IMPROPER ACCOUNTING SYSTEM: A CAUSE OF NON-PERFORMANCE IN INDUSTRIES

Overview
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1.0INTRODUCTION

Any organization, manufacturing or non-manufacturing that knows its owns requires an effective accounting system for its continuous existence. We have in the post head of firms that folded up due to one reason or the other. When properly investigated as to what brought about its folding up, one may not be surprised that it was due to negligence in operating an affective accounting system.

Every manufacturing / non-manufacturing industry needs an effective proper accounting system to determine industry needs on effective proper accounting system to determine the profitability position at least to break even. The shoreholder is interested in seeing his invested funds, yielding returns. The creditors want to be sure that his money lent to the company is not squandered. Also the tax authority relies on this system to asses such company’s tax liabilities.

TABLE OF CONTENT

TITLE PAGEi

APPROVAL PAGEii

DEDICATIONiii

ACKNOWLEDGEMENTiv

TABLE OF CONTENTv

CHAPTER ONE

1.0Introduction

1.1Objective of the study

1.2Significance of the study

1.3Research question

1.4Definition of terms

CHAPTER TWO

2.0Review of literature

2.1Concept of accounting

2.2Accounting as a system

2.3Sound accounting system

2.4Purpose of an accounting system

2.5Principles and concepts of accounting system

2.6Relevance of an adequate / sound accounting system

2.7Neat / Advantages of computerized accounting system over moral system

CHAPTER THREE

FINDINGS, CONCLUSION, SUMMARY AND RECOMMENDATION

3.0Findings

3.1Conclusion

3.2Summary

3.3Recommendation

BIBLIOGRAPHY

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IMPROPER ACCOUNTING SYSTEM: A CAUSE OF NON-PERFORMANCE IN INDUSTRIES

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