Appraising The Role Of An Accountant In Loan And Credit Control Management
The management accountant is identified as one of the key officers in the accounting department of any manufacturing company. He has the duty of providing the required professional information reroute to achieving the organization goal. Some of his functions include planning and controlling activities formulation of strategy decision taking optimizing the use of resources etc.
In his planning function he quantifies and interpreters the effect of planned transaction and other economic event of the organization.
The management accountant by virtue of his duties participants indirectly in the management process. This research work aims to bring to the knowledge of its user the role the management accountant plays in the achievement of the goal of every manufacturing outfit which is profit maximization.
The work is organized in five chapters, chapter one is the introductory. Part which include the background of the study statement of problems significance scope and limitation of the study. Chapter two is the literature review this is where the pinions of various authors in related subjects are reviewed. Chapter three deal with the research design and methodology. This could be seem as a framework or a plan that is used in collecting analyzing the data for the study. It reveals the sources of the data the sample used and the method of investigation. In chapter four the data are being presented and analyzed the hypotheses stated were adequately tested and decision taken. Finally in the fifth chapter the finding of the research work is disclosed and recommendations and suggestions are given for the benefit of the user.
The accountants the business and the economy are inseparable. They are mostly needed in resolving various conflicting investment decision, initiating and co-ordinating meaning of economic development and growth. In Nigeria, this function has largely been restricted to the reporting role, book-keeping accounting and auditing.
This research project is thus a search part for what the role of the accountant, has been and what it should be in enhancing economic development in the area of company formation and profitable business acquisition. Moreover in this period of high business mortality rate, what the role of the accountant in corporate rescuer should be.
Chapter one of the study lays a theoretical framework for subsequent chapters. Following the general introduction, the problem statement and the objective of the study which provided basis for the significance of the study and the hypothesis were stated. The limitation of this study were also highlighted.
In the literature review as contained in chapter two, works of various authors, international and local journals were reviewed to elicit views on the roles and relevance of the account in business and economic development.
Chapter three, research methodology, description of population and sampling procedure for data collection were discussed. Methods of questionnaire design, determination of sampling sige and questionnaire distribution were also highlighted.
Chapter four was based on analysis of data collected. This? Chapter was sub-divided into data analysis, hypothesis testing and summary. Percentage table, figure and narration were carefully employed for proper understanding and testing of hypothesis.
Finally, chapter five was divided into summary of findings, recommendation and conclusion. Recommendation for resolving various conflicting issues bordering on the accountant and his role problems were drawn based on findings which were discussed.
This project work was on the role of the accountant in poverty alleviation programme of the federal government with particular note on Enugu North local government area.
The objectives of the study among others were: To determine the role of the Accountant in the poverty alleviation programme of Enugu North local government area.
To determine whether the role of the accountant is of relevant in the planning of programmes and policies of the poverty alleviation programme in Enugu North local government area.
In view of this an indepth literature, review was carried of related materials, journals, and text books, Beside, data were elicited through the use of Questionnire and oral interview conducted.
These data were analysed and presented using statistical technique such as tables and percentages. The data was used to test the three hypothesis formulated.
Based on the data analysed these findings were made:
It was discovered that the poverty alleviation programme was geared towards, providing food, security, reducing unemployment and increasing the standard of living of the citizens.
Inspite of the rigorious effort by the three tiers government and the huge sum that has been spent so far, the impact is yet to be felt even in Enugu North Local Government Area.
It was discovered that the local government authorities particularly the poverty alleviation committee have made contentious effort towards mobilization of savings by intermediating between those that have the needed resources (donors) and those that need then (grassroots).
In the light of these findings recommendation were also made which include:
Enlightment campaign programme aimed at informing and educating the citizens and individuals domiciled within Enugu on the relevance benefit and right attitude towards poverty alleviation programme.
Periodic account audit should be carried out semi annually in other to determine the amount and the effect of funds disbursed courtesy of the poverty alleviation programme.
There should be proper integration and role definition with particular emphasis on the place of the accountant in other to guarantee maximum result which will invariably lead to a noticeable impact of the programme at the grass root lead.
The researcher strongly believe that if the measures are taken it will help to create positive impact of poverty alleviation programme at the grass root level.
In the Nigerian economic setup it is various that the role of accountant is very important in its growth and development.
Against this background is this research work titled “THE ROLE OF ACCOUNTANT IN THE NIGERIAN ECONOMY” effort has been made to examine the accountants in the economic development of the nation. This research work made effort to find out of the accountant actually plays his role in the economy.
