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CHAPTER ONE INTRODUCTION 4.1            BACKGROUND OF STUDY The subject, financial accountability is vital to any organization, be it profit oriented or non profit oriented. Lack of financial accountability result to embezzlement, fraud and misplacement of funds. The regular nature of the Nigeria economy has made any topic in accountability, financial or other wise, worth discussing. Nigeria has had her fair share of financial impropriety both in the public and private sectors, ...

CHAPTER ONE 1.1    BACKGROUND OF THE STUDY Internal control has attained greatest significance in large-scale business organizations. It is of great assistance to both the management and auditors of such organization because it enables them to carry on the business in an orderly and efficient manner. It safeguard its assets and secure the accuracy and reliability of records. The primary aim of an organization that is profit oriented is to operate ...

CHAPTER ONE 1.0     INTRODUCTION 1.1     BACKGROUND OF THE STUDY Every business firm normally will like to know how it perform over a period of time this leading to a preparation of profit and loss statement. They also ask about their position at a particular point in time, which lead them to the preparation of budget. A budget can be seen as a document or financial document used to project future income and ...