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THE IMPACT OF EMPLOYEES PARTICIPATION IN DECISION MAKING AND ORGANISATIONAL PRODUCTIVITY

THE IMPACT OF EMPLOYEES PARTICIPATION IN DECISION MAKING AND ORGANISATIONAL PRODUCTIVITY (A CASE STUDY OF ANAMMCO COMPANY ENUGU)

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THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE

MAKE YOUR PAYMENT  INTO ANY OF THE FOLLOWING BANKS:
 GTBANK
Account Name : Host Link Global Services Ltd
ACCOUNT NUMBER: 0138924237
First Bank:
Account Name: Chi E-Concept Int’l
Account Name: 3059320631

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

Enter Amount

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OUR  CUSTOMERS CARE  OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

 

ABSTRACT

Decision is the point at which plans, policies and objectives are translated into concrete action.  It is noted that Managers, do consider decision making to be the heart of their job in that they must always choose what is to be done, they influences the ordinary employees in decision making.

The objective of the research is to know the impact of employees participation in decision making on organizational productivity in Nigerian public sector organizations.

Structural questionnaires were administered to 210 respondents which include the management (senior) and intermediate staff of the company, through the employees participating in the decision making will result to high productivity in the organization.

Data collected are analysed in a tabular form using a simple percentage of formular to get the findings.  The results were discussed in terms of the need for the employee to participate in the decision making in an organization to boost productivity.

 

 

TABLE OF CONTENTS

CHAPTER ONE:

  • Introduction

1.1     Background of study

1.2     Statement of problems

1.3     Purpose of the study

1.4     Scope of the study

1.5     Research Hypothesis

1.6     Significance of the study

1.7     Limitation of the study

1.8     Definition of Terms

 

 

 

CHAPTER TWO

  • Review of Related Literature

2.1     The Concept of participation

2.2     Factors that influence participation

2.3     Prerequisites for participation

2.4     Forms of Employees participation

2.5     Different needs for participation

2.6     View Expressed

2.7     Constraints to participate

2.8     Argument for participation

2.9     Argument against participation

References

 

CHAPTER THREE

  • Research Design and Methodology

3.1     Research Design

3.2     Area of the study

3.3     Population of the study

3.4     Sample and Sampling procedure

3.5     Instrument for data collection

3.6     Validation of the instrument

3.7     Reliability of the instrument

 

 

  • Method of data collection
  • Method of data analysis

References

 

CHAPTER FOUR

  • Data Presentation and Analysis

4.1     Presentation and Analysis of Data

4.2     Testing of Hypothesis

4.3     Summary of Results

References

 

CHAPTER FIVE

  • Discussion, Recommendation and Conclusion

5.1     Discussion of Result/Findings

5.2     Conclusion

5.3     Implications of Result/Findings

5.4     Recommendations

5.5     Suggestions for further research

Bibliography

Appendix

Appendix

 

CHAPTER ONE

 

 

  • BACKGROUND OF THE STUDY:

It should be known first that a decision is a choice whereby a person forms a conclusion about a situation Costello, I Wand Zalkind, S.S. (1963 p. 334), confined the term decision making, to a choice process, choosing one from among several possibilities.  However, election theory in Costello, T.W. et al (1963, p. 387) largely considers decision as asking the process of making a single choice among course of action at a particular point in time.  This depicts a course of behaviour about what must be done or vice versa.

Decision, however, is the point at which plans, policies and objectives are translated into concrete actions.  Planning engenders decision guided by company policy and objectives, policies, procedures and programmes.  The aim of decision making is to channel human behaviour towards a future goal.

Decision making is one of the most germane activities of management.  It has been the preoccupation of all the management of multifarious organization ranging from small-scale organization to multinational corporations.

Managers many at times consider decision making to be the heart of their job in that they must always choose what is to be done, who will do it, when, where and most of the time how it will be done.

Traditionally, managers influence the ordinary employees and specifically, their immediate subordinate in the organization.  This has resulted in managers making natural decision even in area affecting their subordinates.  In Germany, around 1951, a law enacted which provides for code termination and requires labour membership in the supervisory board and executive committee of certain large corporations.  However, the participation of labour in decision making process results to relatively and peacefully labour management relations.

