ABSTRACT: The focus of this study is to asses the effectiveness of bank inter –branch accounting system using central bank as case study. Assessment of the effectiveness of inter branch accounting system in Nigeria cannot be over emphasized, bank in Nigeria are faced with problem of the branch accounting Aranster. Inter-branch accounting system arises as transaction are attached between branch of the same and its branches, with the problems encounted by bank in their inter-p branch dealings there anises a greater need for an efficient management of the possible operating conditions.
In the Coors this work questionnaires and interview methods of investigation were used to collect data from the respondents. Data collected by the above means were Presented and in chapter four and also sued to test the hypothesis that is for umlauted in chapter one the result of the test shows the bank under study uses inter-branch accounting system bin their dealings.
In the light of some weaknesses identified in the course of data analysis some re commendations were made, and it is behaved that if the recommendation are implemented, the efficiency of inter-branch accounting system in banks will be improved.
INTRODUCTION VIII
LITERATURE REVIEW 10
REFERENCES 30
RESEARCH METHODOLOGY 31
FINDINGS RECOMMENDATION AND CONCLUSION
BIBLIOGRAPHY 59
APPENDIX 61
RESEARCH QUESTIONNAIRES 70
Effective inter-branch accountings system (case study of centra bank or Nigeria). The focus this study is to asses the effectiveness of inter-branch accounting system using centra banks as a case study. Assessment of the effectiveness of inter-branch accounting transfer.
Inter-branch accounting system Aries as transactions are affected between the branches office same institution or between the head office its branches with the problems encounted by banks in their inter-branch dealings there arise a greater need for an efficient management of the possible operation condition
CHAPTER ONE
Inter-bank accounting arise as transaction are affected between branch of the same its institution or between the head office and its branches.
These transaction could either result from demand for by one branch or quoted, pending regular supply of cash from head office of expenses incurrent on behalf of a staff of a particular branch by another branch such transaction as above will warrant the raising of messages of value for or against any of the branches as the case may be. Such message as forwarded with utmost dispatch to head office which will upon the receipt of authorized message of value debt the receiving branch credit the giving branch accounting.
Debt of credit actions are affected either in the branch accounts, current “personal of impersonal depending on the nature of transactions
In considering of the volume of transactions that take place daily between carious branches of these banks been a functional inter-branch accounting system.
However, this system has seemingly been rendered ineffective high volume of transaction and bureaucratic procedures which result into back log of untreated items.
There is an urgent need for a modified effective treatment of inter-branch transaction which would greatly reduce the time –lag between then transactions is initiated in one branch and when that transaction is responded to at the other branch.
The two branches concerned in the transaction would be expected to more involved for the finely and conclusion treatment of the transaction within 12 working days.
This is aimed at enhancing the banks in relation to system of the section and head office/branch transactions.
Effective treatment of inter-branch transactions will equally prepare as much as possible a focus for both of the internal and external auditors of the bank to audit the account of the banks in line with the companies and Allied matter act (AMA). The purpose of this study is therefore to:
The present method of inter-branch transaction of volume within the bank as first introduced in central bank of Nigeria in 1980 when the turn accounts current “personal and impersonal” were created to replace the simple current account maintained for inter-branch transactions.
By customer patronage was relatively come terms of number, value and act unities.
However, there has been astronomical increase in these indices over the years, for instance while the branch network these banks doubted between 1980 and 1988, the value of understanding items, built up partly because the branch never relate to one another directly in any may but have to effect their transfer tom and from one another the head office in the process, it could be delayed, misplace sometimes become textile ground fraudsters and with gave consequences for the in general.
Ho: The administrations are procedures currently in place in banks are absolute.
Hi: The administration procedures currently in place in bank are not absolute.
Finding from a study of nature are expected to contribute immensely touch aids improving also help in enhancing the speedy dispensation of inter-bank accounting system Nigeria. The result will specifically reveal the problem areas and the may out of the problem.
In effect, bankers researcher, scholars a study of this nature.
1.6 SCOPE AND LIMITATION OF THE STUDY
For the purpose of this study, the banks inter-branch accounting system as contained in the “Operations manual&r
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