AN APPRAISAL OF ACCOUNTING SYSTEM IN THE PUBLIC SECTOR (A CASE STUDY OF BOARD OF INTERNAL REVENUE ENUGU STATE) BY EMEODI FERDINAND .C. ACC/2006/241 DEPARTMENT OF ACCOUNTNACY FACULTY OF MANAGEMENT AND SOCIAL SCIENCE CARITAS UNIVERSITY AMORJI NIKE ENUGU STATE JULY‚ 2010. An Appraisal of Accounting System In the public Sector (A case study of board of Internal Revenue Enugu State) By Nnamani Ugochukwu J.c. Acc/2006/241 Department
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AN APPRAISAL OF ACCOUNTING SYSTEM IN THE PUBLIC SECTOR CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY History has it that the concept of accountability of public funds dates backs to the history of ancient Greece. As old as theory is‚ it would not be erroneous to say that the idea has been equally lost to antiquity although not much is known about it‚ this makes the subject‚ government accounting to remain a myth. Accounting in the public sector has received such a wide attention from
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Government system & procedures 1. Financial procedure a. Federal Constitution - framework b. Financial Procedure Act (FPA) 1957 - power to enact c. Audit Act 1957 - provisions for audit d. Treasury Instructions - rules approved & document e. Treasury Circulars - new rules f. Government Accounting Standard (PPK) - standard & basis g. International Public Sector Accounting Standard (IPSAS’s) - standard by IFAC for global 2. Non-financial procedure Financial Provisions of the Federal Constitution
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Banks are basically service-rendering institutions. The existence and success of banks depend on their ability to meet the various needs and wants of the customers. The new millennium has brought with it challenges as well as opportunities in various fields of economic activities including banking. The banking sector in India has undergone several changes in the areas of prudential‚ regulatory‚ disclosure and supervisory norms. The financial reforms launched during the early 1990s have dramatically
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Financial Performance The table below shows that the analysis of financial ratios. Types of Ratio Sub Ratio Perbadanan Kemajuan Negeri Kedah (PKNK) Syarikat Air Darul Aman (SADA) Liquidity Ratio Current Ratio 2.19 times - Quick Ratio 2.04 times - Cash Ratio 0.343 times - Efficiency Ratio Working Capital RM 189‚278‚871 RM 120‚434‚000 Inventory Turnover 1.3 times - Total Assets Turnover 0.078 times - Profitability Profit Margin 36.8% 7.94% Operating Margin 45
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present age‚ accounting seems to be an indispensable tool for modern business activities. However‚ not only for the profit orientated commercial business‚ it also plays an important role in the non-profit profit organizations‚ such as public sectors. Moreover‚ due to several deficiencies and drawbacks of government accounting and financial-management systems‚ such as unclear accountability‚ poorly maintained assets and hided losses and long-term liabilities‚ reforms in the public sector have been conducted
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PRIVATE SECTOR VS PUBLIC SECTOR ACCOUNTING STANDARD 1. INTRODUCTION The global financial crisis has demonstrated that the public sector as well as the private sector needs the highest quality accounting standards. Around the world‚ accounting in the public sector is practiced in diverse ways and struggles to achieve comparable standard in accountability and transparency. The Securities Act of 1933 gave the commission the authority to prescribe accounting standards to be followed by the companies
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of Contents Chapter 1: Introduction 2 Background 2 Overview of topic 5 Significance Of the study: 10 Research objectives: 11 Operational Definitions 11 Problem statements 17 Research Questions and Hypothesis 18 Theoretical frameworks 21 Chapter 2: Literature review: 21 Chapter 3: Methodology 30 References 32 Chapter 1: Introduction Background Human Resource Management (HRM) is the term used to describe formal systems devised for the management of people within an organization. These
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Bibliography: 5. Koeve‚ Petya. (2003): “The Performance of Indian Banks during Financial Liberalization.” IMF working Paper No. 03/150. 6. Mohan R. (2002): “Deregulation performance of Public sector Banks”‚ Economic and political weekly‚ issue on Money‚ Banking& finance‚ Feb.‚ p.393. 7. Sarkar‚ Subrata‚ Jayati Sarkar and Sumon K. Bhaumik. (1998): “Does Ownership always Matter? Evidence
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UNIVERSITY OF MUMBAI STUDY OF PERFORMANCE APPRAISAL SYSTEM OF HDFC BANK BACHELOR OF MANAGEMENT STUDIES TYBMS(2010-2011) SUBMITTED IN PARITAL FULFILLMENT OF REQUIREMENTFOR THE AWARD OF THE DEGREE OF BACHELOR OF MANAGEMENT STUDIES BY SHIVRATRI VINAYAK BHUMAIYA ROLL NO.31 GURU NANAK COLLEGE OF ARTS‚ SCIENCE AND COMMERCE GURU TEGH BAHADUR NAGAR‚ MUMBAI-400037 DECLARATION I Mr.SHIVRATRI VINAYAK BHUMAIYA THE STUDENT OF BACHELOR OF MANAGEMENT STUDIES (2010-2011) HERABY DECLARE THAT
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