Additionally, the Japanese management WSES decision making by concensus in which lower – level employee initiate the reaches the desk of the top executive.  If the proposal is approved, it is returned to the initiator for implementation.

It is in this context, that the researcher wishes to assess the impact of employees participation in decision making on organisational productivity in Nigerian Public Sector organization, using Anammco Company as a case study.

1.2     STATEMENTOF THE PROBLEM:

There has been a lot of controversy as to whether an employee should participate in managerial decision making or not.  Some writers argued that employees where it affects them or their jobs, it is expected that such participation will serve as training and testing ground for future members of upper management.

In Nigeria, experts that refuted the above assertion see the arrangement as a symptom of malorganisation

THE PROBLEMS OF WORKING CAPITAL MANAGEMENT IN THE PRIVATE SECTOR.

THE PROBLEMS OF WORKING CAPITAL MANAGEMENT IN THE PRIVATE SECTOR.

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COMPLETE MATERIAL  COST  N2,500 Or $10.  FRESH  PROJECT MATERIAL  COST 50,000 NAIRA FOR UNDERGRADUATE, OTHERS 100,000 -200,000 NAIRA.

THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE

MAKE YOUR PAYMENT  INTO ANY OF THE FOLLOWING BANKS:
 GTBANK
Account Name : Host Link Global Services Ltd
ACCOUNT NUMBER: 0138924237
First Bank:
Account Name: Chi E-Concept Int’l
Account Name: 3059320631

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

Enter Amount

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OUR  CUSTOMERS CARE  OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

 

 

CHAPTER ONE

 

  • THE INTRODUCTION

The main objectives of any business in the private sector is to make profit, but the uncertainty inherent in today’s economical environment threatens the survival of every business and makes sound liquidity and management, the local point for financial management rather than achievement of maximum profit.

  1. For sometime past, the convention revenue occurs and balance sheet have been considered sufficient for the effective control of a business. The deeper study and in creased financial lead to an ever growing and importance of working capital and it’s influence on the success or otherwise of business operations.

 

  1. Working capital management has been various defined but in a nutshell, it refers directly to planning, organizing, financing and controlling of resources available to the business in order to achieve set of objective or a definite goal.

L.R. Howard puts it this way; working capital may be regarded as the life hood of a business. Its effective provision can do much to ensure the success of a business while it’s in efficient management can lead not only to loss of profit but also to the ultimate downfall of want.  Otherwise might be considered as a promissory concern.

 

  1. It is certain that if skilled working capital management is not available in amount of finance provided will transform a financially weak company with mediocre performance into a strong and dynamic organization enjoying a scintillating reputation.

 

  • BUSINESS GUIDING OBJECTIVES

Every business has its objectives that guides its policy and in

their most basic form include survival, profitability and growth.  Growth objectives are the control philosophy of any successful management.  This may be expressed in a variety of ways. Sales, profit, market share, geographical coverage, product line but they are all contingent on a continues flow of funds affording management the means to implement decisions.

So, while the primary financial responsibility form an ownership view point may be to maximize value, the financial executive primary managerial responsibility is to present the continuity of the flow of funds, so that no essential decision of top management is frustrated for lack of corporate purchasing power.

  1. Considered in these terms the researcher wants to examine how working capital has been managed overtime in an organization.

 

  1. To examine if an organization has sufficient cash to maintain a smooth functioning organization that takes advantage of discounts similar savings.

 

  1. To examine I cash and inventory are excessive in an organization.

 

To investigate of an organization has adequ

ABSTRACT

This project work “The Problems of Working Capital Management in the Private Sector” affords the reader a step by step approach to the study of the rast filed of private sector and the problems encounter in the management of these private sector.

The first chapter of this work provides relevant introductory materials and objectives guiding business within the region of private sector. The second chapter provides the central philosophy of a successful management, meaning of working capital management and the inefficient management of working capital. In this work, we shall come to know that profit is the sole aim of every business and must be targeted at any point in time.

This work will help most especially the private sectors to know how to go about maximizing profit. I remain grateful to director school of financial studies Onovo and also to all my well wishers.

