Relevance Of Accounting Information In Nigeria (2004-2008)

CHAPTER ONE

INTRODUCTION

1.1             
BACKGROUND OF THE STUDY

In broad terms, the
accounting function has grown to become an integral component of the corporate
system.  It exists because it satisfies
primarily a need for information. Consequently, for more than four decades of
accounting research especially capital market based research, emphasis has been
placed on market efficiency i.e. testing the information content of accounting
numbers, in an attempt to determine whether or not accounting informatio…