THE IMPACT OF ACCOUNTING RECORDS ON PERFORMANCE OF BUSINESS ORGANISATIONS
ABSTRACT
The study investigates the study is to examine the Impact of Accounting Records on Performance of Business Organisation in Nigerian bottling Company PLC in Ado-Odo/Ota Local Government. In achieving this aim, the following specific objectives were laid out to determine the nature of accounting records, determine the standard and relevance of accounting information, appraise the impact of accounting records on the performance of business organization, and determine the impact of accounting records on the performance of Nigerian bottling company plc. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. Primary data were collected from the primary source which questionnaire was used as an instrument of data collection while secondary data were sources from textbooks, journals, newspapers and the internet were employed. The data were presented on a frequency distribution table and analyzed using simple percentage, while hypothesis was tested using chi-square test. Following the outcome of this study, it is therefore concluded that that there is a strong positive relationship between accounting records keeping and performance of small scale enterprises. Accounting records keeping is essential for decision making which invariably affects performance of small scale enterprises. Based on the findings, it was recommended that the owners and managers of the small scale enterprises should embrace proper accounting records keeping practices for effective financial performance in their business.
CHAPTER ONE
1.0 Introduction
1.1 Background of Study
The impact of Financial Accounting Reporting on the corporate performance of Business Organizations”, basically aims at ascertaining how financial accounting reporting has helped in advancing the objectives of corporate organizations. In the process, it investigated the effect that financial accounting bear on the performance of a business. Furthermore, it sought to ascertain the compliance of relevant statues by corporate organizations and the overall satisfaction of stakeholders in corporate organizations.
Problems inherent in financial reporting ranges from non-disclosure of vital information, subjective judgments of financial information and most times non-compliance to relevant statues. There were recommendations given such as strict compliance to the relevant statute. The government needs to strengthen its regulatory agencies in order to ensure that the financial statements show a “true and fair view and comply with the relevant statues at all times. The research shall therefore seek to determine the impact of accounting records on the performance of Business organization.
Therefore, in Ado-Odo/Ota Local Government Area where the research was carried out, the activities that was conducted is to know the Impact of Accounting Records on Performance of Business Organisation.
1.2 Statement Of The Problem
The basis of this research lies with the deficiencies in the preparation and presentation of accounting records ranging from non disclosure of vital and sufficient financial information to non compliance to standard accounting regulatory framework. The consequence is that it is difficult to determine the true and fair view of the financial position of the organization and the corporate performance of the organization. It is in this perspective that the research intends to investigate the impact of accounting records on the performance of business organization. with a case study of Nigerian bottling company plc.
1.3 Aim and Objective Of The Study
The aim of the study is to examine the Impact of Accounting Records on Performance of Business Organisation in Nigerian bottling Company PLC in Ado-Odo/Ota Local Government. In achieving this aim, the following specific objectives were laid out as follows:
- To determine the nature of accounting records
- To determine the standard and relevance of accounting information
- To appraise the impact of accounting records on the performance of business organization
- To determine the impact of accounting records on the performance of Nigerian bottling company plc
1.4 Research Questions
The study came up with research questions so as to be able to ascertain the above stated objectives. The specific research questions for the study are stated below as follows:
- What constitute the nature of accounting records?
- What are the standard and relevant information of an accounting record?
- What are the types of accounting records?
- What are the impacts of accounting records on the performance of business organization?
- What are the impacts of accounting records on the performance of Nigerian bottling company?
1.5 Research Hypothesis
In order to pursue the objective of this study, the following generalized statements have been designed to guide and aids in obtaining the result for the experiment to be conducted. For this work, the null hypothesis will be represented with H0 while the alternative hypothesis will be represented with hypothesis H1.
Hypothesis One
- H0: The level of accounting information in NBC is low
- H1: The level of accounting information in NBC is high
Hypothesis Two
- H0: The standard of accounting records in NBC is low
- H1: The standard of accounting records in NBC is high
Hypothesis Three
- H0: The impact of accounting records in NBC is low
- H1: The impact of accounting records in NBC is high
1.6 Significance of Study
The following are the relevance of the research work;
- The study shall provide an analysis of the nature of accounting records of business organization
- The study shall provide standard accounting regulatory framework
- The study shall provide the needed information on the impact of accounting record on the performance of business organization
- The study shall serve a reference point for managers, accountants and financial analyst.
