ProjectClue.com WhatsApp or Call Us

projectclue whatsapp icon07030248044

Project Topic:

AN EVALUATION OF THE INTERNAL CONTROL SYSTEM IN HOTEL INDUSTRY

Project Information:

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 71 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   2,914 people found this useful

Project Department:

ACCOUNTING UNDERGRADUATE PROJECT TOPICS, RESEARCH WORKS AND MATERIALS

Project Body:

ABSTRACT

This project was carried out with the sole aim of studying and evaluating the internal control system in the hotel industry

 The project has three chapter: chapter one is introduction , statement of problem, research objective, significant of study, limitation study, definition of term

 Chapter two: review of related literature division of internal control, fundamental practical application. The internal control process, behaviour consideration, non profit control

Chapter three: summary of finding, recommendation and conclusion

the data collected were presented with the use of procedure narrative.

          The study covered the following areas of he system: records, communication, organizational structural and control.

          The finding were that: the internal control system of some  hotel like presidential hotel limited were not adequate effective and efficient as a result of the condition of the hotel. The researcher then made some necessary recommendation.

TABLE OF CONTENT

Title page

Approval page

Dedication

Acknowledgment

Abstract

Table of content

CHAPTER ONE

Introduction

1.1            Statement of problem

1.2            Research objective

1.3            Significance of study

1.4            Limitation of study

1.5            Definition of terms

CHAPTER TWO

Review of related literature

2.1            Introduction

2.2            Division of internal control

2.3            Fundamental practical application

2.4            The internal control process

2.5            Behaviour consideration

2.6            Non profit control

CHAPTER THREE

3.1            Summary of the finding

3.2            Recommendation

3.3            Conclusion

References

CHAPTER ONE

INTRODUCTION

1.1            INTERNAL CONTROL

The Canadian institute of chartered accountants. Exposure draft of proposal auditing recommendation describes internal control as comprising of the plan of an organization by the management of the emprise to achieve management objective of ensuring as far as is practical the orderly and efficient conduct of its business including the safe guarding of assets the reliability of accounting records and the timely preparation of reliable financial information.

          The chartered institute of public and finance accountant (CIPFA) state that the internal control system comprise the whole system of controls financial and otherwise, established by management in order to carry on the business of the organization in an orderly and efficient manner, ensure adherence to management policies, safeguard the assets and secure as far as possible the completeness and accuracy of the record individual component of internal control system are known as controls or internal control.

          Internal control system therefore could be view as a firms organizational plan including all method and measure the firm takes to

vSafeguard its assets

vEnsure the accuracy and reliability of its accounting data

vPromote operational efficiency

vTo encourage compliance with company policy

          Internal control can be divided into two main categories:

Financial control which are primarily concerned with legitimacy of expenditure

Security of assets and income and other control mainly administrative which are created and maintained by management to ensure that an activity is relevant to the needs of an organization and is carried out in the most effective and efficient manner.

          These categories are independent out should not be regarded in isolation as both have an impact on the performance of activities and their consequent cost and value to the organization

Accounting and financial control

These consist of all accounting, financial and monetary techniques and system built into the internal control system to promote and encourage the attainment of the objective of the internal control. Generally, accounting and financial control consist of :

Budgetary control

The organization should plan and control its expenditure and income to meet its predetermined objective

Legitimacy of income and expenditure

All  income and expenditure should be in accordance with the policies of the organization properly authorized and within the law

Security of assets

Assets of the organization should be kept in proper custody and not wrongly applied, either by error or intent

Accounting control

It include internal audit and internal checks

Management control

These consist of non accounting and non financial system and method which are building into the system to promote the attainment of the four major goal of internal control system.

These goal as enumerated before are:

vTo safeguard a firms assets

vTo ensure the accuracy and reliability a firms accounting data

vTo promote operational efficiency of a firm

vTo encourage compliance with a firms policy

1.2            STATEMENT OF PROBLEM

Most government establishment in Nigeria of which hotel industry is one are known for their inability to keep complete and /  or accurate records and quite often lose some of the assets under their control to fraudulent workers and other enemies of progress who adopt any strategy possible to satisfy their selfish interest at the expense of public interest. To this and, therefore, the researcher has chosen as the main problem of this work, to identify the nature,

Get the complete project »


Instant Share On Social Media:


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

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 72 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   4771 engagements

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

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 70 ::   Attributes: Questionnaire, Data Analysis, Abstract

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)

 Format: MS WORD ::   Chapters: 1 - 5  ::   Pages: 87 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   11586 engagements

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)

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 72 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   3294 engagements

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)

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 67 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   2487 engagements

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)

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 80 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   3532 engagements

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?

WHAT OUR CUSTOMERS ARE SAYING:
  • 1. Abubakar Sani from Nigerian Investment Promotion Commission said "I had a wonderful experience using ProjectClue, they delivered not only on time, but the content had good quality. I recommend ProjectClue for any project research work.".
    Rating: Excellent
  • 2. Ogunniran Olawale from Ekiti state university said "Projectclue is really safe and reliable Quick access to project works Nice customer service Fast delivery of request Recommend this toy fellow students ".
    Rating: Excellent
  • 3. Fahat Nasir from isa kaita college of education dutsinma said "Fish farming a solution unemployment ".
    Rating: Very Good
  • 4. Ajimbi Oluwarotimi from Theology school osun said "Good ".
    Rating: Very Good
  • 5. Clement Abdullahi Ogiji from National Open University of Nigeria said "I am a living witness and have recommended project clue to a lot of students, so far none have been disappointed, very reliable and, trustworthy and dependable".
    Rating: Excellent
  • 6. Jhuee from Sultan national high school said "Good quality. I recommend project clue for any project research work.".
    Rating: Excellent