TABLE OF CONTENTS
Title page i
Approval page ii
Dedication iii
Acknowledgement iv
Table of Content ix
CHAPTER
ONE
1.1
Introduction 1
1.2
Problem of the Study 2
1.3
Aims and Objective of Study 3
1.4
Research Methodology 4
1.5
Organization of the
study 5
CHAPTER
TWO:
LITERATURE
REVIEW
2.1
Accounting System 7
2.2
Sources of Financial Information 9
2.3
User of Accounting Information 13
2.4
Criteria the
Accounting System should meet 15
2.5
Accounting Records 17
2.6
Non-profit Making Organization 19
2.7
Function of Accounting
Department 20
2.8
Weakness of the System 21
References 22
CHAPTER
THREE:
RESEARCH
METHODOLOGY AND DESIGN OF THE STUDY
3.1
History of kwara Agricultural
Development Project 23
3.2
Sources of Data 25
3.3
Personal Observation 26
3.4
Organization of the Study
(kwara Agricultural Development Project) 27
3.5
Limitation of the Study 31
References 32
CHAPTER
FOUR:
DATA
PRESENTATION AND ANALYSIS
4.1
Appraisal of the Accounting System 33
4.2
Financial Document and Reports 39
4.3
Receipts and PAYMENTS 39
4.4
Area office and Store Accounting 46
4.5
Population of Sampling Size 51
Findings 63
CHAPTER
FIVE:
SUMMARY,
CONCLUSION AND RECOMMENDATION
5.1
Summary 64
5.2
Conclusion 64
5.3
Recommendation 65
REFERENCES 67
CHAPTER ONE
1.1 INTRODUCTION
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
property.
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
Nigerian (1963).
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
as necessary.
To
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
STUDY
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.
1. Increase
in unemployment rate in the country as a result of agricultural sector
neglected.
2. Lack of Accountability and transparency in
the disbursement of funds to the Agricultural sector of the economy.
3. Less
attention given to Agricultural sector cause an increase in poverty.
4. Poor
infrastructural facilities as a constraint to the Agricultural development.
5. Increase
in food crises in the country as a result of the Agricultural sector neglected
1.3 AIMS
AND OBJECTIVES
The aims of this
write up are of five fold or aspects which are:-
1. To
highlight the importance of accounting system in agricultural development.
2. To
emphasis on accounting obligation expected to every government accounting
officers and their subordinates.
3. To
appraise the government accounting system in general and that of Agricultural
Development projects in particular (A.D.P)
4. To
analysis the problem associated with Agricultural Development project in
relation to Accountability and transparency.
5. To
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
department.
INTERVIEW
Interview is a process of asking
questions and demanding immediate answers to each question through personal
contract system.
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.
PERSONAL OBSERVATION
Personal
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
also examined.
TEXTBOOKS/ PUBLICATIONS
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
research
Finally, chapter four which is the last
chapter entails the summary, conclusion and Recommendation.
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