The Significance Of Accounting Standard (sas) In The Preparation Of Financial Statement Of An Organization

Research project examined the significance of accounting standard (SAS) in the preparation of financial statement with special reference to Guinness Nig Plc, Lagos. The most common report from external use are the financial statement included in the annual report to shareholders (owners) and potential investors. These financial statement are prepared to confirm with generally accepted accounting principles such principles have evolved over time or have been made acceptable by decree from rule making body. Accounting principles result from an essentially political process. The government thr…