IMPROPER ACCOUNTING SYSTEM CONTRIBUTES TO NON-PERFORMANCE OF GOVERNMENT OWNED COMPANIES

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ABSTRACT

Government owned establishments in which hotel business is one, are no longer booming in the nation’s competitive economy due to improper accounting system existing therein; as a result of non-challant attitude of its staff.

Accounting which is the foundation of every business has been of age in the society. This project work has three chapters:

Chapter one is the introduction which gives hints on accounting standards and means of achieving management objectives. Chapter two is the review of related literature which suggested alternative accounting and recording system which was carefully integrated to form the basis of comparison with that of Hotel Presidential Ltd. It highlighted some interesting differences and similarities in the accounting and recording system of Hotel Presidential Ltd. Chapter three, the researcher made recommendations and conclusion accordingly.

TABLE OF CONTENT

Title page

Approval page

Dedication

Acknowledgement

Table of content

Abstract

CHAPTER ONE

1.0Introduction

1.1Research Objective

1.2Significance of study

1.3Limitation of study

1.4Definition of terms

CHAPTER TWO: LITERATURE REVIEW

2.0Introduction

2.1Accounting and control in companies industry

2.2Fundamental practical application

2.3Accounting records and uses

2.4Financial department of a company

2.5Determination of profit in company industry

2.6Food and Beverage control

2.7Accounting forecast and income

CHAPTER THREE:

3.0Summary of findings

3.1Discussion of findings

3.2Conclusion

3.3Recommendation

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IMPROPER ACCOUNTING SYSTEM CONTRIBUTES TO NON-PERFORMANCE OF GOVERNMENT OWNED COMPANIES

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