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THE ROLE OF A STATUTORY AUDITOR IN CONTROLLING FRAUD IN GOVERNMENT OWNED ESTABLISHMENT. A CASE STUDY OF FEDERAL PAY OFFICE (change ENUGU to your area).

ABSTRACT

 

This research work is design to  achieve a specific purpose on the role played by Auditors in protection of public funds in the government owned establishments, ministries or government  parastatals.

The research goes into providing a systematic financial accountability that will promote proper stewardship of asset, deter wastes, dishonesty and promote effeteness of reasonable cost.

However, the literature review helps to ascertain other writes view concerning the subject of the study which explains how government owned establishment is so organized in such a way that fraud could be detected easily and on time just because particular audits are assigned to particular personnel. The data used for this work was collected from primary and  secondary  source. Questionnaire were also used (200 in number) 120 were retained on filled while 20 missed on transit and  total used was  60 in number. Against the background, invaluable and reliable discoverers were made.

Finally the research recommends that  the legislative are of government should make it mandatory  for the accountant general  to submit financial statement of government account to audit department for  audit work within 6(six month of auditors to be given  power to execute or enforce its finding after its work has been review by the public account committee (P.Ac).

 

CHAPTER ONE

INTRODUCTION

BACKGROUND OF THE STUDY

For a long time now Nigeria have been witnessing a down turn in her development efforts. This primary cause of this down has been linked with the in or deinate ambition of the average Nigeria to get rich quick at the  expense of less piviltedge ones. Those who a seen them selves as being opportunity  to control government owned establishment use the opportunity to perpetrate fraud or  misappropriate public funds and properties. However, the auditor should recognize the possibilities of material, misstatement or irregularities or fraud, and see that errors which could distort the trueness and fairness of the financial account are not committed.  Therefore, a statutory auditor is said to be a watch dog and not a blood hound.

 

 

 

 

Our law makers have seen the need for acceptable accountability by making a provision for the federal and stated government to report on the account of stewardship rendered by these public officers.

Section 126 (1) the constitution of the federal republic of Nigeria 199. States that there shall be an audit general for each state who shall be appointed in accordance with the provision of section 126 of the constitution”.

Section (2) says that the public account of a state and of all offices and courts of the state shall be audited by the auditor general for the state”.

This study focused attention how well or otherwise the government audit department conduct it activities in response to section 125 of 1999 constitution of the federal republic of Nigeria.

1.2            STATEMENT OF THE PROBLEM

Public embezzlement always create a consciousness on the part of the supervisory authorities as to the quality and digree of protective management in government

  1. Lack of understanding of the purpose of auditing among the society in general.
  2. Lack of a well defined goal oriented policies aimed at building up a strong and sound financial system.
  3. Inherent weakness in the existing. Administrative arrangement for government owned establishment accounting function.
  4. Improper supervision of over all officers under the authority  entrusted with the receipts expenditure of public money.

Inability of the government owned establishment maintain a sound system of internal control.

 

1.3            OBJECTIVE OF THE STUDY

In regards to this study, is set forth to present fresh insight into the nature and role of a statutory auditor in controlling  fraud in government owned establishment with a view to enabling the public appreciate the various limitations and weaknesses, inherit their effort in fraud detection and control in government owned establishments

  1. To find out roles played by the audit department in protection of public funds.
  2. To  provide a system of financial accountability which will promote proper stewardship of assets deter wastes dishonesty and extravagancy and promote effectiveness at reasonable costs.
  3.  To ensure efficient financial administration through system of internal control  and management information.
  4. To determine the extent to which fraud misapporiation and embezzlement of public funds have persisted in public services.
  5. To find out the delays in carrying out audit of account of government establishment.

1.4            SIGNIFICANT OF THE STUDY .

The significance of this study is that, it will teach the inherent disabilities and limitation of auditing in government owned establishment.It is expected that  the result of this study will help improve financial reporting by government  owned establishment providing annual reports in accordance with the requirement of audit acts, 1990.

The significant of the study to society in general is to correct the wrong notion of the society in general  is to correct the wrong notion of the wealth of government  which contrary to realty is usually. Regarded in position could cut his own share at will and  get away with it.

To the government is ensuing the standard that down in the ministry manual of responsibilities and procedure are maintained.

To the auditor to pin point to them  the risk that confronts the auditors in the excretes of his duties the legal action that could be taken against the auditor she/he deficit in this  duty.

The study sure as a quite for  future quern mental  policy formulation on auditing guideline to government  owned establishment .

Finally, it is expected that this study will serve as a work of reference to future researchers.

1. Time constraints: The researcher as a student also engaged in other activities which limited the time.

Used for the project the research was deeply affected by the shortness of time as a result of the short semester being ran by the  school. The semester coupled with dash of programme of the school and there is no special time given for proper investigation are the constraints which left the researcher with little or no time to carry out this project.

  1. SCOPE: Due to the vastness of the areas to be covered by the researcher, the researcher found it way difficult  she could not obtain information from each of theses areas. For instance there are many firms dealing with auditing and investigation and for the fact that it is very difficult for one to gather information or data from each of these firm one being a student was compelled to unit his study to federal pay office (add your state  after office)
    1. LACK OF STATISTICAL INFORMATION:

Facts were not easy to come about during the course of this project work. Even where the facts are available they were either out dated or the authorities concerned refused to bring it out or are subject necessary protocols. At the expense of my limited time before they were male available.

  1. FINANCIAL CONSTRAINTS:

The researcher lacked the necessary finance to carryout extensive research on this topic .

  1. NON –RESPONSES:

Inadequate responses such as some ministries when interviewed defined responses and unable to help due to internal problem like staff of local government audit department of  ( ADD YOUR STATE HERE).

  1. BUREAUCRACY:

The bureaucracy in government establishment has made it very difficult for researcher to obtain research information.

  1. SECREY:

Most Nigeria dislike activities that appear to be probing them, they tend to avoid researchers because they gelt their activities which are not meant for public consumption would be exposed through research work.,

 

1.5            RESEARCH QUESTION

The following research question were formulated by the researcher for the conduct of this project.

  1. What  aspect of the accounts government policies  hinders effective and efficient  auditing  of account of government owned establishment
  2. How can government establishment supervise the expenditure of government taking care that no payment  were made which is not covered by proper authority.
  3. To what extent do fraud effect economic development of the country.
  4. What measures showed be taken to ensure that objective of auditing are achieved in government owned establishment.

1.6            STATEMENT OF HYPOTHESIS

H o: The audit does not play effective and efficient role in the control of fraud in government owned establishment .

Hi: The auditor play effective and efficient role in the control poof fraud in government owned establishment.

1.7            SCOPE / LIMITATION OF THE STUDY

The study is a case study of federal pay office pay officer Enugu between 1990 2003.

In this study the researcher only considered the ministerial accounting structure or accounting structure of selected government establishment on parastatals in the state,  because of the following limitation.

 

 

 

 

 

 

 

HOW TO GET THE FULL PROJECT WORK

 

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

 

HOW TO RECEIVE PROJECT MATERIAL(S)

After paying the appropriate amount (#5000) into our bank Account below, send the following information to

08139462710 or 08137701720

 

(1)    Your project topics

(2)     Email Address

(3)     Payment Name

(4)    Teller Number

We will send your material(s) immediately we receive bank alert

 

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 0046579864

Bank: GTBank.

 

OR

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 2023350498

Bank: UBA.

 

HOW TO IDENTIFY SCAM/FRAUD

As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

 

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

 

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

 

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

 

CAUTION/WARNING

Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project.  Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

 

That you ordered this material shows you have agreed not to copy word-to-word.

 

 

FOR MORE INFORMATION, CALL:

08139462710 or 08137701720

 

YOU CAN ALSO CALL:

08068231953, 08168759420

 

 

Visit any of our project websites below:

www.easyprojectmaterials.com

www.easyprojectmaterials.com.ng

www.easyprojectmaterial.net

www.easyprojectmaterial.net.ng

www.easyprojectsolutions.com

www.worldofnolimit.com

www.worldofnolimit.com

www.nairaproject.com.ng

www.nairaprojects.com.ng

www.nairaproject.net

www.nairaprojects.net

www.uniproject.com.ng

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5 hours ago 0 Comments Short URL

THE EFFECT OF FINANCIAL ACCOUNTING REPORTING ON THE MANAGEMENT OF A BUSINESS (A CASE STUDY OF EMENITE LTD)


ABSTRACT

          Effort is made to access the effect of formal accounting reporting on the management of  a business financial accounting covers those activities related to the preparation of certain reports which are known as financial statements. These statement report the financial status of a firm at a particular time. The firms activities and resulting profit/losses during the most recent period and the flow of resources occurring within the firm during the same period.

I draw my research from the work of many authors. Such work done have included textbooks in all forms, magazine and Encyclopedias.

Apart from extensive use of literature, other method of research include (a) interview with businessmen. (b) Questionnaires have been designed and distributed to some businessmen (especially at trade fair). The questionnaires have been designed for officers  in management cadre in public and private companies, shareholders, staff, partners and owners in sole proprietorship

 

CHAPTER ONE

 

  INTRODUCTION

          Financial accounting covers those activities related to the preparation of certain reports which are known as financial statement. These statements reports the financial status of a firm at a particular time the firms activities and resulting profit or losses during the most recent period and the flow of resources occurring within the firm during the same period.

This statement made by A. THOPSON MONTAOMERY gives us an idea on the meaning of financial accounting. However the question arises what are the efforts of these financial account reports in the management of business? The answer poses a problem which the paper will seek to solve. Not all business persons understand the impact of financial accounting information on the management of their business, some manages business intuitively. Other, like traffic defaulters who disobey road signs, disobey the warning of communicated by financial accounting information and end up in a “Business Accident”

There are other sources of information which have impact on the management of Business and the combination of these sources give an information system in the complex nature. As FARM WOOD puts it, “it must not be thought that accounting of any form is the management control system. Instead it is part of it”. But accounting information is the only system through which both mangers and external users get a picture of the organization as a total entity.

Moreover, financial accounting information usually comes in the disguised form by “wearing” the cloak of technicalities. Such technicalities include calculation which need expert knowledge in its interpretation. But when some business because of low financial layout, cannot employ such experts hands, they tend to ignore financial accounting information system which has an effect on the management of any business concern. The problem is: Do all businessmen know this? This is the question that the researcher seeks to answer also.

 

 

 

1.1    STATEMENT OF THE PROBLEM.

          Is very important for the functioning of any business. The finacial accounting system in most business organization do not potrary fully the principles of accounting systems. The flow of information, the cost of collecting any information and the internal control procedures have some loops holes.

In reality, it would be impossible for the researcher to study all the information system in all or even one of the organization. The study therefore involves a study of some typical financial accounting reporting on the management of a business. The researcher will carry out an empirical study and appraisal of a business financial accounting and see whether there is room for improvement to be made. It will therefore involve a review of the financial accounting and its related procedures.

 

1.2    PURPOSE OF STUDY

          The goal of every business is profit optimization. The management of most business exist primarily for this purpose. Whether the business ownership is separated from the management, the rules for profit optimization (or maximization as some books may choose to call it) are still the same. Profit optimization is used rather than maximization. In this paper because optimization has a social effect.

