT(iv)

ABSTRACT(v)

TABLE OF CONTENT(vi)

CHAPTER ONE:

1.0INTRODUCTION

1.1 OBJECTIVE OF STUDY

1.2 SIGNIFICANCE OF STUDY

1.3 SCOPE OF THE STUDY

1.4 LIMITATION OF STUDY

1.5 DEFINITION OF TERMS

CHAPTER TWO:

2.0INFLATION AND FINANCIAL STATEMENT

2.1 NEEDS FOR PRICE LEVEL ADJUSTMENT

2.2 INFLATION AND ACCOUNT

2.3 MONETARY ITEMS

2.4 DETERMINATION OF PURCHASING POWER GAIN OR LOSS

2.5 SURVEY OF SELECTED COMPANIES

CHAPTER THREE

3.0 SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION

3.1 FINDINGS

3.2 CONCLUSION

3.3 RECOMMENDATION

BIBLIOGRAPHY

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AN EVALUATION OF THE IMPACT OF INFLATION ON FINANCIAL STATEMENT OF SELECTED MANUFACTURING ORGANIZATION

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