Effort is made to access the effect of formal accounting reporting on the management of  a business financial accounting covers those activities related to the preparation of certain reports which are known as financial statements. These statement report the financial status of a firm at a particular time. The firms activities and resulting profit/losses during the most recent period and the flow of resources occurring within the firm during the same period.     I draw my research from the work of many authors. Such work done have included textbooks in all forms, magazine and Encyclopedias.     Apart from extensive use of literature, other method of research include (a) interview with businessmen. (b) Questionnaires have been designed and distributed to some businessmen (especially at trade fair). The questionnaires have been designed for officers  in management cadre in public and private companies, shareholders, staff, partners and owners in sole proprietorship  

TABLE OF CONTENT
Approval page                                iii
Dedication                                    iv
Acknowledgement                                v
Abstract                                    vi
Table of content                                vii

CHAPTER ONE
Introduction                                1
Statement of problem                            3
 Purpose of the study                            3
Significant of the study                        4
Statement of Hypothesis                        5
Scope of the study                            6
Limitation of the study                        7
Definition of terms.                            8 

CHAPTER TWO
Review of Related Literature                    11
Accounting as a language of business                11
Users of accounting information                    13
Characteristics of good information                17
Management of information                    19
Basic accounting concept                        25
The financial accounting branch                    25
Other accounting branches.                    27

 CHAPTER THREE    
Research design and methodology                    30
Sources of data                            31
Sample Size                                32
Method of investigation                         32

CHAPTER FOUR
Data presentation and analysis.                    36
Data presentation and analysis.                    36
Test of hypothesis.                            43

CHAPTER FIVE
 Summary of findings, conclusion and recommendation.    50
Findings                                    50
Conclusion                                51
Recommendation                            53
Bibliography                                55
Appendix                                57