The mangement is able to do this as long as they are able to use their financial resources profitably they must know the effect which financial accounting information has on the management of the business. Financial accounting measures, by means of the reports they prepare the extent to which management has succeeded in their goals of profit optimization.

The report which serves as financial information of the accounting period has an impact on the future achievement of the business. This effect now becomes the goal of this research. The researcher seeks to know more about this effect (ie the financial accounting effect on the management of business) and also advices all business persons on the effect.

 

1.3    SIGNIFICANCE OF THE STUDY

          The research will be significant or useful in

  1. Examining the effect of financial accounting as information system.
  2. Directing the business person to such effect
  3. Warning, not only business persons but all person’s from neglect of financial accounting
  4. Encouraging all to obey head the warning of financial accounting information.

The following classes of people will find the work as useful references.

  1. Managers of companies, corporations and any other firm business whether such business are owned by management or not.
  2. Actual and potential leaders of money to business.
  3. Customers
  4. Owners and shareholders
  5. Government
  6. Other researchers.

 

1.4    STATEMENT OF HYPOTHESIS.

          Hypothesis is defined by the Encyclopedia Americana as “ a proposition assumed to be true merely for purpose of argument or a proposition/theory put forward to account for under a body of facts” The hypothesis of this research work are: this will be used.

  1. Financial accounting information has both positive and negative impact on the management of a business and as such there is a common need for accounting to supply to its owners information about the business.

HYPOTHESIS I

THE NULL HYPOTHESIS HO: Financial accounting information has negative impact on the management of a business.

THE ALTERNATIVE HYPOTHESIS H1: Financial accounting information has a positive impact on the management of a business.

HYPOTHESIS II

THE NULL HYPOTHESIS HO: Neglect of financial accounting information will not have any effect on the business.

THE ALTERNATIVE HYPOTHESIS H1:Neglect of financial accounting information will have effect on the business

 

1.5              SCOPE OF THE STUDY

          No research work is purely original. Something’s have to be drawn from work of others. With acknowledgement and appreciation, the researcher will include textbooks in all forms or branches of accounting. Textbooks in management, finance and marketing, magazines and encyclopedia will be used extensively.

Apart from extensive use of literature, other method of research will include.

  1. Interview with business / staff
  2. Questionnaires will be design and distributed to some businessmen. The questionnaires will be designed for officers in management of public and private companies, shareholders, pertness and owners in sole proprietorship.
  3.  A look into the document of some business and drawing heavily from such records is intended. Financial accounting information is often regarded as “figure” information and the method used in this research is the “transformation” of the data into information such be useful to both those who have knowledge of accounting and those who do not.

 

1.6           LIMITATION OF STUDY

A voluminous work would result, as it were in all research work done on all parts of account information generally (since this might lead to researching into all the different branches of accounting ie cost accounting financial accounting, Auditing etc. still voluminous would be a research into the financial accounting information since this would include what it is, how it can be prepared its usefulness effect, historical information interpretation, analysis and most of others.

Bearing this in mind this research work shall then be limited to THE EFFECT OF FINACIAL ACCOUNTING INFORMATION TO THE MANAGEMENT OF A BUSINESS.

The researcher is aware of the fact that other types of information play a part in management of a business but this research is based on the question. If those where types of information are readily available and only financial accounting information is lacky.

 

1.7    DEFINITION OF TERMS

The following are defined in this section

  1. Effect
  2. Financial accounting
  3. Information
  4. Management
  5. Business.
  6. EFFECT: The oxford Adrancer learners Dictionary of English dexntes effect as “ Influence one effect has on another” it can therefore be good or bad.
  7. FINANCIAL ACCOUNTING: Financial accounting “is concerned with the recording of transactions for a business enterprises or other economic units and the periodic preparation of various reports from such records”. Financial accounting then can be said to be a systematic gathering, summarizing and reporting of business transaction in monetary terms such that it provide information which permits informed judgment by the users of such information
  8. INFORMATION OR REPORT: These can be thought of as being facts needed or received by a person or group of persons which is or will be useful to him/her. These information or reports may be spoken / written programmed or teleprinted.
  9. MANAGEMENT: Management can be defined as the rational selection of courses of action to optimize the interrelationship of man, materials and money for the survival and growth of the organization. It can be regarded as the “process of getting things done through people” A person who manages is called a manager.
  10. BUSINESS: Business is a process whereby human materials amd capital resources are combined to earn/satisfy human needs and wants. An entity which carries on such organized efforts is known as a business entity.

 

 

TABLE OF CONTENT:

 

CHAPTER ONE

INTRODUCTION

1.1     Background of the Study

1.2     Statement of the Research Problem

1.3     Objectives of the Study

1.4     Significance of the Study

1.5     Research Questions

1.6     Research Hypothesis

1.7     Conceptual and Operational Definition

1.8     Assumptions

1.9     Limitations of the Study

 

CHAPTER TWO

LITERATURE REVIEW

2.1     Sources of Literature

2.2     The Review

2.3     Summary of Literature Review

 

CHAPTER THREE

RESEARCH METHODOLOGY

3.1     Research Method

3.2     Research Design

3.3     Research Sample

3.4     Measuring Instrument

3.5     Data Collection

3.6     Data Analysis

3.7     Expected Result

CHAPTER FOUR

DATA ANALYSIS AND RESULTS

4.1     Data Analysis

4.2     Results

4.3     Discussion

CHAPTER FIVE

SUMMARY AND RECOMMENDATIONS

5.1     Summary

5.2     Recommendations for Further Study

Bibliography

 

 

HOW TO GET THE FULL PROJECT WORK

 

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

 

HOW TO RECEIVE PROJECT MATERIAL(S)

After paying the appropriate amount (#3000) into our bank Account below, send the following information to

08139462710 or 08137701720

 

(1)    Your project topics

(2)     Email Address

(3)     Payment Name

(4)    Teller Number

We will send your material(s) immediately we receive bank alert

 

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 0046579864

Bank: GTBank.

 

OR

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 2023350498

Bank: UBA.

 

HOW TO IDENTIFY SCAM/FRAUD

As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

 

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

 

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

 

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

 

CAUTION/WARNING

Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project.  Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

 

That you ordered this material shows you have agreed not to copy word-to-word.

 

 

FOR MORE INFORMATION, CALL:

08139462710 or 08137701720

 

YOU CAN ALSO CALL:

08068231953, 08168759420

 

 

Visit any of our project websites below:

www.easyprojectmaterials.com

www.easyprojectmaterials.com.ng

www.easyprojectmaterial.net

www.easyprojectmaterial.net.ng

www.easyprojectsolutions.com

www.worldofnolimit.com

www.worldofnolimit.com

 

 

 

 

 

 

 

 

Tags:

14 days ago 0 Comments Short URL

THE EFFECT OF FINANCIAL ACCOUNTING REPORTING ON THE MANAGEMENT OF A BUSINESS (A CASE STUDY OF EMENITE LTD)


ABSTRACT

          Effort is made to access the effect of formal accounting reporting on the management of  a business financial accounting covers those activities related to the preparation of certain reports which are known as financial statements. These statement report the financial status of a firm at a particular time. The firms activities and resulting profit/losses during the most recent period and the flow of resources occurring within the firm during the same period.

I draw my research from the work of many authors. Such work done have included textbooks in all forms, magazine and Encyclopedias.

Apart from extensive use of literature, other method of research include (a) interview with businessmen. (b) Questionnaires have been designed and distributed to some businessmen (especially at trade fair). The questionnaires have been designed for officers  in management cadre in public and private companies, shareholders, staff, partners and owners in sole proprietorship

 

CHAPTER ONE

 

  INTRODUCTION

          Financial accounting covers those activities related to the preparation of certain reports which are known as financial statement. These statements reports the financial status of a firm at a particular time the firms activities and resulting profit or losses during the most recent period and the flow of resources occurring within the firm during the same period.

This statement made by A. THOPSON MONTAOMERY gives us an idea on the meaning of financial accounting. However the question arises what are the efforts of these financial account reports in the management of business? The answer poses a problem which the paper will seek to solve. Not all business persons understand the impact of financial accounting information on the management of their business, some manages business intuitively. Other, like traffic defaulters who disobey road signs, disobey the warning of communicated by financial accounting information and end up in a “Business Accident”

There are other sources of information which have impact on the management of Business and the combination of these sources give an information system in the complex nature. As FARM WOOD puts it, “it must not be thought that accounting of any form is the management control system. Instead it is part of it”. But accounting information is the only system through which both mangers and external users get a picture of the organization as a total entity.

Moreover, financial accounting information usually comes in the disguised form by “wearing” the cloak of technicalities. Such technicalities include calculation which need expert knowledge in its interpretation. But when some business because of low financial layout, cannot employ such experts hands, they tend to ignore financial accounting information system which has an effect on the management of any business concern. The problem is: Do all businessmen know this? This is the question that the researcher seeks to answer also.

 

 

 

1.1    STATEMENT OF THE PROBLEM.

          Is very important for the functioning of any business. The finacial accounting system in most business organization do not potrary fully the principles of accounting systems. The flow of information, the cost of collecting any information and the internal control procedures have some loops holes.

In reality, it would be impossible for the researcher to study all the information system in all or even one of the organization. The study therefore involves a study of some typical financial accounting reporting on the management of a business. The researcher will carry out an empirical study and appraisal of a business financial accounting and see whether there is room for improvement to be made. It will therefore involve a review of the financial accounting and its related procedures.

 

1.2    PURPOSE OF STUDY

          The goal of every business is profit optimization. The management of most business exist primarily for this purpose. Whether the business ownership is separated from the management, the rules for profit optimization (or maximization as some books may choose to call it) are still the same. Profit optimization is used rather than maximization. In this paper because optimization has a social effect.

The mangement is able to do this as long as they are able to use their financial resources profitably they must know the effect which financial accounting information has on the management of the business. Financial accounting measures, by means of the reports they prepare the extent to which management has succeeded in their goals of profit optimization.

The report which serves as financial information of the accounting period has an impact on the future achievement of the business. This effect now becomes the goal of this research. The researcher seeks to know more about this effect (ie the financial accounting effect on the management of business) and also advices all business persons on the effect.

 

1.3    SIGNIFICANCE OF THE STUDY

          The research will be significant or useful in

  1. Examining the effect of financial accounting as information system.
  2. Directing the business person to such effect
  3. Warning, not only business persons but all person’s from neglect of financial accounting
  4. Encouraging all to obey head the warning of financial accounting information.

The following classes of people will find the work as useful references.

  1. Managers of companies, corporations and any other firm business whether such business are owned by management or not.
  2. Actual and potential leaders of money to business.
  3. Customers
  4. Owners and shareholders
  5. Government
  6. Other researchers.

 

1.4    STATEMENT OF HYPOTHESIS.

          Hypothesis is defined by the Encyclopedia Americana as “ a proposition assumed to be true merely for purpose of argument or a proposition/theory put forward to account for under a body of facts” The hypothesis of this research work are: this will be used.

