The study was organized in five chapter I
In chapter one the researcher introduced the topic under different sub heading such as background of the study statement of problems purpose of the study research question testing of hypotheses delimitation of study and scope etc.
A review of related literature was done in chapter two to find out what other view are on the problem from the research it was revealed that pz industries has an effective accounting system which the maintained.
Her accounting procdutive and principles was based on accrued basis.
Chapter three presented the research methodology employed to achieve the purpose of the study. It discussed the preliminary search for relevant information data collection description of population and sample size instrument used for data collection and method of application design of questionnaires and administration the formation of all null hypothesis
Chapter four dealt with data presentation analysis and interpretation.
Chapter five has to do with restatement of the problem summary of the producers used summary of findings conclusion and recommendation.
INTRODUCTION
5.0 Summary conclusion and recommendation
5.1 Summary of findings
5.2 Conclusion
Bibliography
Appendix I
Appendix ii
INTRODUCTION
Te pre requisite for development scientific advancement and adequate management of any business organization is good information system. It is vary important to note that inadequate information in any production industry can influence its activities. A highly productive and organized industry will ensure that the business continues in existence by providing adequate information system.
An accounting system consist of the personnel procedures devices and records used by an organization to develop accounting information and to communicate this information to decision makers. The design and capabilities of these system vary greatly from one organization to the other. In very small business the accounting system may consist of little more than a cash register checkbook and an annual book to an income tax payer. But in large business like production industries an accounting system includes computers, highly trained personnel and accounting reports which affect the daily operations of every department.
The basic purpose of the accounting system in business establishment is to meet the organization need for accounting information information as efficiently and effectively as possible it is therefore important that every business including production industries with much emphasis on Paterson Zucchinis Aba be evaluated to know if there is proper accounting system or if there is more.
Paterson zochonis since inception has made huge success both in the past and present. Although during the first word war they were faced with a square test as young as they were then but as a result of their royal and commited team of employees the business survived.
This research work objective is delving into the utilization of fund and the general accounting and financial control system of production industries with a view of improving the effectiveness of their accounting system of an industry.
1. The appraisal of the performance of Paterson zochonis industries Plc (pz) and to determiner the use of its accounting and financial control measures
The story began in the early 1870, a period many enterprising Europeans started their adventure into the west coast of Africa. George H. Paterson, a high hard Scot and George is zochonis a Greek worked together in the wholesaler ship of small trading company fisher and Randale art scoans Bay free town a sierra Leone. So after their meeting a strong friendship developed between these two people out of shared interest and ambition come to lime light when they set up a trading post of their own. Its official name was simply Paterson zochonis,”
A significant proportion of any company yearly budget allocation is being brought into the development and improvement of the company objective. The main objective or aim of any organization is profit making. It is wise to say that these production industries are established for profit making.
Quite a number of people has seen the ineffectiveness and down fall in the activities of some production industries this may arise as a result of poor management inadequate manpower lack of qualified employees or inadequate funding. Meanwhile much had been said about encouragement of product spending and methods of accounting for the income of these production industries.
This research is of the view that the problem is that of interest organization of these production industries, this must have much to do with computer operation, accounting system producers and control in line with this, the study will dwell on improving the effectiveness of accounting system and control of Paterson zochonis industries plc Aba.
Based on the background of study and statement of the problem given above the major objective of this Study will be built around the following
This research focuses on the following hypothesis
H0: There is no functional and properly designed accounting system in P.z
H1: There is functional and properly designed accounting system in Pz.
H0 : Poor financial results by Pz. Is not relate to the abuse of stationers
disregard to the maintenance staff and lack of effective purchasing agent.
H1: Poor financial results by Pz. Is related to the abuse of stationeries disregard to the maintenance staff and lack of effective. Purchasing agent.
H0 : Income generated are not enough to cover over head expenses.
H1: The office are not well computerized
H1: The offices are well computerized
This research is focused on a case study of Paterson zochonis industries plc Aba due to limited time and the difficulty of data collection in production industries.
The research will evaluate the accounting and financial problem facing the industry with the view to determine the necessary control measure in this area. This study will cover accounting for income revenue reporting budgeting and system of control use of computer system and financial practices of the industry.
The researcher strongly believes that much of the administrative failure of most of the production industries as a result of the ineffectiveness of the accounting system of these industries.
This research work is geared toward,
The following assumption have been made up by the research:
For a better appreciation and understanding of the research the following terms have been defined by the researcher below.
These are the system for collecting and summarizing financial data for use in organizing the affairs of a firm and which is aimed at meeting specific needs of the firm.
These are resources earmark in a budget for specific purpose and this is recorded in the books of fund as soon as the budget is approved not necessarily when the resources are needed.
A financial statement of estimated income and expenditure covering a specified future period of time and it is usually done before the period begins. A budget is also said to be a financial or quantitative statement prepared and approved prior to a defined period of time of the policy pursued, during that period for the purpose of attaing a given objective. It may include income and expenditure of capital.
Budgetary control is a system of controlling cost which include the preparations of budget co-ordination the department and establishing responsibility comparing actual performance with that budgeted and acting upon result to achieve maximum profitability. It relates expenditure to the persons who incures them so that actua
| 1 - 5 of 96 Reviews |