This research topic is the most of auditing in fraud prevention and control in an organization. Nigerian Bottling Company plc is chosen as a case study. The research topic has been chosen in order to investigate. Among the objectives of this study is to identify the factor responsible for weak internal control in an organization in Nigerian bottling company plc, both primary and secondary sources of data are used in gathering the data, hypothesis were formulated and Hi was accepted and the resea... read more

The fact that there was an entry has been found the purchase of asset and which 'entry has been to be correctly recorded is not proof that the assets is in possession of the concern at the date of the balance sheet. It is possible that after the asset has been acquired and the necessary entries made in the books of accounts, that asset might have been disposed off pledged or mortgage but no entry has been made regarding these facts in hence, the objects of verification of assets is the satisfact... read more

Petroleum is presently one of the most important and valuable natural resources of Nigeria. It is exploited in many ways that maximizes its benefits to the nation. Nigeria receives a fair share of profits derived by the mineral companies while also offering stable and attractive terms to investors. According to Nigeria Extractive Industries Transparency Initiative (NEITI), in 2011, Nigeria is among the largest oil producers in Africa and among the top ten globally. The country has pumping capaci... read more

Banks have been accused of taking two much risk in unexpected new environments and lines of business. The advice being given is for the banks to avoid further in exposure by threatening to move tradition that will understand the activities banks, however are being charged by their shareholders to maximize holder’s wealth overtime. To achieve this goal, banks must search out for opportunity in the financial market and loan to manage risk by implementing more systematic system of risk control. A... read more

The essence of budgeting is to provide an essential element of control in an organization in order to facilitate the achievement of set objectives .The control process is the fundamental organization link between the manager and the other people in an organization in a non profit making organization output various with the objective with which they were established. The objective of public organization could be social and or development in nature . however this does not means... read more

The success of a business is generally attributable in great measure of the ability of its management personal to cope with probable conditions of the future. Short range as well as long-term plans must be made accomplished through sound management evaluation. However, many aids have been controlling and co-ordinating the function of their business. One of the tool which encompasses vital and needed information in guiding companies profit path is the Break-Even theory. This is an extension ... read more

The basic economic problem that confronts an under developed or a developing country and especially the new independent ones is how to attain within a relatively short period, a notable increase in the rate of economic growth which is envisaged will bring it to the level of perpetual real income comparable to those of more admired economics of the world. In order to attain this oval, the country would have to ; 1.provide those basic government services especially in education, public health ... read more

In most developing countries including Nigeria, government participation in economic activity is usually significant. One of the ways through which government has intervened in Nigerian economy is through the establishment of public enterprises and statutory bodies operating services of an economic or social character on behalf of the government. Since the colonial era, especially after independence in 1960, Nigerian public enterprises have witnessed a steady growth unit recently. Its Olisa... read more

The purpose of this study is to explore Cost and Management Accounting Practices utilized by Organizations. The findings are expected to contribute to the existing literature about the subject, especially in developing markets. At the heart of nations’ economic success or failure is the performance of individual businesses, which itself reflects the quality of decisions made by businessmen. To make decisions, businessmen require information, including accounting information. Despite the lac... read more

Cost Accounting Information helps Management in making suitable decisions such as to make or buy, replace manual labour by machines, shut down or continue operations based on cost reports. (Vishnani, Shah 2008). In the modern business world, the nature and functioning of business Organizations have become very complicated. They have to serve the needs of variety of parties who are interested in the functioning of the business. These parties constitute the Owners, Creditors, Employees, Governm... read more

Cost Accounting Information helps Management in making suitable decisions such as to make or buy, replace manual labour by machines, shut down or continue operations based on cost reports. (Vishnani, Shah 2008). In the modern business world, the nature and functioning of business Organizations have become very complicated. They have to serve the needs of variety of parties who are interested in the functioning of the business. These parties constitute the Owners, Creditors, Employees, Governm... read more

A budget is a financial and a quantitative statement prepared prior to a defined period of time of the policy to be pursued for the purpose of attaining a given objective. Also according to A.U. Nweze (2004) in his profit planning. Budget is a plan quantified in monetary terms, prepared and approved prior to a defined period of time, usually showing planned income to be generated and or expenditure to be incurred during that period and the capital to be employed to attain a given... read more

In the early civilization, the method of recording accounts were so crude and the numbers of transaction to be recorded were small and as such every individual was able to put down all his transaction. As man became more civilized, system of checks were applied to their public account thus increasing the need for some system of checks upon persons, whose business was to record the receipt of disbursement of money on behalf of others. The ancient records of auditing are continued principally t... read more

Financial irregularity is a severe problem of concern globally. It is the major concern to developing nations. It is so endemic that fraud and corruption is gradually becoming a normal way of life. Financial irregularities are so common that almost every individual cannot wash his or her hands, clean of it, starting from the public sector to the private sector; from the presidential villa of the nation, down the political office—holding ladder, to the ward councilors; from managing directors o... read more

The purpose of this research work is basically to explain the accounting procedure in a hotel. For a proper understanding of the study, it is wise to first of all explain the meaning of hotel. Thereafter, the meaning of accounting will also be looked into in a separate term. Also, the meaning of accounting procedure will be observed, then, accounting procedure in relating to hotel firm will be explained. For a proper understanding, Royal Marble hotel Benin City was used as a case study. Ho... read more

Listed companies use financial statements as one of the major medium of communication with their stakeholders. Therefore, stock market regulators and accounting standards setters try to improve the quality of financial statements in order to increase the transparency level in financial reporting. (Vishnani 2008). Accounting plays a significant role within the concept of generating and communicating wealth of the companies. Financial statements still remain the most important source of externa... read more

In public sector accounting, Resources Accounting (RA) is the application of accruals accounting for reporting on the expenditure of government and a framework for analyzing expenditure by departmental aim and objectives, relating these to outputs where possible. The public sector is more and more affected by significant reforms in the public accounting system in the international context. The aim of the public sector reforms is to overcome bureaucratic obstacles so that managers can use t... read more

Every business organization whether in the public or private sector is established to achieve certain objectives. This could be profit maximization as in the case of the private sector or efficient and timely provision of essential services at a reduced price, as in the case of the public sector. The performance of such business organization has to be reported in monetary terms to the owners of the business. (For example, shareholders in the case of private organization or the government as ... read more

Accounting can be defined as an act recording classifying, summarizing and reporting of business transaction for preparation periodic statement of performance and caused to provide information to management for decision making. It’s an act of controlling a business by keeping records, preparing form those records certain statistics called ‘ accounting ration” and using those rations to detect financial difficulties before they become serious and uncontrolled so that certain measures m... read more

Cost accounting is considered as the managerial planning and control activities furnishing management with the necessary accounting tools to plan, control and evaluate operation. The term cost accounting as however published by the institute of cost and management accountant is define as “the application of costing and cost accounting principles, methods and techniques to the science art and practice of cost control and the ascertainment of profit”. It includes the presentation of informatio... read more