Our Archives

Call 08068929770 for any enquiries.

Project Topic:

ACCOUNTING PROCEDURE IN POST PRIMARY INSTITUTIONS (A Case Study Of Udenu Local Government Area)

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 122 ::   Attributes: Questionnaire, Data Analysis
::   104 people found this useful

Project Body:

Table Of Content
Page
Title Page 
Approval Page 
Dedication Page 
Acknowledgement 
Abstract 
Table Of Content

Chapter One
1.0. Introduction

1.1. Statement Of Problem
1.2 Objective Of The Study
1.3 Significance Of The Study
1.4 Statement Of Hypothesis
1.5 Scope Of The Study
1.6 Limitations Of The Study
1.7 Definition Of Terms

Chapter Two
2.0 Literature Review

2.1 Development Of Accounting In Post Primary Institution
2.2 Source Of Fund In Post Primary Institution
2.3 Techniques Involved In Collecting The Funds Or Depositing
2.4 Management Compliance To The Collection Of The Funds
2.5 Accounting For Revenue In Tutorial System
2.6 Proper And Efficient Documentation Of All Monies Collected

Chapter Three
1.0 Research Design And Methodology

1.1 Source Of Data
1.2 Primary Data
1.3 Secondary Data
1.4 Sampling Procedures
1.5 Method Of Investigation

Chapter Four
4.0 Presentation And Analysis

4.1 Data Presentation And Analysis

Chapter Five
5.0 Summary Of Findings, Conclusion And Recommendation

5.1 Findings
5.2 Conclusion
5.3 Recommendation
Bibliography
References

CHAPTER ONE

1.0 INTRODUCTION

1.1 STATEMENT OF THE PROBLEMS
The study is designed to evaluate of assess the accounting procedure in post primary institution, notability in Udenu local government area, is the procedure in use efficient, secondly does the system suit the current trend of events.
There were glaring evidence of poor accounting post primary institution some of such flaws as could be observed in the old order was non-uniformly in the accounting system of schools given rise to poor its own receipts booklet.
That did not stop there, such printing of receipt booklets was not even controlled within the school level notably there was poor internal central measures. In the present day, school accounting the other has changed. There is new uniform accounting system in Udenu local government area in particular and the entire system in general. The internal audit unit has also designed a uniformed revenue by weekly and monthly return format. In other words, internal control measure have reasonably improved. There is a central supply of revenue cash receipts booklets from ministry of finance to headquarters office on the directors, finance and supplies from which schools collect numbers of receipts booklets, make returns of used and unused ones before collection of new stocks of the cash revenue receipts.
There is also implace the central pay rolling system, and most recently, they have introduced computer system aimed at computerizing the entire systems of the Boards accounting administration and management.
However, there are still problems in schools accounting systems.
There are reported cases of found, forgery of purchase invoices and other records like bank tellers manipulation of Tuition/Equipment and other fees payment made. However, there are observable limitations on the effectiveness of the internal control measures.
Thirdly, there are problems of poor non-rendition of revenue. A circular (Ref. ENS/SEC/FSD/904/VI/430 of 14th April 1992) from finance and supplies unit of the state duration commission, headquarters to all principals, all zonal Bursars, all zonal internal Auditors, head of pay roll section on the effect of low revenue returns stated their, “the post primary schools management board Enugu is seriously disturbed by the low revenue returns from the post primary school in the state.
Spot-checks in schools by the internal audit discloses that low revenue returns are caused by the following:
1. The failure of principals to send debtors students home after the authorized two weeks period of grace after each resumption date.
2. The failure of the principals to enforce the lodgment of all revenue collected on behalf of the government into appropriate government designated Bank Accounts. 
3. The collection of monthly salaries by principals and bursars without obtaining usual clearance from the zonal internal auditors as having met the stipulated monthly revenue targets.
4. Consequently, all the head of salary pay point are directed to black list from monthly payment of staff salaries, any school whose principal and bursar failed to submit usual clearance certificate from the zonal internal auditors and the revenue officer.
5. There are some element of non-compliance with existing financial guidelines in a circular (Re: ppSMB/NSK/AU/17/Vol/136 of 1st March 1991 on audit inspection of school books of account/revenue returns from internal audit unit, post primary school management board Nsukka zone to all principals/bursars the zonal internal auditors stated interracially “our experience from schools already visited for audit exercise showed that some schools do not keep records and custody of their book of account. In view of these lapses in school henceforth, schools are expected to keep the underlisted books/documents, and where they already exist, should be properly safeguarded.
Principals and bursars should not treat the book of account or documents that do not belong to their period with indifference. Principals and bursars therefore must be ready to present both the administrative/financial records to our audit teams for
inspection even when they are not for routine audit of schools continuing, the circular emanated the records as follows:
1. Class registers
2. Receipt book issued note
3. Bank statements
4. Cash books
5. Daily collection registers
6. Cash analysis book (ledger)
7. Expenditure files
8. Hand over note file
9. P.T.A minute book
10. Bank pass book
11. Report books
The circular observed that it may not be possible to exhaust the individuals problems of the principals and bursars with regards to the keeping of good accounting and other records.
On revenue returns, the circular stated interaligi with effect from 1st term 1991, bursar in Nsukka Zone are required to observe the underlisted procedure with respect to revenue returns to internal audit unit, post primary schools management board, Nnsuka Zone.
a. The revenue returns on Tuition and equipment fees (Government Shares) must be rendered to the Internal Audit Unit Nsukka Zone on monthly basis
b. At the end of the verification exercise, clearance papers duely signed by the zonal internal auditors, Nsukka zone, are issued tot he schools whose returns are in order with these clearance papers the principals/bursars will submit their salary vouchers to the zonal bursar for the subsequent months, and as it is now will use the clearance paper to collect their schools salary payment vouchers and staff pay slips.