  1. Financial accounting information has both positive and negative impact on the management of a business and as such there is a common need for accounting to supply to its owners information about the business.

HYPOTHESIS I

THE NULL HYPOTHESIS HO: Financial accounting information has negative impact on the management of a business.

THE ALTERNATIVE HYPOTHESIS H1: Financial accounting information has a positive impact on the management of a business.

HYPOTHESIS II

THE NULL HYPOTHESIS HO: Neglect of financial accounting information will not have any effect on the business.

THE ALTERNATIVE HYPOTHESIS H1:Neglect of financial accounting information will have effect on the business

 

1.5              SCOPE OF THE STUDY

          No research work is purely original. Something’s have to be drawn from work of others. With acknowledgement and appreciation, the researcher will include textbooks in all forms or branches of accounting. Textbooks in management, finance and marketing, magazines and encyclopedia will be used extensively.

Apart from extensive use of literature, other method of research will include.

  1. Interview with business / staff
  2. Questionnaires will be design and distributed to some businessmen. The questionnaires will be designed for officers in management of public and private companies, shareholders, pertness and owners in sole proprietorship.
  3.  A look into the document of some business and drawing heavily from such records is intended. Financial accounting information is often regarded as “figure” information and the method used in this research is the “transformation” of the data into information such be useful to both those who have knowledge of accounting and those who do not.

 

1.6           LIMITATION OF STUDY

A voluminous work would result, as it were in all research work done on all parts of account information generally (since this might lead to researching into all the different branches of accounting ie cost accounting financial accounting, Auditing etc. still voluminous would be a research into the financial accounting information since this would include what it is, how it can be prepared its usefulness effect, historical information interpretation, analysis and most of others.

Bearing this in mind this research work shall then be limited to THE EFFECT OF FINACIAL ACCOUNTING INFORMATION TO THE MANAGEMENT OF A BUSINESS.

The researcher is aware of the fact that other types of information play a part in management of a business but this research is based on the question. If those where types of information are readily available and only financial accounting information is lacky.

 

1.7    DEFINITION OF TERMS

The following are defined in this section

  1. Effect
  2. Financial accounting
  3. Information
  4. Management
  5. Business.
  6. EFFECT: The oxford Adrancer learners Dictionary of English dexntes effect as “ Influence one effect has on another” it can therefore be good or bad.
  7. FINANCIAL ACCOUNTING: Financial accounting “is concerned with the recording of transactions for a business enterprises or other economic units and the periodic preparation of various reports from such records”. Financial accounting then can be said to be a systematic gathering, summarizing and reporting of business transaction in monetary terms such that it provide information which permits informed judgment by the users of such information
  8. INFORMATION OR REPORT: These can be thought of as being facts needed or received by a person or group of persons which is or will be useful to him/her. These information or reports may be spoken / written programmed or teleprinted.
  9. MANAGEMENT: Management can be defined as the rational selection of courses of action to optimize the interrelationship of man, materials and money for the survival and growth of the organization. It can be regarded as the “process of getting things done through people” A person who manages is called a manager.
  10. BUSINESS: Business is a process whereby human materials amd capital resources are combined to earn/satisfy human needs and wants. An entity which carries on such organized efforts is known as a business entity.

 

 

TABLE OF CONTENT:

 

CHAPTER ONE

INTRODUCTION

1.1     Background of the Study

1.2     Statement of the Research Problem

1.3     Objectives of the Study

1.4     Significance of the Study

1.5     Research Questions

1.6     Research Hypothesis

1.7     Conceptual and Operational Definition

1.8     Assumptions

1.9     Limitations of the Study

 

CHAPTER TWO

LITERATURE REVIEW

2.1     Sources of Literature

2.2     The Review

2.3     Summary of Literature Review

 

CHAPTER THREE

RESEARCH METHODOLOGY

3.1     Research Method

3.2     Research Design

3.3     Research Sample

3.4     Measuring Instrument

3.5     Data Collection

3.6     Data Analysis

3.7     Expected Result

CHAPTER FOUR

DATA ANALYSIS AND RESULTS

4.1     Data Analysis

4.2     Results

4.3     Discussion

CHAPTER FIVE

SUMMARY AND RECOMMENDATIONS

5.1     Summary

5.2     Recommendations for Further Study

Bibliography

 

 

HOW TO GET THE FULL PROJECT WORK

 

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

 

HOW TO RECEIVE PROJECT MATERIAL(S)

After paying the appropriate amount (#10000) into our bank Account below, send the following information to

08139462710 or 08137701720

 

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(2)     Email Address

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(4)    Teller Number

We will send your material(s) immediately we receive bank alert

 

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 0046579864

Bank: GTBank.

 

OR

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 2023350498

Bank: UBA.

 

HOW TO IDENTIFY SCAM/FRAUD

As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

 

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

 

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

 

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

 

CAUTION/WARNING

Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project.  Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

 

That you ordered this material shows you have agreed not to copy word-to-word.

 

 

FOR MORE INFORMATION, CALL:

08139462710 or 08137701720

 

YOU CAN ALSO CALL:

08068231953, 08168759420

 

 

Visit any of our project websites below:

www.easyprojectmaterials.com

www.easyprojectmaterials.com.ng

www.easyprojectmaterial.net

www.easyprojectmaterial.net.ng

www.easyprojectsolutions.com

www.worldofnolimit.com

www.worldofnolimit.com

 

 

 

 

 

 

 

 

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14 days ago 0 Comments Short URL

THE EFFECT OF FINANCIAL ACCOUNTING REPORTING ON THE MANAGEMENT OF A BUSINESS (A CASE STUDY OF EMENITE LTD)


ABSTRACT

          Effort is made to access the effect of formal accounting reporting on the management of  a business financial accounting covers those activities related to the preparation of certain reports which are known as financial statements. These statement report the financial status of a firm at a particular time. The firms activities and resulting profit/losses during the most recent period and the flow of resources occurring within the firm during the same period.

I draw my research from the work of many authors. Such work done have included textbooks in all forms, magazine and Encyclopedias.

Apart from extensive use of literature, other method of research include (a) interview with businessmen. (b) Questionnaires have been designed and distributed to some businessmen (especially at trade fair). The questionnaires have been designed for officers  in management cadre in public and private companies, shareholders, staff, partners and owners in sole proprietorship

 

CHAPTER ONE

 

  INTRODUCTION

          Financial accounting covers those activities related to the preparation of certain reports which are known as financial statement. These statements reports the financial status of a firm at a particular time the firms activities and resulting profit or losses during the most recent period and the flow of resources occurring within the firm during the same period.

This statement made by A. THOPSON MONTAOMERY gives us an idea on the meaning of financial accounting. However the question arises what are the efforts of these financial account reports in the management of business? The answer poses a problem which the paper will seek to solve. Not all business persons understand the impact of financial accounting information on the management of their business, some manages business intuitively. Other, like traffic defaulters who disobey road signs, disobey the warning of communicated by financial accounting information and end up in a “Business Accident”

There are other sources of information which have impact on the management of Business and the combination of these sources give an information system in the complex nature. As FARM WOOD puts it, “it must not be thought that accounting of any form is the management control system. Instead it is part of it”. But accounting information is the only system through which both mangers and external users get a picture of the organization as a total entity.

Moreover, financial accounting information usually comes in the disguised form by “wearing” the cloak of technicalities. Such technicalities include calculation which need expert knowledge in its interpretation. But when some business because of low financial layout, cannot employ such experts hands, they tend to ignore financial accounting information system which has an effect on the management of any business concern. The problem is: Do all businessmen know this? This is the question that the researcher seeks to answer also.

 

 

 

1.1    STATEMENT OF THE PROBLEM.

          Is very important for the functioning of any business. The finacial accounting system in most business organization do not potrary fully the principles of accounting systems. The flow of information, the cost of collecting any information and the internal control procedures have some loops holes.

In reality, it would be impossible for the researcher to study all the information system in all or even one of the organization. The study therefore involves a study of some typical financial accounting reporting on the management of a business. The researcher will carry out an empirical study and appraisal of a business financial accounting and see whether there is room for improvement to be made. It will therefore involve a review of the financial accounting and its related procedures.

 

1.2    PURPOSE OF STUDY

          The goal of every business is profit optimization. The management of most business exist primarily for this purpose. Whether the business ownership is separated from the management, the rules for profit optimization (or maximization as some books may choose to call it) are still the same. Profit optimization is used rather than maximization. In this paper because optimization has a social effect.

The mangement is able to do this as long as they are able to use their financial resources profitably they must know the effect which financial accounting information has on the management of the business. Financial accounting measures, by means of the reports they prepare the extent to which management has succeeded in their goals of profit optimization.

The report which serves as financial information of the accounting period has an impact on the future achievement of the business. This effect now becomes the goal of this research. The researcher seeks to know more about this effect (ie the financial accounting effect on the management of business) and also advices all business persons on the effect.

 

1.3    SIGNIFICANCE OF THE STUDY

          The research will be significant or useful in

  1. Examining the effect of financial accounting as information system.
  2. Directing the business person to such effect
  3. Warning, not only business persons but all person’s from neglect of financial accounting
  4. Encouraging all to obey head the warning of financial accounting information.

The following classes of people will find the work as useful references.

  1. Managers of companies, corporations and any other firm business whether such business are owned by management or not.
  2. Actual and potential leaders of money to business.
  3. Customers
  4. Owners and shareholders
  5. Government
  6. Other researchers.

 

1.4    STATEMENT OF HYPOTHESIS.

          Hypothesis is defined by the Encyclopedia Americana as “ a proposition assumed to be true merely for purpose of argument or a proposition/theory put forward to account for under a body of facts” The hypothesis of this research work are: this will be used.

  1. Financial accounting information has both positive and negative impact on the management of a business and as such there is a common need for accounting to supply to its owners information about the business.

HYPOTHESIS I

THE NULL HYPOTHESIS HO: Financial accounting information has negative impact on the management of a business.

THE ALTERNATIVE HYPOTHESIS H1: Financial accounting information has a positive impact on the management of a business.

HYPOTHESIS II

THE NULL HYPOTHESIS HO: Neglect of financial accounting information will not have any effect on the business.

THE ALTERNATIVE HYPOTHESIS H1:Neglect of financial accounting information will have effect on the business

 

1.5              SCOPE OF THE STUDY

          No research work is purely original. Something’s have to be drawn from work of others. With acknowledgement and appreciation, the researcher will include textbooks in all forms or branches of accounting. Textbooks in management, finance and marketing, magazines and encyclopedia will be used extensively.

Apart from extensive use of literature, other method of research will include.

  1. Interview with business / staff
  2. Questionnaires will be design and distributed to some businessmen. The questionnaires will be designed for officers in management of public and private companies, shareholders, pertness and owners in sole proprietorship.
  3.  A look into the document of some business and drawing heavily from such records is intended. Financial accounting information is often regarded as “figure” information and the method used in this research is the “transformation” of the data into information such be useful to both those who have knowledge of accounting and those who do not.

