INTERNAL CONTROL SYSTEM IN A MANUFACTURING ORGANIZATION
USER'S INSTRUCTIONS: The project work you are about to view is on "internal control system in a manufacturing organization". Please, sit back and study the below research material carefully. This project topic "internal control system in a manufacturing organization" have complete 5(five) Chapters. The complete Project Material/writeup include: Abstract + Introduction + etc + Literature Review + methodology + etc + Conclusion + Recommendation + References/Bibliography.Our aim of providing this "internal control system in a manufacturing organization" project research material is to reduce the stress of moving from one school library to another all in the name of searching for "internal control system in a manufacturing organization" research materials. We are not encouraging any form of plagiarism. This service is legal because, all institutions permit their students to read previous projects, books, articles or papers while developing their own works.
TITLE PAGE
INTERNAL CONTROL SYSTEM IN A MANUFACTURING ORGANIZATION
BY
---
EE/H2013/01430
DEPARTMENT OF ----
SCHOOL OF ---
INSTITUTE OF ---
DECEMBER,2018
APPROVAL PAGE
This is to certify that the research work, "internal control system in a manufacturing organization" by ---, Reg. No. EE/H2007/01430 submitted in partial fulfillment of the requirement award of a Higher National Diploma on --- has been approved.
By
--- . ---
Supervisor Head of Department.
Signature………………. Signature……………….
……………………………….
---
External Invigilator
DEDICATION
This project is dedicated to Almighty God for his protection, kindness, strength over my life throughout the period and also to my --- for his financial support and moral care towards me.Also to my mentor --- for her academic advice she often gives to me. May Almighty God shield them from the peril of this world and bless their entire endeavour Amen.
ACKNOWLEDGEMENT
The successful completion of this project work could not have been a reality without the encouragement of my --- and other people. My immensely appreciation goes to my humble and able supervisor mr. --- for his kindness in supervising this project.
My warmest gratitude goes to my parents for their moral, spiritual and financial support throughout my study in this institution.
My appreciation goes to some of my lecturers among whom are Mr. ---, and Dr. ---. I also recognize the support of some of the staff of --- among whom are: The General Manager, Deputy General manager, the internal Auditor Mr. --- and the ---. Finally, my appreciation goes to my elder sister ---, my lovely friends mercy ---, ---, --- and many others who were quite helpful.
PROJECT DESCRIPTION: This work "internal control system in a manufacturing organization" research material is a complete and well researched project material strictly for academic purposes, which has been approved by different Lecturers from different higher institutions. We made Preliminary pages, Abstract and Chapter one of "internal control system in a manufacturing organization" visible for everyone, then the complete material on "internal control system in a manufacturing organization" is to be ordered for. Happy viewing!!!
The constant failure of many organization resulting from fraud due to loopholes in the Accounting system of the organization calls for a proper understanding of the “Internal control System” and its impact on manufacturing organization. Internal control System has remained the bedrock for organization or management efficiency. The objectives of these study is to find out what makes the Internal control System of a manufacturing company, to examine critically the impact of Internal control in the management of the company under these study to assess the strength and weakness of Internal control System in the manufacturing organization, to make necessary recommendation on how to correct lapses in Internal control which may be discovered at the course of the research. Method of data collected, was done through questionnaire oral interview and other relevant literature. Data collected were properly analyzed and frequency table was used in the analysis. The techniques adopted was random sampling techniques, used to get total number of forty (4) staff out of which ten (10) of them were management staff who were interviewed and the rest were given questionnaires. The major findings of this research work states that good accounting system of the company is product of its Internal control System. Recommendation state that, it is imperative that companies should operate with effective Internal control System.
