PROPOSALS: This research work is aimed at as certainly the importance of the recounting profession in the Societal Development (private and Public Institutions inclusive). It also highlights some of the problems which an accountant may encounter while performing his role as a professional. The performance of these activities by an accountant and the role he plays in societal development has made accounting the concern of the society and the entire business world. It is sometime said that accounting is an adjust of business because it is employed to supply financial information to individual and organizations. Accounting profession could be defined in relation to problems it addresses in the society such as taxation problems, sales statistics, urban congestion, computer technology, etc. The accounting profession is not only for the good of the individual but also for the society in that it has managerial and social responsibilities to shoulder in the cause of serving the public. To discuss the project in detail, the study has been divided into five chapters as follows:
Chapter one deals with introduction, statement of the problem, objective, significance of the study, limitation and delimitation of the study.
Chapter two deals with the review of related literature, definition of accounting, the necessity for societal development and the role of accounting in societal development.
Chapter three discuses the research design which includes the area of study, types of data used and location details.
Chapter four deals with the analysis of findings based on the data collected. It evaluates and discusses the findings.
Chapter five deals with the findings, recommendations and conclusions made by the researcher.
TABLE OF CONTENT
1.1 Objective of Study
1.2 Significance of the study
1.4 Hypothesis
1.5 Scope and Limitation of the study
4.0 Data Presentation and Analysis
5.0 Summary, Findings, Conclusion and Recommendation
References
This project is aimed at looking into the accounting profession in details and examining its role in societal development.
A study of the evolution of accounting suggests that accounting processes are reactive because they have developed primarily in response to business needs. Also the development of accounting process has been related to economic progress and societal development of a country.
History shows that the higher the level of Civilization or development, this more elaborate and wider the accounting method becomes.
Since Picoli’s days to this present day, accounting has recorded a lot of tremendous changes and growth all over the universe. For instance during the first sixty years of the twentieth century, a major economic and societal force had thrown the accounting profession into new frontiers and responsibilities. The factors contributing to this growth are the increase in the population of large corporate business in the affairs of business by way of taxation and business regulations, technological advancement especially in the area of computerization – which has rapidly changed the process of data procession. These factors, to a great extent, have deeply contributed tot he development of the accounting profession over the years.
The role of computer in the accounting profession has facilitated the traditional functions such as payroll, cost accounting and general bookkeeping.
It is also being used for analytical purposes such as forecasting, cost benefit, analysis, etc.
As professionals, accountants are expected to demonstrate a responsibility tot he public services above their commitment to personal economic gains. Accountants recognize that the special esteem. They enjoy obligates them to work for the improvement of society. Complimenting their obligation to society, accountants have analytical and evaluative skills needed in the solution of the over-growing problems of the universe. The special abilities of accountants as well as their independence and ethical standards, permit them to make significant and unique contribution in such areas as protecting the public interest, preserving environment interest and controlling and improving public programmes.
In recent times, the work of accountants increased in scope.
The reward as added to the accounting profession include installation of accounting system, auditing and investigation management of social activities and host of others.
It is also of importance to note that the increase in the scope of accounting give rise to complex problems, which accountants must encounter. This is why competent accountants are needed in the various areas (i.e. to ease the accounting problems facing the management of companies and the society in general).
Apart from providing accounting information, the accountant also gives his opinion on a wide range of representations such as sales statistics, lease agreement, etc. or the fact that, accounting is not only for the good of the individual accountants have to be conscious of the society’s benefit. This is because social responsibility and service tot he public is the major objective of the accounting profession.
Thus, there is the need for the accountants to develop a social attitude towards their profession. Recall that the accountant is duty bound to exercise his duties with reasonable care, skill and diligence. He must offer his integrity and reputation to the public, which relies on his judgment and pinion.
In view of the purpose of accounting and how it affects the society generally, this study is designed to achieve the following objectives.
It is hoped that this study when completed will
The accountancy profession is faced with ‘teething’ problems, some of which include:
The computer; till data, is still out of the reach of may organization (especially the small scale business) due to its exorbitant each outlay. If this were to be made available to interested buyers at subsisted amounts, the headache associated with the manual system of operation will be reduced to the barest minimum.
These are the problems (among many others) that the researcher can mention. These and other similar problems cannot be solved without a research of this kind. Hence in study, the researcher would advance solution to the problems and t the same time make very useful recommendations that will both alleviate these problems and enhance the prospects of the role of accounting in the development of the Nigerian society.
With regard to the problems identified above as well as the objective of the study, the researcher has these propositions to make:
HYPOTHESIS ONE
Ho: Accounting information is not important to its users.
Hi: Accounting information is important to its users
HYPOTHESIS TWO
Ho: Nigerian accountants have not been participating in social development.
Hi: &
1 - 5 of 96 Reviews |