INTERNAL CONTROL IN AN EXAMINING BODY-

INTERNAL CONTROL IN AN EXAMINING BODY-

A CASE STUDY OF THE NATIONAL EXAMINATION COUNCIL, ENUGU ZONAL OFFICE

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COMPLETE MATERIAL  COST  N2,500 Or $10.  FRESH  PROJECT MATERIAL  COST 50,000 NAIRA FOR UNDERGRADUATE, OTHERS 100,000 -200,000 NAIRA.

THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE

MAKE YOUR PAYMENT  INTO ANY OF THE FOLLOWING BANKS:
 GTBANK
Account Name : Host Link Global Services Ltd
ACCOUNT NUMBER: 0138924237
First Bank:
Account Name: Chi E-Concept Int’l
Account Name: 3059320631

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

Enter Amount

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OUR  CUSTOMERS CARE  OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

 

CHAPTER ONE:

INTRODUCTION

1.1     Background of the study

1.2     Statement of problem

1.3     Purpose of the study

1.4     Significance of the study

1.5     Scope and limitations

1.6     Statement of Hypothesis

1.7     Definition of term

End Notes

 

CHAPTER TWO:

REVIEW OF RELATED LITERATURE

2.1     A checklist of internal control

2.2     Qualities of a good internal control

2.3     Internal control and Accounting profession in Nigeria

2.4     Internal control of real-time installation

2.5     Consideration of an effective control system

2.6     Articles that enhance internal control system

(magazines and journals)

End Notes

 

CHAPTER THREE:

RESEARCH DESIHN AND METHODOLOGY

3.1     Source of Date

3.2     Survey instruments

 

CHAPTER FOUR:

DATA PRESENTATION, ANALYSIS AND INTERPRETATION

4.1     Presentation and Analysis of data

4.2     Interpretation of data

 

CHAPTER FIVE;

FINDINGS, CONCLUSION AND RECOMMENDATIONS

5.1     Findings

5.2     Conclusion

5.3     Recommendation

Bibliography

Appendices

 

CHAPTER ONE

INTRODUCTION

Background of the study:

Internal control was defined by the Auditing standards and guideline as a whole system of control both financial and otherwise, established by management in order to carry on the business of on enterprise in an orderly and efficient manner, ensure adherence to management polices, safeguard the asset and secure as far as possible the completeness and accuracy of records.’’(1)

In reality, internal control form the bedrock of auditing both from the point of view of management and the auditor, its objectives being the prevention or early detection of fraud and errors. It may include internal auditing which qualifies as part of the system of internal control and it is designed for the following reasons:

(a)      To enforce financial and other control:

(b)     Ensure adherence to management policy

(c)      Help to safeguard the assets (cash)

(d)     To ensure the accuracy and reliability of the records

(e)      Help to ensure orderliness in the business and

  • Help in the prevention and early detection of fraud and errors.

An artificial review of the change in the Accounting practice will depict the essence of internal control system in an organization especially in an examining body.

The earliest known form of accounting, which is stewardship, Accounting started as far back as 450 B.C.  This form of accounting involves the orderly recorded of business transaction by person appointed by the landlord to serve as a stewards for them. This was later changed as the recording remained primitive stewardship accounting pave may to financial accounting during the nineteenth century which marketed the era of industrial revolution”. This indeed led to the advent of joint stock companies- a situation where by group of individuals contributed capital in exchange for shares in the asset and profits of the company sea bubble of 1720, had earlier on instilled fear and suspicion in the mind the public that they doubt the ability of the directors to carry out this type of trade honestly.

Management accounting however, is not left but for it is another aspect of accounting that got it authority and ground from the historical recording and analysing role of accounting to emphasizing detailed information for internal planning, control and decision making.

Currently most business are operated by limited liability companies which are owned by their share holders, but managed by the directors appointed by them.

In the same vein, the public corporation and establishment, and even examining bodies are owned by the public but under the management of appointees.

The appraisal of the work of these appointees are carried out by an independent person referred to as an auditor, who is charge with the responsibility of evaluating and examining the accounts of the management and report on his finding to the owners (share holder) of the company or corporations. It is pertinent to note that one of the tools or mechanism adopted by an auditor in appraising the work of the management is the internal control system with this system of control, the share holder are convinced or self assured on efficient and effective management of their assets and resources.

 

1.2 STATEMENT OF PROBLEM:

In an attempt to overcome envisaged problem in the presentation of accounting information and the system internal control, the government made a leading statement and regulations which serve as a yardsticks by which an accounting system could be measured. Also accounting and Auditing professional bodies laid town some guidelines, which will guide their member, and all practicing Accountants and Auditor in the performance of their professional duties.

