ABSTRACT This oil industry in Nigeria has grown tremendously since its discovery in 1908. it has become a major source of revenue and foreign exchange earner for the country. Accounting for over 90% of total revenue of into nation. This write up which has been divided into five chapters including the introductions, which later the documentation of transactions and preparations of the financial statement in this industry with particular reference to shell petroleum Development company of N...
ABSTRACT International trade and other economic activities between nationalities have greatly expanded in modern times. Movements of goods and services over great distances have made possible the consumption of such goods and services even in place or countries where they are not produced. The implication being and improve the standard of living for many. However, exporting countries and importing nations trace the enormous problems or exchange rates fluctuations. In this work an attempt ha...
ABSTRACT This research work was necessitated by the need to highlight, the cost accounting and control problems inherent in the agricultural sector and Nigeria economy with particular reference is the production and animal fees and concentrates. This is with view of efficiency and the achievement of organization goals. The stuffy was done to ascertain whether enough cost accounting information is being generated for managerial purposes by Livestock Feed Plc. To identify the cost accountin...
ABSTRACT It is a well-known fact that there are memories problems inherent in the Nigerian personal income tax system. With the present economic mess in the country, a lot of problems emanated from the assessments, collection and management of personal income tax. Personal income tax is a source of revenue to the government and, therefore must be saved from the set backs. Since we are not in an ideal world, the problems associated with personal income tax may not be completely eradicated ...
ABSTRACT We recognize that financial control is aimed at the attainment of optimum efficiency in the performance of public service, and one of the merits of the planning-programming-budgeting system (PPBS) is the fact that it emphasizes objective criteria of effectiveness and efficiency by forcing policy maker to examine simultaneously a wide range of alternative options in meeting an objective. The level of government spending depends not only upon the scope and extent of various functions p...
1.1INTRODUCTION Accounting is the act of recording, classifying and summarizing in significant manner and in terms of money transactions and events which are Interpreting the result thereof. (AIC PA 1953). But in a general sense. It may be considered as a means by which we measure and describe economic activities. Whether you are managing a business, making Investments or deciding how to spend your money, you are working with accounting concepts and accounting Information. Every business enti...
ABSTRACT This research work is aimed at ascertaining the various roles played by using computer in recording accounting information problems and prospects in the modern business world using Bendel feed and flour mill, Ewu, Edo state as a case study. The importance of using computer in recording accounting information will be apparent when considering the fact from the data that is gathered in the course of this work, from the related literature as well as, from interviews and discussions. Als...
INTRODUCTION 1.1BACKGROUND OF STUDY Tax can be defined as a leery, which government imposes on the income of the citizens of a state for which government makes no direct benefits to the taxpayers. It is also an impose by a state on persons who are resident or who earn income within the state. It may take the form of a direct or indirect tax. Generally speaking, a tax is said to be direct where the payment of the tax and the burden fall on the same person; it is indirect where the impact falls...
ABSTRACT Insurance by nature, is not a modern day concept. It has a development history of so many – centuries. The art of insurance has grown as a result of individual, corporate bodies and government need for the fortunes of lives and business. Therefore, the types and classes of account were those which were expected to show to the venturers, i.e. the owner of business, government and individuals. It is based on this that the researcher, therefore, focused this study on the role of...
INTRODUCTION 1.1General introduction and background of the study The management of an organization’s capital relates to the finance and investment of non-human resources, that is, physical and monetary assets, for the purpose of maximum benefit in terms of profitability. According to Frear (1980) profitability is determined in part by the way in which a company manages its working capital elements, especially the company’s management policies in respect of cash and account receivable/pa...
ABSTRACT The currency of a nation is made to appreciate. Is this appreciation made at the expense of the foreign market determinant? Or is it as a result of the country’s effort? It is the aim of this research work to find out if Nigeria apply foreign exchange rate controls, is naira appreciation what we attain to achieve. This research work has five chapters. Chapter one contains a general discussion of the foreign exchange rate fluction as seen by different people. It went further to ...
ABSTRACT This topic that is being treated (the role of a statutory auditors in controlling fraud in government owned establishments) is very important to our present economic condition if people will blend with the results and findings of this term paper. In the chapters of this project, it is clear that an auditor is very important in all government establishment. This is because the Nigerian citizens, see government properties as nobody’s property. The auditor is just an impartial ...
ABSTRACT Generally speaking, this academic work “THE ROLE OF ACCOUNTING IN NATIONAL DEVELOPMENT”, shows how accounting play a major role in the sustenance of economic viability, political stability and social harmony in any given state or nation. The reason for this obvious fact as regarding our national development is not far fetched considering the enormous multisectoral dimension of Nigerian economic activities both in the public and private sector. The first chapter tries to introdu...
ABSTRACT The concept “source documents” is a familiar term with those involved in keeping accounting records or watch dogs of limited liability and public liability companies and organizations from time to item, most often on annual basis, the independent Auditors call to review the accounting records kept by their clients. This they do by studying and evaluating the internal control systems in the company. This approach makes it possible for lapses, discrepancies, deficiencies and bo...
INTRODUCTION BACKGROUND OF THE STUDY It is not only in Nigerian economy that is in distress, most companies are also in distress and their managing directors are equally in distress. Some of the managing directors are now languishing in either prison or police custody as a result of their contributory roles to their companies predicament. Most distressed companies are financial houses like banks, investment and insurance companies. But a lot of other non-financial companies are also in dist...