Abstract

This study examined the determinants of corporate accounting choice in non-financial firms in Nigeria. The specific objectives were to investigate whether internal financing, ownership concentration, leverage and firm size has significant effect on cashflow reporting of listed nonfinancial firms in Nigeria. The secondary source of data collection was adopted in the study where the purposive sampling technique was used to select a sample size of four (4) listed non-financial firms for the study. Least Square regression analysis was used in this study and the findings revealed that internal financing, firm leverage and firm size has no significant effect on cashflow reporting while ownership concentration has significant effect on cashflow reporting of listed non-financial firms in Nigeria. The study concluded that companies that consistently generate positive cash flows from operations are typically seen as having a stable financial footing, thereby making them more attractive to investors and creditors. The study recommended among others that firms should be encouraged to build a reasonable internal financial control strategy that will bring efficiency to the firm, thereby enhancing the firm financial performance and that firms should put efforts to ensure a fair balancing ownership structure so as to avoid complexities and properly drive home the slated goals and objectives without disrupting the financial capability of the firm.