In order to achieve the aims and objectives of this research work the different types of accountant operating in the economy are classified into their various cadres.
I ascertained from the employers of labour user of accounting information and the general public how for they had benefited from the services of the accountant and if the account are aware of other roles being played in the economy other than that conformed in him by statute.
The entrepreneur must have a range outlook on the intended business investments, business investments, examine the alternative uses of capital and account for financial requirement and carry sensitivity and risk analysis.
This study promises an analysis and illustration of the principles of feasibility and viability appraisals and highlights the essence of the subject matter. It also brings into focus the accountants essential contributions, which have hitherto tended to be cost in wide diffusion
In view of the objective of the study, the literature review examines the views of various writers on the subject matter. Its emphasis is on meaning, importance and components of feasibility and viability studies historical perspective and the role of the accountant thereof.
Research design and methodology details the method used in carrying out the research for the project. It specifies the sources of data, target population, sampling method and also describes the research instruments and method of administration and analysis of data.
Data presentationa dn analysis presnts a afeasbility case study of hosuehold cassava – starch milling plant. It details the findings of the researcher regarding the project and examiones.
Specifically the marketing, technical economic and social factors involved
Financial analysis and evaluation provides an illustration of the role of the accountant in a practical project appraisal situation. It details the application of the data presented above in making relevant financial projections for 5 years.
Also a matching of the projected cost against the projected revenue is done.
In conclusion, this study centered on the role of an accountant in a project evaluation which has been demonstrated in this study by the viability appraisal of operating a starch milling plant
This study is an attempt to examine the effectiveness of the Institute of Chartered Accountant of Nigeria (ICAN) as an Agency of Continuing Education. This is with a view to determining whether it can be concluded that the Institute of Chartered Accountant of Nigeria (ICAN) is an agency for continuing education.
This is to show what Institute of Chartered Accountant of Nigeria is all about and its effectiveness as an agency for continuing education. This is because the recognition of the role of Accountancy in national development as indispensable for the full function of the Accountant.
This determines that the Institute of Chartered Accountants of Nigeria is well suited for continuing education because it has motivational factors by way of employment prospects for its products. It also equips the leaner with skill in Accountancy.
However, it has the deficiency of a narrow based curriculum and communication gap between the Institute and its target audience.
To this end, four hypotheses were formulated to test empirically whether or not the Institute of Chartered Accountants of Nigeria (ICAN) is an agency for continuing education and its effectiveness.
These hypotheses are:
1. The Educational Programmes of Institute of Chartered Accountants of Nigeria (ICAN) offers the participants certification for better employment, promotions and appointments.
2. The ICAN Educational Programmes raise accountants to social status that compare favourably with that of other professional scholars.
3. The Education Programmes of ICAN affects the proper development of the accountants for his economic and social roles.
4. There is a failure on the part of ICAN to reach out to its target audience.
This project work was on the contribution of the accountant in poverty alleviation programme of the federal government with particular note on Enugu North local government area.
The objectives of the study among others were: To determine the contribution of the Accountant in the poverty alleviation programme of Enugu North local government area.
To determine whether the contribution of the accountant is of relevant in the planning of programmes and policies of the poverty alleviation programme in Enugu North local government area.
In view of this an indepth literature, review was carried of related materials, journals, and text books, Beside, data were elicited through the use of Questionnire and oral interview conducted.
These data were analysed and presented using statistical technique such as tables and percentages. The data was used to test the three hypothesis formulated.
Based on the data analysed these findings were made:
It was discovered that the poverty alleviation programme was geared towards, providing food, security, reducing unemployment and increasing the standard of living of the citizens.
Inspite of the rigorious effort by the three tiers government and the huge sum that has been spent so far, the impact is yet to be felt even in Enugu North Local Government Area.
It was discovered that the local government authorities particularly the poverty alleviation committee have made contentious effort towards mobilization of savings by intermediating between those that have the needed resources (donors) and those that need then (grassroots).
In the light of these findings recommendation were also made which include:
Enlightment campaign programme aimed at informing and educating the citizens and individuals domiciled within Enugu on the relevance benefit and right attitude towards poverty alleviation programme.
Periodic account audit should be carried out semi annually in other to determine the amount and the effect of funds disbursed courtesy of the poverty alleviation programme.
There should be proper integration and contribution definition with particular emphasis on the place of the accountant in other to guarantee maximum result which will invariably lead to a noticeable impact of the programme at the grass root lead.
The researcher strongly believe that if the measures are taken it will help to create positive impact of poverty alleviation programme at the grass root level.