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PREPARATION OF FINANCIAL STATEMENTS AND THE NIGERIAN ACCOUNTING STANDARD

PREPARATION OF FINANCIAL STATEMENTS AND THE NIGERIAN ACCOUNTING STANDARD CHAPTER ONE INTRODUCTION 1.1    BACKGROUND TO THE STUDY In the past decade business environment undergoes a number of significant changes. A great evolution has taken place in the management operation and their responsibilities on meeting these dynamic changes. Financial statements are formulated by legal and regularized institutions within a country and also globally. The purpose of these statements is to ...

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