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

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1.0 INTRODUCTION

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 PAGE i

APPROVAL PAGE ii

DEDICATION iii

ACKNOWLEDGEMENT iv

TABLE OF CONTENT v

CHAPTER ONE

1.0 Introduction

1.1 Objective of the study

1.2 Significance of the study

1.3 Research question

1.4 Definition of terms

CHAPTER TWO

2.0 Review of literature

2.1 Concept of accounting

2.2 Accounting as a system

2.3 Sound accounting system

2.4 Purpose of an accounting system

2.5 Principles and concepts of accounting system

2.6 Relevance of an adequate / sound accounting system

2.7 Neat / Advantages of computerized accounting system over moral system

CHAPTER THREE

FINDINGS, CONCLUSION, SUMMARY AND RECOMMENDATION

3.0 Findings

3.1 Conclusion

3.2 Summary

3.3 Recommendation

BIBLIOGRAPHY

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

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