ABSTRACT: Most critics hold that there are paucity of accounting records maintained by co-operative societies. This study therefore investigate the level and the adequacy of accounting records of co-operative societies. To determine this, the fundamental objective of the study among others are.
The entire cooperative societies in Enugu North local government area (registered) was the study population from which 98 was selected. A set of structured questionnaire was administered to the sample out of which 72 responded. Oral interview were also used to collect useful data and information which could not have been portrayed by the questionnaire.
The collected data were classified, analysed and interpreted by the use of tables, percentage, product moment of correlation and chi-square (test of goodness of fit) was used in testing the hypothesis.
From the analysis of data the major findings are that.
Based on the findings some of these recommendation were made.
PROPOSAL
The growing complexities and challenges of the global co-operative societies has in recent times increased like wilel fire. The queve which is almost a culture in the country, fraudulent activities etc there, the need now arises on how these problems can be solved.
The research work is designed to analyse the role of co-operative societies and operational performance in local government areas reference to Enugu North.
It also helps other people to know the full meaning of co-operative societies in Nigeria and what they should achieved on it. Before forming co-operative society they will make sure that they investigate the level of adequacy of accounting records of co-operative societies.
It will heep them to know that they should tried to keep adequate accounting records of books and also to determine the impact of the present level of accounting records on profitability and viability of co-operative societies.
An oral interview is used to collect useful data and information which could not have been portrayed by the quesionnarie. Form the analysis of data my major finding is that co-operative societies do not really maintain adequate accounting system; also that co-operative societies make use of their members as their accounting staff usually the secretary finally that most co-operative societies do not comply with the established accounting standards.
TABLE OF CONTENTS
CHAPTER ONE
INTRODUCTION 1
Definition of Accounting10
Objectives and importance of accounting information12
Importance of accounting14
Definition and meaning of accounting
system/composition of system. 17
Accounting system.18
Importance of maintaining adequate
accounting system 23
Definition and meaning of co-operative societies26
Origin of co-operative society in Nigeria.30
Problems of co-operative societies32
Bibliography 62
Questionnaire 64
CHAPTER ONE
INTRODUCTION
Co-operative societies are part of the aim of government, they are natured by the government the government believe that through co-operative societies that the standard of living of the masses will improve. They are meant to enhance the economic and social well being of the populace as this will help to record economic growth and subsequent development, that is why the government sponsor and run some of the activities of co-operative societies. For instance the government employ co-operative field staff to disseminate the gospel of co-operation, to nature co-operative by giving them directives and prepare them for registration and also to audit the accounts of co-operative, societies.
Co-operative societies are business organization though in the class of non profit seeking form of business organization whether a business is profit oriented or non profit oriented, it should hare an accounting system.
Against this background, this research is designed to study the accounting system of co-operative societies how the information presented by the accounting system is utilized. Ie whether it is used in making decisions for the business
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