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THE ROLE AND USER OF ACCOUNTING INFORMATION IN NIGERIA BANKING INDUSTRIES

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TITLE PAGE

THE ROLE AND USER OF ACCOUNTING INFORMATION IN NIGERIA BANKING INDUSTRIES

BY

---
EE/H2013/01430
DEPARTMENT OF ----
SCHOOL OF ---
INSTITUTE OF ---

DECEMBER,2018



APPROVAL PAGE

This is to certify that the research work, "the role and user of accounting information in nigeria banking industries" 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.


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ABSTRACT

An organization comprises of a combination of various information systems. These various information systems aid the collection of data that is necessary for management to prepare their financial reports that will aid decision making in order to achieve organizational goals and objectives. These systems are sometimes referred to as accounting systems. The type of accounting systems put in place will determine the quality of accounting information generated by such system. In this present day where users of financial statements require quality information to aid their investment decisions, there is the need to determine the impact of such systems on their performances. This study was embarked on to determine the impact of accounting information system on the performance of the banking sector in Nigeria with a particular focus on First Bank Nigeria Plc. Our major objectives were to find out the relationship between accounting information generated from the system with profitability represented by Return on Capital Employed (ROCE) and Earnings per Share (EPS). In order to achieve the objectives, we obtained secondary data from 2001 to 2010 from First Bank Plc and used regression analysis with e-view to analyze the data. The result of the findings shows that there is a positive relationship between Accounting Information generated from the system and Return on Capital Employed and Earnings per Share and a positive relationship between Net profit Margin and Dividend per Share. We recommend that managers should ensure adequate investment in their accounting information system to ensure that quality information is generated from their accounting system.

TABLE OF CONTENT
Title Page…………………………………………………………     i
Certification…………………………………………………….                  .ii
Dedication………………………………………………………       iii
Acknowledgement……………………………………………..       iv
Table of Content………………………………………………                  vi

CHAPTER ONE
INTRODUCTION
1.0    Background of the Study……………………………..                   1
1.1    Statement of the Problem……………………………..                  2      
1.2    Objective of the Hypothesis ………………………………….3    
1.3    Significance of the Study………………………………                 5
1.4    Scope and Limitation of the Study…………………..                   5
1.5    Organization of the Study…………………………….                   6
1.6    Definition of Terms……………………………………...        6

CHAPTER TWO
LITERATURE
2.0    Role of Accounting over the Year……………………..       8
2.1    Role of accounting in the Banking Industry……….           12
2.2    Stamp Duty Accounts…………………………………..       14
2.3    Expenses Concepts………………………………………    15
2.4    Accounting Concepts…………………………………….     17
2.5    Mainstreet and its Dissemination of Information                28
2.6    Types of Accounting Information……………………...       32
2.7    User of Accounting Information…………………........                  33
2.8    Historical Background of Mainstreet Bank                         34
2.9    Organization Structure of the Bank                                              36

CHAPTER THREE
RESEARCH METHODOLOGY
3.0    Introduction                                                                            41
3.1    Source of Data Collection………………………………..     41
3.2    Data Analysis                                                                        42

CHAPTER FOUR
PRESENTATION AND ANALYSIS OF DATA
4.1    Introduction……………………………………………….      44
4.2    Data Presentation ………………………………...               44
4.3    Data Analysis ………………………………….….                49
4.4    Tests of Hypothesis………………………………………     55
4.5    Discussion of findings…………………………………..       60

CHAPTER FIVE
5.0    Summary Recommendations and Conclusion………                61
5.1    Summary……………………………………………………   61
5.2    Conclusion………………………………………………….   62
5.3    Recommendation………………………………………….    63
5.4    References ……………………………………………………         65 

CHAPTER ONE
INTRODUCTION
1.0.  BACKGROUND OF THE STUDY
Accounting is so persuasive, and the understanding of its usefulness is desirable. It has been called the “language of business”. The history of accounting is an internal one the double entry book-keeping concept which is generally regarded as the genesis of accounting comes from the Italian city states of the fourteenth and fifteenth centuries. Book-keeping after the Italian fashion, then migrated to Germany to assist. The merchants of the tugger Era and the Asian league almost simultaneously. Some Duton business Pnilosophers Sharped ways of calculating period income and same Frenchmen also, made use of the whole system to government planning and accountability.
Not long, the double-entry accounting idea. The British worlds economic position in the seventeenth and eighteenth countries made one an ideal missionary on behalf of an account. Their influence spread the flag of accounting to North America and the British. Common wealth as it existed then. Dutch thus, carried the brand of accounting that they had developed at home to Indonesia and other places. Yet is serving people and organizations internationally.