 

1.6           LIMITATION OF STUDY

A voluminous work would result, as it were in all research work done on all parts of account information generally (since this might lead to researching into all the different branches of accounting ie cost accounting financial accounting, Auditing etc. still voluminous would be a research into the financial accounting information since this would include what it is, how it can be prepared its usefulness effect, historical information interpretation, analysis and most of others.

Bearing this in mind this research work shall then be limited to THE EFFECT OF FINACIAL ACCOUNTING INFORMATION TO THE MANAGEMENT OF A BUSINESS.

The researcher is aware of the fact that other types of information play a part in management of a business but this research is based on the question. If those where types of information are readily available and only financial accounting information is lacky.

 

1.7    DEFINITION OF TERMS

The following are defined in this section

  1. Effect
  2. Financial accounting
  3. Information
  4. Management
  5. Business.
  6. EFFECT: The oxford Adrancer learners Dictionary of English dexntes effect as “ Influence one effect has on another” it can therefore be good or bad.
  7. FINANCIAL ACCOUNTING: Financial accounting “is concerned with the recording of transactions for a business enterprises or other economic units and the periodic preparation of various reports from such records”. Financial accounting then can be said to be a systematic gathering, summarizing and reporting of business transaction in monetary terms such that it provide information which permits informed judgment by the users of such information
  8. INFORMATION OR REPORT: These can be thought of as being facts needed or received by a person or group of persons which is or will be useful to him/her. These information or reports may be spoken / written programmed or teleprinted.
  9. MANAGEMENT: Management can be defined as the rational selection of courses of action to optimize the interrelationship of man, materials and money for the survival and growth of the organization. It can be regarded as the “process of getting things done through people” A person who manages is called a manager.
  10. BUSINESS: Business is a process whereby human materials amd capital resources are combined to earn/satisfy human needs and wants. An entity which carries on such organized efforts is known as a business entity.

 

 

TABLE OF CONTENT:

 

CHAPTER ONE

INTRODUCTION

1.1     Background of the Study

1.2     Statement of the Research Problem

1.3     Objectives of the Study

1.4     Significance of the Study

1.5     Research Questions

1.6     Research Hypothesis

1.7     Conceptual and Operational Definition

1.8     Assumptions

1.9     Limitations of the Study

 

CHAPTER TWO

LITERATURE REVIEW

2.1     Sources of Literature

2.2     The Review

2.3     Summary of Literature Review

 

CHAPTER THREE

RESEARCH METHODOLOGY

3.1     Research Method

3.2     Research Design

3.3     Research Sample

3.4     Measuring Instrument

3.5     Data Collection

3.6     Data Analysis

3.7     Expected Result

CHAPTER FOUR

DATA ANALYSIS AND RESULTS

4.1     Data Analysis

4.2     Results

4.3     Discussion

CHAPTER FIVE

SUMMARY AND RECOMMENDATIONS

5.1     Summary

5.2     Recommendations for Further Study

Bibliography

 

 

HOW TO GET THE FULL PROJECT WORK

 

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

 

HOW TO RECEIVE PROJECT MATERIAL(S)

After paying the appropriate amount (#5000) into our bank Account below, send the following information to

08139462710 or 08137701720

 

(1)    Your project topics

(2)     Email Address

(3)     Payment Name

(4)    Teller Number

We will send your material(s) immediately we receive bank alert

 

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 0046579864

Bank: GTBank.

 

OR

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 2023350498

Bank: UBA.

 

HOW TO IDENTIFY SCAM/FRAUD

As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

 

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

 

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

 

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

 

CAUTION/WARNING

Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project.  Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

 

That you ordered this material shows you have agreed not to copy word-to-word.

 

 

FOR MORE INFORMATION, CALL:

08139462710 or 08137701720

 

YOU CAN ALSO CALL:

08068231953, 08168759420

 

 

Visit any of our project websites below:

www.easyprojectmaterials.com

www.easyprojectmaterials.com.ng

www.easyprojectmaterial.net

www.easyprojectmaterial.net.ng

www.easyprojectsolutions.com

www.worldofnolimit.com

www.worldofnolimit.com

 

 

 

 

 

 

 

 

Tags:

14 days ago 0 Comments Short URL

THE IMPACT OF ACCOUNTING INFORMATION SYSTEM ON MANAGEMENT DECISION MAKING-A CASE STUDY OF NIGERIA BREWERIES PLC

CHAPTER ONE

INTRODUCTION

 

1.1        BACKGROUND OF THE STUDY

According to Reece, (1975), the accounting profession essentially involves the supply of information to decision makers.  Hence, it is not surprise that accountants have always been involved in many information related problems.  The need for this involvement is underscored by the avowed aim of accounting which according to the American association committee to prepare A statement of basic accounting theory (SOBAT, 1961).

SOBAT, (19610, described Accounting as the provision of relevant economic information to permit informed judgment and decision by users of the information.

The attainment of this objective, necessarily, requires both the identification as well as the disclosure of adequate amount of information considered relevant by the users.

Financial accounting covers those activities related to the preparation of certain reports which are known as financial statements.  These statements report the financial status of the firm at a particular time the firms activities and resulting profits and losses during the most recent period, and the flow of resources occurring within the firm during the same period.

Information, according to Reece, (1975) is a fact, datum, observation, perception or any other thing that adds to knowledge.

According to Joan, (1978), information is the information is the life wire of any organization.  He further said that the success of any organization whether profit or non-profit oriented depends particularly on how the information needs of the different levels of management are met.

Information can either be quantitative or non quantitative and out of many quantitative information, accounting is one.  It is distinguished from other types of information because it is usually expressed in monetary terms, though non-monetary information are also often contained in accounting reports in order to enhance the understanding of the manager.

Joan, (1978) affirmed that accounting information serves various uses; these users have different decisions to make and consequently, their information often differ.

In order that accounting information may be most useful, it is adapted to the particular needs of users.

-Shareholders and investors whose main concern is with the value of the capital investment and expected dividend.

-Management whose planning, controlling and decision making functions would be highly ineffective without quality information.  Financial reports are also an indication of management efficiency.

-Creditors and potential creditors such as bankers bondholders, suppliers of goods and services they deduce from accounting information, the profitability and financial soundness of the business to enable them decide whether to expand or decrease financial commitment in the business.

-Government, in order to calculate the company’s tax liabilities, regulates rules and evolve policies through the use of accounting information.

Employees who seek assurance of steady employer to ensure how frequently they would participate in company’s bonus, profit sharing and pension plans.

May, 1980, described that decision making is the process of choosing from among alternative courses of actions, conclusion and so forth, according to some criterion or criteria adopted by decision-making is the prime job of managers.  And for as long as men have been striving together to accomplish tasks of making decisions about scare resources in uncertain situations, management has been practiced, and information has been necked.

Making sound decisions is clearly an extremely important management function since they provide a basis for policy formulation and effect both the short and long term effectiveness of an organization.

Typically, a wide range of possible solutions and decisions can be found, and one of the managers key roles is to weight up these alternative opportunities and select.  This is as result of the fact that he often has to make decision within the frame-work of his resources, directives from his superiors and the time scale available.  Therefore, to make sound decision depends, in the first place, on the manager having a clear picture of what he is trying to achieve or what the problem entails.

To emphasize the importance of accounting information to the business management has only been made possible by accounting information.  Inevitably, business is financially oriented; it a process of using money to make money.  No management can escape having to pay out money for materials and services so as to be able to collect money in due course from the sale of its own products or services.  No management can avoid the necessity if it is to stay in business, for making a profit through an excess money income over money outgo.  And no management can succeed in doing this without accounting information for use in planning and control.

Historically, Nigerian Breweries Plc which was established in 1946 at Lagos.  It started production in 1949 producing star beer.  As at then it was wholly owed by Holland.  It was in 1973 that the indigenization decree made it possible for Nigeria to own 60% in the brewery.  They are Lagos plant Head quarter, Ibadan, Kaduna, Aba and Nineth mile plant.

1.2     STATEMENT OF PROBLEMS

Accounting information is a necessity in today’s business if they are to survive and grow.  Despite the importance of accounting information, some of the major problems of this study include the following:-

1.                 How accounting information is applied in policy making of Nigerian Breweries, Ninth mile.

2.                 How accounting information affect the level of performance in Nigerian Breweries.

3.                 How accounting information determine resources allocation in Nigerian Breweries.

4.                 What factors affect accounting information in Nigerian Breweries.

1.3     PURPOSE OF THE STUDY

The purpose of this study include the following

1.                 to find out how management of Nigerian Breweries apply accounting information in policy making.

2.                 to ascertain how accounting information in Nigerian Breweries affect the level of performance.

3.                 to find out how accounting information help in allocation of resources.

4.                 to find out what factors affect accounting information in Nigerian Breweries.

1.4            THE SCOPE OF THE STUDY

This research is limited to Nigerian Breweries, Nineth mile corner, Ngwo.

The main focus of study borders on policy-making, level of performance, resources allocations and factors affecting accounting information.

1.5            RESEARCH QUESTIONS

To guide the study, the following research questions were formulated as follows:-

1.                 To what extent does management of Nigerian Breweries apply accounting information in policy making?

2.                 to what extent has accounting information in Nigerian Breweries affect level of performance.

3.                 To what extent has accounting information determine resources allocation?

4.                 What are factors that affect effective accounting information in Nigeria Breweries?.

1.6            HYPOTHESIS

Four hypothesis have been formulated to further test the result of research questions follows:-

HO, There is no significant difference (PL:05) between the mean perception score of senior or junior staff of Nigerian Breweries on the extent of accounting information is applied in policy making.

HO2, There is no significant difference (Pl.05) between the mean perceptions.  Scores of senior and junior staff of Nigerian Breweries on the accounting information affect level of performance.

Ho3   There is no significant difference (pL.05) between senior and junior staff of Nigerian Breweries mean perception scores on how accounting information affect resources allocation.

Ho4   There is no significant difference (PL.05) between junior and senior staff mean perception scores of Nigerian Breweries on factors affecting accounting information.

1.7            SIGNIFICANCE OF THE STUDY

This research will be useful:

1.                   In further examination of the use of financial accounting as an information system.

2.                   To the management of companies as a tool for evaluating their performance and knowing whether they really take note of financial accounting information.

3.                   To management of the company under study as a standard for internal evaluation and control of actual performance.

4.                   To other researchers or research scholars who may wish to carry out further research on the subject matter and other related topic.

5.                   The most important contribution of this work is that it will provide insight on how business organization relies on financial accounting information for decision making.