1.2. OBJECTIVE OF THE STUDY
a. This is aimed at evaluating the accounting procedures in post primary institutions in Udenu Local Government Area.
b. Another objective is to investigate the system to know whether it is appropriate
c. To ascertain the extent to which the established accounting system in achieving revenue collection and accounting of objective
d. To determine the extent to which schools follows the established accounting system and to ascertain the loopholes in the accounting systems in the establishment. (if any)
e. To make recommendations

1.3. SIGNIFICANCE OF THE STUDY
The study will be interest to the general public policy makers, professionals and other educationist. It will identify the accounting lapses associated with post primary institutions and propose suggestive measures and proper accounting records and standard.

1.4. STATE OF THE HYPOTHESIS
Ho: There is a significant problem in the accounting procedure in post primary institutions and the accounting system are not effectively supervised.
Hi: There is no significant problem in the accounting procedure in post primary institutions and the accounting system operates effectively.

1.5. SCOPE AND LIMITATIONS OF STUDY
This work reviews the accounting system procedure methods as is being operated in post primary institutions within Nsukka Educational Zone of Enugu State.
This is with a view to determining the problem collecting the relevant data, summarizing, analyzing and hence make recommendations.
In compiling a project or a handbook on any topic, it has never been possible to include all the information that might be available. This project on accounting system could not possibly be an exception. Nevertheless, an attempt has been made to include all available but pertinent information considered to be of good importance and assignment executed under twelve calendar months. In this regard, we can easily identify time constraint as a limiting factor.
However, this should not suggest that a good job is not done, many administrative problems are encountered in carrying out research assignment frequently co-operation must be sought obtained and maintained from individual employees and managers who might prejudice the exercise as interfering with normal work.
In order to see that the conditions of the research are maintained as prescribed, the researched should establish and maintain very close (and expensive) surveillance. This cost factor in itself is a limiting factor. In accessibility of some of the roads delayed proposed visits to schools volume of questionnaire was specifically reduced to manageable level to make it easier for respondents to fill. This reduction was equally made to facilitate date analysis.

1.6. DEFINITION OF TERMS
EDUCATION: It has been realized that education is a prime factor of development. By education here reference is being made to the schools scattered in the localities of Udenu Local Government Area and the certificate.
A SYSTEM: In the business sense, it is an organized method of accomplishing a business function accounting system therefore is an organized method of accomplishing an accounting function.
A PROCEDURE: This is a set of clerical activities through which a company or organizations activities are executed and controlled which provides information to a management.
REVENUE RETURNS: This is a term specifically used in public sector accounting to denote the process of collecting money on behalf of an appropriate authority usually the government and remitting such money to that authority via a pre-set procedure of format.
METHOD: These are the means or ways by which the system in an organized set-ups are operated and implemented.
DATA: This is a collection of incoming or soughed facts which need to be processed so that information is produced.
INFORMATION: This is defined here as a product of structured and processed meaningful data for purposes of satisfying certain desires and or requirements.
POST PRIMARY SCHOOL: As it is used in this project denotes secondary school. Post primary institution accounting in this context can therefore be said to be the system of accounting adopted by post primary institutions in Nsukka Zone in Enugu State.
ACCOUNTING: This is a discipline concerned with the recording analyzing and forecasting of income and wealth of business organizations and other entities. Generally, it records in money terms the flow of economic values between and or within economic entities.

