ABSTRACT The purpose of this research is to study the impact of effective internal control system in the local government in Nigeria as a process of achieving financial accountability.Also to show what happens when such a system is found ineffective. It equally aimed at providing possible solutions based on the findings and making of some recommendations when implemented will reduce some of the problems encountered in the process of maintaining financial prudence and accountability. The...
ABSTRACTIn an attempt to analysis the importance attached to auditing as a tool for certifying the financial statement of business enterprise, the researcher had to be very briefly re-cap the origin of auditing and above all those factors that in the first instance necessitated it. Auditing, it was noted became very prominent in the business cycle the world over precisely in the 17th century following the inception of company form of business. The birth of this form of business arrangement al...
INTRODUCTIONIt has been thirty-nine years since the first group of professionally qualified accountants came into existence in Nigeria under the name “the association of accountants in Nigeria” this association was absorbed by our institute created by an act of parliament No 15 of 1956 which came into force on 1st of September 1965. the institute has over 17,000 member and 90,000 student on its register presently.The institute of chartered accountant of Nigeria (ICAN) is the only pr...
ABSTRACTThis study examines the accounting systems of the public and private sectors with special references to Michael Okpara University of Agriculture Umumdike Abia state and Marlum Nigeria Ltd., Emene Enugu. Adequate care has been taken to make a comparative analysis of the two accounting systems. The systems aims at establishing and maintaining accurate and reliable accounting data, information and records, promotes operational efficiency and effectiveness and adhere to prescr...
ABSTRACTThe study was focused on the importance of value added tax in terms of revenue generation. A core study of federal Inland Revenue service Enugu office. Data were collected from primary and secondary, questionnaire was also included.Report evidence indicated that the importance of value added tax in terms of revenue generation and the introduction of the added tax (VAT) and generation of revenue though other forms of taxation. It also has to find one, the problem associated with VAT ad...
INTRODUCTIONNigeria as a nation blessed with both human and natural resources can attain high economic development with little effort and sincerity on the part of her citizens. One of the ways to achieve this economic development is through the establishment of an industries to process the huge maturely resources into conformable goods. Therefore the establishment of small-scale industries all over the country is a right step in the right direction. This will help the country to channel both ...
ABSTRACTDue to the tagged stereotype that what belongs to the government belongs to nobody; there has been the unfortunate general feeling among Nigerians that “it is no crime to misappropriate to personal use, government resources or funds with careless abandon”. Against this backdrop there is a problem of financial management and accountability in Isiala Ngwa South Local government Council.Despite all the provisions in the financial memorandum and checks and balances system, there...
ABSTRACTFederal parastatla are set up by the federal government of Nigeria to archive some certain objectives. Some of this objective is to provide the goods and services, which the private sector cannot provide because of lack of inventible capital funds.Nowadays, a good number of the federal parastatla perfumers below average including ht federal radio cooperation Enugu, which is the core of the study. The study is aimed at appraising the funding other federal radio cooperation in Enugu wit...
ABSTRACTOne of the most researched and least understood variable public sector accounting is how the accountability and stewardship of financial control is conducted. Scholars have been speculating on how the funds generated are managed but now researchers have conducted systematic investigation of funds and leakages in local government revenue system. Even with this, there is still an increasing difficulty and doubts in establishing the fact that the generated revenue is put to good use...
ABSTRACTThis research work has been designed for the study of small scale industries as a developed strategy, especially, in Enugu Township. In the past the federal government has neglected to encourage this sector as the impact cannot be overlooked. As the largest employment sector is most developed nations to this end, the government has come out to seek a way it can be improved so as to curl the employment in our society and thus development.The chapter one was designed to have various vie...
ABSTRACT The question as to whether or not internal audit has an important role to play, has been generating a lot of controversies over years, especially, among hotel and restaurant owners. This question that seemed to be yet half way answered, gave rise to carrying out this study. The work is designed in such a way as to help readers understand the roles of internal audit in management of hotels and restaurants. The project deals extensively with the roles of internal audit in t...
ABSTRACTRevenue could be defined as income to any organization, institution from or government but in the present circumstances. Accounting procedure in post Primary Institutions means the process or system by which the various government approved fees there are collected and accounted for, by accredited revenue collectors.Revenue is there to the government as blood is to human being;This study highlights some of the problems as :a. organizational problemsb. personnel problems andrecomm...
ABSTRACTThe study was undertaken to find out how IMB manages its loan syndication, a proper loan syndication management would have a significant impact on the profitability of the bank, with this view in mind a detailed analysis of IMB loan syndication management was carried out. IMB was selected as a result of preliminary survey which indicates that it is the only bank that was willing to assist in the study, and from adequate information gathered through the use of structured questionnaires...
ABSTRACTThe researcher aim of writing this project was achieved by her objectives i.e. the study of impact and implication of restructuring the Nigerian Pension Scheme, (A case study of Enugu State). The researcher found out how pension are being paid in Nigeria and the people responsible for the payment.Chapter one of this project talked about the information of pension scheme, the contribution plan and organization responsible for that.Chapter two talked about the literature review th...
ABSTRACTThis research work is being carried out in order to analytically ascertain and explain the roles of budgeting in public sector management with particular reference to ETHIOPE EAST LOCAL GOVERNMENT AREA OF DELTA STATE.The study includes an introduction and the following related sub-parts overview of the subject, statement of the problem. Objectives of related literature. Also to be included are, research methods, i.e. sources of data, instrument of data collection, method of data...