 

TABLE OF CONTENT:

 

CHAPTER ONE

INTRODUCTION

1.1     Background of the Study

1.2     Statement of the Research Problem

1.3     Objectives of the Study

1.4     Significance of the Study

1.5     Research Questions

1.6     Research Hypothesis

1.7     Conceptual and Operational Definition

1.8     Assumptions

1.9     Limitations of the Study

 

CHAPTER TWO

LITERATURE REVIEW

2.1     Sources of Literature

2.2     The Review

2.3     Summary of Literature Review

 

CHAPTER THREE

RESEARCH METHODOLOGY

3.1     Research Method

3.2     Research Design

3.3     Research Sample

3.4     Measuring Instrument

3.5     Data Collection

3.6     Data Analysis

3.7     Expected Result

CHAPTER FOUR

DATA ANALYSIS AND RESULTS

4.1     Data Analysis

4.2     Results

4.3     Discussion

CHAPTER FIVE

SUMMARY AND RECOMMENDATIONS

5.1     Summary

5.2     Recommendations for Further Study

Bibliography

 

 

HOW TO GET THE FULL PROJECT WORK

 

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

HOW TO RECEIVE PROJECT MATERIAL(S)

After paying the appropriate amount (#3000) into our bank Account below, send the following information to

08139462710 or 08137701720

 

(1)Your project topics

(2) Email Address

(3) Payment Name

(4)Teller Number

We will send your material(s) immediately we receive bank alert

 

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 0046579864

Bank: GTBank.

 

OR

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 2023350498

Bank: UBA.

 

HOW TO IDENTIFY SCAM/FRAUD

As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

 

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

 

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

 

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

 

CAUTION/WARNING

Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project.  Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

 

That you ordered this material shows you have agreed not to copy word-to-word.

 

 

FOR MORE INFORMATION, CALL:

08139462710 or 08137701720

 

YOU CAN ALSO CALL:

08068231953, 08168759420

 

 

Visit any of our project websites below:

www.easyprojectmaterials.com

www.easyprojectmaterials.com.ng

www.easyprojectmaterial.net

www.easyprojectmaterial.net.ng

www.easyprojectsolutions.com

www.worldofnolimit.com

www.worldofnolimit.com

 

 

 

 

Tags:

24 days ago 0 Comments Short URL

THE IMPACT OF ACCOUNTING INFORMATION SYSTEM ON MANAGEMENT DECISION MAKING-A CASE STUDY OF NIGERIA BREWERIES PLC

CHAPTER ONE

INTRODUCTION

 

1.1        BACKGROUND OF THE STUDY

According to Reece, (1975), the accounting profession essentially involves the supply of information to decision makers.  Hence, it is not surprise that accountants have always been involved in many information related problems.  The need for this involvement is underscored by the avowed aim of accounting which according to the American association committee to prepare A statement of basic accounting theory (SOBAT, 1961).

SOBAT, (19610, described Accounting as the provision of relevant economic information to permit informed judgment and decision by users of the information.

The attainment of this objective, necessarily, requires both the identification as well as the disclosure of adequate amount of information considered relevant by the users.

Financial accounting covers those activities related to the preparation of certain reports which are known as financial statements.  These statements report the financial status of the firm at a particular time the firms activities and resulting profits and losses during the most recent period, and the flow of resources occurring within the firm during the same period.

Information, according to Reece, (1975) is a fact, datum, observation, perception or any other thing that adds to knowledge.

According to Joan, (1978), information is the information is the life wire of any organization.  He further said that the success of any organization whether profit or non-profit oriented depends particularly on how the information needs of the different levels of management are met.

Information can either be quantitative or non quantitative and out of many quantitative information, accounting is one.  It is distinguished from other types of information because it is usually expressed in monetary terms, though non-monetary information are also often contained in accounting reports in order to enhance the understanding of the manager.

Joan, (1978) affirmed that accounting information serves various uses; these users have different decisions to make and consequently, their information often differ.

In order that accounting information may be most useful, it is adapted to the particular needs of users.

-Shareholders and investors whose main concern is with the value of the capital investment and expected dividend.

-Management whose planning, controlling and decision making functions would be highly ineffective without quality information.  Financial reports are also an indication of management efficiency.

-Creditors and potential creditors such as bankers bondholders, suppliers of goods and services they deduce from accounting information, the profitability and financial soundness of the business to enable them decide whether to expand or decrease financial commitment in the business.

-Government, in order to calculate the company’s tax liabilities, regulates rules and evolve policies through the use of accounting information.

Employees who seek assurance of steady employer to ensure how frequently they would participate in company’s bonus, profit sharing and pension plans.

May, 1980, described that decision making is the process of choosing from among alternative courses of actions, conclusion and so forth, according to some criterion or criteria adopted by decision-making is the prime job of managers.  And for as long as men have been striving together to accomplish tasks of making decisions about scare resources in uncertain situations, management has been practiced, and information has been necked.

Making sound decisions is clearly an extremely important management function since they provide a basis for policy formulation and effect both the short and long term effectiveness of an organization.

Typically, a wide range of possible solutions and decisions can be found, and one of the managers key roles is to weight up these alternative opportunities and select.  This is as result of the fact that he often has to make decision within the frame-work of his resources, directives from his superiors and the time scale available.  Therefore, to make sound decision depends, in the first place, on the manager having a clear picture of what he is trying to achieve or what the problem entails.

To emphasize the importance of accounting information to the business management has only been made possible by accounting information.  Inevitably, business is financially oriented; it a process of using money to make money.  No management can escape having to pay out money for materials and services so as to be able to collect money in due course from the sale of its own products or services.  No management can avoid the necessity if it is to stay in business, for making a profit through an excess money income over money outgo.  And no management can succeed in doing this without accounting information for use in planning and control.

Historically, Nigerian Breweries Plc which was established in 1946 at Lagos.  It started production in 1949 producing star beer.  As at then it was wholly owed by Holland.  It was in 1973 that the indigenization decree made it possible for Nigeria to own 60% in the brewery.  They are Lagos plant Head quarter, Ibadan, Kaduna, Aba and Nineth mile plant.

1.2     STATEMENT OF PROBLEMS

Accounting information is a necessity in today’s business if they are to survive and grow.  Despite the importance of accounting information, some of the major problems of this study include the following:-

1.                 How accounting information is applied in policy making of Nigerian Breweries, Ninth mile.

2.                 How accounting information affect the level of performance in Nigerian Breweries.

3.                 How accounting information determine resources allocation in Nigerian Breweries.

4.                 What factors affect accounting information in Nigerian Breweries.

1.3     PURPOSE OF THE STUDY

The purpose of this study include the following

1.                 to find out how management of Nigerian Breweries apply accounting information in policy making.

2.                 to ascertain how accounting information in Nigerian Breweries affect the level of performance.

3.                 to find out how accounting information help in allocation of resources.

4.                 to find out what factors affect accounting information in Nigerian Breweries.

1.4            THE SCOPE OF THE STUDY

This research is limited to Nigerian Breweries, Nineth mile corner, Ngwo.

The main focus of study borders on policy-making, level of performance, resources allocations and factors affecting accounting information.

1.5            RESEARCH QUESTIONS

To guide the study, the following research questions were formulated as follows:-

1.                 To what extent does management of Nigerian Breweries apply accounting information in policy making?

2.                 to what extent has accounting information in Nigerian Breweries affect level of performance.

3.                 To what extent has accounting information determine resources allocation?

4.                 What are factors that affect effective accounting information in Nigeria Breweries?.

1.6            HYPOTHESIS

Four hypothesis have been formulated to further test the result of research questions follows:-

HO, There is no significant difference (PL:05) between the mean perception score of senior or junior staff of Nigerian Breweries on the extent of accounting information is applied in policy making.

HO2, There is no significant difference (Pl.05) between the mean perceptions.  Scores of senior and junior staff of Nigerian Breweries on the accounting information affect level of performance.

Ho3   There is no significant difference (pL.05) between senior and junior staff of Nigerian Breweries mean perception scores on how accounting information affect resources allocation.

Ho4   There is no significant difference (PL.05) between junior and senior staff mean perception scores of Nigerian Breweries on factors affecting accounting information.

1.7            SIGNIFICANCE OF THE STUDY

This research will be useful:

1.                   In further examination of the use of financial accounting as an information system.

2.                   To the management of companies as a tool for evaluating their performance and knowing whether they really take note of financial accounting information.

3.                   To management of the company under study as a standard for internal evaluation and control of actual performance.

4.                   To other researchers or research scholars who may wish to carry out further research on the subject matter and other related topic.

5.                   The most important contribution of this work is that it will provide insight on how business organization relies on financial accounting information for decision making.

 

TABLE OF CONTENT:

 

CHAPTER ONE

INTRODUCTION

1.1     Background of the Study

1.2     Statement of the Research Problem

1.3     Objectives of the Study

1.4     Significance of the Study

1.5     Research Questions

1.6     Research Hypothesis

1.7     Conceptual and Operational Definition

1.8     Assumptions

1.9     Limitations of the Study

 

CHAPTER TWO

LITERATURE REVIEW

2.1     Sources of Literature

2.2     The Review

2.3     Summary of Literature Review

 

CHAPTER THREE

RESEARCH METHODOLOGY

3.1     Research Method

3.2     Research Design

3.3     Research Sample

3.4     Measuring Instrument

3.5     Data Collection

3.6     Data Analysis

3.7     Expected Result

CHAPTER FOUR

DATA ANALYSIS AND RESULTS

4.1     Data Analysis

4.2     Results

4.3     Discussion

CHAPTER FIVE

SUMMARY AND RECOMMENDATIONS

5.1     Summary

5.2     Recommendations for Further Study

Bibliography

 

 

HOW TO GET THE FULL PROJECT WORK

 

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

HOW TO RECEIVE PROJECT MATERIAL(S)

After paying the appropriate amount (#10000) into our bank Account below, send the following information to

08139462710 or 08137701720

 

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(2) Email Address

(3) Payment Name

(4)Teller Number

We will send your material(s) immediately we receive bank alert

 

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 0046579864

Bank: GTBank.

 

OR

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 2023350498

Bank: UBA.

 

HOW TO IDENTIFY SCAM/FRAUD

As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

 

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

 

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

 

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

 

CAUTION/WARNING

Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project.  Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

 

That you ordered this material shows you have agreed not to copy word-to-word.

 

 

FOR MORE INFORMATION, CALL:

08139462710 or 08137701720

 

YOU CAN ALSO CALL:

08068231953, 08168759420

 

 

Visit any of our project websites below:

www.easyprojectmaterials.com

www.easyprojectmaterials.com.ng

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www.easyprojectmaterial.net.ng

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24 days ago 0 Comments Short URL

THE IMPACT OF ACCOUNTING INFORMATION SYSTEM ON MANAGEMENT DECISION MAKING-A CASE STUDY OF NIGERIA BREWERIES PLC

CHAPTER ONE

INTRODUCTION

 

1.1        BACKGROUND OF THE STUDY

According to Reece, (1975), the accounting profession essentially involves the supply of information to decision makers.  Hence, it is not surprise that accountants have always been involved in many information related problems.  The need for this involvement is underscored by the avowed aim of accounting which according to the American association committee to prepare A statement of basic accounting theory (SOBAT, 1961).

SOBAT, (19610, described Accounting as the provision of relevant economic information to permit informed judgment and decision by users of the information.

The attainment of this objective, necessarily, requires both the identification as well as the disclosure of adequate amount of information considered relevant by the users.

Financial accounting covers those activities related to the preparation of certain reports which are known as financial statements.  These statements report the financial status of the firm at a particular time the firms activities and resulting profits and losses during the most recent period, and the flow of resources occurring within the firm during the same period.

Information, according to Reece, (1975) is a fact, datum, observation, perception or any other thing that adds to knowledge.

