THE IMPACT OF ACCOUNTING PROFESSION AND ACCOUNTING PRACTICE ON NIGERIA ECONOMY
USER'S INSTRUCTIONS: The project work you are about to view is on "the impact of accounting profession and accounting practice on nigeria economy". Please, sit back and study the below research material carefully. This project topic "the impact of accounting profession and accounting practice on nigeria economy" 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 "the impact of accounting profession and accounting practice on nigeria economy" project research material is to reduce the stress of moving from one school library to another all in the name of searching for "the impact of accounting profession and accounting practice on nigeria economy" 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
THE IMPACT OF ACCOUNTING PROFESSION AND ACCOUNTING PRACTICE ON NIGERIA ECONOMY
BY
---
EE/H2013/01430
DEPARTMENT OF ----
SCHOOL OF ---
INSTITUTE OF ---
DECEMBER,2018
APPROVAL PAGE
This is to certify that the research work, "the impact of accounting profession and accounting practice on nigeria economy" 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 "the impact of accounting profession and accounting practice on nigeria economy" 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 "the impact of accounting profession and accounting practice on nigeria economy" visible for everyone, then the complete material on "the impact of accounting profession and accounting practice on nigeria economy" is to be ordered for. Happy viewing!!!
Accounting profession is the one that speaks the language of business by providing financial information needed to take economic decisions. It is that professional discipline which involves the systematic gatherings, classification, recording, analyzing, interpreting and transmission of financial information.
A distinguishing hallmark of profession is acceptance of its responsibility to the public it serves. The professional accountant have long been known for high integrity and objective as well as for their commitment to the public interest. Accounting bodies have been molding the profession to a greater height.
Accountant is the professional charged with the statutory responsibility of ensuring that proper books and records have been kept organizations. They are rested with the responsibility of expressing opinion as to whether the books and the records shows a true and fair view of the underlying financial transaction during the period under review. Throughout the world the participation, innovation and creativity of the accountant have contributed in no small measure to promote economic development.
This project work is aimed at inquiring onto the accountancy profession and the impact in an economy using KAYODE OLAYEMI CHARTERED ACCOUNTANTS & CO as a case study. From the findings; it is obvious that professional accountants have been living up to expectation. While the right steps are being taking regarding challenges and economic management. The research has been able to clarify issue on the public perception of the accountancy profession and its relevance in Nigeria economy.
TABLE OF CONTENTS
Certification
Dedication
Acknowledgement
Table of Content
Abstract
CHAPTER ONE
INTRODUCTION
- Background of the study
1.1 Statement of the problem
1.2 Objective of the study
1.3 Scope of the study
1.4 Significant of the study
1.5 limitation of the study
1.6 Definition of terms
CHAPTER TWO
REVIEW OF LITERATURE
- Introduction
2.1 The Accountancy profession
2.1.1 Public Accounting
2.1.2 Private or industrial accounting
2.1.3 Accounting in the Non- profit making sector
2.2 Formations of professional bodies
2.3 Role of Accountants
2.4 Challenge for the professional Accountants
2.5 The Nigeria Economy Scene and the Accountant
2.6 The professional Accountants and Anti-corruption crusade
2.7 Accountancy profession and Economic Restructing.
CHAPTER THREE
RESEARCH METHODOLOGY
- Introduction
3.1 Population
3.2 Source of Data Collected
3.3 Method of data analysis
3.4 Historical Background of the study.
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
4.1 Presentation and analysis of data
4.2 Summary analysis of unstructured Questions.
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- Summary of findings
5.1 Conclusion
5.2 Recommendations
5.3 References.
CHAPTER ONE
INTRODUTION
- 1 BACKGROUND OF THE STUDY
Accounting as a noble profession, is a disciplined profession one must be disciplined from day one as a professional accountant and the discipline starts from up-dating ones knowledge by going into studies come rain or sunshine. The “PROBITY AND ACCONTABILITY” is regarded as watchwords of accountants.
The history of accounting dates back to 5000 B.C. when the temple priest of summer operated a tax system that brought under their control rests stock and estates. It then becomes necessary for these priests to develop accounting method to maintain managerial control of transaction and to give an account of their management over these holdings.
Institutionalization of accounting as a profession started in 1853 from Britain. The main objective behind this is to regulate the profession in an economy and to determine from time to time what to what would be required of an accountant to be able to qualify. Also to determine standard and degree of knowledge needed before a member could be admitted.
Accountancy as a discipline and noble profession that command respect from oil other disciplines and social recognition as exhibited versatility, boldness and sensivity to environment in all its ramification with an all-round competence and readiness to handle the issues and challenges thrown forth.
- 2 STATEMENT OF THE PROBLEMS
The accountancy profession over the year, has been seen by the public mainly from the perspective of the work of an auditor who comes to audit after the year-end and all they see is just a one-page report to shareholders.
Another problem is the fate of the young up-coming accountants in Nigeria in the face of the Association of National Accountants of Nigeria (ANAN) and Institute of Chartered Accountants of Nigeria (ICAN) embolic and the possible effects on the profession is another thing that needs to be checked.