1.1   STATEMENT OF THE PROBLEMS.
The shareholders of a firm entrust their resources in care of management and reported. These resources to be efficiently utilized.
At the end of every accounting year, a stewardship report is given to the shareholders inform of financial statement which shows the position of their investment.
Thus many research works have been carried out on Accounting information can be used by management to make decision in a banking industries

1.2   OBJECTIVE OF THE HYPOTHESIS
This study represents an attempt to isolate those aspects of accounting information and job performance which subordinate perceives as operative with in the Afribank plc management, the following are identified objective of the study.
i.        It will enable improvement of accounting information performance.
ii.       It will identify the types of accounting information styles that can lead to higher job performance
iii.      It will provide basis for improving on the job performance of accounting information.
The French made sure that polysia and French at mist rated territory in Africa use French accounting system and the German’s extended their accounting influence to nations like Japan, Sweden and Garisn Russia.
As the united state economic power grew during the first half of the twentieth country, she naturally developed similar sophistication in matters of accounting. Also business schools assisted in the development by nursing the conceptual dimension of accounting and having it recognized as an academic discipline in colleges and universities campuses. After the Second World War united accounting. Influence was felt almost throughout the western world especially in Germany and Japan. To a lesser extent, it was directly observable in Brazil, Israel, Mexico philippiness, Sweden and Taiwan. Also degree of similar influence in regional accounting development was felt e.g Accounting directives of the European common market and the companies law development for the fire nomadic countries.
Thus, in most individual countries accounting has become an intensely nationalist affairs, having national laws and professional regulation e.g. national Accounting Standard Board (NASB) in Nigeria.
1.3   SIGNIFICANCE OF THE STUDY
The project will identify the roles of accounting over the years. It will create awareness in the mind of the user and enlighten them on the uses of accounting information generated from financial transaction carried out in the banking industry for making various positions as shareholders, potential investors’ customers’ etc.

1.4   SCOPE AND LIMITATION OF THE STUDY.
This research is restricted to the importance of accounting information in the banking industries. Using Mainstreet Bank Plc as a case study to represent the banking industry. The problems that envisaged in thus research is unavailability of some data that might be necessary to carryout this work, this result not being able to obtain information declared “secret in the Bank”

1.5   ORGANIZAATION OF THE STUDY.
Thus project work is divided in to five chapters, the first chapter deal with the introduction Background of the study, statement of the problems objective of study, significance of study, scope and initiation of the study organization of the study and Definition of terms. Chapter two will examine literature review, chapter three deals with the research design, sources of data collection, chapter four shows the presentation of different banks offering to their customers.

CURRENT ACCOUNT
This is an account kept by a customer in the bank that is withdrawn able by cheque and analysis of data collected. Chapter five covers the summary, Recommendation and conclusion.

1.6   DEFINITION OF TERMS
i.      FINANCIAL STATEMENT
they are reports that summarize the business transaction of a specific time or period usually a year and it shows the financial positions of the business at time reports, also the operating resulting results by the business arrive at thus position.
ii.       ASSESTS
Are economic resources which are owned by a business and expected to benefit future operation
iii.     BALANCE SHEET
It shows the financial position of the business at particular data of transactions
iv       LIABILITIES
They are debts or obligations which the business owned and also is expected to pay back at a given period.
v.     INDUSTRIES

Is made up of a number of firms producing similar product or offering similar service e.g. textile industry made up

CHAPTER TWO: The chapter one of this work has been displayed above. The complete chapter two of "the role and user of accounting information in nigeria banking industries" is also available. Order full work to download. Chapter two of "the role and user of accounting information in nigeria banking industries" consists of the literature review. In this chapter all the related work on "the role and user of accounting information in nigeria banking industries" was reviewed.

CHAPTER THREE: The complete chapter three of "the role and user of accounting information in nigeria banking industries" is available. Order full work to download. Chapter three of "the role and user of accounting information in nigeria banking industries" 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 role and user of accounting information in nigeria banking industries" is available. Order full work to download. Chapter four of "the role and user of accounting information in nigeria banking industries" 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 role and user of accounting information in nigeria banking industries" is available. Order full work to download. Chapter five of "the role and user of accounting information in nigeria banking industries" consist of conclusion, recommendation and references.

 

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