ABSTRACT
In recent times, private and public organizations, in
Nigeria have been faced with cases of financial crisis, which have resulted in
most of the organization going into extension. Those who are able to survive
more are in gunil pace. Obviously, the causes of financial crisis in our
private and public sector have been attributed to be unrecognized in nature and
total negligence of the role accounting in our private and public
organizations. This research work will look the role of accounting in the
central of private and public sectors in Nigeria. It will try to analyzes the
implication of applying the accounting
principles in our private and public organizations and then look at how
these principles confirmed the operation of the private and public sectors of
the organization in Nigeria.
TABLE OF CONTENT
Title page-
– — –
– – –
– – i
Approval page-
– – –
– – –
– – ii
Certification-
– – –
– – –
– – iii
Dedication- – –
– – –
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iv
Acknowledgement- –
– – –
– – –
v
Abstract- –
– – –
– – –
– – vi
Table of content-
– – –
– – –
– vii
CHAPTER ONE
1.1
Introduction- – –
– – –
– 1
1.2 Short Background
history of the case study- 7
1.3 Statement of the
problem- – – – –
11
1.4 Research
Objective and purpose- – –
– 12
1.5 Significance of
the study – – –
– – 12
1.6 Research
questions – – –
– – 14
1.7 Statement of
Hypothesis- – –
– – 15
1.8 Scope and Limitation of the study- –
– 16
1.9 Definition of
terms- – –
– – –
16
CHAPTER TWO
Literature Review-
– – –
– – –
18
Historical development of account in Nigeria- –
25
The nature of accounting principles- –
– 28
Types of accounting principles– –
– – 31
Factors affecting accounting principles- – –
36
The role of accounting in the control of public
sector-38
Problems of accounting in the control of public sector in
Nigeria- – –
– – –
– – 41
How accounting is used to control public sector in Nigeria
economy- – – –
– – –
43
The role of accounting in the control of public sector44
How accounting been used in the control
of private sector-
– – –
– – 45
The role that accounting played in the control of private
sector- – –
– – –
– 48
CHAPTER THREE
Research methodology and design- –
– – 50
Introduction- – –
– – –
– – 50
Research methodology – – — – 50
Research design-
– – –
– – –
51
Population sampling
– – —
– – –
52
Reliability of data-
– – –
– – –
52
Sampling technique-
– – –
– – 53
Development –
– – –
– – –
– 54
Observation- – –
– – –
– – 55
Data analysis- –
– – –
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56
Data collection-
– – –
– –
– 56
CHAPTER FOUR
4.0 Data presentation
and analysis– – –
– 58
4.1
Introduction- – –
– – –
– – 58
4.2 Data presentation
and analysis – – –
– 59
4.3 Test techniques- –
– – –
– – 72
4.4 Decision
rule- – –
– – –
– – 72
4.5 Testing the
hypothesis– – – –
– – 73
4.6 General
comment- – –
– – –
– 80
CHAPTER FIVE
5.0 FINDINGS
RECOMMENDATION AND CONCLUSION- 82
Summary of findings –
– – –
– – 82
Recommendations on finding – –
– – 85
Recommendations for
further studies- – –
87
Conclusion – – –
– – –
– – 88
Further suggestion to the studies work- –
91
Bibliography – –
— – –
– – –
92
Appendix- – –
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– – –
94
CHAPTER ONE
1.1 INTRODUCTION
In most developing countries Nigeria, government
participation in economic activity is usually significant. One of the way
through which the Nigeria economy grows is through the establishment of public
enterprises. Public enterprises are statutory bodies operating services of an
economic or social character or both on behalf of the colonial era. Especially after independence in 1960,
Nigeria public enterprises have witnessed a steady growth until recently. As “o
lies (1988.133) puts it.” Beginning as a twinkle in the period between the era
of the second world war and Nigeria attainment of independence, and the
creation of public co-operation has risen to flood revel since independence and
has maintained a steady growth.
The rationales behind the establishment of public
enterprises in Nigeria are many. Some to the reason include: generating revenue
that would add to available national capital for the support of development on
welfare programmes, making it impossible for important profitable enterprise to
be controlled by a few individuals or group, organizing certain critical
activities for national survival and economic stability and providing
employment opportunities (Ademotecum 1983)
However after a
long period of growing starts intervention in the Nigeria economy through
public enterprises, the mid 1980’s. onward has sometimes and put policy. This
has been brought by the persistent has been running over the years.
Consequently, there has been a willingness to look at the alternative policy
strategies for the achievement of economic developments. As the fore front of
the sea
Strategies in the minimization of the state in the economic
including privation of public enterprises.
In Nigeria public enterprises are engaged in a whole
spectrum of economic activities including agriculture mining, constriction,
manufacturing, commerce and other services. The classifications of public
enterprises in Nigeria have been made according to a variety of criteria and by
different authority. The public service review commission (1975:101)
classified.
Public sector into:
public utilities
Regulatory or service body
Financial institution
Commercial and industrial enterprises being a mixed economy,
individuals also own and operate enterprises. A firm is classified a private
enterprises when it is founded and managed by an individual and or a group of
individuals. The firms are operated within the local government.
The rational for the establishment of private enterprise are
numerous just like the establishment of public enterprise. They include among
others, provision of employment opportunities, generating in come for the
owners of the enterprises government is also interested in profit performance
of the enterprises which determines the fax liability of the firm moreover the
generate public are concerned with the sense of social responsibility which the
business exhibits to the environment in which it is located and its within ness
to contribute to the upliftment of the environment.