ABSTRACT
This research project is on accounting as an aid to internal control system.
The problem study of this research is to find out whether Enugu State Government Accounting records are properly kept according to the provision of the state financial instruction as it concerns the state government. Again to know if there is any loophole in the accounting records as it concerns their internal control.
Any organization wishing to conduct its business in any orderly and efficient manner and to produce a reliable financial accounting information both for himself or others use, needs some control to minimize the effect of endemic human facings. And such control is known as internal control.
Internal control can therefore be define as a system of control, financial and otherwise established by the management of an enterprises in order to carry out the business of such enterprise in an ordinary and efficient manner, to ensure as far as possible the completeness and accuracy of records.
Finally the researcher is faced with problems of summary of all the findings, recommendation based on findings. From this findings accounting has been proved to be the best aid to internal control system. All this endemic human failings such as fraud, missing of files, misappropriation of funds, loop holes, distraction and so on and so forth will minimize where accounting as internal control is followed.
The main objective of this research is to ascertain if the internal control is effective and to analyze ethically the soundness, adequate and application of various internal controls on accounting records. This will also educate the government staff, of various duties expected from them. And also determine the degree of reliance, completeness and accuracy of the accounting records as is contained in the accounting records.
TABLE OF CONTENTS
Title page II
Approval page III
Dedication IV
Acknowledgement V
Abstract VII
Table of contents IX
CHAPTER ONE: INTRODUCTION
1.1 General overview 1
1.2 Statement of problem 3
1.3 Objective of study 4
1.4 Significance of the study 5
1.5 Scope and limitation 6
1.6 Definition of terms 7
References 9
CHAPTER TWO: REVIEW OF RELATED LITERATURE
2.1 General approach to internal control system 12
2.2 Local related and foreign related literature 13
2.3 Objective of internal control system 17
2.4 Principle and characteristic of internal control 19
2.5 Types of control of internal control system 21
2.6 Internal control and management 24
CHAPTER THREE: SUMMARY, RECOMMENDATION AND CONCLUSION
3.1 Summary 26
3.2 Recommendation 27
3.3 Conclusion 30
Bibliography 32
Disclaimer: Note this academic material is intended as a guide for your academic research work. Do not copy word for word. Note: For Computer or Programming related works, some works might not contain source codes
CITE THIS WORK
(2014, 11). Accounting As An Aid To Internal Control System.. ProjectStoc.com. Retrieved 11, 2014, from https://projectstoc.com/read/4510/accounting-as-an-aid-to-internal-control-system-2873
"Accounting As An Aid To Internal Control System." ProjectStoc.com. 11 2014. 2014. 11 2014 <https://projectstoc.com/read/4510/accounting-as-an-aid-to-internal-control-system-2873>.
"Accounting As An Aid To Internal Control System.." ProjectStoc.com. ProjectStoc.com, 11 2014. Web. 11 2014. <https://projectstoc.com/read/4510/accounting-as-an-aid-to-internal-control-system-2873>.
"Accounting As An Aid To Internal Control System.." ProjectStoc.com. 11, 2014. Accessed 11, 2014. https://projectstoc.com/read/4510/accounting-as-an-aid-to-internal-control-system-2873.
- Related Works
- Financial Statement: A Tool For Evaluating Performance Of Companies And Investment Decision With Reference To Being And Bows Nigeria Limited
- The Effectiveness Of Institute Of Chartered Accountant Of Nigeria (ican) As An Agency For Continuing Education
- The Problem Of Budget And Budgetary As Management Tool For Decision Making
- Loan Syndication As An Alternative Business Financing Strategy In Nigeria, A Survey And Synthesis. (a Case Study Of Union Bank Of Nigeria Plc New Market Road Onitsha)
- Impacts Of Capital Management On The Productivity Of Nigeria Companies (a Case Study Of Seven Up Bottling Company, Aba.
- The Usefulness Of Auditing In Nigerian Companies
- Relevance Of Accounting System On The Performance Of Manufacturing Company
- Computerized Audit System-issues Problems And Prospects (a Case Study Of Akintola Williams Deloitte, Abuja)
- The Effect Of Internal Audit On The Performance Of The Private Firm A Study Of M. B Anamco Ltd, Emene Enugu State
- The Role Of Accounting In National Development A Focus On A Developing Economysuch As Nigeria