ACCOUNTING SYSTEM IN GOVERNMENT ESTABLISHMENT (A CASE STUDY OF KWARA STATE MINISTRY OF FINANCE)


ACCOUNTING SYSTEM IN GOVERNMENT ESTABLISHMENT (A CASE STUDY OF KWARA STATE MINISTRY OF FINANCE)  

TABLE OF CONTENTS

TITLE PAGE              I

CERTIFICATION     II

DEDICATION     III

AKNOWLEDGEMENT     IV

CHAPTER ONE

1.1 INTRODUCTION      1

1.2 STATEMENT OF THE PROBLEM      2

1.3 SOURCES OF FUNDS      3

1.4 AIM AND OBJECTIVE      4

1.5 SCOPE AND LIMITATION OF THE STUDY      4

1.6 SIGNIUFICANCE OF THE STUDY      5

CHAPTER TWO

2.0 REVIEW OF LITERATURE        6

2.1 HISTORICAL PERSPECTIVE OF THE INTERNATIONAL STANDARD        6

2.2 PUBLISHED ACCOUNTING STANDARD TO DATA      8

2.3 DISCLOSURE SUMMARY      10

CHAPTER THREE

3.0 RESEARCH METHODOLOGY      16

3.1 THE POPULATION      16

3.2 DATA COLLECTION      16

3.3 QUESTIONNAIRE METHOD      18

3.4 POPULATION SIZE AND SAMPLE      19

3.5 DATA PRESENTATION ANALYSIS AND INTERPRETATION      21

3.6 LIMITATION OF THE STUDY      23

CHAPTER FOUR

4.1 HISTORY OF SMITH-WINE BEECHAM PLC AND ITS ORGANIZATIONAL STRUCTURE      24

4.2 ACCOUNTING POLICIES      26

4.3 DEPRECIATION ACCOUNTING      29

4.4 ISSUE OF REVENUE      30

4.5 ANNUAL REPORT AND ACCOUNT PROBLEM      32

CHAPTER FIVE

5.1 SUMMARY OF CONCLUSION      54

5.2 RECOMMENDATION      57

BIBLIOGRAPHY      61

CHAPTER ONE

1.1 INTRODUCTION

The government has to live and perform its duties to the native as a result there must be a means of live hood called money.

Therefore, the simple meaning of accounting is an act of recording, classifying, summarizing and interpreting of financial records. It has always been said that money is the life wire of any state. That is accounting is prominent to the survivor of any Native, the government system is to enable power or delegate the power to the rule from rule and three is a three arms of government i.e the legislature, judiciary and executive of a government system and whereas we have three types of government in any nation i.e federal government which is president, vice president and all ministers and secretary to the federal government, state government in this we have the executive governor of the state, the vice governor, the secretary to the state governor and all commissioners we still have local government chairman, vice chairman and secretary.

1.2 STATEMENT OF THE PROBLEM

It is obvious that inadequate revenue has been one of the problem of the government in discharging its function smoothly. It is justifiable that most of the government have not proved to be quite successful in discharging their function effectively and efficiently.

Also, the poor attitude toward the payment of tax which is one of the large source of revenue from the payers also contributed negatively to the government generate revenue.

The government establishment also affected the revenue of generated either directly or indirectly recently.

How does government establishment or accounting system affect the revenue generation?

What role the government plays on accounting system.

1.3 SOURCES OF FINDINGS

1. Statutory allocation from the federation account (i.e 245 of federation account)

2. personnel income tax

3. Other state taxes

4. License and fines

5. Fees

6. earning and sales

7. Rent on government properties

8. Interest and repayment

9. reimbursement. These are refund for services rendered to local government, public corporation and other statutory bodies by state officers.

SOURCES OF FUND THE THEORY OF REVENUE

This deal with various sources through which government generate funds to finance its activities.

It also deals with the comparative advantages of each of the sources revenue.

1.4 AIMS AND OBJECTIVE

Ordinarily, the purpose of accounting system is to provide fund to government at all level for effective governance.

However, the aims and objectives of the study is to educate people on how accounting system being establishment, actually kwara state ministry off finance is the ministerial department in charge of the public finding accounting system in kwara state.

1.5 SCOPE AND LIMITATION OF THE STUDY

The scope of the study is trying to partial how revenue is been generated by the government establishment and that effect of accounting system.

The research work may be restricted to its case study only. i.e kwara state military of finance and not to any other government agency.

However, its limitation include inadequate time to thoroughly carry out a very lengthy research work, financial constraints are the assumption that all information given from the said organization are true. The unwillingness as they are being targeted as very confidential.

1.6 SIGNIFICANCE OF THE STUDY

“The findings from the study will enable both laymen and potential users the government accounting to know the sources of accounting system and the effect of recent of the government establishment”. This is particularly through the account of ministry of finance.

The sources of revenue shall be constraint in order that it might conform to the scope of this research work, the state ministry of finance kwara state in particular.

CHAPTER TWO

2.0 REVIEW OF LITERATURE

International accounting standard always being adopted in the absence of domestic standard it is recognized by professional bodies such as ICAN SAS (statement of accounting standards) NBEA (Nigerian Bankers Employers Association) the accounting committee has the objective of reducing the number of way in which similar transaction may be treated for accounting purpose.

2.1 HISTORICAL BACKGROUND OF INTERNATIONAL ACCOUNTING STANDARDS

The review of literature showed that call for uniform accounting methods world wide can be traced to Trayenlof A. (1960) and Benson (1966) concrete moves to realize their calls were not successful until the formulation of international accounting standard committee (IASC) in June 19 since then accounting finance experts and analysis have been expressing their minds on the desirability or otherwise of accounting standard.

While some accounting practitioner support the standards. Others are opposed to it. The intention of this study is not pick tent with comps although away out of the problem would be suggested at the end.

Ogunde (1983) argued that in view the benefits derivable from compliance with accounting standard and Nigeria being a significant economic force among the countries of the third word in general. It should be ranked among those countries that have been spending their resources in the direction of standardization and harmonization the accounting policies this view was supported by Oke (1983).

.


TYPE IN YOUR TOPIC AND CLICK SEARCH.






RESEARCHWAP.COM

Researchwap.com is an online repository for free project topics and research materials, articles and custom writing of research works. We’re an online resource centre that provides a vast database for students to access numerous research project topics and materials. Researchwap.com guides and assist Postgraduate, Undergraduate and Final Year Students with well researched and quality project topics, topic ideas, research guides and project materials. We’re reliable and trustworthy, and we really understand what is called “time factor”, that is why we’ve simplified the process so that students can get their research projects ready on time. Our platform provides more educational services, such as hiring a writer, research analysis, and software for computer science research and we also seriously adhere to a timely delivery.

TESTIMONIES FROM OUR CLIENTS


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"

    Hilary Yusuf, United States International University Africa, Nairobi, Kenya.
  • "Researchwap.com is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "researchwap.com" and God bless you and your business! ."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."

    Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing researchwap.com.