THE COMPARATIVE ANALYSIS OF THE ACCOUNTING SYSTEM OF THE PRIVATE AND PUBLIC ORGANIZATIONS. A CASE STUDY OF MARLUM NIGERIA LTD, EMENE AND MICHAEL OKPARA UNIVERSITY OF AGRICULTURE, UMUDIKE ABI

ABSTRACT

This 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 prescribed government accounting principles are methods.

The researcher therefore examines the types and sources of funds for the two establishments, systems of recording and controlling experiments including external auditing are internal control systems. The accounting procedures in the private establishments are to some extent different from that of the public establishments. Therefore, the accounting procedures wile that of Marlum Nig. Ltd. Is not.

Adequate preparations were made before this research was carried out. The data used in the analysis were collected through arestonaries, interviews and from relevant texts. In analysis the data presents n tabular forms, the researcher carefully compares are the relevant issues pertaining to the accounting systems in the two establishments.

From this comparative analysis some findings were made. For instance, t was discovered that where MOAU is self accounting, Marlum Nigeria ltd. Is not. Also MoAU sources its funds from the festival government but Marlum Nig. Ltd obtain hers from the clients who awards contracts to them. Both establishment maintain simwar book of account, instead internally controlled accounting systems and use external auditors to verify the accuracy and reliability or otherwise of their records.

The research work ends with conclusions drawn from the research findings and recommendations made for he establishments authorities on how to improve on the efficiency of their accounting systems.

TABLE OF CONTENTS

COVER PAGE

TITLE PAGE

APPROVAL PAGE

DEDICATION

ACKNOWLEDGMENT

ABSTRACT

TABLE CONTENTS

CHAPTER ONE: INTRODUCTION

1.1 BACKGROUND OF THE STUDY

1.2 STATEMENT OF THE PROBLEM

1.3 OBJECTIVE OF THE STUDY

1.4 HYPOTHEISE/RESEARCH QUESTIONS

1.5 SIGNIFICANCE OF THE STUDY

1.6 LIMITATION OF THE STUDY

1.7 DEFINITION OF THE STUDY

REFERENCE

CHAPTER TWO: LITERATURE REVIEW

2.1 CONCEPT PF ACCOUNTING

2.2 HISTORICAL DEVELOPMENT OF ACCOUNTING IN NIGERIA

2.3 INCOME AND EXPENDITURE RECORDING

2.4 THE NATURE OF ACCOUNTING SYSTEM

2.5 ACCOUNTING SYSTEM

2.6 IMPORTANCE IF MAINTAINING ADEQUATE ACCOUNTING

2.7 TYPES OF ACCOUNTING SYSTEMS

2.8 INTERNAL CONTROL AND ACCOUNTING SYSTEM

2.9 INTERNAL AUDITING

REFERENCES

CHAPTER THREE: RESEARCH METHODOLOGY

3.1 SOURCES OF DATA

3.2 PRIMARY SOURCES

3.3 PERSONAL INTERVIEW

3.4 OBSERVATION

3.5 SECONDARY SOURCES

3.6 POPULATION

3.7 DATA ANALYSIS

3.8 LIMITATIONS OF THE METHODOLOGY

CHAPTER FOUR: DATE PRESENTATION AND ANALYSIS

4.1 DIFFERENCE BETWEEN SECTOR ARE PRIVATE SECTOR ACCOUNTING

4.2 ACCOUNTING SYSTEM OF MARLUM NIG. LTD. EMENE ENUGU

CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION

5.1 SUMMARY OF FINDINGS

5.2 CONCLUSION

5.3 RECOMMENDATION

APPENDIX

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APA

T0gOSTL5c0005cdc49c47.77861884, Q. (2018). THE COMPARATIVE ANALYSIS OF THE ACCOUNTING SYSTEM OF THE PRIVATE AND PUBLIC ORGANIZATIONS. A CASE STUDY OF MARLUM NIGERIA LTD, EMENE AND MICHAEL OKPARA UNIVERSITY OF AGRICULTURE, UMUDIKE ABI. Afribary. Retrieved from https://beta.afribary.com/works/the-comparative-analysis-of-the-accounting-system-of-the-private-and-public-organizations-a-case-study-of-marlum-nigeria-ltd-emene-and-michael-okpara-university-of-agriculture-umudike-abia-st

MLA 8th

T0gOSTL5c0005cdc49c47.77861884, QQXlA1z5c0005cdbe9d75.44641593 "THE COMPARATIVE ANALYSIS OF THE ACCOUNTING SYSTEM OF THE PRIVATE AND PUBLIC ORGANIZATIONS. A CASE STUDY OF MARLUM NIGERIA LTD, EMENE AND MICHAEL OKPARA UNIVERSITY OF AGRICULTURE, UMUDIKE ABI" Afribary. Afribary, 29 Jan. 2018, https://beta.afribary.com/works/the-comparative-analysis-of-the-accounting-system-of-the-private-and-public-organizations-a-case-study-of-marlum-nigeria-ltd-emene-and-michael-okpara-university-of-agriculture-umudike-abia-st. Accessed 25 Apr. 2025.

MLA7

T0gOSTL5c0005cdc49c47.77861884, QQXlA1z5c0005cdbe9d75.44641593 . "THE COMPARATIVE ANALYSIS OF THE ACCOUNTING SYSTEM OF THE PRIVATE AND PUBLIC ORGANIZATIONS. A CASE STUDY OF MARLUM NIGERIA LTD, EMENE AND MICHAEL OKPARA UNIVERSITY OF AGRICULTURE, UMUDIKE ABI". Afribary, Afribary, 29 Jan. 2018. Web. 25 Apr. 2025. < https://beta.afribary.com/works/the-comparative-analysis-of-the-accounting-system-of-the-private-and-public-organizations-a-case-study-of-marlum-nigeria-ltd-emene-and-michael-okpara-university-of-agriculture-umudike-abia-st >.

Chicago

T0gOSTL5c0005cdc49c47.77861884, QQXlA1z5c0005cdbe9d75.44641593 . "THE COMPARATIVE ANALYSIS OF THE ACCOUNTING SYSTEM OF THE PRIVATE AND PUBLIC ORGANIZATIONS. A CASE STUDY OF MARLUM NIGERIA LTD, EMENE AND MICHAEL OKPARA UNIVERSITY OF AGRICULTURE, UMUDIKE ABI" Afribary (2018). Accessed April 25, 2025. https://beta.afribary.com/works/the-comparative-analysis-of-the-accounting-system-of-the-private-and-public-organizations-a-case-study-of-marlum-nigeria-ltd-emene-and-michael-okpara-university-of-agriculture-umudike-abia-st

THE COMPARATIVE ANALYSIS OF THE ACCOUNTING SYSTEM OF THE PRIVATE AND PUBLIC ORGANIZATIONS. A CASE STUDY OF MARLUM NIGERIA LTD, EMENE AND MICHAEL OKPARA UNIVERSITY OF AGRICULTURE, UMUDIKE ABI

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