1.0 IntroductionThe proposed project will present a detailed study of the financial reporting practices of Mansard Insurance Plc which will be based largely on the published financial statement for the year ending 2012. The project cover all areas of financial reporting systems which will include, historical reporting, accounting policies, corporate governance, financial analysis, future prospects and limitations inherent to financial reporting. The project proposal then presents brief information of Mansard Insurance Plc, assessment of its current financial reporting practices, project methodology, proposed chapter titles and subtitles for the project report and a work program Overall, the financial reporting practices of the company are structured to ensure full compliance with all applicable laws affecting financial statements and related accounting principles as specified by the Internal Accounting Standards Board (IASB).2.0 Mansard Insurance Plc Background The company was incorporated as a "Heritage Assurance Limited" on 23 June 1989 as a private limited company. was recognized and granted license to operate as a composite company by the regulatory authority - National Insurance Commission (NAICOM) in March 2004. It changed its name to Guaranty Trust Assurance limited in 2004 when it was acquired by Guaranty Trust Bank. In 2006, the name was changed to Guaranty Trust Assurance Plc when it listed on the Nigerian Stock Exchange. Following the divestment of Guarantee Trust Bank, its 67.8% stake was acquired by Assur Africa Holding (Mansardinsurance, 2014, p.3) Mansard Insurance is one of the fastest growing and most profitable insurance companies in Nigeria, it is also the only one in Nigeria with a… half of the paper… Using financial projection, economic value analysis and shareholder value analysis together with management and stakeholder expectations, this project will evaluate the future prospects for the company.• Limitations inherent in the financial statement: This section will discuss the limitations inherent in the analysis of the company's financial data which will include regulatory issues, valuation and measurement issues and any other related information.• Summary and conclusion: This is the final part of the project and will provide a summary and conclusions arising from the various findings. Any recommendations that the author believes can create and add value to the company will also be indicated. 5.0 Project Timing: The project begins with a detailed proposal in week 4 and will last four weeks until day 7 of week 7. The timing is as follows highlighted in the Appendix