A Comparative Analysis Of The Impact Of Inventory Valuation Methods On Financial Report Statement In Some Companies

1 A COMPARATIVE ANALYSIS OF THE IMPACT OF INVENTORY VALUATION METHODS ON FINANCIAL REPORT STATEMENT IN SOME MANUFACTURING COMPANIES IN ENUGU STATE BY MORGAN, ACCEPTANCE OKON ACC/2007/376 DEPARTMENT OF ACCOUNTANCY FACULTY OF MANAGEMENT AND SOCIAL SCIENCE CARITAS UNIVERSITY AMORJI-NIKE, ENUGU STATE AUGUST, 20122 TITLE PAGE A COMPARATIVE ANALYSIS OF THE IMPACT OF INVENTORY VALUATION METHODS ON FINANCIAL REPORT STATEMENT IN SOME MANUFACTURING COMPANIES IN ENUGU STATE BY MORGAN ACCEPTANCE OKON ACC/2007/376 A PROJECT SUBMITTED TO THE DEPARTMENT OF ACCOUNTANCY FACULTY OF MANAGEMENT AND SOCIAL SCIENCE CARITAS UNIVERSITY AMORJI-NIKE, ENUGU STATE IN PARTIAL FULFUILLMENT OF THE REQUIREMENTS FOR THE AWARD OF BACHELOR OF SCIENCE (B.Sc.) DEGREE IN ACCOUNTANCY AUGUST, 2012.7 ABSTRACT This research work was conducted on with special reference to the impact inventoryvaluation methods has on financial report statements of manufacturing companies. For a longtime now the Accounting profession has not been able to come up with any particular technique or method to be used uniformly in valuing inventory. This research work examined if the method used was as a result ofthe prevailing economic circumstances. A survey research design was adopted for the study; data collected weregotten from both the primary and secondary sources. An infinite population of over 3000