Accounting procedure in post primary institutions means the process or system by which the various governments approved fees are collected and accounted for by accredited revenue collectors.
Revenue as income to any organization, institution is there to the government as blood is to human being. The need for there to be accuracy accounting procedure is to prevent error in the records so that they show the true and fair view of the post primary institution. This study highlight some of the problems as
Equipments and encouragement should be adequately provided incentives given to Bursar’s for dedication towards increasing their pace of revenue collection accounting for them to maximize government accounting policies.
The term accounting as a discipline has been defined by different scholars and groups as a profession which involves devising and operation on information system for collecting, measuring, recording, summarizing, transmitting and interceptive the result of economic transactions past or prospective in resources and in claims or recourses. It is also the art of recording, classifying and summarizing in a significant manner and in terms of money and monetary value transactions and events which are part at leant of a financial character and interpreting the result thereof.
Accounting in Nigeria dates back to the history and development of accounting in the United Kingdom. It has many branches via financial accounting, cost accounting and management accounting etc.
Accounting procedures in post primary institutions involve the use of school accounting systems. This entails the collection, recording and accounting for revenue in post primary institutions.
Revenue can be generally defined as those income receipted or returns from various sources of funds to the government in the school system, receipts such as boarding, equipments, tuition, caution, P.T.A., library and guidance and Counseling fees represent revenue to the government as provided in financial institution, P1 (03001) in post primary institutions, the collection, officers called the revenue collectors also called the Bursar’s takes charge of the collection and custody of funds.
In Nsukka North Local Government Area of where we have majority of the schools with densely populated students are made of (16) sixteen schools located in different parts of under municipalities that make up the local government area with administrative headquarter at Community Secondary School, Obollo-Afor. The schools in Nsukka North Local Government Area accountable to sub-treasury of post primary school management board headquarters headed by a Director, finance and supplies the schools with their population capacity are as follows:
(2018). ACCOUNTING PROCEDURE IN POST PRIMARY INSTITUTION (A CASE STUDY OF NSUKKA NORTH LOCAL GOVERNMENT AREA EDUCATION ZONE). Afribary. Retrieved from https://afribary.com/works/accounting-procedure-in-post-primary-institution-a-case-study-of-nsukka-north-local-government-area-education-zone-5250
"ACCOUNTING PROCEDURE IN POST PRIMARY INSTITUTION (A CASE STUDY OF NSUKKA NORTH LOCAL GOVERNMENT AREA EDUCATION ZONE)" Afribary. Afribary, 29 Jan. 2018, https://afribary.com/works/accounting-procedure-in-post-primary-institution-a-case-study-of-nsukka-north-local-government-area-education-zone-5250. Accessed 24 Mar. 2023.
. "ACCOUNTING PROCEDURE IN POST PRIMARY INSTITUTION (A CASE STUDY OF NSUKKA NORTH LOCAL GOVERNMENT AREA EDUCATION ZONE)". Afribary, Afribary, 29 Jan. 2018. Web. 24 Mar. 2023. < https://afribary.com/works/accounting-procedure-in-post-primary-institution-a-case-study-of-nsukka-north-local-government-area-education-zone-5250 >.
. "ACCOUNTING PROCEDURE IN POST PRIMARY INSTITUTION (A CASE STUDY OF NSUKKA NORTH LOCAL GOVERNMENT AREA EDUCATION ZONE)" Afribary (2018). Accessed March 24, 2023. https://afribary.com/works/accounting-procedure-in-post-primary-institution-a-case-study-of-nsukka-north-local-government-area-education-zone-5250