IMPLICATION OF ACCOUNTING AS A N INTERNAL CONTROL MECHANISM IN THE GOVERNMENT MINISTRIES


IMPLICATION OF ACCOUNTING AS A N INTERNAL CONTROL MECHANISM IN THE GOVERNMENT MINISTRIES

Department: accounting project topics | Type: Project topics and materials | Format: Ms Word, PDF | Attribute: Documentation Only | Pages: 30 Pages | Chapters: 1-5 chapters | Price: ₦ 3,000.00

2,148 marked this research material reliable.
Call or whatsapp: +2347063298784 or email: info@researchcub.info
IMPLICATION OF ACCOUNTING AS A N INTERNAL CONTROL MECHANISM IN THE GOVERNMENT MINISTRIES
IMPLICATION OF ACCOUNTING AS A N INTERNAL CONTROL MECHANISM IN THE GOVERNMENT MINISTRIES

INTRODUCTION
1.1 BACKGROUND OF THE STUDY
One problem of management is planning but planning is useless if it is not implemented. The success of any plan is based on adequate control and monitoring of the achieve the requirement objectives.
However, this is a research on the implication of accounting as an internal control mechanism in Enugu State Ministries.
Accounting is defined as the art of recording and giving result of business transaction to the client. It is a medium of communication, pricing and transmitting and receiving information. Accounting therefore must have its origin to the time when man began to entrust the man agreement of his state to another usually his servant long time age.
However, accounting in the sense we know it today certainly has its origin between 14th and 16th century. As commerce developed the number that participated in enterprises increased more significantly.
Those who provide financial backing for venture would often not want to be involved in day to day management of the enterprises.
Those who were not directly involved needed summaries of the transaction so that they would understand the enterprises position without the need for them to go through the books in detail.
Early Greek and Roman accounts were kept on the charge and discharge principles centered on the need to keep tract of assets and exercise control over those entrusted with property.
The period 1948 witnessed a meritorious event in the development of accounting and auditing. The joint stock act of the year, which made possible the separation of management and ownership of joint stock companies, created a new dimension in the requirement for periodic financial statement as shareholder and other investment. With the advert of colonial rule in Africa, the European system of accounting was introduced in West African countries such as Nigeria, Ghana, Gambia and so on.
The primary purpose of accounting is for stewardship. It should be largely correct them to say that the earliest form of accounting records revealed the preoccupation with internal control.
According to Osita Aguola (1998:36). An internal control is the whole system of controls, financial or otherwise established by management, in order to secure, as far as possible the accuracy and reliability of the records in the business in an orderly manner and safeguard the company’s asset, it’s objective being the prevention or early detection of fraud and error.
Accounting can be taken as the set of rules and method by which financial and economic data as collected processed and summarized into reports that can be used in making decision. Management accounting which is another accounting system is different from financial accounting which get it impetus form the industrial revolution. It is the application of accounting and statistical technique. For the specific purpose of providing and interpreting cost information designed to assist management in its function in promoting maximum efficiency. The most recent accounting method is social welfare or responsibility accounting and owes it’s birth to the social revolution which has been under way in the Western world in the last few years. It created social awareness that people started becoming interested in not just the amount of profit made but also on how the numerous social problems could be solved. Accounting records from the bedrock of management decision and continuity of the business concerned. The need for the establishment of internal control mechanism is necessarily to ensure the safety and ethnicity of accounting records from the points of collection of cash or material for final uses.
Internal control therefore means the whole system of controls financial and otherwise established by the management in order to carry on the efficient manner, ensure adherence to management policies, safeguard it’s assets and secure as far as possible the accuracy and reliability of it’s records.

TABLE OF CONTENT
Title page ii
Approval page iii
Dedication iv
Acknowledgement v
Preface vi
Table of content vii

CHAPTER ONE
Introduction 1
1.1 Background of the study 1
1.2 Statement of the study 4
1.3. Purpose of the study 5
1.4. Significance of the study 6
1.5 Scope of the study 7
1.6 Definition of terms 8

CHAPTER TWO
Review of related literature 10
2.1 Principles of financial internal control system 13
2.2 Sources of data 18

CHAPTER THREE
Summary of findings, recommendation  19
and conclusion
3.1 Summary of findings 19
3.2 Summary of recommendation 20
3.3 Conclusion  21
Bibliography 23

IMPLICATION OF ACCOUNTING AS A N INTERNAL CONTROL MECHANISM IN THE GOVERNMENT MINISTRIES

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@researchcub.info 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 implication of accounting as a n internal control mechanism in the government ministries:
Reviews: A Review on implication of accounting as a n internal control mechanism in the government ministries, implication, accounting, internal project topics, researchcub.info, project topic, list of project topics, research project topics, journals, books, Academic writer.
One problem of management is planning but planning is useless if it is not implemented. The success of any plan is based on adequate control and monitoring of the achieve the requirement objectives. However, this is a research on the implication of accounting as an internal control mechanism in Enugu State Ministries. Accounting is defined as the art of recording and giving result of business transaction to the client. It is a medium of communication, pricing and transmitting and receiving information. Accounting therefore must have its origin to the time when man began to entrust the man agreement of his state to another usually his servant long time age. However, accounting in the sense we know it today certainly has its origin between 14th and 16th century. As commerce developed the number that participated in enterprises increased more significantly. Those who provide financial backing for venture would often not want to be involved in day to day management of the enterprises. Those who were not directly involved needed summaries of the transaction so that they would understand the enterprises position without the need for them to go through the books in detail. Early Greek and Roman accounts were kept on the charge and discharge principles centered on the need to keep tract of assets and exercise control over those entrusted with property. The period 1948 witnessed a meritorious event in the development of accounting and auditing. The joint stock act of the year, w.. accounting project topics

IMPLICATION OF ACCOUNTING AS A N INTERNAL CONTROL MECHANISM IN THE GOVERNMENT MINISTRIES

Project Information

Share Links

Download Post
Download Post

Search for Project Topics

Project topics in Departments

Do you need a writer for your academic work?