1.7 Scope Of The Study
The study focuses on the appraisal of the Impact of Accounting Records on Performance of Business Organisation in Nigerian bottling Company PLC in Ado-Odo / Ota Local Government Area in Ekiti State.
1.8 Limitations of the Study
During the course of this study, many things militated against its completion, some of which are:
- Time Constraint: The time frame given to accomplish this project was very short due to school academic calendar and it was carried out under pressure which made the researcher not to implement some necessary features.
- Establishment Policies: Establishment policies posed a serious limitation as most staffs are not ready to release information needed for this project work. There were lots of information needed from the staffs of this establishment to enhance the study which took them time to release or they did not release at all for security purposes, hence the scope was reduced.
- Research material: availability of research material is a major setback to the scope of the study.
- Frequent power failure: This made the researcher append more money on fuel to ensure sustainable power.
- Financial Constraint: Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, questionnaire and interview).
1.9 Definition Of Terms
Micro-Finance:
A very small deposit and loans are refer together as microfinance (Johnson, 1999).
Control:
This is concerned with the efficient use of scarce resources to achieve a previously determined objectives or set of objectives contained with a plan (Lucey, 2000).
Fraud:
When a person dishonestly with a view to gain for himself or another or with intent to cause loss either destroys, defaces, conceals or falsify an account or record or makes an account to his knowledge is misleading, false or deceptive (Alan 1984).
Mismanagement:
This is the deliberate use of funds meant for other things, for personal activities.
Small Scale:
Not large in size or extent, limited in what it does and in relation to organization.
Transaction:
A piece of business that is done between people especially an act of buying and selling or service rendering.
Filing System:
The act of putting several documents letters together or placed in an official record for the purpose of safeguarding and evidence of transaction.
Organization:
A group of people who form a business together in order to achieve a particular goal.
Policy (IES):
A set of interrelated and consistent plan and decision rules (Premehad, 1996).
CHAPTER TWO
2.0 Literature Review
2.1 Introduction
The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …
Procedure for Downloading the PDF (Docx) Material
The Impact of Accounting Records on Performance of Business Organisations can be downloaded by requesting the full set of materials at the project or seminar cost. The document will be sent via Microsoft Word (MS-Word) format via WhatsApp (e-mail) following payment confirmation.
| Seminar Material Cost ₦3,000 | Project Material Cost ₦5,000 |
Request Complete Material
 | Click here to request the Complete Material via WhatsApp including;
|
TABLE OF CONTENTSPRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.1 Background of Study
- 1.2 Statement Of The Problem
- 1.3 Aim and Objective Of The Study
- 1.4 Research Questions
- 1.5 Research Hypothesis
- 1.6 Significance of Study
- 1.7 Scope Of The Study
- 1.8 Limitation of the study
- 1.9 Definition Of Terms
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.2.1 Accounting Record Keeping Concept
- 2.2.1.1 Accounting Record Keeping Procedures
- 2.2.1.2 Accounting Record Storage and Retrieval
- 2.2.2 Bookkeeping Methods
- 2.2.2.1 Single Entry Book keeping System
- 2.2.2.2 Double Entry Bookkeeping System
- 2.2.2.3 Cash Book or Cash Account
- 2.2.3 Benefits of Book Keeping
- 2.3 Relationships between Accounting Records and Performance
- 2.4 Theoretical Framework
- 2.4.1 Decision Usefulness Theory
- 2.4.2 Small and Medium Enterprises
- 2.5 Problems of Manual Record Keeping
- 2.6 Computerized Accounting System
- 2.7 Importance of Record Keeping and Business Performance
- 2.8 Empirical Review
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling Technique
- 3.5 Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire
- 3.8.1 Interview
- 3.8.2 Key Informants Interview
- 3.8.3 Observation
- 3.9 Statistical Analysis
PRESENTATION AND ANALYSIS OF DATA
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Test of Hypothesis 1
- 4.4 Test of Hypothesis 2
- 4.5 Test of Hypothesis 3
- 4.6 Discussion of Findings
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary
- 5.3 Conclusion
- 5.4 Recommendation
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "The Impact of Accounting Records on Performance of Business Organisations" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
PRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.1 Background of Study
- 1.2 Statement Of The Problem
- 1.3 Aim and Objective Of The Study
- 1.4 Research Questions
- 1.5 Research Hypothesis
- 1.6 Significance of Study
- 1.7 Scope Of The Study
- 1.8 Limitation of the study
- 1.9 Definition Of Terms
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.2.1 Accounting Record Keeping Concept
- 2.2.1.1 Accounting Record Keeping Procedures