Another Economy is made up of both private and public sector. The private sector are organizations owned by individual whose aim and objectives are the provision of goods and services for profit maximization. The public sector on the other hand, are all organizations which are established and run by government on behalf of the public.
In the private sector, the impact can be viewed from the point of accountant in the preparation of financial statement and that of the auditor in the expression of opinion on the account prepared. If the auditor qualifies his report, such account will have bad impression on the management and can cause fall in the stock price. However, such qualified audit report may have little or no effect when considering public sectors accounting since the account is based on fund system (i.e. service oriented rather than profit making).
The problem of the study in view of the above, therefore are as follows:
- Difficulties in weighing the impact of the profession in private sector and public sector of the economy with each other.
- Problems of knowing the role of such accounting report on the economy when considering a single entity.
- 3 OBJECTIVE OF THE STUDY
The main objective of this research is to look into the accountancy profession and the impact in an economy.
This project is designed to enlighten the public that the work done by the professional accountants is very much more than just auditing and book-keeping. The importance of professional body in full professional cannot be over-emphasis in an economy.
This write up will therefore analyse the issue of association of National Accountant of Nigeria (ANAN) and Institute of Chartered Accountants of Nigeria (ICAN) and make recommendation in an economy.
- 4 SCOPE OF THE STUDY
Looking at the accountancy as a profession constitute the premises of this project work. Professional Accountants have crucial role to play in the stream of an economy.
The kind of professional services they render have direct relationship with integrity, honesty, accuracy, transparency, probity, and accountability. The above qualities are what we expected in the performance of their professional engagements.
The above mentioned area are the means through which the impact of the profession can be felt and this what the write-up is set to focus on.
- 5 SIGNIFICANCE OF THE STUDY
The study would increase the stock of accountancy profession knowledge of the research. It affords the researchers the opportunity to bring the attention of the public what the profession is all about and its relevant in an economy. The study would also serve as a useful references materials to student of accountancy and future
- 6 DEFINITION OF TERMS
ACCURACY: Exactness of an accountant
ACCOUNTANCY: Profession of an accountant
ACCOUNTING: A statement of money paid or received for goods and services.
ACCOUNTABILITY: Expectation or responsibility of giving an explanation
ANAN: Association of National Accountants of Nigeria.
DEVELOPMENT: A state of being advancing to a higher economic state of a country.
ECONOMY: System for the management and used of resources.
ICAN: Institute of Chartered Accountants of Nigeria.
INTEGRITY: The quality of being honesty and upright in character.
PROFESSIONAL: Practice of person that have acquired advanced education and special training.
- 7 LIMITATION OF THE STUDY
SAMPLING
For convenience, case recording, analysis and interpretation of data, the random sampling method was used in gathering the relevant data for the particular study. Random sampling method is used during the course of distribution questionnaire of the respondent.
With the use of random sampling method, respondent who are to answer the questionnaire are selected since it is quite impossible and uneconomical to collect information from everybody in the environment.
This sample processes are employed in order to get the exact set of people that have things in relation to the topic for easy and quick administration, questionnaire were administered on selected group of respondent given.
DATA
In the process of carrying out this research, data collected through responded given in the questionnaire were analyze and interpreted with the use of the following data analysis methods which are tabulation and percentage.
TABULATION: involves collecting data into meaningful groups. These enable researchers to prepare qualitative data so that they are readily understandable and their significant value appreciated.
PERCENTAGE: the data collected from the response given in the questionnaire were analysed on percentage basis. This enables the researcher to assign and give percentage weight and to choose the highest percentage.
1.8 ORGANIZATION OF THE STUDY
The study is divided into five chapters,;.
chapter one; is the introduction which contains background of the study, statement of the research, research question, objectives of the study, research hypothesis, significance of the study, scope and limitation of the study, definition of key terms and organization of the study.
Chapter two: is the literature review which contains literature review
Chapter three:- is the research methodology which contain research design, sources of data collection, population and sample size, sampling technique, method of data analysis and limitation of the study.
Chapter four:-is the data presentation, analysis and interpretation which contains data presentation, data analysis and data interpretation.
CHAPTER TWO: The chapter one of this work has been displayed above. The complete chapter two of "the impact of accounting profession and accounting practice on nigeria economy" is also available. Order full work to download. Chapter two of "the impact of accounting profession and accounting practice on nigeria economy" consists of the literature review. In this chapter all the related work on "the impact of accounting profession and accounting practice on nigeria economy" was reviewed.
CHAPTER THREE: The complete chapter three of "the impact of accounting profession and accounting practice on nigeria economy" is available. Order full work to download. Chapter three of "the impact of accounting profession and accounting practice on nigeria economy" 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 "the impact of accounting profession and accounting practice on nigeria economy" is available. Order full work to download. Chapter four of "the impact of accounting profession and accounting practice on nigeria economy" 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 "the impact of accounting profession and accounting practice on nigeria economy" is available. Order full work to download. Chapter five of "the impact of accounting profession and accounting practice on nigeria economy" 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:
