THE ROLE OF PUBLIC ACCOUNTS IN THE FORMATION, ACQUISTION AND LIQUIDATION OF A COMPANY

Download our android mobile app for more materials

ORDER NOW

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

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.

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 public accountant the business and economy are inseparable

They are needed for various business decision and advice on better investments.

On formation of accompany the public accountant is needed to prepare the memorandum of association and ensure that the company and allied matte Decree 1990 is strictly adhered to.

More so, on acquisition of a company, the public accountant plays an indispensable role in order to ensure that only profitable business are acquired by prospective buyers. He does this by looking into the financial records of the company and making sure that no fraud debt is hided by the seller of the company

In liquidation of a company the public also has a hand in it. In a situation where he fails to discover a fraud or financial misappropriation by the management of the company. The company as a result of that may go into liquidation.

The problem of inscerity, instability in the economy and inflation rate in the country is among the problem encountered by the public accountant in Nigeria

 

 

CHAPTER ONE

• INTRODUCTION
  • BACKGROUND OF THE STUDY
  • STATEMENT OF PROBLEMS
  • OBJECTIVE OF THE STUDY
  • SIGNIFICANT OF THE STUDY
  • SCOPE AND LIMITATION OF THE STUDY
  • DEFINITION OF TERMS

CHAPTER TWO

 

2.0          REVIEW OF RELATED LITERATURE

• DEFINITION OF ACCOUNTANCY
• MEANING OF PUBLIC ACCOUNTANT
• ROLE OF PUBLIC ACCOUNTANT IN THE FORMATION OF COMPANIES
• MEANING OF FORMATION ACQUISITION AND LIQUIDATION OF COMPANIES

CHAPER THREE

3.0     SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION

• FINDINGS
• CONCLUSION
• RECOMMENDATION

BIBLIOGRAPHY

 

CHAPTER ONE

INTRODUCTION

1.1     BACKGROUND OF THE STUDY

All over the world the accountant is expected to assume a leading role in the economic, especially in the field of company formation, substance and development. The question of expertise should be seen as the most critical role of the accountant here, for available evidence tends to relegate the popular nation of capital inadequacy in developing counties including Nigeria, as a major constraint to corporate formation and growth. These development functions of the financial experts are of then more important than the provision of capital.

The accountants by virtue of their training and professions are best positioned in providing corporate advice to investor and land managers in the formation and development of their businesses and avoiding corporate failure.

However, it is only a matter or regret to obsedrve that to many peoiple, professionals, investors and businessman, the professional role of public accountant revolves around the narrow framework of working from the source document to the balance sheet and auditing the financial statements of client companies. These misconception is largely attributable to the fact that every practicing auditor in the first place must be an accountant.

More so, the preoccupation of public accounts in the fields of auditing, income taxes income, income measurement and bookkeeping the traditional roles of the accountant, while relegating to the background other essential services which they can provide basically from the backdrop of the erroneous image painted on accountants by the public.

Auditors themselves are not helping the matter most of the writers have continued to emphasis traditional roles of the accountants with little or no attention paid to these other vital support which the account cant provide to investors and businessmen for the development and growth of their businesses. Frank A. ATWOOD observed that originally, the work of public accountant (professional accountant) was confined to the checking of the arithmetic accuracy of the trial balance and preparation of account, but nowadays a large part of auditing.

Consequently, the manager, the investor, the businessmen and the general public have failed to understand clearly the services the accountant produce in developing their businesses. Even accountant themselves have continued to wonder where the focus should be placed now, with changing role exception and complexity of modern economy.. the new dispensation of increasing application of traditionally the reserves of the account, bookkeeping and audit has further highlightened the anxiety as the continued relevance of the industrial accountant. This is why it has become most completing now to re-examine and redefine the  role of the accountant in keeping pace with the ever changing features and expectation of the modern economy.

The project is thus a search, it probes further towards identifying the numerous functions which the public accountant should emphasis, beside his traditional role of book keeping, income measurement reporting and audit, especially in matters relating to company formation and growth.

 

1.2     STATEMENT OF PROBLEMS

          Nigeria is witnessing a major economic down turn. Although this may appear as a responsiveness to the global economic recession, Nigeria case seem to be distinct. This even our economic bureaucrats seems to have lost their bearing in this search path for recovery.

This chapter is thus devoted to unrevealing the root of the problem of Nigeria accountant and proffering where necessary.

Instability in the economy is a major constraint to the Nigeria accountant quest to proffering solutions to the myriad of problems existing in economy. Obviously the hyper-inflation ravaging the economy pose server limitation on the power of the Nigeria accountant over avoiding cost over runs and in ensuring timeless of information for decision making. The position of the management account as a mere provider of information to management for decision without active part in the implementation process often lead to his recommendation.