Monday, 11 July 2016

ACCOUNTING INFORMATION SYSTEM AS A MEANS OF ENHANCING FINANCIAL MANAGEMENT OF TRANSPORT COMPANY


Accounting information system in a transport organization has been a great problem to the third world countries in general, which Nigeria as a country has its own share. This research work, “Accounting information system in a transport  organization,  suggests  ways  of  minimizing  the  effects  of  the problems  of  inefficient  accounting  information.  It  is  believe  that  an improvement in this regards will enhance the performance of the corporation. To enable the researcher find solution to the problem of this study, some questions  were  raised  in  the  form  of  hypotheses,  which  were  developed comprising  the  null  and  alternative  hypotheses. 

The  methods  of  data collection were primary and secondary data method. The data collected were analyzed by use of simple percentages while chi-square was used to test the hypothesis formulated for validity. Findings show that accounting information is an indispensible tool in the management of Nigeria Railway Corporation and  the  activities  of  unqualified  and  incompetent  accounting  officers  are responsible  for  the  performance  of  the  accounts  departments  in  Nigeria Railway Corporation. Based on the findings, the researcher concludes that the accountant should put more efforts especially when computing the financial statement  since  accounts  fraud  result  from  ignorant  of  proper  accounting procedures.  Since  the  financial  statement  are  sources  of  document  of accounting information, efforts should be made in generating more relevant, timely,  effective  and  accurate  accounting  information  necessary  for prevention or detection of fraud.

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