THE ROLE OF ACCOUNTING IN CONSTRUCTION COMPANIES ( A CASE STUDY OF MARIUM NIGERIA LIMITED ENUGU).


THE ROLE OF ACCOUNTING IN CONSTRUCTION COMPANIES ( A CASE STUDY OF MARIUM NIGERIA LIMITED ENUGU).

Type: Project Materials | Format: Ms Word | Attribute: Documentation Only | Pages: 78 Pages | Chapters: 1-5 chapters | Price: ₦ 3,000.00

1,731 marked this research material reliable.
Call or whatsapp: +2347063298784 or email: info@allprojectmaterials.com
THE ROLE OF ACCOUNTING IN CONSTRUCTION COMPANIES ( A CASE STUDY OF MARIUM NIGERIA LIMITED ENUGU).

CHAPTER ONE

1.0            INTROCUTION

The practice of accounting came into existence many years ago though, there was no acceptable definite record as to when accounting developed.  It should be noted that with the advent of colonial rule in Africa, the European system of accounting was introduced in most of the African countries such as Nigeria.  Then, different kinds of people were employed to take care of farms and properties of the Whitman and after that, they have to account for their success so far to their masters because there is a saying that “for every responsibility, there is a saying that “for every responsible, there is always an accountability”.

So if the origin of accounting system is to be trace, if should start from the time people started giving accounts they used in those days cannot be or is not the same as the method we use in this our modern days but can be seen as a base for the modern days account system.

Many definitions have been put forward by various authors of the subject and all seems to have the same meaning.  One of such definitions is that by the American Accounting Association which defined Accounting as “a process of identifying, measuring and communicating economic information to permit informed judgements and decisions by the users of such.

However, the definition could be extended by seeing accounting as “the art of recording, classifying and summarizing, analysing, interpreting and reporting on the financial transactions and position of an organization to interested persons”.  From the definition, it can be observed that all accounting activities involve the use of documentation.

Companies, organizations, institutions and other establishments require the services of accounting information to understand what is going on n the numerous branches, to educate the effectiveness of companies policies on operation and impact of government’s fiscal and monetary instruments.

Accounting information also helps potential investors to put their investments into optimal uses by providing adequate feasibility reports to guide  would be investors.

Now, let us look at the need for accounting information in an organization like Hotels, you will find out that it helps in revealing the amount of profit or loss made and it also deterines the true financial position of the hotel.

Accounting information also helps in dealing on the type of labour to be acquired and the amount to be paid to labourers as their salaries and wages.  It also helps in providing a guide to future policy.  This then leads to the necessity for accounting as underlined by the existence of an accounting department in any organization.

1.1     STATEMENT OF THE PROBLEM

Major problem

          This research study entitled “Accounting procedures in Hotels will try to look into the nature, process, system by which various hotels in Enugu state operate will use of accounting systems and techniques taking a case study of ZODIAC HOTELS LIMITED ENUG.

Sub problem

          As we all know that accounting is a living, practical course, there is need to know the present practices of the profession in such areas, among other as.

  1. Working capital management
  2. Preparation and payment of salaries and wages
  3. Books of accounts
  4. Sales income
  5. Financial report and statements
  6. Assets

1.2            PURPOSE OF THE STUDY

I have particularly involved myself in the operation of a hotel. Sit is known that the researcher’s particular interest in hotel administration can not be over emphasized.

The purpose or objective of this of this research work is as follows.

i.        To examine the forms they (Zodiac Hotels Limit Enugu) take in presenting their transactions with other parties.

  1. To determine the accounting system by which the hotel operates in terms of the “accounting concepts and conventions.

1.3            SIGNIFICANCE OF THE STUDY

I promised that at the completion of this projects, it will helps others who have not been  opportuned which the hotels use.

For the future researchers, the work will be useful and  helpful to them because they can make reference to it as they carry out their own work.  It is worthy of note that presently; the researchers work load is  lessened because of the guidelines on this topic that was made available for him.

1.4            SCOPE AND LIMITATION OF THE STUDY

Due to time constraint and finance, the researcher has decided to confine himself to the accounting procedures in zodiac Hotels limited, Enugu.  If not because of the above reasons, I wailed have liked to make comparison of many hotels.

