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ABSTRACT This study will survey a critical review of the accounting system in Nigeria’s insurance industry. This study as a case study is an attempt to review the problems of accounting system in industrial and general insurance company limited.  It has become necessary because of proper understanding and correct treatment in various items in the account.  This study will make a fair contribution towards the understanding of the treatment of various items ...

CHAPTER ONE 1.0 INTRODUCTION Accountancy embraces the installation of book-keeping and accounting systems, the writing up of account and the preparations of every kind of financial statement from the simplest receipts and payments of small club to the published accounts of large public companies. It is one of the main work of the accountant in practice to provide client both large and small with necessary advice as to the most ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND Local government is the third tier out of the three tier of government in Nigeria and in this way, part of the framework of Nigerian administrative authorities it has administrative structure like any level of government, statutory assigned function, social commitment and financial argument needed for it to maintain itself and perform its statutory function to its citizenry. According is defined as the act and ...

CHAPTER ONE 1.1  INTRODUCTION Accounting is the act of recording, classifying and summarizing in significant manner and in terms of money transactions and events which are Interpreting the result thereof. (AIC PA 1953). But in a general sense. It may be considered as a means by which we measure and describe economic activities. Whether you are managing a business, making Investments or deciding how to spend your money, you are working ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY  The essence of public accountability in the present dispensation demands a great attention of which the promptitude of producing accurate and comprehensive financial statement cannot be dispensed with. Government accounting system particularly those found in ministries have been designed primarily to achieve accountability and control, for instance, to ensure that expenditure conforms with authorization and that financial transactions are conducted in accordance ...

CHAPTER ONE 1.0 INTRODUCTION Accountancy embraces the installation of book-keeping and accounting systems, the writing up of account and the preparations of every kind of financial statement from the simplest receipts and payments of small club to the published accounts of large public companies. It is one of the main work of the accountant in practice to provide client both large and small with necessary advice as to the most ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Before now, business Success was built on the ability to move goods and services with speed and accuracy. Today, information has become the fuel that powers business Success .In contemporary Cooperate world, information technology is deployed to gain competitive edge. Information technology has been defined as the processing and distribution of data using computer hard ware, software, telecommunication, and digital electronic (Encarta ...

ABSTRACT Accounting can be defined as the recording summarizing analyzing and interpretation of an organization. Accounting system is a set of rules regulations and procedures which are articulated by a appropriate theoretical force into a system. Ti process data into information which are required as input in the decision making system of the organization. Based on these definitions accounting of public sector involves activities of collecting analyzing recording summarizing reporting and ...

CHAPTER ONE INTRODUCTION 1.1     BACKGROUND OF THE STUDY Days are when most accounting operations and decisions that have to be made on or from them are on first hand basis. This is because accounting operators and decision makers are in close contact with such accounting operations and as such, collected, analysed and interpreted data from such operations for decision making. Today, as company and educational operations expand in size and ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND OF THE STUDY Days are when most accounting operations and decisions that have to be made on or from them are on a first-hand basis. This is because accounting operators and decision-makers are in close contact with such accounting operations and as such, collected, analyzed and interpreted data from such operations for decision making.   Today, as a company and educational operations expand in size ...

CHAPTER ONE INTRODUCTION The establishment of universities constitutes part of the infrastructure of the country within which development and an evaluation of accounting is the whole system of control. Financials and otherwise established by the organization in an orderly and efficient manner, ensures adherence to management policies, safeguard the asses and secure as far as possible the completeness  and accuracy of records. In order to allow for better administration in ...

TABLE OF CONTENTS TITLE PAGE                                                                                       I CERTIFICATION                                                                                II DEDICATION                                                                                      III AKNOWLEDGEMENT                                                                       IV CHAPTER ONE INTRODUCTION      1 STATEMENT OF THE PROBLEM      2 SOURCES OF FUNDS                                   3 AIM AND OBJECTIVE      4 SCOPE AND LIMITATION OF THE STUDY      4 SIGNIUFICANCE OF THE STUDY      5   CHAPTER TWO REVIEW OF LITERATURE        6 HISTORICAL PERSPECTIVE OF THE INTERNATIONAL STANDARD                                        6 PUBLISHED ...

TABLE OF CONTENTS Title page                                                                         i Certification                                                                     ii Dedication                                                                       iii Acknowledgment                                                             iv Table of contents                                                             v CHAPTER ONE 1.1   Introduction 1.2   Aim and objective of study 1.3   Scope and limitation of the study 1.4   Purpose of the study 1.5   Organization of the study CHAPTER TWO LITERATURE REVIEW 2.1   Accounting system source of financial information 2.2   Users of accounting information 2.3   Criteria the accounting system should meet 2.4   Accounting record 2.5   ...

CHAPETR ONE INTRODUCTION  1.1        Background of the study 1.2        Statement of problem 1.3        Objective of the study 1.4        Research Hypotheses 1.5        Significance of the study 1.6        Scope and limitation of the study 1.7       Definition of terms 1.8       Organization of the study CHAPETR TWO LITERATURE REVIEW CHAPETR THREE 3.0        Research methodology 3.1    sources of data collection 3.3        Population of the study 3.4        Sampling and sampling distribution 3.5        Validation of research instrument 3.6        Method of data analysis CHAPTER FOUR DATA PRESENTATION AND ANALYSIS ...