1.1INTRODUCTION
Background to the study:Accounting is the systematic complication of financial information for use in making economic decision. It is the mechanism and body of of principles through which business activities that are capable of being expressed in terms of money are recorded, classified and periodically summarized and interpreted. Lexicon Universal encyclopedia (1980 edition).
Accountants interprets financial information by explaining it’s meaning, uses and limitations. According to the Lexicon universal encyclopedia the system of record keeping existed as early as 3600BC. Priest in ancient Babylonian kept accounts of their temple receipt on clay tables. Modern accounting method stated from 14th century in Italy, when merchants in trade centers such as gevoe used a double entry book keeping system to account for what they owned (liabilities) the first work or accounting was written by Luca Pacidi mathematician and tutor to the children of a prince.
His summa-dear thematic, geometric proportional (1494). Consisted of a chapter on accounting that describes double entry book keeping in the 16th and 17th centuries the Italian method of book keeping spread to other commercial centers in Europe. it was introduced in London about 1550 but did not become well known for another country. Public accounting develops in England and Scotland. Companies regulated by parliament were required to have auditors, just as common law and commercial practice come to the united states of America from England and Scotland so did the practice of accounting the disciples of accounting includes the following fields of financial accounting, Managerial accounting, book-keeping, taxation accounting, public accounting or auditing, accounting system, non profit accounting and social accounting with the public sector in Nigeria now controlling directly and indirectly the bulk of the country’s economic resources financial management in the public sector is much more embracing then is then generally realized at an increasing price, the government has since independence sought to perform entrepreneur tasks in an attempt to assume the commanding height of the national economy. Such expansion of the public sector and the direct involvement of the government at all level of the economy, call for sound systems and method of accounting as a pre-requisition. For an effective and responsible public administration, particularly in area of economic management. The job of chartered accountants has become more sophisticated because the growth in the Nigeria economy. The modern day chartered accountant opinion on the accuracy of financial statement but also advises management of both the public and private sectors on the viability of investment project and tax matters. In many caess, the chartered accountant is called upon serve the nation as a member of a special investigation panel. In performing these function requires the assistance of trained and able accounting technicians.
TABLE OF CONTENTS
TITLE PAGE……………………………………i
APPROVAL PAGE…………………………………..ii
DEDICATION………………………………….iii
ACKNOWLEDGEMENT…………………………………iv
TABLE OF CONTENTS…………………………………v
CHAPTER ONE:INTRODUCTION
1.1BACKGROUND OF THE STUDY1
1.2STATEMENT OF PROBLEMS4
1.3PURCHASE OF THE STUDY5
1.4SIGNIFICANCE OF THE STUDY5
1.5RESEARCH QUESTION6
1.6SCOPE7
CHAPTER TWO:
2.1REVIEW OF RELATED LITERATURE8
2.2DEFINITION AND MEANING OF ACCOUNTING8
2.3ACCOUNTING STUDY AND PROBLEMS OF TEACHING12
2.4FACTORS MILITATING AGAINST THE EFFECTIVE-TEACHING ACCOUNTING STUDY15
2.5PROSPECTS OF ACCOUNTING FOR STUDENTS OF ACCOUNTING OPTION18
2.6SUMMARY OF REVIEW OF RELATED LITERATURE20
CHAPTER THREE:SUMMARY OF FINDINGS, CONCLUSIONS AND RECOMMENDATIONS
3.1SUMMARY22
3.2CONCLUSIONS24
3.3RECOMMENDATIONS25
3.4BIBLIOGRAPHY27
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