EFFECTIVENESS OF FINANCIAL CONTROL IN THE PUBLIC SECTOR

EFFECTIVENESS OF FINANCIAL CONTROL IN THE PUBLIC SECTOR

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COMPLETE MATERIAL  COST  N2,500 Or $10.  FRESH  PROJECT MATERIAL  COST 50,000 NAIRA FOR UNDERGRADUATE, OTHERS 100,000 -200,000 NAIRA.

THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE

MAKE YOUR PAYMENT  INTO ANY OF THE FOLLOWING BANKS:
 GTBANK
Account Name : Host Link Global Services Ltd
ACCOUNT NUMBER: 0138924237
First Bank:
Account Name: Chi E-Concept Int’l
Account Name: 3059320631

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

Enter Amount

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OUR  CUSTOMERS CARE  OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

ABSTRACT

 

The study examined advertising as a tool for increasing sales in an organization (A case study of John Holt Ventures Ltd).  The research was earned out to ascertain the extent of advertising as a tool for increasing sales.

 

In order to solve the research problem, four hypothesis were formulated.

 

The population studied in this research comprised of customer, distributes and relevant management staff of John Holt Ltd and their were 369 using Topman’s formular, 196 using Bourley’s formular and 34 using census exercise respectively.

 

In the bid to solve the research problem, data were gathered using oral interviews, questionnaires and relevant books were reviewed.

 

Data collected were analyzed using percentages and tables, the four hypothesis were tested using chi – square (X2) method of testing hypothesis.

 

From the data analyzed the following were ascertained.

  • That advertising message of John Holt influence consumers to continuously patronize the company’s product.
  • The quality of John Holts Ltd’s advertisement that influences consumers most to purchase the organizations offering were the ability to gain attention
  • Advertising messages used by the company increases the sales volume of the organization
  • Both the print and electronic media of advertising used by the company were efficient and effective.

 

Based on the findings a number of recommendations were made among which were; to improve the advertising content and timing, so that interest will be generated in the consumes, to carryout more advertisement in newspaper since a greater percentage of consumers can afford, or have access to it everyday.

 

Following the discoveries, it was concluded that advertising increase sales in the organization, therefore it is strongly believed that if John Holt Ltd should carryout the implementation procedures properly, it will help in ensuring sustainable growth and survival of the organization.

 

 

CHAPTER ONE

INTRODUCTION

  • Background of this study
  • Statement of problem
  • Objectives of study
  • Research hypotheses
  • Significance of the study
  • Scope of the study
  • Definition of terms.

 

CHAPTER TWO

LITERATURE REVIEW

  • Meaning of advertising
  • Types of advertising
  • Reasons for advertising / Advertising objectives
  • Advertising as a communication process
  • Advertising media selection and scheduling
  • Measuring advertising effectiveness in John Holt Ltd.
  • Advertising and its affection consumer behaviour
  • Advertising efficiency in marketing operations of John Holt Ltd.

 

CHAPTER THREE

RESEARCH METHODOLOGY

  • Research design
  • Sources of data
  • Population of study
  • Sample size determination
  • Sampling techniques
  • Research instruments used
  • Validation and reliability of research instruments used.
  • Method of data treatment and analysis.
  • Limitations of the study

 

CHAPTER FOUR

PRESENTATION ANALYSIS AND INTERPRETATION OF DAPT

  • Data presentation and analysis
  • Test of hypotheses

 

CHAPTER FIVE

SUMMARY OF FINDINGS, RECOMMENDATIONS AND CONCLUSION

  • Summary of findings
  • Recommendations
  • Conclusion
  • Suggestion for further study

 

CHAPTER ONE

1.1     BACKGROUND OF THE STUDY

Every organization has the need to increase sales volume in order to yield maximum profit to the organization; at the same time to create awareness of the products of the organization and finally convince customers to make purchases commitment to the organizations brand of products.

 

Advertising basically as an integral part of the marketing program, has long been recognized as a means of spreading information to the various sectors of the economy for accomplishing various marketing goals.

