Impact Of Accounting On Organization Effectiveness
The proposed research topic is summarized below:-
First and foremost, the research work provides the appropriate and comprehensive definition of the concept of accounting, by appropriately identifying the essential factors that must be considered in organizational accounting operations.
Secondly, the project also made attempt to establish a close relationship between accounting and organizational growth. It specifies clearly that the extent to which the former is judiciously carried out, the degree to which the latter will be achieved.
Also, the roles of accountings and administrators in fostering the effectiveness of organizational accounting operations were also elucidated.
Finally, the research work also highlights the fundamental efforts of the government and other state holders in the accounting profession, in ensuring that most organization in the modern society, adopts the policy and practice of accounting as the way forward in their activities.
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
In the early days, that is before the advent of modernization, the practice of accounting is not well pronounced in our organizations. This is the period when men were considered to display unquestionable character in the management of private and public find, and as such they were to a reasonable extent, honest, transparent and accountable in their dealings. The reason which can be attributed to the virtue of self contentment that characterized the attitude of men.
However, after the era of modernization, the desire to get rich quick by every means possible, became the order of the day for both administrators and accountants, and as a result of this development, the incidences of fraud, mismanagement & embezzlement were recorded to a great extent, and as such the practice of accounting was intensified in our organizations, to ensure that the pre-determined goals of the system are achieved to a reasonable extent.
In this regards organizations in order to achieve high level of effectiveness, decided to install a competent, reliable, transparent and hones accounting machinery in the organization, this combating the adverse condition known as organizational ineffectiveness the topic which is extensively discussed in this context, using federal pay office, Enugu as a study.
1.2 STATEMENT OF PROBLEM
The present research topic provides the following research problems:-
Firstly, The problem of incompetent accountants to handle the accounting operations of the said organization.
Secondly, the problem of incompetent auditors, to audit the state of accounts of the organization.
Also, the problem of human negative attitudinal tendencies such as dishonesty, unreliability and fraud, all of which hinders the successful implementation of good accounting operations.
More so, the problem of improperly defined organization efficient and timely accounting operations.
Finally, the problem of non-futuristic accounting records, due to variations in inflationary deflationary rate and monetary policies.
1.3 PURPOSE OBJECTIVE OF THE STUDY
The present research work intends to achieve the following purposes.
Firstly, to emphasize the need for a well organization accounting operations in the actualization of organization’s objectives.
Secondly, to educate prospective and present accountants, that the profession (accounting) requires high level of discipline and integrity, which must be compromised for any reason whatsoever.
Also, the project want to reveal some of the intricacies that are associated with the accounting practices, which must be clearly understood by accountants in organization’s.
Fourthly, the research work equally wants to establish a close relationship between poor accounting operations and decline in profit margin, which often transits into organizational backwardness.
Finally, the propose research work wants to use the federal pay office Enugu as a case study in the discussion of the significance of accounting to the overall growth of any organization.
1.4 RESEARCH QUESTIONS
During the course of this research work, the following questions were raised and answered:-
Firstly (1) what is the relationship between accounting, accountants and accounts?
Secondly, (2) to what extent has the present day accountings displayed high level of competency in the accounting profession?
Also, (3) what are the role of auditors and managers in ensuring that the accounting records of an organization is not counter feinted?
Fourthly, (4) to what extent does organizational policies and procedures affect the efficiency and effectiveness of accounting operations?
Finally, (5) are the effort of the standard organization of Nigeria (SON), institute of chartered accountants of Nigeria and the government in ensuring high level of accountability and transparency on the part of accountants in the present dispensation?
1.5 THE SCOPE AND (DELIMITATION) OF THE STUDY
The scope of this research work is the impact of accounting on organization effectiveness. The recent research conducted in our case study as regards this research topic, reveals that it has the features to discuss the above topic extensively.
The scope also covers only organizational accounting, it’s features, advantages, limitations and method of operations.
1.6 THE SIGNIFICANCE OF THE STUDY
The present research work has the following importance.
i. It has exposed the modern organization to competent accounting practices.
ii. It has create room for individuals to adopt good accounting policies for proper income management
iii. It has also shown that no organization can attain high profit level without effective accounting operations.
iv. The research work also serves as the basis for showcasing the various deficiencies in the accounting practices of most organizations.
v. It has helped to educate the managers of small and medium organizations on the need to adopt accounting practices for sustainable performance in the industrial environment.
