An Analysis Of Accounting System Procedure And Its Important In Mass Media Organization

Download complete project materials on An Analysis Of Accounting System Procedure And Its Important In Mass Media Organization from chapter one

ABSTRACT

As a matter of fact, the accounting system procedure and its important in an organization can not be over-emphasized, this is because accounting system has perform a very crucial role in improving organization objective.

Accounting in this research work has employed researcher in going-extra miles to critically examine the importance which it may bring about in an organization. It can be said that the success of any organization depend on its financial statement.

This research studies was however, carried out to find out the analysis of accounting system procedure and it’s important in mass media organization.

In view of this project, literature review was taking from different scorer, the researcher designed questionnaire which were analyzed using chi-square at the degree of freedom and 5% level of significance.

It is therefore recommended that the management of Mass Media organization should make finding on the analysis of accounting system procedure and its importance for a cognizance reason.
TABLE OF CONTENTS

CHAPTER ONE

Introduction

General background of the study

Statement of the problem

Purpose of the study

Statement of the hypothesis

Significant of the study

Definition of unfamiliar terms

Scope and limitation of the study

Reference chapter one

CHAPTER TWO

Literature review

Theories relevant to the research question/ accounting theory

Accounting process

General accepted accounting principle

Accounting debit and credit

The Journal

Importance of accounting in mass media organization

Reference chapter two

CHAPTER THREE

Research methodology

A brief outline of the chapter

Population and sampling size

Sampling design and procedures

Source of data collection

Method of data collection

Statistical tool for testing hypothesis

CHAPTER FOUR

Analysis and interpretation

A brief introduction of the chapter

Data analysis

Interpretation of data

Hypothesis testing

Chapter five

Summary, conclusion and recommendation

Summary

Conclusion

Recommendation

References chapter five

CHAPTER  ONE

1.0   INTRODUCTION

 Accounting is said to be method of communicating in any business organization, in any kind of business organization accounting is used to quantify the transaction involved, in whatever way, accounting extents beyond the actual recording of transaction, if includes the using of these records, their analysis and interpretation.

Inadequate accounting records have been one of the major causes of business failure in any organization either profit or non-profit oriented, There supposed to be a great need for the existence of proper accounting records.

Administration and continuous existence of any organization is influenced be the type of business system adopted by such organization in the preparation of its accounting records. This is because organization where the method of their accounting system shall reveal the future losses will not attract many intending and other interested parties to investing.

Therefore, potential investors and other interested parties needs to know from time to time what the progress of the organization have been towards its objective of earning profit as well as what its fullness of this information is that it serve as a check upon the past performance of organization as a due to what is likely to happen in the future.

Furthermore, effective accounting system in an organization also contribute greatly to the financial position of the organization because other interested parties like the banks and suppliers of goods and services will want to know the financial standing of such organization before deciding whether to extent credit to them or not; if yes, what amount?

And under what temrs? Liquidity has been the primary focus of the investors. The ability of the organization to convert its properties into money up on short notice without losses and solvency i.e. its ability to pay debt, they observed closely, tend of income overtime, this is done so as to estimate the degree at liquidation and solvency of the organization at a future dates.

More so accounting techniques and procedure are generally linked to the business concern. It is however relevant to bring out the importance of accounting as an all purpose mechanism of effective and   efficient management of resources and reporting on the use of the resources.

It is well known from the fact that accounting department is the most important section in an organization because the ultimate aim of any business organization is basically to make profit. It is the account department that predict the going on of the business.

Employee of any organization are also much concerned with the accounting system procedure of their organization, since they have an important says in the finance of their organization. They are interested in being assured of steady payment by a financially sound employer.

1.1   GENERAL BACKGROUND OF THE STUDY

Accounting system and its principle has been in existence for a long period of time dates back to the 14^th century due to its effectiveness in an organization both profit making and non-profit oriented.

Accounting system in an organization is very essential in the activities or the transaction involved by the organization. For an organization to be efficient and effective towards their objectives accounting system procedure must not be expected.

According to Robert O. Igben, Accounting is the processes of recording, classifying, selecting, measuring and communication the financial data of organization to enable the users make assessment in the financial transaction of an organization.

With this proceduress of the accounting of system in a mass media organization it will help the goals and the aims of the organization to be achieved.

Any mass media organization that will be more effective and efficient in their transaction activities must not ignore the accounting procedures of recording, classifying, selecting and communication of their financial activities. Accounting system also served as the control system of an organization financial activities for the survival and the continuity of the organization.

1.2  STATEMENT OF THE PROBLEM

This study is specially undertaking to examine the contribution and usefulness of accounting system in mss media organization.

Despite this fact, there is still some problem that hinder the accounting system.

Does accounting have any importance?

Whether accounting can serve as a control of measure?

Whether the organization is operating at profit?

Is there any establishment of standard in accounting system in decision making?

Whether the organization wind-up owing to lack of fund?

1.3   PURPOSE OF THE STUDY

        The project work takes a cursory look on accounting system in Mass media organization. Therefore, the purpose of the study include the followings:

To highlight the function of an accountant

To enumerate the reasons why accounting an serve as a control measure

To show that the organization is operating at a profit.

To examine the establishment of standard in accounting in decision making.

To examine why the organization will not wind-up

To highlight the importance of an accounting system with regards to its procedures.

1.4   STATEMENT OF THE HYPOTHESIS

Hypothesis is developed and test to ensure a more effective and result oriented research work. The following hypothesis were formulate for testing in the study.

Hypothesis one

Ho:   That accounting income serve as a measure of deficiency

Ha:   That accounting income does not serve as a measure of deficiency.

1.5   SIGNIFICANT OF THE STUDY

The research has shown that accounting play vital roles in mass media organization. Accounting is very important to every business sectors either private or government sectors.

Accountant help to record analyzed, summarized, communicate and interprete the financial information in an organization in order to achieve it goal.

The significant of the study is that, it help the accounting department in media organization of the case study to solve the likely problem, they are face in deciding, weather the organization is making profit or not; and whether accounting can serve as a control measure in the organization. And to highlight through importance of an accounting system with regard to its procedures.

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