Implication Of Accounting As An Internal Control Mechanism In The Government Ministries

Project and Seminar Material for Business Administration and Management BAM

Project and Seminar Material for Business Administration and Management BAM


Chapter One


Introduction

1.1 Background Of The Study

One problem of management is planning but planning is useless if it is not implemented. The success of any plan is based on adequate control and monitoring of the resources of the disposal in order to achieve the required objective.

However, this is a research on the implication of accounting as an internal control machanism in Enugu State Ministries.

Accounting is defined as art of recording and giving result of business transaction to the client. There is a need for the establishment of internal control mechanism to ensure the safety and enthencity of accounting records from the point of collection of cash or material in final uses.

Internal control therefore means the whole system of controls, financial and otherwise established by the management in order to carry on the efficient manner, ensure adherence to management policies safeguard its assets and secure as far as possible the accuracy and retaliation of its records.


1.2 Statement Of The Problem

There is a lot of lapses in cash and payroll sectors of many government ministries. Cases of fraud and pressing of files containing important document and so on. Recording of materials that were not supplied and issuing store received voucher to contractor, not complying with state financial instructions in accounting system and other cases.

Due to all these mentioned above, the topic of this research was chosen not only to look at the causes and effects but also to give appropriate recommendation which will help to reduce it.


1.3 Purpose Of The Study

The purpose of this study are as follows:-

  1. To ascertain the effectiveness of accounting as an internal control mechanism in Enugu State government ministries.
  2. To review the function of internal audit departments of many government departments with the view of finding out the extent to which they have been able to restore their duties.

Get Complete Project Material

5,000 5000

The Complete Material Will Be Sent to You in Just 2 Steps

Quick & Simple…


Step One Purchase

Make Payment (Through Transfer) of ₦5,000 to the Account Below

Zenith BankAcc No: 1225513212
Samphina Academy
Current Account

Or CLICK HERE To Pay With Debit Card


FOR STUDENTS OUTSIDE NIGERIA
CLICK HERE To Purchase Material ($15)

Step Two Purchase

Send the Following Details on WhatsApp ( 08143831497) After Payment

  1. Payment Details

  2. TOPIC: Implication Of Accounting As An Internal Control Mechanism In The Government Ministries

The Complete Material Will Be Sent To You On WhatsApp After Receiving Your Details
T & C Apply


  Contact Our Help Desk


Need a Different Topic? Perform a Quick Search



List of Related Works

Click on Any Topic to Preview the Content

samphina.academy

Samphina Academy

Samphina Academy is an Online Educational Resource Center that is aimed at providing students with quality information and materials to aid them in succeeding in their academic pursuit.