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  TABLE OF CONTENT         PAGE Title Page                                                                                i Certificate                                                                               ii Dedication                                                                              iii Acknowledgement                                                                  iv Abstract                                                                                  v Table Of Content                                                                    vi   CHAPTER ONE: INTRODUCTION BACKGROUND TO THE STUDY 1 1.2   STATEMENT OF THE PROBLEM                                           4 1.3    OBJECTIVE OF THE STUDY                                       5 1.4    RESEARCH QUESTIONS                                                       5 1.5   SIGNIFICANCE OF THE STUDY                                            6 RESEARCH HYPOTHESES 6 SCOPE AND LIMITATIONS OF THE STUDY 8 ...

ABSTRACT This study evaluates the effect of historical cost accounting on the reported profit of a company: An evaluation of current cost accounting as an alternative reporting method. In a high – inflationary and distorted economy like Nigeria with high uncertainties, the conventional historical cost method of profit reporting has misled many companies into liquidation since it has been found inadequate in accounting for the uncertainties. The persistent nature of ...