Accounting Information And Its Role In The Management Of Business Organization

(A CASE STUDY OF ZENITH BANK PLC) CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Listed companies use financial statements as one of the major medium of communication with their stakeholders. Therefore, stock market regulators and accounting standards setters try to improve the quality of financial statements in order to increase the transparency level in financial reporting. (Vishnani 2008). Accounting plays a significant role within the concept of generating and communicating wealth of the companies. Financial statements still remain the most important source of externally possible i…