The Effect Of Financial Accounting Reporting On The Management Of A Business

ABSTRACT: Financial intermediation is the process by which financial institution accept saving from house hold and lend this saving to business organizations. Since high level of financial intermediation has been associated with high degree of economic development e.g Nigeria has allegedly been said to experience low level of financial intermediation.  The objective of this study

1. To establish the extent of financial intermediation in Nigeria and the likely effect on economic development.
2. To reveal the economic development position (as measures by Gross National/Domestic Income) of countries that have comparatively the same level of financial intermediation are relatively high.

This proper will also look into the following problem. In Nigeria there has been a comparatively low level of financial intermediation demonstrated by the grossly inadequate habits to all nooks and corners of the country. Lack of actual practical indegenisation of bank industry.

The ultimate effect is that the existing financial intermediation find it impossible to effectively mobilize available resources and allocate them enhance the rate of economic development

After examining these problems, recommendation will be made. It will be aimed at increasing the level of financial intermediation in Nigeria. Then conclusion will be drawn.

PROPOSAL

Financial intermediation is the process by which financial institution accept saving from house hold and lend this saving to business organizations.

Since high level of financial intermediation has been associated with high degree of economic development e.g Nigeria has allegedly been said to experience low level of financial intermediation.

The objective of this study

1. To establish the extent of financial intermediation in Nigeria and the likely effect on economic development.
2. To reveal the economic development position (as measures by Gross National/Domestic Income) of countries that have comparatively the same level of financial intermediation are relatively high.

This proper will also look into the following problem. In Nigeria there has been a comparatively low level of financial intermediation demonstrated by the grossly inadequate habits to all nooks and corners of the country. Lack of actual practical indegenisation of bank industry.

The ultimate effect is that the existing financial intermediation find it impossible to effectively mobilize available resources and allocate them enhance the rate of economic development

After examining these problems, recommendation will be made. It will be aimed at increasing the level of financial intermediation in Nigeria. Then conclusion will be drawn.

TABLE OF CONTENT

CHAPTER ONE

INTRODUCTION                                                                            1

1. Background of the study                                                1
2. Statement of problem                                                               3
3. Objectives of study                                                                   3
4. Significance of the study                                                          4
5. Scope and Limitation of the study                                           5
6. Definition of terms                                                           6

Reference:                                                                       12

CHAPTER TWO

REVIEW OF LITERATURE                                                 13

2.1 Bank and Non-Bank financial Intermediaries                        13

2.2 Financial Institutions and Economic Development.             14

2.3 Financial Intermediation and Economic

Development in developed countries.                                21

2.4 Financial intermediation and Economic Development

in less Developed countries.                                               23

2.5 Financial Intermediaries and monetary control                     26

2.6 Review in increasing the level of financial

Intermediation in Nigeria and the LDC’S                            28