Relevance Of Accounting Information In The Nigerian Stock Market

CHAPTER ONE1.1 Background to the study Accounting provides a vital service to broad and diverse users. Investors use financial accounting information for investment decisions; government agencies need it particularly for tax purposes while regulatory agencies use it to determine whether existing statutory pronouncements are complied with, among others (Kajola and Adedeji, 1999). According to Meyer (2007), accounting plays a significant role within the concept of generating and communicating wealth of companies. Financial statements no doubt still remain one of the most important sources of .ex…