 

It is a means by which an organization makes known to the public what it wants to sell or buy.  Advertising messages also enlighten the consumes on the usefulness of a product, services or idea and consequently create in the consumer a desire to procure such product or act favorably towards such services or idea.

 

By itself, advertising is a vital marketing tool that helps to sell goods services, images and ideas through information and persuasion (Ebue, 1995:53) he also maintained that many firms allocate the largest share of the promotional budget to advertising as an indication of its vital role in the sale of products.  Basically, the aim of advertising is to stimulate the need awareness of a product, convince the customer and finally lead them to act, (making purchase) which consequently, increases the sales volume in an organization.  Therefore, advertising is a very powerful marketing communication tool for increasing sales in an organization thus, it becomes imperative that every profit or non profit oriented  organization needs to advertise in order to achieve the main bottom live of being in business.

 

This study is an effort to determine the extent in which advertising has contributed to the awareness, persuasiveness of the firms products or brands and in tarn increase sales in John Holt Ventures Ltd Okpara avenue Enugu.

 

John Holt Ventures as a business outfit at about 1827 in liver pool and later developed into a group of companies.  John Holt was incorporated in Nigeria in 1910 as a buying out fit, manufacturers and distributors, sales and services of machninees, industrial equipments and other items like motor cycles, generators, speed engine boats etc.

 

John Holt Ventures Ltd has branches all over the nation and used advertising in getting them products across to their numerous customers.

 

1.2     STATEMENT OF PROBLEM

John Holt Ventures Ltd is the leader in the distribution, sales and serving of machineries and industrial equipment in Nigeria and has remained successful in business since its

THE ROLE OF ACCOUNTING IN SOCIETAL DEVELOPMENT (IN THE NIGERIAN CONTEXT)

THE ROLE OF ACCOUNTING IN SOCIETAL DEVELOPMENT

(IN THE NIGERIAN CONTEXT)

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:

  1. Chapter one deals with introduction, statement of the problem, objective, significance of the study, limitation and delimitation of the study.
  2. 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.
  3. Chapter three discuses the research design which includes the area of study, types of data used and location details.
  4. Chapter four deals with the analysis of findings based on the data collected. It evaluates and discusses the findings.
  5. Chapter five deals with the findings, recommendations and conclusions made by the researcher.

CHAPTER ONE

1.0     Introduction

1.1     Objective of Study

1.2     Significance of the study

  • Statement of Problem

1.4     Hypothesis

1.5     Scope and Limitation of the study

  • Definition of Terms

 

 

CHAPTER TWO

  • Review of Related Literature
    • Definitions of Accounting
    • Historical development of Accounting
    • Purpose of Accounting
    • Users of Accounting Information
    • Presentation of Accounting Information
    • Accountings Activities and Accounting Officers
    • Probity and Accountability – a Necessity for Societal Development
    • The Role of Accounting in Societal Development

 

CHAPTER THREE

  • Research Design and Methodology
  • Research Design
  • Area of Study
  • Types of Data used
  • Location of Data
  • Method of Data collection
  • Determination sample size, population size and sample fraction.

CHAPTER FOUR

4.0     Data Presentation and Analysis

  • Presentation of Data
  • Method of Data Analysis and the Analysis itself
  • Tools for Data Analysis
  • Analysis of Data
  • Conversion of Data collected into figures
  • Test of Hypothesis
  • Statement of hypothesis one
  • Statement of Hypothesis two
  • Statement of Hypothesis three
  • Statement of Hypothesis four

 

CHAPTER FIVE

5.0     Summary, Findings, Conclusion and Recommendation

  • Summary of the Findings
  • Conclusions
  • Recommendation

References


CHAPTER ONE

 

  • INTRODUCTION

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.

 

  • OBJECTIVE OF STUDY

In view of the purpose of accounting and how it affects the society generally, this study is designed to achieve the following objectives.

