1.0INTRODUCTION 1.1BACKGROUND OF THE STUDY VAT as a system of revenue generation has been in existence in Nigeria since January 1st 1994. It has recorded remarkable increase in revenue generation for the nation and has been shown by numerous researches to be more effective than the sale tax in revenue generation. VAT, however, has not achieved all its objectives especially in the University of the Tax. While almost every one buys vatable goods, a lot of institutions, persons and vatable ent...
ABSTRACT It is often heard that some companies tries to manipulate their financial statement to avoid paying tax or even when they say it is lesser than they supposed to have paid, deposit the tax incentive given to them and that make the researcher to look in depth to find out the effect of this tax incentives offered to private investors and its impact in the industrial development at the entire nation. How far has the tax incentive helped to redirect the investment pattern in Nigeria? It i...
ABSTRACT Government owned establishments in which hotel business is one, are no longer booming in the nation’s competitive economy due to improper accounting system existing therein; as a result of non-challant attitude of its staff. Accounting which is the foundation of every business has been of age in the society. This project work has three chapters: Chapter one is the introduction which gives hints on accounting standards and means of achieving management objectives. Chapter two is...
1.0INTRODUCTION The need to develop micro economic activities that could enhance self-reliance as a strategy for reducing poverty becomes so pronounced that the three arms of government (Federal, state and local government) come up with various initiatives. Among these were programs and policies that aimed at: -Stimulating economics growth through the engagement, of semi-skilled and unskilled labour in production activities -Immediate reduction of social vices and tension in the society by ...
ABSTRACT The accountants the business and the economy are inseparable. They are mostly needed in resolving various conflicting investment decision, initiating and co-ordinating meaning of economic development and growth. In Nigeria, this function has largely been restricted to the reporting role, book-keeping accounting and auditing. This research project is thus a search part for what the role of the accountant, has been and what it should be in enhancing economic development in the area of...
ABSTRACT Capital equipment procurement simply means the purchase of longer lasting machinery. Therefore, in this work, the research is concerned with purchasing role in capital equipment procurement in motor assembling plant Enugu. The brief history of the organization, the problem they encountered in the purchase are enumerated in this work and also finding and recommendations. The main purpose of this project is to enable the researchers meet the award of the Ordinary National (OND) in the ...
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 accountin...
ABSTRACT The title of this research work is, problems and prospects of local government finance/accounting in Nigeria” with particular reference to Nsukka Local Government Area, Enugu State. It has been identified that accounting and financial reporting in the public sector particularly at the local government level was not given adequate attention. In the course of carrying out this study, the following objectives among others were set which included. The identification of major causes...
1.0RESEARCH BACKGROUND 1.1INTRODUCTION The term “fund accounting” is as old as the world itself. The origin of fund accounting could be traced to the parable of talents in the holy Bible (Mathew 25: 14-30) about a man who delivered his goods to three of his servants and traveled to a far country two of them traded with their and made profits while the third went and buried his in the ground. When the time for accounting for the fund came they all rendered their accounts for the...
ABSTRACT Accounting can be defined as the recording summarizing analyzing and interpretation of an organization. Accounting system is a set of rules regulations and procedures which are articulated by a appropriate theoretical force into a system. Ti process data into information which are required as input in the decision making system of the organization. Based on these definitions accounting of public sector involves activities of collecting analyzing recoding summarizing reporting and i...
INTRODUCTION Responsibility accounting is the third type of management accounting information. It is called by that name because the accounting information is structured according to organization units, which are responsibility centers. Responsibility accounting collects and reports information that is used in an important management function and management control. RESPONSIBILITY ACCOUNTING DEFINITION An information system designed to a measure the performance of that segment of a busin...
ABSTRACT Financial planning and control is important in an organization in the sense that it ensures proper planning and implementation of cash flow in the organization. Financial planning and control also discover fraud and irregularities of financials. In recent time, financial planning and control have been overviewed and emphasized by most organization. Consequently, fraud, loss, theft of cash and material are of increase with case of financial planning and control weakness in the sys...
INTRODUCTION 1.1BACKGROUND OF THE STUDY Working capital management involves not only the management of current assets but also the management of current liabilities and the relationship between the two. Time is the feature of all items making up working capital. Working capital describes the assets and liabilities of a business that are related directly to its trading activities. Some of them are held to enable the business to function, such as debtors and creditors. They are the items ...
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 so...
ABSTRACT In 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 a...