According to Joan, (1978), information is the information is the life wire of any organization.  He further said that the success of any organization whether profit or non-profit oriented depends particularly on how the information needs of the different levels of management are met.

Information can either be quantitative or non quantitative and out of many quantitative information, accounting is one.  It is distinguished from other types of information because it is usually expressed in monetary terms, though non-monetary information are also often contained in accounting reports in order to enhance the understanding of the manager.

Joan, (1978) affirmed that accounting information serves various uses; these users have different decisions to make and consequently, their information often differ.

In order that accounting information may be most useful, it is adapted to the particular needs of users.

-Shareholders and investors whose main concern is with the value of the capital investment and expected dividend.

-Management whose planning, controlling and decision making functions would be highly ineffective without quality information.  Financial reports are also an indication of management efficiency.

-Creditors and potential creditors such as bankers bondholders, suppliers of goods and services they deduce from accounting information, the profitability and financial soundness of the business to enable them decide whether to expand or decrease financial commitment in the business.

-Government, in order to calculate the company’s tax liabilities, regulates rules and evolve policies through the use of accounting information.

Employees who seek assurance of steady employer to ensure how frequently they would participate in company’s bonus, profit sharing and pension plans.

May, 1980, described that decision making is the process of choosing from among alternative courses of actions, conclusion and so forth, according to some criterion or criteria adopted by decision-making is the prime job of managers.  And for as long as men have been striving together to accomplish tasks of making decisions about scare resources in uncertain situations, management has been practiced, and information has been necked.

Making sound decisions is clearly an extremely important management function since they provide a basis for policy formulation and effect both the short and long term effectiveness of an organization.

Typically, a wide range of possible solutions and decisions can be found, and one of the managers key roles is to weight up these alternative opportunities and select.  This is as result of the fact that he often has to make decision within the frame-work of his resources, directives from his superiors and the time scale available.  Therefore, to make sound decision depends, in the first place, on the manager having a clear picture of what he is trying to achieve or what the problem entails.

To emphasize the importance of accounting information to the business management has only been made possible by accounting information.  Inevitably, business is financially oriented; it a process of using money to make money.  No management can escape having to pay out money for materials and services so as to be able to collect money in due course from the sale of its own products or services.  No management can avoid the necessity if it is to stay in business, for making a profit through an excess money income over money outgo.  And no management can succeed in doing this without accounting information for use in planning and control.

Historically, Nigerian Breweries Plc which was established in 1946 at Lagos.  It started production in 1949 producing star beer.  As at then it was wholly owed by Holland.  It was in 1973 that the indigenization decree made it possible for Nigeria to own 60% in the brewery.  They are Lagos plant Head quarter, Ibadan, Kaduna, Aba and Nineth mile plant.

1.2     STATEMENT OF PROBLEMS

Accounting information is a necessity in today’s business if they are to survive and grow.  Despite the importance of accounting information, some of the major problems of this study include the following:-

1.                 How accounting information is applied in policy making of Nigerian Breweries, Ninth mile.

2.                 How accounting information affect the level of performance in Nigerian Breweries.

3.                 How accounting information determine resources allocation in Nigerian Breweries.

4.                 What factors affect accounting information in Nigerian Breweries.

1.3     PURPOSE OF THE STUDY

The purpose of this study include the following

1.                 to find out how management of Nigerian Breweries apply accounting information in policy making.

2.                 to ascertain how accounting information in Nigerian Breweries affect the level of performance.

3.                 to find out how accounting information help in allocation of resources.

4.                 to find out what factors affect accounting information in Nigerian Breweries.

1.4            THE SCOPE OF THE STUDY

This research is limited to Nigerian Breweries, Nineth mile corner, Ngwo.

The main focus of study borders on policy-making, level of performance, resources allocations and factors affecting accounting information.

1.5            RESEARCH QUESTIONS

To guide the study, the following research questions were formulated as follows:-

1.                 To what extent does management of Nigerian Breweries apply accounting information in policy making?

2.                 to what extent has accounting information in Nigerian Breweries affect level of performance.

3.                 To what extent has accounting information determine resources allocation?

4.                 What are factors that affect effective accounting information in Nigeria Breweries?.

1.6            HYPOTHESIS

Four hypothesis have been formulated to further test the result of research questions follows:-

HO, There is no significant difference (PL:05) between the mean perception score of senior or junior staff of Nigerian Breweries on the extent of accounting information is applied in policy making.

HO2, There is no significant difference (Pl.05) between the mean perceptions.  Scores of senior and junior staff of Nigerian Breweries on the accounting information affect level of performance.

Ho3   There is no significant difference (pL.05) between senior and junior staff of Nigerian Breweries mean perception scores on how accounting information affect resources allocation.

Ho4   There is no significant difference (PL.05) between junior and senior staff mean perception scores of Nigerian Breweries on factors affecting accounting information.

1.7            SIGNIFICANCE OF THE STUDY

This research will be useful:

1.                   In further examination of the use of financial accounting as an information system.

2.                   To the management of companies as a tool for evaluating their performance and knowing whether they really take note of financial accounting information.

3.                   To management of the company under study as a standard for internal evaluation and control of actual performance.

4.                   To other researchers or research scholars who may wish to carry out further research on the subject matter and other related topic.

5.                   The most important contribution of this work is that it will provide insight on how business organization relies on financial accounting information for decision making.

 

TABLE OF CONTENT:

 

CHAPTER ONE

INTRODUCTION

1.1     Background of the Study

1.2     Statement of the Research Problem

1.3     Objectives of the Study

1.4     Significance of the Study

1.5     Research Questions

1.6     Research Hypothesis

1.7     Conceptual and Operational Definition

1.8     Assumptions

1.9     Limitations of the Study

 

CHAPTER TWO

LITERATURE REVIEW

2.1     Sources of Literature

2.2     The Review

2.3     Summary of Literature Review

 

CHAPTER THREE

RESEARCH METHODOLOGY

3.1     Research Method

3.2     Research Design

3.3     Research Sample

3.4     Measuring Instrument

3.5     Data Collection

3.6     Data Analysis

3.7     Expected Result

CHAPTER FOUR

DATA ANALYSIS AND RESULTS

4.1     Data Analysis

4.2     Results

4.3     Discussion

CHAPTER FIVE

SUMMARY AND RECOMMENDATIONS

5.1     Summary

5.2     Recommendations for Further Study

Bibliography

 

 

HOW TO GET THE FULL PROJECT WORK

 

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

HOW TO RECEIVE PROJECT MATERIAL(S)

After paying the appropriate amount (#5000) into our bank Account below, send the following information to

08139462710 or 08137701720

 

(1)Your project topics

(2) Email Address

(3) Payment Name

(4)Teller Number

We will send your material(s) immediately we receive bank alert

 

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 0046579864

Bank: GTBank.

 

OR

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 2023350498

Bank: UBA.

 

HOW TO IDENTIFY SCAM/FRAUD

As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

 

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

 

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

 

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

 

CAUTION/WARNING

Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project.  Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

 

That you ordered this material shows you have agreed not to copy word-to-word.

 

 

FOR MORE INFORMATION, CALL:

08139462710 or 08137701720

 

YOU CAN ALSO CALL:

08068231953, 08168759420

 

 

Visit any of our project websites below:

www.easyprojectmaterials.com

www.easyprojectmaterials.com.ng

www.easyprojectmaterial.net

www.easyprojectmaterial.net.ng

www.easyprojectsolutions.com

www.worldofnolimit.com

www.worldofnolimit.com

 

 

 

 

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24 days ago 0 Comments Short URL

THE IMPACT OF ACCOUNTING ON ORGANISATION EFFECTIVENESS A CASE STUDY OF FEDERAL PAY OFFICE, ENUGU

ABSTRACT

The need for keeping prompt and accurate record of transaction in the government services of the receipt and disbursement of public fund cannot be over-emphasized. This is why the officers of the Accountant –General of the federation in whose hands this duty falls, has over the years been engaged in the determination of procedure to achieve an optimum effectiveness of these recordings.

The management of public fund regimes an appropriate and comprehensive accounting system. This has necessitated the formulation of a number of control measure to ensure accountability and probity right from the budget proposal level to the actual implementation.

As government spending grows, there is the need to do more than our tailing spending within appropriate amount as it is entirely possible to expend money without reaping the reward for such scientific. Thus, the need to evaluate the benefits and manage the costs become more essential. This is the enrolment of accounting, and its efficiency and effectiveness manifests the impact on the governed.

CHAPTER ONE

INTRODUCTION

1.1    BACKGROUND OF STUDY

The management and control of the public fund is the heart of government administration. This calls for the need for an acceptable accounting system that will comprehensively prefer solution to the accounting needs of the government on public funds is governed by the financial (control and management). Act of 1958 A to E into section 154, dealing with the operation of the consideration Amendment of 1957 which inserted sub –154 A to E into section 154, dealing operation of the constrained therein formed the based of the financial Act which were replicated with slight changes in the 1979 and 1989 constitution, Higher to , government accounting is regulated by section 129 –145 of the constitution, the laws enacted by government in power, the financial control and management Act 1958, by decree and acts enacted from time to time.

The management and control of the public fund is invested on the federal ministry of finance and this rests on the shoulders of the Treasury now referred to as the office of the Accountant General.

In the treasury its self, functions and duties are streamlined to a set of guide. This is because government accounting is based strictly on cash”.

The expenditure and receipts for the year are balanced and closed for the year and there is no transfer to the next period.

The financial regulation, treasury accounting manual, and regulation. That guide the treasury in the management and control of the public find of the government whose objective is service.

This study is directed to a division of the treasury the federal pay office, Enugu. It will be concerned mainly with the duties and functions of the office, the effectiveness of the accounting as it relates to the goals of the

Government which is service. The study will also determines to what extent the principles, rules and regulation governing. The government accounting system is being utilized and its effect on the general public.

The federal pay office, Enugu which is the main focus of this work has the following as its main general duties:

i. receiving and payment of cash.

ii. Keeping of cash book to record all the cash transaction.

iii. Operation of a bank account on which cheques are drawn.

iv. Providing information on the cash position at a given date.

Effectiveness of these duties are enhanced through the establishment of internal check system in its operation to minimize fraud and loss of funds.

The federal pay officer is the head of this office. Going by the provision of financial regulation (ff) section 104 (II), the officer “ is entrusted with the receipts, custody and disbursement of public money and is required to keep one of the recognized cash books, the transaction in which are subsequence embodies in the accounts rendered by the accountant – general of the federation”.

The office is segmented into eight (8) sections top facilitate efficient and effective performance of duties as stated above.

1.2 STATEMENT OF PROBLEM:

There has always been the call for proper accounting of the public fund. The treasury being the custodian of the public fund, has as its motor: accountability probity and transparency.

The federal; pay office, Enugu, being part of treasury is banqueted with the same number of problems that hinder the effectiveness of the established accounting system.

This study is focused on the following identified problems:

a. Delay in the preparation of final accounts monthly transcript.

b. Delay in the preparation of bank reconciliation statement.

c. Rate remittance/ cash transfers.

d. Inadequate method of revenue collection and control.

e. Inadequate staffing.

