ABSTRACT
The main objective of this research work is to find out by investigation and analysis how the service of Accountants assist in the effective financial management in private and public organization. For some time now, cases of frauds, embezzlement and inadequacy of accounting system has led many establishments to liquidation and as such became necessary that a research be undertaken to find out a permanent solution to the problem. In chapter one, efforts were made to defined and evaluate the system of accounting and ascertain why knowledge of accounting is necessary to every body. In chapter two, it reviews some related literature in the field of the research work. In chapter three, it treated the research methodology, design, Area of study, population of the study, sample and sampling procedures, instrument for data collection and courses, method of data analysis. In chapter four, the data collected were presented and analysis of results given in a way for better understanding. Finally, chapter five dealt with Discussion of findings and implications were made. By and large, it was established that accounting information plays a vital role towards the effective financial management in Alo Aluminum.
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The owner of a business naturally wishes to run his business as efficiently as possible. One of the purposes of keeping accounts is to enable one to do this.
i. Its account should avail him the necessary cost data for effective operation.
ii. The exact revenue of the business
With such information, the owner of the business can make comparison the from year to year. Comparing the profit this year with the preceding years and investigate any variances. This is by making comparison of the expenses incurred. By studying his account in this manner, the business manager can now formulate a business policy. He may, for instance take a decision on whether to adjust prices of his product, to embark on advertisement/awareness, to introduce new product, drop existing ones etc.
To change the method of production or to change the organizational structure.
To the ordinary man in the street, account mean story, explanation, or report of money received and spent. In the past, the actual record-making is called “Book Keeping”. However, accounting to day extends beyond book-keeping. Accounting is a discipline concerned with the recording, analysis, and forecasting of income and wealth of business and other terms, of the flow of economic values between or within economic entitles.
According to (Wood’s 1982), “Accounting is said to be the language of business”. At a given time, accounting made it possible for a business man to discover:
i. The value of his input and output
ii. The available cash/bank balance
iii. His debtors and creditors
iv. Whether profit or loss
v. The financial position of the business
According to “(White head 1979)” Accounting is the art of controlling a business by keeping accurate book keeping records, preparing from those records certain statistics called “Accounting ratios, using those ratios to dictate financial difficulties before they become serious, so that counter measure may be taken”. However, it is necessary to review the definition of the objective of accounting in line with the present role expected of accounting discipline. The main of accounting entered on the provision of potential useful information for
Can't find what you are looking for?
Call (+234) 07030248044.
OTHER SIMILAR ACCOUNTING PROJECTS AND MATERIALS
A COMPARATIVE ANALYSIS OF COMPUTERIZED ACCOUNTING SYSTEM AND MANUAL ACCOUNTING SYSTEM
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Accounting system according to an Italian monk, Luca Pacioli (1491), is the combination of personnel records and procedures that a business uses...Continue reading »
A COMPARATIVE ANALYSIS OF COMPUTERIZED ACCOUNTING SYSTEM AND MANUAL ACCOUNTING SYSTEM
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Accounting system according to an Italian monk, Luca Pacioli (1491), is the combination of personnel records and procedures that a business uses...Continue reading »
A COMPARATIVE ANALYSIS OF COMPUTERIZED ACCOUNTING SYSTEM AND MANUAL ACCOUNTING SYSTEM (A Case Study Of Ama Breweries Plc. Eke, Udi L.G.A And Africa Petroleum Plc Presidential Road)
ABSTRACT This research study is a comparative analysis of computerized accounting system and manual accounting system with reference to Ama breweries plc. and African petroleum plc. all in Enugu state...Continue reading »
A COMPARATIVE ANALYSIS OF COMPUTERIZED ACCOUNTING SYSTEM AND MANUAL ACCOUNTING SYSTEM (A study of Ama breweries Plc. and Africa petroleum Plc)
ABSTRACT This research study is a comparative analysis of computerized accounting system and manual accounting system with reference to Ama breweries plc. and African petroleum plc. all in Enugu stat...Continue reading »
A COMPARATIVE ANALYSIS OF COMPUTERIZED ACCOUNTING SYSTEM AND MANUAL ACCOUNTING SYSTEM (A study of Ama breweries Plc. Eke, Udi L.G.A and Africa petroleum Plc Presidential road)
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Accounting system according to an Italian monk, Luca Pacioli (1491), is the combination of personnel records and procedures that a business uses to...Continue reading »
A COMPARATIVE ANALYSIS OF EARNING QUALITY BEFORE AND AFTER ADOPTION OF IFRS IN NIGERIA (A CASE STUDY OF MONEY DEPOSIT BANKS ABUJA)
CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY The purpose of International Financial Reporting Standard (IFRS) is to ensure high degree of transparency and comparability of financial statements....Continue reading »
What are looking for today?
Format: | Ms Word | ||
Chapters: | 1 - 5 | ||
Pages: | 66 | ||
Attributes: | Questionnaire, Data Analysis, Abstract | ||
Price: | ₦5000 | ||
Get the complete project » |
THE IMPACT OF HUMAN RESOURCE PLANNING ON ORGANIZATIONAL PERFORMANCE
91,721 people found this useful
IMPACT OF E-LEARNING ON THE ACADEMIC PERFORMANCE OF UNDERGRADUATE STUDENTS (A CASE STUDY OF NATIONAL...
71,135 people found this useful
IMPACT OF SOCIAL MEDIA ON CONSUMER BEHAVIOR
62,793 people found this useful
TAX ADMINISTRATION IN NIGERIA: CHALLENGES AND PROSPECTS, A CASE STUDY OF LAGOS STATE BOARD OF INTERN...
62,060 people found this useful
THE EFFECT OF SOCIAL MEDIA ON STUDENTS PERFORMANCE IN LEARNING LISTENING COMPREHENSION
58,174 people found this useful
THE EFFECT OF ADVERTISEMENT ON CONSUMER BRAND PREFERENCE
57,121 people found this useful