  1. Identify the users of accounting information
  2. Highlight the importance of accounting information to its various users
  • Highlight the role played by accountants toward providing accounting information to its users
  1. The contributions of the accounting information towards societal development

 

  • SIGNIFICANCE OF STUDY

It is hoped that this study when completed will

  1. Be able educate the management of firms on how important it is to tailor their accounting information requirement in such a way that they can take decisions which will help maximum the objective(s) of the business;
  2. Be able to educate shareholders (prospective ones inclusive) on how to watch out for profitable and viable firms in which to invest their capital;
  • Provide prospective employees with information that will enable them look out for companies that can offer them safe employment through growth over the period of time;
  1. Equip trade uncoils with methods of calculating the claims for higher wages and better conditions for labour
  2. provide creditors with the acid test with which to know if a prospective debtor can keep can keep to the terms of credit;
  3. assist the government and its agents on effective revenue generation and allocation;
  • help consumers to use accounting data to asses the viability of a company (with respect to long term contracts);
  • sensitizes competitors towards using accounting information for purposes of companies;
  1. Bring accountants to remembrance in respect to their roles in societal development.

 

  • STATEMENT OF PROBLEM

The accountancy profession is faced with ‘teething’ problems, some of which include:

  1. Professional Abuse and Indiscipline: This is where an accountant (for instance) fails to keep to the ethics of the accounting profession. The accountant here forgets that the owes a fiduciary responsibility to his clients and the public in general.  Cases of this comes up where accountants encourage their clients to void paying the tax they should be intentionally declaring a huge operating loss for tax purposes where the client actually made profit during the basis period of assessment.  This false declaration does not only obtain for tax purposes.  You also see it where in a bid to help their client obtain loans from financial institutions, accountants falsely declare very high profits in order to enhance their client’s opportunity of obtaining loan.
  2. Imposition by Management and Top Government Officials: Offer times, accountants are reduced to the level of terms paper tigers. They can only bank but cannot bite.  They are threatened by these officials.  Failure to keep to such an injunction may lead tot he disengage of the accountant’s duties (or even death). As a result, accountants keep closed eyes on such situations.
  • Inadequate Internal Control System: Failure to install and implement an adequate internal control system hampers effective auditing.  This is because there are no proper checks and balances established to curb the excesses of the management and staff of an organization.
  1. Inadequate Method of Data Processing: Nigeria is still faced with the problem of the manual system of recording and processing financial data into usable information. This system, as we know is very tedious and prone to error(s).

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.

  1. The Institute of Chartered Accountant of Nigeria (ICAN): This body is among the problems to reckon with so long as the accounting profession is concerned. Many a time, graduate accountants are denied jobs because they do not have a certificate to show that they are members of this body.  In recent times, it row seems as if it would be easier for a camel to pass the ICAN Exams.  As a matter of fact, persons who though chartered in some other country but somehow finds themselves here in Nigeria, are not recognized as professional accountants until they charter with the ICAN.

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.

 

  • HYPOTHESIS FORMULATION

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:     Nigerian accountants have been participating in societal        development.

HYPOTHESIS THREE

Ho:    Accounting information is insignificant to societal                           development.

Hi:     Accounting information is significant to societal                              development.

          HYPOTHESIS FOUR

Ho:    Adequate internal control system is not necessary in the        provision of accounting information.

Hi:     Adequate internal control system is necessary for reliable      accounting information.

 

  • SCOPE AND LIMITATION OF THE STUDY

The study will cover the externalist trade of accounting, the purpose of accounting, the users of accounting information, the problems facing accountants in the present day Nigeria and the role of accounting in societal development (in Nigeria).

This researcher work was constrained by academic workload, inadequate finance, time and other ancillary problems.  The data required for this work was not easy to get because the respondents, though co-operative, were not always available when their assistance was needed.

Nevertheless, it is hoped that the study will represent the role played by the accounting profession in societal development.  The conclusive drawn from the researcher is hoped to be of empirical relevance to the people of Nigeria.

 

  • DEFINITION OF TERMS

BANK DISTRESS:

This is a state of being in difficulty by a bank as a result of lack of money.

BUDGET

A plan expressed in financial terms, which covers a period, usually one year and contains the income and expenditure of an organization within the period as well as policy to be pursued during the period for the attainment of the set standard.

CLIENT:

A company or individual to which an accountant owes a profession duty to render special service which is under a contract term for a period.

COMPUTER:

An electronic data processing device used to facilitate data   processing and its storage for use when needed.

INTERNAL CONTROL:

The whole system of control, financial and otherwise, established by management to carry on the business of the enterprise, in an efficient and orderly manner, to ensure adherence to management policies, safeguard the asset and secure as far as possible the completeness and accuracy of the records.

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