- 2.2.1.2 Accounting Record Storage and Retrieval
- 2.2.2 Bookkeeping Methods
- 2.2.2.1 Single Entry Book keeping System
- 2.2.2.2 Double Entry Bookkeeping System
- 2.2.2.3 Cash Book or Cash Account
- 2.2.3 Benefits of Book Keeping
- 2.3 Relationships between Accounting Records and Performance
- 2.4 Theoretical Framework
- 2.4.1 Decision Usefulness Theory
- 2.4.2 Small and Medium Enterprises
- 2.5 Problems of Manual Record Keeping
- 2.6 Computerized Accounting System
- 2.7 Importance of Record Keeping and Business Performance
- 2.8 Empirical Review
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling Technique
- 3.5 Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire
- 3.8.1 Interview
- 3.8.2 Key Informants Interview
- 3.8.3 Observation
- 3.9 Statistical Analysis
PRESENTATION AND ANALYSIS OF DATA
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Test of Hypothesis 1
- 4.4 Test of Hypothesis 2
- 4.5 Test of Hypothesis 3
- 4.6 Discussion of Findings
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary
- 5.3 Conclusion
- 5.4 Recommendation
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "The Impact of Accounting Records on Performance of Business Organisations" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
Frequently Asked Questions (FAQ)
Can the material for “Impact of Forensic Accounting on the Profitability of Quoted Bank in Nigeria” be used as a guide for Accountancy / Accounting Project?
Yes it can be used — Forensic Accounting is the application of accounting principles, theories and discipline to facts or hypothesis at issues in a legal dispute and encompasses every branch of accounting knowledge. The study was carried out to examine the Impact of Forensic Accounting on the Profitability of Quoted Bank in Nigeria using First Bank PLC, Offa as a case study. In achieving this aim, the following specific objectives were laid out to determine how forensic accounting reduce and prevent fraud in the Nigerian banking industry, ascertain impact of forensic accounting on treasury operation in quoted Nigeria banks and evaluate the efficacy of Forensic Accounting in improving faithful representation of annual audit report of quoted commercial banks. The research design used in this report …
Is the topic “Isolation and Identification of Bacteria Associated with Suya Meat” recommended for Microbiology Project?
Yes it is highly recommended — Suya meat is produced by smoking the raw beet with the addition of some spices, salt, oil, groundnut cake and flavors, the meat is first sliced into smaller pieces and the spices are rubbed onto it, it is later oven dried or over local source of heart. This allows the meat to get dried properly with the right taste before is gold to the consumers. The study examines the Isolation and Identification of Bacteria Associated with Suya Meat. In achieving this aim, the following specific objectives were laid out to isolate, microbial species associated with suya meat, identify the microbial species associated with the suya meat, and isolate and identify the common spoilage organisms of suya meat often production thereby …
Can this topic “Production of Wine from Sweet Orange and Banana” be used for Science Laboratory Technology (SLT) Project?
Yes it can be utilized for research — This study was aimed at investigating the suitability of two fruits (Orange and Banana) as substrates for wine production and the efficiency of yeast isolated from palm wine for alcoholic fermentation of fruits. Two different wine were produced from the must of ripe sweet oranges (citrus spp.) and banana (musa spp.) by fermenting the must wine with a wine yeast strain of saccharomyces cerevisae var ellipsoideus and the other with a locally isolated yeast from well riped oranges. 400 mls of must was obtained separately from the sweet oranges and banana.The different fresh must were sterilized separately by addition of sodium metabisolphate (Na2S02O5) before they were put into different containers (buckets) for fermentation. The fermentation started by inoculating the fresh …
Can this topic “Evaluation of Employment Standard on Employee Performance” be used for Business Administration and Management (BAM) Project?
Yes it can be utilized for research — This project work is on the evaluation of employment standard on employee performance in Nigeria Bottling Company, Imo state by focusing on the performance appraisal which is a measure of employment standard. The Aim of the study is at analyzing the impact of employment standard as a tool for higher employee performance, which is geared towards the objectives of examining the urgency and need for performance appraisal, examining the reaction of staff toward the appraisal and finally making suggestion on how to improve the performance of the staff. However, the data for the study were generated from both primary and secondary sources which includes; observation, interview, journals, questionnaire etc. The instruments employed for the analysis of the data collected were quantitatively, …
Can this topic “The Impact of Digital Devices on Work-Life Balance, Job Stress and Job Satisfaction” be used for Human Resource Management (HRM) Project?