This research work is set to prefer a solution to these constraints that militate against the effectiveness of the established accounting system and its subsequent impact.

1.3 PURPOSE OF THE STUDY

In the light of the statements in 1.2, above, this research aims at ascertaining the impact and significance of government accounting system and then identify the other courses of its ineffectiveness or other wise in the federal pay office, Enugu.

The study also aims at analyzing the following:

a. the role played by the office in ensuring accountability of the public funds.

b. The extent of compliance with the financial regulation and treasury circulates etc., on the disbarment of funds etc by person or authorities entrusted with such responsibilities.

c. The extent to which fraud, misappropriation and embezzlement of public fund have persisted.

d. The cause of delay or tonight neglect in the implementation of the laid dawn accounting principles, rules and regulations.

e. The extent to which inadequate and inexperience suffering have contributed to the poor performance of the office in the government accounting system.

1.4.1 RESEARCH QUESTIONS

In view of the points raised in the statement of problems above the following research questions were formulated.

a. are the officers mining the key result area of the right caliber in terms of qualification and performance.

b. To what extent has the federal pay office strived in enforcing the implementation of the rules etc.

c. To what extent do the ministries / department accountable to the federal pay office comply with financial regulation and other guide in the performance of their duties?

d. What problems do the accounting officers encounter in the course of their duties?

1.4.2 HYPOTHESIS:

As a guide to determining the effectiveness and impact of the above, the following hypothetical statements are necessary.

1.      QUALIFICATION

H0 : The officers manning the key results area are not qualified.

Hi: The officers manning the key result area are really qualified to do the job.

2.      IMPLEMETATION

H0 : The federal pay office do not enforce the implementation of the rules.

Hi: The federal pay office ensures that the rules are properly implemented.

3.      COMPLIANCE

H0: The ministries/department accountable to the federal pay office do not comply with the guide as provided in the financial regulation.

4.      PROBLEMS ENCOUNTERED:

H0: Accounting officers do not encounter any form of difficulty in the course of their duties.

Hi: Accounting officers normally encounter problems in the course of their duties.

1.5    SCOPE OF THE STUDY;

The scope of this study is how the federal pay office, Enugu, as a division of the treasury, discharged it duties.

The main focus is on its compliance to the treasury requirement, the enforcement of the rules and regulation on the ministries /department are accountable to it, the impact and effectiveness of the accounting system including the short coming.

1.6    SIGNIFICANCE OF STUDY:

This research work is of great importance to the general public, the government and the researcher.

To the general public, it will help to educate them properly on the duties and function of the treasury in general and the federal pay office in particular.

It will serve as a front to the reduction of incidence of fraud and malpractice.

To the government, the out come of this research will go a long way in making the government realise its objective as people will be more aware of government intentions. It will as well enhance the implementation of the government accounting problems in government establishments.

This work will expose the research to the mastery of the government accounting system and its procedures, which is different from commercial accounting system.

TABLE OF CONTENT:

 

CHAPTER ONE

INTRODUCTION

1.1     Background of the Study

1.2     Statement of the Research Problem

1.3     Objectives of the Study

1.4     Significance of the Study

1.5     Research Questions

1.6     Research Hypothesis

1.7     Conceptual and Operational Definition

1.8     Assumptions

1.9     Limitations of the Study

 

CHAPTER TWO

LITERATURE REVIEW

2.1     Sources of Literature

2.2     The Review

2.3     Summary of Literature Review

 

CHAPTER THREE

RESEARCH METHODOLOGY

3.1     Research Method

3.2     Research Design

3.3     Research Sample

3.4     Measuring Instrument

3.5     Data Collection

3.6     Data Analysis

3.7     Expected Result

CHAPTER FOUR

DATA ANALYSIS AND RESULTS

4.1     Data Analysis

4.2     Results

4.3     Discussion

CHAPTER FIVE

SUMMARY AND RECOMMENDATIONS

5.1     Summary

5.2     Recommendations for Further Study

Bibliography

 

 

HOW TO GET THE FULL PROJECT WORK

 

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

HOW TO RECEIVE PROJECT MATERIAL(S)

After paying the appropriate amount (#3000) into our bank Account below, send the following information to

08139462710 or 08137701720

 

(1)Your project topics

(2) Email Address

(3) Payment Name

(4)Teller Number

We will send your material(s) immediately we receive bank alert

 

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 0046579864

Bank: GTBank.

 

OR

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 2023350498

Bank: UBA.

 

HOW TO IDENTIFY SCAM/FRAUD

As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

 

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

 

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

 

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

 

CAUTION/WARNING

Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project.  Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

 

That you ordered this material shows you have agreed not to copy word-to-word.

 

 

FOR MORE INFORMATION, CALL:

08139462710 or 08137701720

 

YOU CAN ALSO CALL:

08068231953, 08168759420

 

 

Visit any of our project websites below:

www.easyprojectmaterials.com

www.easyprojectmaterials.com.ng

www.easyprojectmaterial.net

www.easyprojectmaterial.net.ng

www.easyprojectsolutions.com

www.worldofnolimit.com

www.worldofnolimit.com

 

 

 

Tags: ,

24 days ago 0 Comments Short URL

THE IMPACT OF ACCOUNTING ON ORGANISATION EFFECTIVENESS A CASE STUDY OF FEDERAL PAY OFFICE, ENUGU

ABSTRACT

The need for keeping prompt and accurate record of transaction in the government services of the receipt and disbursement of public fund cannot be over-emphasized. This is why the officers of the Accountant –General of the federation in whose hands this duty falls, has over the years been engaged in the determination of procedure to achieve an optimum effectiveness of these recordings.

The management of public fund regimes an appropriate and comprehensive accounting system. This has necessitated the formulation of a number of control measure to ensure accountability and probity right from the budget proposal level to the actual implementation.

As government spending grows, there is the need to do more than our tailing spending within appropriate amount as it is entirely possible to expend money without reaping the reward for such scientific. Thus, the need to evaluate the benefits and manage the costs become more essential. This is the enrolment of accounting, and its efficiency and effectiveness manifests the impact on the governed.

CHAPTER ONE

INTRODUCTION

1.1    BACKGROUND OF STUDY

The management and control of the public fund is the heart of government administration. This calls for the need for an acceptable accounting system that will comprehensively prefer solution to the accounting needs of the government on public funds is governed by the financial (control and management). Act of 1958 A to E into section 154, dealing with the operation of the consideration Amendment of 1957 which inserted sub –154 A to E into section 154, dealing operation of the constrained therein formed the based of the financial Act which were replicated with slight changes in the 1979 and 1989 constitution, Higher to , government accounting is regulated by section 129 –145 of the constitution, the laws enacted by government in power, the financial control and management Act 1958, by decree and acts enacted from time to time.

The management and control of the public fund is invested on the federal ministry of finance and this rests on the shoulders of the Treasury now referred to as the office of the Accountant General.

In the treasury its self, functions and duties are streamlined to a set of guide. This is because government accounting is based strictly on cash”.

The expenditure and receipts for the year are balanced and closed for the year and there is no transfer to the next period.

The financial regulation, treasury accounting manual, and regulation. That guide the treasury in the management and control of the public find of the government whose objective is service.

This study is directed to a division of the treasury the federal pay office, Enugu. It will be concerned mainly with the duties and functions of the office, the effectiveness of the accounting as it relates to the goals of the

Government which is service. The study will also determines to what extent the principles, rules and regulation governing. The government accounting system is being utilized and its effect on the general public.

The federal pay office, Enugu which is the main focus of this work has the following as its main general duties:

i. receiving and payment of cash.

ii. Keeping of cash book to record all the cash transaction.

iii. Operation of a bank account on which cheques are drawn.

iv. Providing information on the cash position at a given date.

Effectiveness of these duties are enhanced through the establishment of internal check system in its operation to minimize fraud and loss of funds.

The federal pay officer is the head of this office. Going by the provision of financial regulation (ff) section 104 (II), the officer “ is entrusted with the receipts, custody and disbursement of public money and is required to keep one of the recognized cash books, the transaction in which are subsequence embodies in the accounts rendered by the accountant – general of the federation”.

The office is segmented into eight (8) sections top facilitate efficient and effective performance of duties as stated above.

1.2 STATEMENT OF PROBLEM:

There has always been the call for proper accounting of the public fund. The treasury being the custodian of the public fund, has as its motor: accountability probity and transparency.

The federal; pay office, Enugu, being part of treasury is banqueted with the same number of problems that hinder the effectiveness of the established accounting system.

This study is focused on the following identified problems:

a. Delay in the preparation of final accounts monthly transcript.

b. Delay in the preparation of bank reconciliation statement.

c. Rate remittance/ cash transfers.

d. Inadequate method of revenue collection and control.

e. Inadequate staffing.

This research work is set to prefer a solution to these constraints that militate against the effectiveness of the established accounting system and its subsequent impact.

1.3 PURPOSE OF THE STUDY

In the light of the statements in 1.2, above, this research aims at ascertaining the impact and significance of government accounting system and then identify the other courses of its ineffectiveness or other wise in the federal pay office, Enugu.

The study also aims at analyzing the following:

a. the role played by the office in ensuring accountability of the public funds.

b. The extent of compliance with the financial regulation and treasury circulates etc., on the disbarment of funds etc by person or authorities entrusted with such responsibilities.

c. The extent to which fraud, misappropriation and embezzlement of public fund have persisted.

d. The cause of delay or tonight neglect in the implementation of the laid dawn accounting principles, rules and regulations.

e. The extent to which inadequate and inexperience suffering have contributed to the poor performance of the office in the government accounting system.

1.4.1 RESEARCH QUESTIONS

In view of the points raised in the statement of problems above the following research questions were formulated.

a. are the officers mining the key result area of the right caliber in terms of qualification and performance.

b. To what extent has the federal pay office strived in enforcing the implementation of the rules etc.

c. To what extent do the ministries / department accountable to the federal pay office comply with financial regulation and other guide in the performance of their duties?

d. What problems do the accounting officers encounter in the course of their duties?

1.4.2 HYPOTHESIS:

As a guide to determining the effectiveness and impact of the above, the following hypothetical statements are necessary.

1.      QUALIFICATION

H0 : The officers manning the key results area are not qualified.

Hi: The officers manning the key result area are really qualified to do the job.

2.      IMPLEMETATION

H0 : The federal pay office do not enforce the implementation of the rules.

Hi: The federal pay office ensures that the rules are properly implemented.

3.      COMPLIANCE

H0: The ministries/department accountable to the federal pay office do not comply with the guide as provided in the financial regulation.

4.      PROBLEMS ENCOUNTERED:

H0: Accounting officers do not encounter any form of difficulty in the course of their duties.

Hi: Accounting officers normally encounter problems in the course of their duties.

1.5    SCOPE OF THE STUDY;

The scope of this study is how the federal pay office, Enugu, as a division of the treasury, discharged it duties.

The main focus is on its compliance to the treasury requirement, the enforcement of the rules and regulation on the ministries /department are accountable to it, the impact and effectiveness of the accounting system including the short coming.

