The Role of Accountant in the Economic Development of Organization.
ABSTRACT
The main purpose of this project is to find out the role of accountants in the economic development of Nigeria with particular reference to the Nigeria Bottling Company Onitsha. The Role of accountants in the management of business organizations varies and highly challenging.
The accountants who make use of the concepts and principles of account concerns themselves with the recording, analysis, directing, and co-operate of the preparation of forecast, budget, and other financial plans.
Since the work of accountants has been identified as a necessity in the economic development of Nigeria, NBC in particular, this research is tailored towards identifying and recommending appropriately, the salient things which all users of accounting information must watch out for in all matters concerning the improvement of their organization.
In all, hypotheses were formulated based on the specific components or facts of the accountants in NBC Onitsha and some final year students. Accounting-related information was collected through a review of relevant literature. From these, a questionnaire was designed and distributed to 50 employees of Nigeria Bottling Company Onitsha and 30 final years of accountancy students.
Out of these a total of 30 and 10 respectively were recovered. A careful analysis of the responses revealed that accountants have a great significant role in the economic development of Nigeria.
As a result of these findings of recommendations, organizations are advised to make the best use of accountants in their daily financial transactions in order to sustain the life of their business and forestall available misuse of funds and resources.
To this effect, it is very expedient to employ well meaningful accountants in all organizations, Nigeria Bottling Company in particular to ensure effective growth and development of our economy as a whole.
TABLE OF CONTENTS
Dedication iii
Abstract ix
CHAPTER ONE
1.0 Introduction 1
CHAPTER TWO
2.0 Literature Review 15
2.1 Preamble or Introduction 15
2.2 Theoretical/Conceptional frame work 16
2.3 Current Literature based on the variable 20
2.4 The need for Accounting Information to be
kept in the economy and then based on the variable 26
2.5 Summary of the literature review 30
CHAPTER THREE
3.0 Research Methodology 32
3.1 Research Design 32
3.2 Area of study 33
3.3 Population of study 34
3.4 Sample of study 34
3.5 Instrument of data collection 35
3.6 Validation of the instrument 36
3.7 Distribution and retrieval of instrument 37
3.8 Method of data analysis 38
CHAPTER FOUR
4.0 Data Presentation and Analysis 39
4.1 Finding 49
4.2 Presentation and Distribution of the finding 51
CHAPTER FIVE
- Summary, Conclusion, and Recommendation 53
- Summary of the finding 53
- Conclusion 54
- Recommendations 56
- Limitations of study 57
- Suggestions for further research 58
Reference 59
Appendix 61
Questionnaires 62
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Role of Accountant in Economic Development of Nigeria, it has to do with the role in which Accountant plays in the Economic Development of Nigeria.
The concept of Economic Development has to with innovation and improvement in the quality of life of the people it is about the sustained rise in the standard of living of the people over time, whether in advance or less developed countries, nations, government superiors state of affairs or superiors they currently enjoy.
To achieve this, deliberate efforts are to be made in other to implement people-oriented Policies that would raise their capacity to produce and earn more. This will manifest in the form of growth in the gross domestic product (GAP) of the economy, and extension improvement in the size of per capita income.
When this occurs on a sustained basis with a positive impact on the citizens, quality of life. Development is said to have taken place.
Since 1960 when Nigeria gained its independence, for instance, the place of economic growth and development has not yet met the aspiration of the founding fathers of the nation in spite of the many developments and rolling plans that have been meticulously drawn up by the government.
Although a lot of resources have been committed to the development of some economic projects, the results have been dismal. In fact, that the Nigerian economy is presently in a quagmire, is enough evidence of the failure of past efforts to pull the nations up by its bootstrap through the instrumentality of development and rolling plans.
Thus:- the basic thrust of development policies, in a less developed country like Nigeria is to provide as many people as possible with the means of overcoming the helplessness and misery arising from a lack of food, health, education, security of life and property which pose serious challenges to their longevity.
Here lies the justification for the choice of topic which seeks to consider the role of accountants in economic development.
Firstly, an accountant is a person skilled in keeping, examining, recording, or inspecting the accounting of an organization or a nation. Accountants play a very vital role in the development of Nigeria’s economy.
They also contribute efficiently to the development of some business organizations in Nigeria example (Nigeria Bottling Company). The role of accountants can never be looked down on if the aim and purpose of the country are to be achieved.
REFERENCES
Agbebuyi H. A (2000): “The Role of Accounting Profession Nigeria Development. Journal of the Institute of Chartered Accountant. Vol. 33 pg. 4.
Aneo, A.B. (1991), “Dearth of Accountant Worries Dan” Daily Champion. Tuesday May 14th page 2.
Charles Magee, .R. (1971), Accounting Gee and Co. London Publisher Limited. Page 41. No 4.
Lewis Brown, J. and Haward Lesuse, .R. (1979), “Principle and Practice of Manager Accounting” London MacDonald and Evan Limited.
Nwafor William, .I. (1997) “The Role of Account in the Development Institution in third World Accounting Journal” Vol. 1, page 3.
Oshagbent, T.A. (1983), “Small Business Management in Nigeria”. Onitsha: Hongkong February Publisher Limited. Page 8. No. 4.
Thacker, .R.J. (1977) “Introduction to Modern Accounting. Pertical Hall Book. Page 2.
Be the first to comment