Yes it can be utilized for research — The study was carried out to examine the impact of digital devices on work-life balance, job stress and job satisfaction. In achieving this aim, the specific objectives were laid out to identify different work-life balance policies and practices, examine the impact of digital devices on work-life balance of employees and examine the impact of digital devices on job satisfaction of employees of First Bank. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. A total of 133 (one hundred and thirty three) respondents were selected for this study to represent the entire population of the study. For null hypotheses were formulated and tested using the one-way ANOVA …
Is the topic “Role of Agriculture in Economic Growth and Poverty Reduction in Nigeria” recommended for Agricultural Economics and Extension Project?
Yes it is highly recommended — The purpose of the study was to determine the role of agriculture in economic growth and poverty reduction in Nigeria. The data used were collected from the statistical bulletin of the Central Bank of Nigeria and World Banks development indicators, and covered the period of 33 years ranging from 1981 to 2014. Multiple regression was used to analyze the data. The result showed that agriculture has significant impact o n economic growth in Nigeria. It was also showed that agriculture has significant impact on poverty reduction in Nigeria. The other variable included in the model which is non-agriculture output did not have significant impact on poverty reduction. The study therefore recommends among others that government provides more funding for agriculture …
Can the material for “Teachers Attributes and Secondary School Students Academic Achievement in Biology” be used as a guide for Biology Education Project?
Yes it can be used — The study was carried out to examine the Teachers’ Attributes and Secondary School Students Academic Achievement in Biology in Enugu East Local Government Area. In achieving this aim, the following specific objectives were laid out to investigate the influence of teacher characteristics on students’ achievement in Biology and how teacher’s incompetence in the use of laboratory equipment affects student’s achievement in biology. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. A total of 150 (one hundred and fifty) respondents were selected for this study to represent the entire population of the study. For null hypotheses were formulated and tested using the one-way ANOVA and the t-test …
Is the topic “Synergistic activity of salvia officinalis and antibiotics against typhoidal salmonella species” recommended for Microbiology Project?
Yes it is highly recommended — Salvia officinalis L. from the family Lamiaceae, is a worldwide cultivated aromatic herb that is endemic. Investigation reveals the following problems of the synergistic activity of salvia officinalis (sage leaf) and antibiotics against typhoidal salmonella species research work; improper evaluate of the synergistic activities of S. officinalis against typhoidal salmonella species, lack of proper information relating to the estimation of the total phenol content (TPC) and flavonoid content (FC) of S. Officinalis (Sage Leaf), and Improper investigation of the gas chromatography (GC) analysis conditions and disc diffusion method used during synergistic activities. The aim of the Study is to investigate the synergistic activity of salvia officinalis (sage leaf) and antibiotics against typhoidal salmonella species; In achieving this aim, the following …
Can the material for “Utilization of E-learning Facilities in Teaching of Office Technology and Management (OTM) Education Courses” be used as a guide for Management Technology Project?
Yes it can be used — The study was carried out to examine the Utilization of E-learning Facilities in Teaching of Office Technology and Management (OTM) Education Courses in Tertiary Institution for Effective Service Delivery. Investigation revealed that management students in Federal Polytechnic Nekede Owerri, the students are exposed only to the use of analogue typing and shorthand skill, therefore inability to keep up with the rapid pace of technology has created fear on these students. The unavailability of most of the information technologies in the office technology and management (OTM) workshops is another challenge the students are facing in this information technology era. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. …
Can the material for “Effect of Single Parenthood on Pupils Academic Achievement in Primary School” be used as a guide for Education Project?
Yes it can be used — The research work investigated the effects of single parenthood on pupils academic achievement in primary school in Odeda Local Government Area of Ogun State. The research work employed the use of questionnaires in gathering data for analysis and it contained the following items: name of the respondents, school, age, sex, class, religion. Data is presented in tables and frequencies while percentage was used to analyse. From the analysis, children from single parents do lack affection, involved in delinquent behaviour and always hostile and aggressive, and do not perform well academically. And more so, single mother and father affect the children’s educational outcome. With the result obtained and fact finding highlight families and the causes of with whom children live, for both …