ABSTRACT This research project titled “Co-operative Thrift and Loan Society of Federal Ministry of Industry and Technology, Owerri, Imo state. The study was motivated by the necessity of requirement for the award of Higher National Diploma in Co-operative Economics and Management of Institute of Management and Technology (IMT), Enugu. It aimed at identifying the causes of the study of co-operative thrift and loan society in Owerri, Imo State. To solve the research problems both primary ...
INTRODUCTION BACK GROUND OF THE STUDY As the economy advances, there is a resultant widening of the gap between producers and consumers, the increase, in output of goods and services necessitates. The development of channel of distribution they provide time, place and convenience utility for the goals and services provided. In the view of Adirika, Ebue and Nnolim (2001) distribution is demand creation and satisfaction and both directly and indirectly brings down the total cost of mark...
1.0INTRODUCTION This project is aimed at looking into the accounting profession in details and examining its role in societal development. A study of the evolution of accounting suggests that accounting processes are reactive because they have developed primarily in response to business needs. Also the development of accounting process has been related to economic progress and societal development of a country. History shows that the higher the level of Civilization or development, this mor...
ABSTRACT The research study conducted on this topic “Division of labour and specialization, a tool of industrial growth and development” was extensively done to include all the works and of it that could be sued to achieve industrial growth and development in any industry. Indeed, for a firm, government establishment to grow, there is need to master the use and application of division of labour and specialization since no man is an Island, there exist division off labour in our homes, off...
ABSTRACT The unprecedented master influx of financial reporting in the country party as a result of deregulation policies occasioned by sometimes government intervention has aroused the curiosity of writers to carry out study of this nature. This reporting apparently act as a fool for management decision. The problem does not lie on management decision per se but the financial market in general and public users as a whole. Thus the cord of this study is to find among other things need, avenue...
ABSTRACT This research work was on the internal control system as a means of preventing fraud in Nigerian Financial Institutions. However for a more detailed study a case study was carried on First Bank Plc Onitsha Head Office. The bank understudy was selected by simple random sampling. This study was necessitated because of the Increasing wave of Bank fraud in Nigerian in recent times as reported by the Nigerian dailies. Therefore the need to investigate these reports and if conf...
INTRODUCTION 1.2BACKGROUND OF THE STUDY Banking business started as far back as the seventeenth century. When the receipts issued by Goldsmiths to depositors were used as a means of exchange in commercial transaction. Because these receipts were accepted generally, they became transferable too. A bank is an institution where money and valuables are kept for safety purposes. Bank also lend money known as loan, pay out money on the customers order by means of a change and bank draft and also gi...
INTRODUCTION 1.1BACKGROUND OF THE STUDY The performance of the Nigeria banking sector has been a serious concern to the generality of Nigeria. Such Nigerians includes but are not restricted to politicians, the military, the academic community , industrialist , traders, and even the peasant community. As one reflects on the present state of the sector, one cannot but come to the sad conclusion that all is not well. Actually, the method of expressing the dissentient within the banking s...
INTRODUCTION A bank can be defined as any person that provides the minimum banking services and which is licensed as a bank by federal government in Nigeria as banking institution. This minimum banking service includes: a.Acceptance of deposits from customers b.Marketing payment locally or outside Nigeria c.Granting loans and similar instruments There understood the World Bank (IBRD) little is known about grant banking benefit the middle age the Greeks and Mesopotamia hand bank as did the re...
INTRODUCTION 1.1 BACKGROUND OF THE STUDY Standard trust bank PLC commercial operations in August 1997 as a commercial bank with five business offices driven by a board of directors, a management team and staff focused on revolutionizing the Nigerian banking industry. Following the resolution of the board of directors at an extra-ordinary general meeting on 19th July 2002, the bank because a public limited company (PLC). From the humble beginning, they have been able to record modest ach...
INTRODUCTION The primary aim of establishing or going into business is to optimize profit and as well as to ensure continuity of that business concern. When one person (sole trader ) of group of person (partnership of companies limited by shares or guarantee) intends forming a business entity he will need both fixed and current assets to facilitate a smooth take off, these fixed and current assets will by funded from both long term liabilities and current liabilities (or capital) as the case ...
1.1BACKGROUND OF THE STUDY Man, Since the past ages, has been battling with procurements of a reasonable standard of living and the ways of managing his perpetual inadequate. The eventful development of organised Society had to the Institution of government. During the 15th Century, when mercantilism was the order of the, government had right to interfere with the economic process to protect the interest of the nation (as then seen mainly from the view point of international trade) “I...
ABSTRACT In the contemporary and ever dynamic business world, there has been an increasing shift in management concepts a shift in emphasis from production management to marketing management and now to management of resources at the firms disposal. Management now strive to achieve sound and stable financial standing by concentrating efforts on financial planning and control. The firm has to allocate its limited resources among alternative uses. If resources were unlimited, there would...
ABSTRACT The rationale for the creation of government corporations. (Public Sector/Government Parastatals) is presumably the desire to attain some broad developmental goals and a range of economic objectives. Over the past decades, the number and variety of public enterprises in developing countries have greatly expanded. But the overall performance of these enterprises has been rather very disappointing. The Federal Government has been pumping large amount of terms of capital investment in...
INTRODUCTION 1.1BACKGROUND OF THE STUDY As competition between businesses geared up, if becomes imperative to turn, attention to customers needs and wants which are naturally insatiable. The marketing concept arose to challenge all other previous concept. Orjih (1998) in his book “Seminar in Banking and finance.” Concluded that marketing concept holds the key to achieving organizational goals consists in determining the needs and wants of target markets and delivering the desired satisfac...