TABLE OF CONTENTS
Title page i
Approval page ii
Table of Content ix
Problem of the Study 2
Aims and Objective of Study 3
Research Methodology 4
Organization of the
Accounting System 7
Sources of Financial Information 9
User of Accounting Information 13
Accounting System should meet 15
Accounting Records 17
Non-profit Making Organization 19
Function of Accounting
Weakness of the System 21
METHODOLOGY AND DESIGN OF THE STUDY
History of kwara Agricultural
Development Project 23
Sources of Data 25
Personal Observation 26
Organization of the Study
(kwara Agricultural Development Project) 27
Limitation of the Study 31
PRESENTATION AND ANALYSIS
Appraisal of the Accounting System 33
Financial Document and Reports 39
Receipts and PAYMENTS 39
Area office and Store Accounting 46
Population of Sampling Size 51
CONCLUSION AND RECOMMENDATION
Government accounting is the process of
recording, analyzing, summarizing, communicating and interpreting financial
information about government I aggregate and in detail, reflecting all
transaction the receipt, transfer and disposition of government funds and
This effect is as
laid down in the Audit ordinance 1956 and the financial control and management
ordinance of 1958. The provisions of these two ordinances have been integrated
and additional provisions were made in the constitution of federation of
The purpose of the project however is to
determine effectiveness and the appropriateness of the accounting in government
establishment in order to support its continued use and hence modify it system
this effect, the accounting system of a typical government establishment (in
this case Kwara Agricultural Development Project, Ilorin) has been analyzed in
full, for a long period now, less attention has been paid to the government
accounting system which makes it almost impossible to notice defects. The study
will be a sort of X-ray on the government accounting system so as to notice any
deflection from the provision of the ordinance, as well as suggest reasonable
improvements on the existing system.
1.2 PROBLEM OF THE
The devastating nature of the Agricultural
sector of the economy was as a result of over dependent on income from crude
oil by the government (i.e. mono product economy) which has caused a lot of
damage to the economy of the country.
In view of the above plight, the
researcher had embarked on this research work to find a dependable solution to
the following problems.
in unemployment rate in the country as a result of agricultural sector
2. Lack of Accountability and transparency in
the disbursement of funds to the Agricultural sector of the economy.
attention given to Agricultural sector cause an increase in poverty.
infrastructural facilities as a constraint to the Agricultural development.
in food crises in the country as a result of the Agricultural sector neglected
The aims of this
write up are of five fold or aspects which are:-
highlight the importance of accounting system in agricultural development.
emphasis on accounting obligation expected to every government accounting
officers and their subordinates.
appraise the government accounting system in general and that of Agricultural
Development projects in particular (A.D.P)
analysis the problem associated with Agricultural Development project in
relation to Accountability and transparency.
expanciate on the problems enumerated above.
1.4 RESEARCH METHODOLOGY
The method adopted in conducting this research
on “Accounting system” was through personal interview and company records. The
research focused on planning section, capital budget section on main finance
Interview is a process of asking
questions and demanding immediate answers to each question through personal
Interview method adopted as the
foundation for collecting vital information is the purpose of the study, some
of the officials in charge of budget preparation in the organization were
interviewed as well as the senior officers in some departments.
observation was involved during this research work. This involves spending some
time with the source officer to observe how accounts are being prepared. Also,
some documents like Kwara State Agricultural finance system for the year were
Books containing information were used
with others as subject matter. During the course of this study pieces of
information were gathered form books on accounting system, views of different
authors were also taken into consideration.
1.5 ORGANISATION OF THE STUDY
The study is divided into five chapters
and each chapter is subdivided into some parts.
Chapter one contains the introduction,
Aims and Objectives, scope and limitation of the study, Research methodology
and finally the organization of the study.
Chapter two also contain or reveal all
the associated literature while chapter three contains all the data
presentation and analysis. While chapter four is purely the methodology
Finally, chapter four which is the last
chapter entails the summary, conclusion and Recommendation.
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