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1. THE ROLE OF ACCOUNTING IN CORPORATE
FINANCIAL ORGANIZATIONS IN GHANA
(A CASE STUDY OF AGRICULTURAL DEVELOPMENT
BANK)
BY
SHAIDAH GIFTY BUERKIE 01181337D
SEINI ANISA 01180016D
SHADY PRINCE 01180504D

2. • Background of the study
• Statement of the problem
• Objectives
• Methodology
• Data analysis and discussing of findings
• Conclusion and policy implications of the
study

3. 
 A survey of the literature of accounting is based on perception of accounting has language of business. Thus, the various
business activities of a firm are reported in accounting statement using purely terminology or language in accounting just as
news events are reported in newspapers in the English language. To express an event in accounting or English certain rules
are usually followed. Without following these rules strictly and diligently not only does one run the risk of being
misunderstood, but also risks a penalty for misrepresentation, lying or perjury comparability of statement is essential to the
effective functioning of a language. simply put accounting as a discipline is one means of communicating information about
a business which are contained in financial statement of a business. Accounting provides ideal ground for regulation,
making impact on public policy and monitoring of all types of contracts between the organization and the environment. The
accounting techniques deployed by the accountant may then have an impact on the welfare of the society. Usually,
Accountant is a channel of communication. Communication is best defined in accounting as “The process of encoding
observation in the language of the accounting system, of manipulating the signs and the statements of the systems and
decoding and transmitting the results”.

 Accountant is a professional who has at least a higher national diploma (HND) in accounting and is well resourced for
keeping accounting books and interpretations the financial records. There are two main types of accountants: (1) public
accountants (2) management accountant (3) government accountant. Management accountant is also known as cost
accountant, staff accountant, or industrial accountant who helps companies budget and perform better by identifying,
measuring, analyzing, interpreting, and communicating information to the manager. In addition, management accountant
prepare data for the use within a company by forecasting cash flows, creating budgets, and analyzing the rate of returns for
short- and long-term projects. Management accountants often advise senior management on financial decisions. They also
maintain the company financial system and oversee a team entry-level accountant who perform bookkeeping.

 Government accountants work in all branches of government including local, state, and federal agencies, managing public
funds, investigating white collar crimes, and performing system duties. This type of accountant must possess a knowledge
of government statutes, as well as tax, business codes, and other regulations for both public private sectors. Government
accountants help cities budget funds and evaluate the viability of using public funds for community infrastructure projects.
They work closely with regulatory groups such as internal revenue authority on both local and federal level.

 Public accountants ensure businesses and individuals follow generally accepted accounting principles, standards and
procedures issued by the Financial Accounting Standard Board. They often handle a variety of accounting tasks, including
tax preparation, financial planning, audits and more but they choose to focus on one area.
BACKGROUND OF
THE STUDY

4. 
 Recently, there has been growing concern about ethical and integrity in
accounting and auditing profession in public and private on
questionable acts. This era has been branded by series of corporate
failure, ethical negligence, auditing, and accounting scandals both in
develop and developing economies. Despite the use of accounting
standards and policies, it is hard so state that corporate financial
organizations such as the banking industry in developing countries are
adequate and effective. There are instances where financial institutions
are subject to criticisms due to their mismanagement, negligence, lack
of proper accountability and transparency in the way organizational
financial reports are presented. There are instances where accountants
are unable to use certain accounting standards simply because they
cannot interpret such data.
 Other major challenges facing the accountants includes continuous
learning; accounting is a profession that needs integrate practices with a
set of standards that will constantly be in a state of flux. Accountants
need to be in sync with the very latest developments. And this includes,
not just the compliance aspect but the technology and new processes to
bring in efficiency. Non-negotiable deadline and technical know-how.
STATEMENT OF THE
PROBLEM

5. 
 The major objective is to examine the role of accounting in
corporate financial organizations, other objectives aimed
to be achieved are:
 To know who qualifies to be an accountant.
 To analyze the completeness of accounting records been
kept by accountants for economic and financial decision
making.
 Determine effectiveness and efficiency of accountants in
the department of accounting in corporate financial
institutions.
 The correlation between accountants and auditors
OBJECTIVES

6. 
 The study used population sampling size and
method
 Agriculture development Bank was selected for the
case study
 It focuses on the accounting department of the
company
 Both questionnaires were used to gather the data
METHODOLOGY

7. 
The responses to the questionnaire as it relates
to the impact of financial accounting reporting
on the corporate performance of business
organization.
Question/
Respond
Frequency percentage Cumulative
percentage
YES NO YES NO
HND 8 7 53.33
%
46.66
%
100
B. TECH 15 0 100% 0% 100
Professional
qualifications
(5) 10 33.3% 66.66
%
100
DATA ANALYSIS AND
DISCUSSING OF
FINDINGS

8. 
 This research is aimed at providing an insight into the
impact of accountants in the corporate performance of
business organizations. On the course of the research
work, data were gathered, collected, and analyzed, also
various hypotheses were tested with a view to finding the
extent to which financial accounting reporting bear on the
performance of a business organization. It was discovered
that not much significance difference existed between the
accountants with higher certificate since they all have
good comprehension of their work. We believed the
information contents of the financial report were not
enough to effective decision making
DATA ANALYSIS AND
DISCUSSION OF
FINDINGS

9. 
 In the light of the observation and discussions carried out on the impact of
financial accounting reporting accountants prepared by on the corporate
performance of business organizations, the following conclusions were
drawn.
 That the financial accounting report is a veritable document through which
the status and performance of a business organization could be evaluated.
 Their given the weight of the financial accounting report, a lack of
adequate information exists.
 The stakeholders place heavy reliance on the financial accounting report or
desist from venturing into the business organization whose financial
information rail to meet their taste.
 That there is no water-tight check which ensures that there is no
compromise to an objective and fair reporting.
 That the information content in the financial report does not meet the
needs of the various users of financial accounting information.
CONCLUSION AND
POLICY IMPLICATIONS
OF THE STUDY

10. 
 If stakeholder’s confidence is to be restored and sustained for
the growth of the business organization, care must be exercised
to ensure that the financial accounting report furnishes them
with the required information they need.
 Reports on the organization operations should be made
available to its users timely so that it can be put to adequate
use.
 The regulators of the financial accounting reporting should
ensure that business organizations adhere strictly to the
reporting rules.
 The directors who have the traditional role of preparing this
financial report should ensure that it is prepared in accordance
with the best international
 practices.
CONCLUSION AND
POLICY IMPLICATIONS
OF THE STUDY

11. 
THANK YOU FOR YOUR
ATTENTION

12. 