INTRODUCTION 1.1GENERAL MEANING OF PUBLIC ACCOUNTINGIn the public sector organization exhibit a variety of social economic, political and legal characteristics. They have different pattern of accountability. They have different objectives and are financial in many ways. They also have different organizational structure.Generally, public accounting may be defined as a composite activity of collecting, analyzing, recording, summarizing and interpretation of the financial transactions of the g...
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. Accor...
1.1INTRODUCTION The role of an auditor are impressed by the layman is that of an auditor being in quest of errors, theft, defalcation and fraud. But the impression of various accounting society on the role of auditor cuts across this limit of layman view. Accountant see the purpose of audit by an auditor beyond the layman view to include the inquiry of the truth and fairness of the entity affairs as represented in their records, whether they have prepared it in accordance with the general a...
INTRODUCTION 1.1BACKGROUND OF THE STUDY Financial control and accountability as the name implies means the proper management and control of financial aspects, the efficiency effective and management of finance of the organisation. The finance control and management law 1968 is designed for control and management for the public financial and maters connected there with and it stipulates under section 33 that the accountant general shall under to the auditor general accounts showing the finan...
ABSTRACT Auditors have a role to play in the economic development of Nigeria, but this is not achieved because of the problems are uncompromising attitude on the part of their client’s staff, conflict during report writing, absence of accounting manuals in the organisations, the ambiguous nature of the Nigeria companies, decree and other acts. The project investigates the causes and solutions to the problems. Form the findings, the true position is that, the problems of auditors range fro...
ABSTRACT Paper examines various theoretical views about the role Nigeria capital market can play in the economy with a view to showing that the effective development of the market holds sway for the successful economic and emancipation of Nigerian in the emerging 21st century special emphasis has been place on the of Nigerian capital market in the economic development of Nigerian acting to provide a means of raising finance to assist companies to expand and modernize, providing a means of all...
ABSTRACT Today in the public sectors, staffs have decided in involving themselves in fraud, misappropriation of fund mismanagement of assets entrusted on them, and abuse of their profiles for their different personal interests. But, auditing has become a tool for ensuring good accountability. Through auditing, the account of individuals, partnership, co-operative and public sectors can at any time be examined by an auditor which enables him to express his opinion of true and fair view, by t...
ABSTRACT This research project is on accounting as an aid to internal control system. The problem study of this research is to find out whether Enugu State Government Accounting records are properly kept according to the provision of the state financial instruction as it concerns the state government. Again to know if there is any loophole in the accounting records as it concerns their internal control. Any organization wishing to conduct its business in any orderly and efficient manner and t...
INTRODUCTION “There have been some academic assertions to the effect that accountants and managers who are employed in the industry do not use most of the mathematical decision making tools, cost-volume-profit analysis inclusive”. 1.1BACKGROUND OF STUDY “Some industries today are encountering problems raised by expansion through increased sales and the introduction of new products. Many on the other hand are facing problem of contraction due to the introduction of substitute materials,...
ABSTRACT The relevance of effective accounting system on the performance of a manufacturing company was intended to investigate the effect of mediocre and lack of comprehensive accounting system, financial accounting system and management accounting system. The research work also received work done by others in respect to his subject matter by using text books, questionnaires, professional journals and conference papers by prudent scholars. The statistical research study also revealed that th...
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 ...
ABSTRACT It is a widely held opinion by financial experts that public sector controls about sixty percent (60%) of the asset base of this country. It is likely to be so in socialists and communist, economics where the national government plays vital roles. The public sector can be defined as that sector of the economy established and operated by the government or its agencies, distinguishable from the private sector and organized on behalf of the whole citizen Three things stand out clearly...
1.1 OBJECTIVES OF THE STUDY The objectives of this study is to find out (i) What mergers and acquisitions mean in Nigeria context. (ii) The process involved in mergers and acquisition. (iii) Whether mergers have achieved cost efficiency through economics of scales. (iv) The management of post mergers (v) Its impact in the economic development in Nigeria. In the absence of any definite statement, wide ranging views emanated according to the varying prospective of those concerned. In this type ...
ABSTRACT This study id designed to provide knowledge for the important role auditor plays in a going concern as per combating fraud. The materials in the study have been systematically presented in (3) three chapters. Chapter one: This involves the introduction and Auditing in relations to financial accounting system and its associated internal control procedures. Chapter two: This relates to the literature, previous studies and statutory requirement are revival. Chapter three: It deals with ...
ABSTRACT Over the years and specifically form the last Decade to date, there has been high clamour by different organization both non-governmental NGO Governmental, nonprofit making organizations and commercial organizations for the introduction or rather inclusion of Auditing into their mainframe. Auditing which is an indispensable aspect of Accounting is as vital as breath itself for it has greatly improved the efficiency of much organization through birth of efficient Accountability. Thus,...