IMPROVING THE EFFECTIVENESS OF ACCOUNTING SYSTEMS IN PRODUCTION INDUSTRIES IN NIGERIA

A CASE STUDY OF PATERSON ZECHONIS INDUSTRIES PLC ABA

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CHAPTER ONE

• Introduction
  • Background of the study
  • Statement of problem
  • Purpose of study
  • Hypothesis
  • Delimitation of the study /scope
  • Significance of the study
  • Assumption of the study
  • Definitions of terms peculiar to the study

 

CHAPTER TWO

• Literature review
  • Introduction
  • Definition framework of an accounting system
    • Conceptual design of an Accounting system
    • Component of an accounting system
    • Revenue recognition and income reporting
    • Nature of revenue
    • Revenue recognition
  • Accounting control in relation to the accounting system
    • Budgeting
    • Budget system
    • Types of budget
    • Budgeting control system
  • Computer accounting
    • Spreadsheet pages
    • Application of spread sheet

 

CHAPTER THREE

• Research methodology
  • Research design
  • Areas of study
  • Population of the study
  • Limitation of the study
  • Implication of the study
  • Instrument for data collection
  • Method of data collection
  • Method of data of data analysis

 

CHAPTER FOUR

• PRESENTATION ALAYSIS AND INTERPRETATION OF DATA

INTRODUCTION

• Analysis of number of questionnaire sent out and returned.
• Analysis of research question
• Results of testing of hypothesis
• Observation

CHAPTER FIVE

5.0 Summary conclusion and recommendation

5.1 Summary of findings

5.2 Conclusion

• Recommendation

Bibliography

Appendix I

Appendix ii

 

 

 

 

 

 

ABSTRACT

 

The study was organized in five chapter I

In chapter one the researcher introduced the topic under different sub heading such as background of the study statement of problems purpose of the study research question testing of hypotheses delimitation of study and scope etc.

A review of related literature was done in chapter two to find out what other view are on the problem from the research it was revealed that pz industries has an effective accounting system which the maintained.

Her accounting procdutive and principles was based on accrued basis.

Chapter three presented the research methodology employed to achieve the purpose of the study. It discussed the preliminary search for relevant information data collection description of    population and sample size instrument used for data collection and method of application design of questionnaires and administration the formation of all null hypothesis

Chapter four  dealt with data presentation analysis and interpretation.

Chapter five has to do with restatement of the problem summary of the producers used summary of findings conclusion and recommendation.

CHAPTER ONE

 

INTRODUCTION

Te pre requisite for development scientific advancement and adequate management of any business organization is good information system. It is vary important to note that inadequate information in any production industry can influence its activities. A highly productive and organized industry will ensure that the business continues in existence by providing adequate information system.

An accounting system consist of the personnel procedures devices and records used by an organization to develop accounting information and to communicate this information to decision makers. The design and capabilities of these system  vary greatly from one organization to the other. In very small business the    accounting system may consist of little more  than a cash register checkbook and an annual book to an income tax payer. But in large business like production industries an accounting system includes computers, highly trained personnel and accounting reports which affect the daily operations of every department.

The basic purpose of the accounting system in business establishment is to meet the organization need for accounting information information as efficiently and effectively as possible it is therefore important that every business including production industries with much emphasis on Paterson Zucchinis Aba be evaluated to know if there is proper accounting system or if there is more.

Paterson zochonis since inception has made huge success both in the past and present. Although during the first word war they were faced with a square test as young as they were  then but as a result of their royal and commited team of employees the business survived.

This research work objective is delving into the utilization of fund and the general accounting and financial control system of production industries with a view of improving the effectiveness of their accounting system of an industry.

1. The appraisal of the performance of Paterson zochonis industries Plc (pz) and to determiner the use of its accounting and financial control measures
2. Evaluation of the information provided by the accepting system as they are useful for decision making.
3. The evaluation of the information system with the view to identify the sources and measure for investment in thee industry.

 

BRIEF HISTROY OF PZ INDUSTRIES PLC

The story began in the early 1870, a period many enterprising Europeans started their  adventure into  the west coast of Africa. George H. Paterson, a high hard Scot and George is zochonis a Greek worked together in the wholesaler ship of small trading company fisher and Randale art scoans Bay free town  a sierra Leone. So after their meeting a strong friendship developed between these two people out of shared interest and ambition come to lime light when they set up a trading post of their own. Its official name was simply Paterson zochonis,”

 

• STATEMENT OF THE PROBLEM

A significant proportion of any company yearly budget allocation is being brought into the development and improvement of the company objective. The main objective or aim of any organization is profit making. It is wise to say that these production industries are established for profit making.

Quite a number of people has seen the ineffectiveness and down fall in the activities of some production industries this may arise as a result of poor management inadequate manpower lack of qualified employees or inadequate funding. Meanwhile much had