TABLE OF CONTENTS
TITLE PAGE I
CERTIFICATION II
DEDICATION III
AKNOWLEDGEMENT IV
CHAPTER ONE
1.1
INTRODUCTION 1
1.2
STATEMENT
OF THE PROBLEM 2
1.3
SOURCES
OF FUNDS 3
1.4
AIM
AND OBJECTIVE 4
1.5
SCOPE
AND LIMITATION OF THE STUDY 4
1.6
SIGNIUFICANCE
OF THE STUDY 5
CHAPTER TWO
2.0
REVIEW
OF LITERATURE 6
2.1
HISTORICAL
PERSPECTIVE OF THE INTERNATIONAL
STANDARD 6
2.2
PUBLISHED
ACCOUNTING STANDARD TO DATA 8
2.3
DISCLOSURE
SUMMARY 10
CHAPTER THREE
3.0
RESEARCH
METHODOLOGY 16
3.1
THE
POPULATION 16
3.2
DATA
COLLECTION 16
3.3
QUESTIONNAIRE
METHOD 18
3.4
POPULATION
SIZE AND SAMPLE 19
3.5
DATA
PRESENTATION ANALYSIS AND INTERPRETATION 21
3.6
LIMITATION
OF THE STUDY 23
CHAPTER FOUR
4.1
HISTORY
OF SMITH-WINE BEECHAM PLC AND ITS ORGANIZATIONAL STRUCTURE 24
4.2
ACCOUNTING
POLICIES 26
4.3
DEPRECIATION
ACCOUNTING 29
4.4
ISSUE
OF REVENUE 30
4.5
ANNUAL
REPORT AND ACCOUNT PROBLEM 32
CHAPTER FIVE
5.1
SUMMARY
OF CONCLUSION 54
5.2
RECOMMENDATION 57
BIBLIOGRAPHY 61
CHAPTER ONE
1.1
INTRODUCTION
The
government has to live and perform its duties to the native as a result there
must be a means of live hood called money.
Therefore,
the simple meaning of accounting is an act of recording, classifying, summarizing
and interpreting of financial records. It has always been said that money is
the life wire of any state. That is accounting is prominent to the survivor of
any Native, the government system is to enable power or delegate the power to
the rule from rule and three is a three arms of government i.e the legislature,
judiciary and executive of a government system and whereas we have three types
of government in any nation i.e federal government which is president, vice
president and all ministers and secretary to the federal government, state
government in this we have the executive governor of the state, the vice
governor, the secretary to the state governor and all commissioners we still
have local government chairman, vice chairman and secretary.
1.2
STATEMENT OF THE PROBLEM
It
is obvious that inadequate revenue has been one of the problem of the
government in discharging its function smoothly. It is justifiable that most of
the government have not proved to be quite successful in discharging their
function effectively and efficiently.
Also,
the poor attitude toward the payment of tax which is one of the large source of
revenue from the payers also contributed negatively to the government generate
revenue.
The
government establishment also affected the revenue of generated either directly
or indirectly recently.
How
does government establishment or accounting system affect the revenue
generation?
What
role the government plays on accounting system.
1.3
SOURCES OF FINDINGS
1.
Statutory
allocation from the federation account (i.e 245 of federation account)
2.
personnel
income tax
3.
Other
state taxes
4.
License
and fines
5.
Fees
6.
earning
and sales
7.
Rent
on government properties
8.
Interest
and repayment
9.
reimbursement.
These are refund for services rendered to local government, public corporation
and other statutory bodies by state officers.
SOURCES OF FUND THE THEORY OF REVENUE
This
deal with various sources through which government generate funds to finance
its activities.
It
also deals with the comparative advantages of each of the sources revenue.
1.4
AIMS AND OBJECTIVE
Ordinarily,
the purpose of accounting system is to provide fund to government at all level
for effective governance.
However,
the aims and objectives of the study is to educate people on how accounting
system being establishment, actually kwara state ministry off finance is the
ministerial department in charge of the public finding accounting system in
kwara state.
1.5
SCOPE AND LIMITATION OF THE STUDY
The
scope of the study is trying to partial how revenue is been generated by the
government establishment and that effect of accounting system.
The
research work may be restricted to its case study only. i.e kwara state
military of finance and not to any other government agency.
However,
its limitation include inadequate time to thoroughly carry out a very lengthy
research work, financial constraints are the assumption that all information
given from the said organization are true. The unwillingness as they are being
targeted as very confidential.
1.6
SIGNIFICANCE OF THE STUDY
“The
findings from the study will enable both laymen and potential users the
government accounting to know the sources of accounting system and the effect
of recent of the government establishment”. This is particularly through the
account of ministry of finance.
The
sources of revenue shall be constraint in order that it might conform to the
scope of this research work, the state ministry of finance kwara state in
particular.
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