TABLE OF CONTENTS
Title page i
Certification ii
Dedication iii
Acknowledgement iv
Proposal vi
Table of contents vii
CHAPTER ONE
1.1 Introduction 1
1.2 Statement of the problem 4
1.3 Objective of the study 5
1.4 Scope of the study 6
1.5 Significance of the study 6
1.6 Limitation of the study 7
1.7 Definition of terms 7
CHAPTER TWO: LITERATURE REVIEW
2.1 The Concept of Internal Control 9
2.2 Highlights of the Definition 9
2.3 Objective of the Internal Control System 14
2.4 Effectiveness of Internal Control System of International Brewery Company Ilesha 19
2.5 Limitation of Internal Control System of International Brewery Plc Ilesha Osun State 20
2.6 Contribution of EDP based on Administrative Environment 22
CHAPTER THREE:
3.0 Research methodology 26
3.1 Data collection sources 27
3.2 The Population and Sample Size of the Study 28
3.3 Research Instrument 29
3.4 Sampling techniques 29
3.5 Method of Data Analysis 30
CHAPTER FOUR: DATA ANALYSIS AND INTERPRETATION
4.1 Data Analysis 32
4.2 Test of Hypothesis 40
4.3 Research Finding 44
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Summary 46
5.2 Conclusion 47
5.3 Recommendations 48
Appendix
Questionnaire
Reference
CHAPTER ONE
1.1 INTRODUCTION TO THE STUDY
The main effectiveness in the management of any organization is growth and survival of the business in a competitive world market, which is also aids the maximizing the wealth of owners.
In order to maintain these standards, the management must place system or technique. The system or techniques instituted by the management to enhance the laid down guidelines and policies set up by the management in order to attain the corporate goals of the organization is termed internal control system, which is an embodiment of internal audit, can be defined as, “the whole system of control both financial and otherwise established by management in order to carrying the business of the company in an orderly and efficient manner, ensure adherence to, management polices safeguard the assets and secure as far as possible the completeness accuracy and validity of books and records of an company.
However, internal control involves various methods and procedure adopted in an organization with a view to safeguarding its assets to promote greater efficiency in operation to carry out effectively the general policies as laid down by the management and to ensure that the accounting and statistical data produced are reliable and accurate.
The essence of the quality of internal in modern day auditing can be compared to that of the foundation work of a house.
The house rest secure and it foundation and modern auditing depends in the same way upon internal control.
A sound internal system is vital to the management and auditors alike, because experience has shown that any deficiency in it leads eventuality to chaos within the organization.
Today, the concept of internal has assumed greater dimension:
It is the nerve system of very business which controls all the operations and polices of business, financial and otherwise.
The control is strictly supervised by the internal audit department through its staff and generally for effectiveness. Internal auditor is given a measure of independence to enables them carry out their work satisfactory and also to enables them report directly to the chief executive of the organization.
The entire internal controls of international Brewery Plc Ilesha are usually divided into divisions and they have joint objectives fraud in the company.
- Preventing fraud in the company
- To provide reliable efficiency
- Safeguarding the assets and records of the company
- To encourage adherence to prescribed policies and directives of the company.
However, the problems and prospects of internal control system international Brewery Plc, Ilesha is the focus of this research with some responsibility entrusted in to the hands of internal audit personnel in the Brewery Industry.
1.2 STATEMENTS OF THE PROBLEM
The complicated system of checks and counter check that tends to hamper efficiency and timelines of all system in the brewery industry has been attributed to the old and out dated regulations.
An incompetence of some personnel or hiring of unqualified hands in the performance of audit and records duties. This pertly explains why some brewery industries are not making profit (poor turnover). All these and others are factors that forced many organizations to liquidate.
1.3 OBJECTIVES OF THE STUDY
The main objectives of this study can be summarized as follows:
- To examine the soundness of internal control system in international brewery plc, Ilesa.
- To determines the factors responsible for ineffective internal control system in manufacturing companies.
- To undertake an in depth study of the mode or nature of pilferage and frauds that are perpetrated in manufacturing companies with special reference to international Brewery Plc Ilesa.
1.4 SCOPE OF THE STUDY
The study will cover an in-depth explanation of what internal control is and the general impact of sound internal control system has contributed to the one the growth and survival of the international Brewery company, ilesa.