1.7 DEFINITION OF TERMS
During the course of this research work, the following terms were identified and defined. Accounting, accounting operations, accountants, accounts, organizational growth, administrations, accounting profession, accountability, transparency and profit margin to mention but a few.
i. Accounting:- This is the function of keeping the financial records of an organization.
ii. Accounting Operations:- This is the set of activities that are carried out in keeping the financial records of a system
iii. Accountants:- The professional that are charged with the accounting functions in an organization.
iv. Accounts:- This is the financial records of the organization
v. Organizational Growth:- This is the progressive performance as recorded in an organization
vi. Administrators:- There are policy makers in an organizations and they enforce it’s implementation
vii. Accounting Profession:- This is the job of being an accountant
viii. Accountability:- The ability to give adequate feed back or accounts of financial transactions in an organization, when charged with such task.
ix. Transparency:- The quality of being honest and straight forward in the management of financial resources and also accounting for the same resources.
x. Profit Margin:- This is the level of financial award that is accruable to an organization after the accounts of the organization has been balanced.
Cover Page
Title Page
Approval Page
Dedication
Acknowledgement
Table of Contents
List of Tables
Abstract
CHAPTER ONE:
INTRODUCTION
1.1 Background of the Study
1.2 Statement of Problem
1.3 Purpose (Objective) of the Study
1.4 Research Questions
1.5 The Scope and (Delimitation) of the Study
1.6 The Significance of the Study
1.7 Definition of Terms
CHAPTER TWO:
REVIEW OF LITERATURE
2.1 Introduction
2.2 Concept of Accounting
2.3 The Role of Accounting in Modern Organization
2.4 Factors Hindering the Success of Accounting in Organizations
2.5 The Relationship Between Accounting Department and Other Departments.
CHAPTER THREE:
RESEARCH METHODOLOGY
3.1 The Design of the Study
3.2 Area of Study
3.3 The Population of Study
3.4 Sample & Sampling Technique
3.5 Instrument for Data Collection
3.6 Validation of Instrument
3.7 Reliability of Instrument
3.8 Methods for Data Collection (Administration of Instrument)
3.8 Methods for Data Analysis
CHAPTER FOUR:
DATA PRESENTATION AND ANALYSIS
4.1 Accounting Period of Organization Effectiveness
4.2 Departments and Functions in Federal Pay Office
4.3 Accounting Polices and Implementation
4.4 Staff Position and Job Responsibilities in Federal Pay Office
CHAPTER FIVE:
DISCUSSION AND CONCLUSION OF RESULTS
5.1 Discussion of Findings
5.2 Conclusion of the Study
5.3 Recommendation
5.4 Implications of the Findings
4.5 Suggestion for Further Studies
4.6 Limitation of the Study
The Title Page should be the first section of your project “Impact Of Accounting On Organization Effectiveness”, providing essential details like the project title, your name, your supervisor’s name, the institution, and the submission date. After that, the Abstract offers a brief summary of your project, touching on its purpose, methods, results, and conclusions in 150-300 words. The Acknowledgments section is where you can thank those who supported your research, such as your supervisor, peers, or organizations that provided resources.
Next, the Table of Contents organizes the Impact Of Accounting On Organization Effectiveness by listing its chapters and sections, along with page numbers for easy reference. The List of Figures and List of Tables help guide readers to specific visual elements like graphs, charts, or tables included in the document. There should also be an Abbreviations and Glossary section to explain any specialized terms or acronyms, making the content clearer to readers unfamiliar with the technical language.
The main body of the Impact Of Accounting On Organization Effectiveness should start with the Introduction, which provides background information, outlines the research problem, states your objectives, and gives a brief overview of your research methods. Following that, the Literature Review offers an in-depth look at previous research relevant to your project, identifying gaps your study aims to address. The Methodology section then explains the research design, tools, and data collection methods you used to conduct the project and analyze the data.
In the Results and Discussion section, you present your findings and discuss them in relation to the Impact Of Accounting On Organization Effectiveness research questions or objectives, often using tables or charts to help explain the data. The Conclusion summarizes the key results, discusses their implications, and suggests possible directions for future research. You may also include recommendations based on your findings, offering practical advice for improvements or applications. Finally, the Impact Of Accounting On Organization Effectiveness project should include a References or Bibliography section to list all the sources you cited, as well as Appendices for any additional material. A Statement of Originality is often included to confirm the authenticity of your work