A FIRM'S PERFORMANCE IN NIGERIA: THE IMPACT OF ACCOUNTING POLICIES.
Keywords:Nigeria, return on assets, inventories, receivables.
The research study investigated the effects of accounting practises on Nigerian business performance. Investigating how accounting practises in the disclosure of inventory and receivables affect Nigerian enterprises' return on assets was one of its two main objectives. For the study, an ex post facto research design was used, and secondary data on the listed consumer goods industry was taken from the financial statements and the CBN statistical bulletin. The study found that the disclosure of inventory and receivables by accounting procedures had a considerable impact on the return on assets of enterprises in Nigeria. So, in order to improve the comparability of accounting information, it is advised that Nigerian enterprises follow the relevant accounting practises. In order to stop the management's dishonest practises, they must also guarantee uniformity in the use of accounting policies. Additionally, oversight bodies and other parties involved in the process should hold the corporations responsible for any gaps in the adoption of ethical and proper accounting procedures. Regulating legislation should be passed by the government to make sure businesses perform their accounting duties ethically.