1.5            RESEARCH QUESTIONS

Ho: The accounting procedure in most hotels is inadequate

HA:  The accounting procedure in most hotels is adequate

Ho: The accounting procedure used by Hotels does not affect the financial statement of the hotels

HA: The accounting procedure used by hotels affects the financial statement of the hotels.

1.6            DEFINITION OF TERMS

Accounting

The art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events which are in part at least, of a financial character, and interpreting the results there to

Liability

Debt which is owned by a company  for goods and services supplied to her which are not liquidated at the time of preparing the balance sheet.

Asset

Anything which is acquired by a business entity either for a  long-term use within the company for the generation of income or for short term/run used for the purpose of conversion into cash within a year.

Profit

The excess of the selling price over all cost and expenses incurred in marketing the sale

Financial statement

A summary of figure, facts showing the financial condition of a business.

THE ROLE OF ACCOUNTING IN CONSTRUCTION COMPANIES ( A CASE STUDY OF MARIUM NIGERIA LIMITED ENUGU).

Additional Information

  • The Project Material is available for download.
  • The Research material is delivered within 15-30 Minutes.
  • The Material is complete from Preliminary Pages to References.
  • Well Researched and Approved for supervision.
  • Click the download button below to get the complete project material.

Frequently Asked Questions

In-order to give you the best service available online, we have compiled frequently asked questions (FAQ) from our clients so as to answer them and make your visit much more interesting.

We are proudly Nigerians, and we are well aware of fraudulent activities that has been ongoing in the internet. To make it well known to our customers, we are geniune and duely registered with the Corporate Affairs Commission of the republic of Nigeria. Remember, Fraudulent sites can NEVER post bank accounts or contact address which contains personal information. Free chapter One is always given on the site to prove to you that we have the material. If you are unable to view the free chapter 1 send an email to info@allprojectmaterials.com with the subject head "FREE CHAPTER 1' plus the topic. You will get a free chapter 1 within an hour. You can also check out what our happy clients have to say.


Students are always advised to use our materials as guide. However, if you have a different case study, you may need to consult one of our professional writers to help you with that. Depending on similarity of the organization/industry you may modify if you wish.


We have professional writers in various disciplines. If you have a fresh topic, just click Hire a Writer or click here to fill the form and one of our writers will contact you shortly.


Yes it is a complete research project. We ensure that our client receives complete project materials which includes chapters 1-5, full references, questionnaires/secondary data, etc.


Depending on how fast your request is acknowledged by us, you will get the complete project material withing 15-30 minutes. However, on a very good day you can still get it within 5 minutes!

What Clients Say

Our Researchers are happy, see what they are saying. Share your own experience with the world.
Be polite and honest, as we seek to expand our business and reach more people. Thank you.

A Research proposal for the role of accounting in construction companies ( a case study of marium nigeria limited enugu).:
A Review on the role of accounting in construction companies ( a case study of marium nigeria limited enugu)., role, accounting, construction project topics, researchcub.info, project topic, list of project topics, research project topics, journals, books, Academic writer.
The practice of accounting came into existence many years ago though, there was no acceptable definite record as to when accounting developed. It should be noted that with the advent of colonial rule in Africa, the European system of accounting was introduced in most of the African countries such as Nigeria. Then, different kinds of people were employed to take care of farms and properties of the Whitman and after that, they have to account for their success so far to their masters because there is a saying that “for every responsibility, there is a saying that “for every responsible, there is always an accountability”... accounting project topics

THE ROLE OF ACCOUNTING IN CONSTRUCTION COMPANIES ( A CASE STUDY OF MARIUM NIGERIA LIMITED ENUGU).

Project Information

  • CATEGORY : ACCOUNTING
  • TYPE : PROJECT MATERIAL
  • FORMAT : MICROSOFT WORD
  • ATTRIBUTE : Documentation Only
  • PAGES : 78 Pages
  • CHAPTERS : 1 - 5
  • PRICE : ₦ 3,000.00

Share Links

Download Post
Download Post

Search for Project Topics

Project topics in Departments

Do you need a writer for your academic work?