Influence of Culture on Financial Reporting

Abstract

Financial reporting as a term is said to be the process whereby companies make open their financial activities, viz cash flow, expenses, investments and what have you. Culture on the other hand, is the way people behave in a given society. Organizational culture refers to how things are being done in the organization. Modus operandi varies from one Organization to another. This study therefore, focused on the concept of organizational culture vis-a-vis financial reporting. How do companies go about their report? To what extent can we say culture influence financial reporting? And etcetera. We made use of the secondary method of data collection, as such all our findings cum submissions were gotten from hitherto existing works viz books, journals (published and unpublished), newsletters and etcetera.

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