1.6    SIGNIFICANCE OF STUDY:

This research work is of great importance to the general public, the government and the researcher.

To the general public, it will help to educate them properly on the duties and function of the treasury in general and the federal pay office in particular.

It will serve as a front to the reduction of incidence of fraud and malpractice.

To the government, the out come of this research will go a long way in making the government realise its objective as people will be more aware of government intentions. It will as well enhance the implementation of the government accounting problems in government establishments.

This work will expose the research to the mastery of the government accounting system and its procedures, which is different from commercial accounting system.

TABLE OF CONTENT:

 

CHAPTER ONE

INTRODUCTION

1.1     Background of the Study

1.2     Statement of the Research Problem

1.3     Objectives of the Study

1.4     Significance of the Study

1.5     Research Questions

1.6     Research Hypothesis

1.7     Conceptual and Operational Definition

1.8     Assumptions

1.9     Limitations of the Study

 

CHAPTER TWO

LITERATURE REVIEW

2.1     Sources of Literature

2.2     The Review

2.3     Summary of Literature Review

 

CHAPTER THREE

RESEARCH METHODOLOGY

3.1     Research Method

3.2     Research Design

3.3     Research Sample

3.4     Measuring Instrument

3.5     Data Collection

3.6     Data Analysis

3.7     Expected Result

CHAPTER FOUR

DATA ANALYSIS AND RESULTS

4.1     Data Analysis

4.2     Results

4.3     Discussion

CHAPTER FIVE

SUMMARY AND RECOMMENDATIONS

5.1     Summary

5.2     Recommendations for Further Study

Bibliography

 

 

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24 days ago 0 Comments Short URL

THE IMPACT OF ACCOUNTING ON ORGANISATION EFFECTIVENESS A CASE STUDY OF FEDERAL PAY OFFICE, ENUGU

ABSTRACT

The need for keeping prompt and accurate record of transaction in the government services of the receipt and disbursement of public fund cannot be over-emphasized. This is why the officers of the Accountant –General of the federation in whose hands this duty falls, has over the years been engaged in the determination of procedure to achieve an optimum effectiveness of these recordings.

The management of public fund regimes an appropriate and comprehensive accounting system. This has necessitated the formulation of a number of control measure to ensure accountability and probity right from the budget proposal level to the actual implementation.

As government spending grows, there is the need to do more than our tailing spending within appropriate amount as it is entirely possible to expend money without reaping the reward for such scientific. Thus, the need to evaluate the benefits and manage the costs become more essential. This is the enrolment of accounting, and its efficiency and effectiveness manifests the impact on the governed.

CHAPTER ONE

INTRODUCTION

1.1    BACKGROUND OF STUDY

The management and control of the public fund is the heart of government administration. This calls for the need for an acceptable accounting system that will comprehensively prefer solution to the accounting needs of the government on public funds is governed by the financial (control and management). Act of 1958 A to E into section 154, dealing with the operation of the consideration Amendment of 1957 which inserted sub –154 A to E into section 154, dealing operation of the constrained therein formed the based of the financial Act which were replicated with slight changes in the 1979 and 1989 constitution, Higher to , government accounting is regulated by section 129 –145 of the constitution, the laws enacted by government in power, the financial control and management Act 1958, by decree and acts enacted from time to time.

The management and control of the public fund is invested on the federal ministry of finance and this rests on the shoulders of the Treasury now referred to as the office of the Accountant General.

In the treasury its self, functions and duties are streamlined to a set of guide. This is because government accounting is based strictly on cash”.

The expenditure and receipts for the year are balanced and closed for the year and there is no transfer to the next period.

The financial regulation, treasury accounting manual, and regulation. That guide the treasury in the management and control of the public find of the government whose objective is service.

This study is directed to a division of the treasury the federal pay office, Enugu. It will be concerned mainly with the duties and functions of the office, the effectiveness of the accounting as it relates to the goals of the

Government which is service. The study will also determines to what extent the principles, rules and regulation governing. The government accounting system is being utilized and its effect on the general public.

The federal pay office, Enugu which is the main focus of this work has the following as its main general duties:

i. receiving and payment of cash.

ii. Keeping of cash book to record all the cash transaction.

iii. Operation of a bank account on which cheques are drawn.

iv. Providing information on the cash position at a given date.

Effectiveness of these duties are enhanced through the establishment of internal check system in its operation to minimize fraud and loss of funds.

The federal pay officer is the head of this office. Going by the provision of financial regulation (ff) section 104 (II), the officer “ is entrusted with the receipts, custody and disbursement of public money and is required to keep one of the recognized cash books, the transaction in which are subsequence embodies in the accounts rendered by the accountant – general of the federation”.

The office is segmented into eight (8) sections top facilitate efficient and effective performance of duties as stated above.

1.2 STATEMENT OF PROBLEM:

There has always been the call for proper accounting of the public fund. The treasury being the custodian of the public fund, has as its motor: accountability probity and transparency.

The federal; pay office, Enugu, being part of treasury is banqueted with the same number of problems that hinder the effectiveness of the established accounting system.

This study is focused on the following identified problems:

a. Delay in the preparation of final accounts monthly transcript.

b. Delay in the preparation of bank reconciliation statement.

c. Rate remittance/ cash transfers.

d. Inadequate method of revenue collection and control.

e. Inadequate staffing.

This research work is set to prefer a solution to these constraints that militate against the effectiveness of the established accounting system and its subsequent impact.

1.3 PURPOSE OF THE STUDY

In the light of the statements in 1.2, above, this research aims at ascertaining the impact and significance of government accounting system and then identify the other courses of its ineffectiveness or other wise in the federal pay office, Enugu.

The study also aims at analyzing the following:

a. the role played by the office in ensuring accountability of the public funds.

b. The extent of compliance with the financial regulation and treasury circulates etc., on the disbarment of funds etc by person or authorities entrusted with such responsibilities.

c. The extent to which fraud, misappropriation and embezzlement of public fund have persisted.

d. The cause of delay or tonight neglect in the implementation of the laid dawn accounting principles, rules and regulations.

e. The extent to which inadequate and inexperience suffering have contributed to the poor performance of the office in the government accounting system.

1.4.1 RESEARCH QUESTIONS

In view of the points raised in the statement of problems above the following research questions were formulated.

a. are the officers mining the key result area of the right caliber in terms of qualification and performance.

b. To what extent has the federal pay office strived in enforcing the implementation of the rules etc.

c. To what extent do the ministries / department accountable to the federal pay office comply with financial regulation and other guide in the performance of their duties?

d. What problems do the accounting officers encounter in the course of their duties?

1.4.2 HYPOTHESIS:

As a guide to determining the effectiveness and impact of the above, the following hypothetical statements are necessary.

1.      QUALIFICATION

H0 : The officers manning the key results area are not qualified.

Hi: The officers manning the key result area are really qualified to do the job.

2.      IMPLEMETATION

H0 : The federal pay office do not enforce the implementation of the rules.

Hi: The federal pay office ensures that the rules are properly implemented.

3.      COMPLIANCE

H0: The ministries/department accountable to the federal pay office do not comply with the guide as provided in the financial regulation.

4.      PROBLEMS ENCOUNTERED:

H0: Accounting officers do not encounter any form of difficulty in the course of their duties.

Hi: Accounting officers normally encounter problems in the course of their duties.

1.5    SCOPE OF THE STUDY;

The scope of this study is how the federal pay office, Enugu, as a division of the treasury, discharged it duties.

The main focus is on its compliance to the treasury requirement, the enforcement of the rules and regulation on the ministries /department are accountable to it, the impact and effectiveness of the accounting system including the short coming.

1.6    SIGNIFICANCE OF STUDY:

This research work is of great importance to the general public, the government and the researcher.

To the general public, it will help to educate them properly on the duties and function of the treasury in general and the federal pay office in particular.

It will serve as a front to the reduction of incidence of fraud and malpractice.

To the government, the out come of this research will go a long way in making the government realise its objective as people will be more aware of government intentions. It will as well enhance the implementation of the government accounting problems in government establishments.

This work will expose the research to the mastery of the government accounting system and its procedures, which is different from commercial accounting system.

TABLE OF CONTENT:

 

CHAPTER ONE

INTRODUCTION

1.1     Background of the Study

1.2     Statement of the Research Problem

1.3     Objectives of the Study

1.4     Significance of the Study

1.5     Research Questions

1.6     Research Hypothesis

1.7     Conceptual and Operational Definition

1.8     Assumptions

1.9     Limitations of the Study

 

CHAPTER TWO

LITERATURE REVIEW

2.1     Sources of Literature

2.2     The Review

2.3     Summary of Literature Review

 

CHAPTER THREE

RESEARCH METHODOLOGY

3.1     Research Method

3.2     Research Design

3.3     Research Sample

3.4     Measuring Instrument

3.5     Data Collection

3.6     Data Analysis

3.7     Expected Result

CHAPTER FOUR

DATA ANALYSIS AND RESULTS

4.1     Data Analysis

4.2     Results

4.3     Discussion

CHAPTER FIVE

SUMMARY AND RECOMMENDATIONS

5.1     Summary

5.2     Recommendations for Further Study

Bibliography

 

 

HOW TO GET THE FULL PROJECT WORK

 

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

HOW TO RECEIVE PROJECT MATERIAL(S)

After paying the appropriate amount (#5000) into our bank Account below, send the following information to

08139462710 or 08137701720

 

(1)Your project topics

(2) Email Address

(3) Payment Name

(4)Teller Number

We will send your material(s) immediately we receive bank alert

 

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 0046579864

Bank: GTBank.

 

OR

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 2023350498

Bank: UBA.

 

HOW TO IDENTIFY SCAM/FRAUD

As a result of fraud in Nigeria, people don’t believe there are good online businesses in Nigeria.

 

But on this site, we have provided “table of content and chapter one” of all our project topics and materials in order to convince you that we have the complete materials.

 

Secondly, we have provided our Bank Account on this site. Our Bank Account contains all information about the owner of this website. For your own security, all payment should be made in the bank.

 

No Fraudulent company uses Bank Account as a means of payment, because Bank Account contains the overall information of the owner

 

CAUTION/WARNING

Please, DO NOT COPY any of our materials on this website WORD-TO-WORD. These materials are to assist, direct you during your project.  Study the materials carefully and use the information in them to develop your own new copy. Copying these materials word-to-word is CHEATING/ ILLEGAL because it affects Educational standard, and we will not be held responsible for it. If you must copy word-to-word please do not order/buy.

 

That you ordered this material shows you have agreed not to copy word-to-word.

 

 

FOR MORE INFORMATION, CALL:

08139462710 or 08137701720

 

YOU CAN ALSO CALL:

08068231953, 08168759420

 

 

Visit any of our project websites below:

www.easyprojectmaterials.com

www.easyprojectmaterials.com.ng

www.easyprojectmaterial.net

www.easyprojectmaterial.net.ng

www.easyprojectsolutions.com

www.worldofnolimit.com

www.worldofnolimit.com

 

 

 

Tags: ,

24 days ago 0 Comments Short URL