THE COMPARATIVE ANALYSIS OF THE ACCOUNTING SYSTEM OF THE PRIVATE AND PUBLIC ORGANIZATIONS. A CASE STUDY OF MARLUM NIGERIA LTD, EMENE AND MICHAEL OKPARA UNIVERSITY OF AGRICULTURE, UMUDIKE ABI

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ABSTRACT

This study examines the accounting systems of the public and private sectors with special references to Michael Okpara University of Agriculture Umumdike Abia state and Marlum Nigeria Ltd., Emene Enugu. Adequate care has been taken to make a comparative analysis of the two accounting systems.

The systems aims at establishing and maintaining accurate and reliable accounting data, information and records, promotes operational efficiency and effectiveness and adhere to prescribed government accounting principles are methods.

The researcher therefore examines the types and sources of funds for the two establishments, systems of recording and controlling experiments including external auditing are internal control systems. The accounting procedures in the private establishments are to some extent different from that of the public establishments. Therefore, the accounting procedures wile that of Marlum Nig. Ltd. Is not.

Adequate preparations were made before this research was carried out. The data used in the analysis were collected through arestonaries, interviews and from relevant texts. In analysis the data presents n tabular forms, the researcher carefully compares are the relevant issues pertaining to the accounting systems in the two establishments.

From this comparative analysis some findings were made. For instance, t was discovered that where MOAU is self accounting, Marlum Nigeria ltd. Is not. Also MoAU sources its funds from the festival government but Marlum Nig. Ltd obtain hers from the clients who awards contracts to them. Both establishment maintain simwar book of account, instead internally controlled accounting systems and use external auditors to verify the accuracy and reliability or otherwise of their records.

The research work ends with conclusions drawn from the research findings and recommendations made for he establishments authorities on how to improve on the efficiency of their accounting systems.

TABLE OF CONTENTS

COVER PAGE

TITLE PAGE

APPROVAL PAGE

DEDICATION

ACKNOWLEDGMENT

ABSTRACT

TABLE CONTENTS

CHAPTER ONE: INTRODUCTION

1.1BACKGROUND OF THE STUDY

1.2STATEMENT OF THE PROBLEM

1.3OBJECTIVE OF THE STUDY

1.4HYPOTHEISE/RESEARCH QUESTIONS

1.5SIGNIFICANCE OF THE STUDY

1.6LIMITATION OF THE STUDY

1.7DEFINITION OF THE STUDY

REFERENCE

CHAPTER TWO: LITERATURE REVIEW

2.1CONCEPT PF ACCOUNTING

2.2HISTORICAL DEVELOPMENT OF ACCOUNTING IN NIGERIA

2.3INCOME AND EXPENDITURE RECORDING

2.4THE NATURE OF ACCOUNTING SYSTEM

2.5ACCOUNTING SYSTEM

2.6IMPORTANCE IF MAINTAINING ADEQUATE ACCOUNTING

2.7TYPES OF ACCOUNTING SYSTEMS

2.8INTERNAL CONTROL AND ACCOUNTING SYSTEM

2.9INTERNAL AUDITING

REFERENCES

CHAPTER THREE: RESEARCH METHODOLOGY

3.1SOURCES OF DATA

3.2PRIMARY SOURCES

3.3PERSONAL INTERVIEW

3.4OBSERVATION

3.5SECONDARY SOURCES

3.6POPULATION

3.7DATA ANALYSIS

3.8LIMITATIONS OF THE METHODOLOGY

CHAPTER FOUR: DATE PRESENTATION AND ANALYSIS

4.1DIFFERENCE BETWEEN SECTOR ARE PRIVATE SECTOR ACCOUNTING

4.2ACCOUNTING SYSTEM OF MARLUM NIG. LTD. EMENE ENUGU

CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION

5.1SUMMARY OF FINDINGS

5.2CONCLUSION

5.3RECOMMENDATION

APPENDIX

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THE COMPARATIVE ANALYSIS OF THE ACCOUNTING SYSTEM OF THE PRIVATE AND PUBLIC ORGANIZATIONS. A CASE STUDY OF MARLUM NIGERIA LTD, EMENE AND MICHAEL OKPARA UNIVERSITY OF AGRICULTURE, UMUDIKE ABI

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