Project Department:

MORE ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS


Get The Complete Project »

Instantly Share this Project On Social Media:

CLOSELY RELATED ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

AN APPRAISAL OF THE IMPLICATION OF ELECTRONIC BANKING IN NIGERIA BANKS (A CASE STUDY OF ACCESS BANK)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Secondary data, Data Analysis,Abstract  ::   400 engagements

CHAPTER TWO REVIEW OF RELATED LITERATURE Electronic banking in Nigeria has overtime been viewed by many especially economists as having a lot of implications on the economy of Nigeria and especially...Continue reading »

A CRITICAL ANALYSIS OF THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 75 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   260 engagements

ABSTRACT The study was carried out to analyse how an organization performs making use of the financial statements with First Bank of Nigeria Plc serving as the case study. the study disclosed that th...Continue reading »

AN EVALUATION OF THE PERFORMANCE OF NIGERIAN STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIA ( A CASE STUDY OF NIGERIAN STOCK EXCHANGE)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 78 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   166 engagements

HISTORICAL BACKGROUND OF THE NIGERIA STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIAN. The nigeria stock excahnge denoted by NSE is a government establishment where stocks are traded on a daill...Continue reading »

APPLICATION OF BUDGETS AND BUDGETARY CONTROL MEASURES IN A NON-PROFIT ORGANIZATION: A CASE STUDY OF APOSTOLIC CHURCH, DELTA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 76 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   175 engagements

2.1 CONCEPTUAL FRAMEWORK A budget is can be defined by accountants as “a planned outcome to be generated and for the expenditure to ensure during that period and the capital to be employed to a...Continue reading »

ASSESSING BOOK-KEEPING PRACTICES OF SMALL AND MEDIUM SCALE ENTERPRISES IN CALABAR LOCAL GOVERNMENT AREA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 69 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   179 engagements

ABSTRACT The economy of Nigeria cannot function properly or thrive without the micro, small and medium scale enterprises (SMEs). These small scale enterprises cannot function properly if they are not ...Continue reading »

ASSESSMENT OF ADEQUATE RISK RECOGNITION AND MANAGEMENT IN NIGERIAN INSURANCE COMPANIES (A CASE STUDY OF UNION ASSURANCE COMPANY, UYO)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 86 ::   Attributes: Questionnaire, Data Analysis  ::   155 engagements

THE CONCEPT OF RISK Risk has been the subject of study by different scholars over the years with several meaning and definitions. But the most accepted definitions are that of J.E Banister and P.A Baw...Continue reading »

What are you looking for today?

WHAT OUR CUSTOMERS ARE SAYING:

  • 1. JULIET from UNIMAID said "I THANK YOU GUYS FOR BEING HONEST.....I WILL TELL MY FRIENDS ABOUT YOU GUYS. THANKX SO MUCH".
    Rating: Excellent
  • 2. Lilian Terdoo from BSU said "i have nothing to say but thanx for being honest. i appreciate u guys...".
    Rating: Very Good
  • 3. Demien Johnson from UNN said "Uniprojectmaterials is a blessing to researchers. my job was eased up by you guys. your jobs have good quality and was delivered on time to me. Thanks a million times".
    Rating: Very Good
  • 4. Patience from unilag said "i was having difficulties handling my dissertation of 12000 words. until i stumbled on uniprojectmaterials, my work was ready in three days with high quality write up and excellent data analysis, i will tell all my friends about u guys. Mr Donald is a very nice person, he should be in charge of the phone. he attended to me very well. God bless. ".
    Rating: Excellent
  • 5. James Ike from College of Education, Gindiri said "Great delivery. Una dey try wella!!!".
    Rating: Excellent
  • 6. Ogba Ideh from FUT Minna said "I had a wonderful experience using UniProjectMaterials, they delivered not only on time, but the content had good quality. I recommend UniProjectMaterials.com for any project research work.".
    Rating: Very Good

Paper Information

Format:ms word
Chapter:1-5
Pages:122
Attribute:Questionnaire, Data Analysis
Price:₦3,000
Get The Complete Project »

Best Selling Projects

Our Archives