TABLE OF CONTENTS
CHAPTER ONE
Introduction
Historical background
Statement of hypothesis
Objectives of study
Importance of study
Conceptual definition of terms
Organization of studies
CHAPTER TWO
Review of related literature
What non-profit making organization is
Accounting document
Sources of income
Accounting system
Accounting basis
Important of accounting information
Impact of accounting information
Dangers of unqualified hand handling accounting information
CHAPTER THREE
Research methodology
Sources of data
Research instrument used
Data analysis techniques
CHAPTER FOUR
Presentation and analysis of data
Analysis of questionnaires distributed
Test and proofing of hypothesis
CHAPTER FIVE
Findings, summary, conclusion and recommendation
Discussions of findings
Summary of findings
Conclusion
Recommendation
Appendix
Questionnaire
Bibliography
PROPOSAL
The aim of the research study is primarily on the impact of accounting information to non-profit making organization a case study of Grace of God Mission, Awkunanaw. Today, accounting information has played a vital role in every organization especially non-profit making organizations. These roles ranging from building, developing, sustaining, stabilizing, which make organization to survive atmosphere of economic recession.
It is on this background that the in-depth analysis of the impacts of accounting information to non-profit making organization becomes worthwhile. In this research work, two hypothesis will be tested and the resultant effect in the first hypothesis is that church cannot break way where the priest does not keep adequate financial information while the second hypothesis is no whether accounting information may not create problems when unqualified person handles it.
The applications of Accounting Information have contributed to the growth and development of every business entity. Non-profit making organization on the other hand has immensely benefited from accounting information to survive, integrate and stabilize in this current economic recession in the country. Any of the non-profit making organization that neglect the roles and impacts of accounting information will at the end of the day fold up.
Many churches today have split, folded up, merged with another due to claims that the church funds has been embezzled, diverged and mismanaged where the committee or the priest concerned fails to present and document financial records of the church. This has created loopholes for the spreading of churches at every street and corners, hence churches are seen as the fastest means of making money.
1.1 HISTORICAL BACKGROUND
Grace of God Mission started in the late seventies, but was registered as a corporate body under the “Land Perpetual Succession Act Lap 98” on 14th October, 1980.
Grace of God Mission as one of the leading and dynamic Pentecostal churches in Nigeria has a network of branches across each region of Nigeria and some branches outside Nigeria.
However, Awkunanaw began as a local church branch in 1984 under the pastoral care of late Rev. Raymond Iwundu. The church at Awkunanaw grew like mustard seed to its summit as a Division Headquarter in 1997 having five (5) district churches and 23 local churches under her control.
1.2 STATEMENT OF PROBLEM
The persistent increase in cost of ineffective management of accounting information in church has caused schisms, folding up, breaking away and springing up of mushroom churches.
This project proposes to examine whether the church can survive, grow, stabilize under this atmosphere.
1.3 STATEMENT OF HYPOTHESIS
The following hypothesis were formulated in order to find out the validity and reliability of information gathered.
H0: Church cannot break away where the priest does not keep adequate financial information.
H1: The church can break away where the priest keeps inadequate financial information.
H0: Accounting information may not create problems where unqualified hand handles it.
H1: Accounting information may create problems where unqualified hand handles it.
1.4 OBJECTIVE OF THE STUDY
Noted hereunder are specific objectives, which the project is designed to achieve:
1.5 IMPORTANCE OF THE STUDY
The critical analysis of this work will be very beneficial to non-profit making organizations especially the churches.
It will serve as a better information guide to churches who wish to apply accounting information. It will help all to appreciate the impacts of accounting information not to the non-profit making organization but to profit oriented businesses.
1.6 SCOPE AND LIMITATION OF THE STUDY
This work covers the area of impact of accounting accompanying accounting information to Non-profit making organization with reference to Grace of God Mission Awkunanaw.
During the course of the research, the researcher faced the following problems.
1.7 CONCEPTUAL DEFINITION OF TERMS
The terms used in this project work has been simplified to enable even the least literate person to understand easily. To this end almost complete elimination of technical works or expressions has been made. This has been made in order to make sure that the information sought for from this work is got at a glance. Nevertheless, some few technical words may include:
1. Accounting
This is the act of recording, classifying and summarizing in a systematic manner and in terms of money, transactions and events which are, in part at least, of a financial character, and interpreting the result thereof.
2. Information
This is processed data. Data are merely facts and figures that have little to do with decisions.
3. Planning
It is setting goals and ways to achieve them
4. Surplus:
It is excess income over expenditure
5. Deficit
It is excess expenditure over income
6. Journal
A book of original entry listing transactions affecting general ledger accounts in chronological order in terms of their debit and credit amount.
7. Ledger
A book containing the individual accounts of a business entity.
8. Voucher
A written authorization to pay individual or company whose name appear in the vouchers. Usually contain the name of the individual or company to be paid, the amount of payment, signature authorizing of payment, the reasons for payment, signature authorizing the payment and the accounts to be debited or credited as a result of the payment.
9. GGM:
Grace of God Mission
10. Tithes
Calculated 10% of one’s income
11. Board Members
Members of Elders, Deacons and Deaconesses
12. Church Workers
The Exco of various wings and departments in the church.
13. Members
Those who do not hold any position in the church but they belong to the church.
1.8 ORGANIZATION OF THE STUDY
In order to have comprehensive approach towards the impacts of accounting information on non-profit making organization the researcher divided this work in five (5) chapters.
Chapter one deals with the introduction, brief history of the organization, statement of hypothesis, objective of study.
Chapter two deals with the literature review and the following topics were discussed under the following headings. Non-profit making organization, accounting information system, accounting document sources of income, accounting system, accounting basis, importance of accounting information, users of accounting information, impacts of accounting, dangers of unqualified hand handling accounting information.
Chapter three talks on research methodology and chapter four is on the presentation and analysis of data.
inally, chapter five is on findings, summary, recommendation and conclusions
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