ACCOUNTING SYSTEM IN AN OIL INDUSTRY (A CASE STUDY OF SHELL PETROLEUM DEVELOPMENT COMPANY

ABSTRACT This oil industry in Nigeria has grown tremendously since its discovery in 1908. it  has become a  major source of revenue and foreign exchange earner for the country. Accounting for over 90% of total revenue of into nation. This write up which has been divided into five chapters including the introductions, which later the documentation of transactions and preparations of the financial statement in this industry with particular reference to shell petroleum Development company of Nigeria Limited.   The second chapter which is the literature, review, covers the contents of the financial statement and the underlying assumption, made classification of costs and methods of accounting, made in its presentation. It also dealt with my case of study shell petroleum Development company of Nigeria limited; its historical background, organization structure and mode of records keeping. The third and fourth chapters are about the methods of research sources analysis of the data.    TABLE OF CONTENT Title pageii Approval pageiii Dedication iv Acknowledgement v Abstractvi Proposalvii Table of contentsviii
CHAPTER ONE  1.0Introduction1 1.1History of the study an overview1 1.2Statement of the problem4 1.3Objectives of the study 5 1.4Relevance of the study 6 1.5Problem analysis7 1.6Hypothesis8 1.7Scope of the study9 1.8Methodology9 1.9Definitions of terms 10
CHAPTER TWO:  Literature Review 11 2.1Definition and explanation of accounting 11 2.2Explanation of accounting system14 2.3Model of accounting  17 2.4Classification of costs 22 2.5Methods of accounting 26 2.6Financial statement discourses in accounting  system of an oil industry 33 2.7Historical back ground of shell 43 2.8Nature of business 48 2.9Organization structure 48 2.10Accounting system maintained by the company 55 Reference 59
CHAPTER THREE:  Research Methodology 60 3.1Introduction 60 3.2Sources of data 3.3Method of data collection 61 3.4Selection of sample size 62 3.5Sample size 62
CHAPTER FOUR:  Data Presentation and Analysis 63 4.1Research data63 4.2Limitations of study 64
CHAPTER FIVE:  Summary Conclusion and Recommendations69 5.1Objectives 69 5.2Conclusion 70 5.3Recommendations 71 Bibliography72 APPENDIX: Interview Schedule 74 Specimen Balance sheet  Of S.P.D.C Ltd