1.5 SIGNIFICANCE OF THE STUDY.
The research work would be of great important most especially to the company chosen as the case study and other manufacturing companies. Also the researchers believe is going to be of great help on adjusting the existing system and improve on it. In addition in the above, future researchers and students generally would benefit from the study.
1.6 LIMITATION TO THE STUDY
The major limitation to this research is as a result of lack of data in the organization.
The lack of sufficient books and distance also there is no enough time for carryout the research which constitute to the hindrance.
Also not all information are released for the fear of revealing the company secret and difficulties ion gaining access to organization literature and annual report.
1.7 DEFINITION OF TERMS
The auditing guidance on internal control defines internal control thus:
INTERNAL CONTROL SYSTEM: this is whole system of controls, financial or otherwise, which established by the management in order to carry on the business of the enterprise in an orderly and efficient manner, ensure adherence to management policies safeguarding the assets and secure as far as possible the completeness and accuracy of the records, the individuals components of internal system are know as controls.
Some authors from USA explained internal control as the system within a company consisting of its plan organization, the assignment of duties and responsibilities, the design of business and reports all measures and methods employed.
- To protect its assets:
- To promote and judge the operational efficiency of all aspect of the company activities.
- To encourage the accuracy and reliability of business studies and other operating data and reports.
TERMS: Is a mathematical expression which may form a separable part of a equation series or another expression.
ORGANIZATION: Is a social unit of people systematically structured and managed to meet a need or to purse collective.
CONTROL SYSTEM; is a device, or set of devices to many command direct or requite the behavior.
PRODUCTION: Can be define as the transformation of raw materials into finished goods to satisfy human want.
COMPANY: Can be defined as an organization of people in group of business in effort to make money.
CHAPTER TWO: The chapter one of this work has been displayed above. The complete chapter two of "internal control system in a manufacturing organization" is also available. Order full work to download. Chapter two of "internal control system in a manufacturing organization" consists of the literature review. In this chapter all the related work on "internal control system in a manufacturing organization" was reviewed.
CHAPTER THREE: The complete chapter three of "internal control system in a manufacturing organization" is available. Order full work to download. Chapter three of "internal control system in a manufacturing organization" consists of the methodology. In this chapter all the method used in carrying out this work was discussed.
CHAPTER FOUR: The complete chapter four of "internal control system in a manufacturing organization" is available. Order full work to download. Chapter four of "internal control system in a manufacturing organization" consists of all the test conducted during the work and the result gotten after the whole work
CHAPTER FIVE: The complete chapter five of design and construction of a "internal control system in a manufacturing organization" is available. Order full work to download. Chapter five of "internal control system in a manufacturing organization" consist of conclusion, recommendation and references.
To "DOWNLOAD" the complete material on this particular topic above click "HERE"
Do you want our Bank Accounts? please click HERE
To view other related topics click HERE
To "SUMMIT" new topic(s), develop a new topic OR you did not see your topic on our site but want to confirm the availiability of your topic click HERE
Do you want us to research your new topic? if yes, click "HERE"
Do you have any question concerning our post/services? click HERE for answers to your questions
For more information contact us through any of the following means:
Mobile No 
:+2348146561114 or +2347015391124 [Mr. Innocent]
Email address 
:engr4project@gmail.com
Watsapp No 
:+2348146561114
COUNTRIES THAT FOUND OUR SERVICES USEFUL
Australia, Botswana, Canada, Europe, Ghana, Ireland, India, Kenya, Liberia, Malaysia, Namibia, New Zealand, Nigeria, Pakistan, Philippines, Singapore, Sierra Leone, South Africa, Uganda, United States, United Kindom, Zambia, Zimbabwe, etc
Support: +234 8146561114 or +2347015391124
Watsapp No :+2348146561114
Email Address :engr4project@gmail.com
FOLLOW / VISIT US VIA:
