IMPROPER ACCOUNTING SYSTEM: A CAUSE OF NON-PERFORMANCE IN INDUSTRIES

1.0INTRODUCTION
Any organization, manufacturing or non-manufacturing that knows its owns requires an effective accounting system for its continuous existence.  We have in the post head of firms that folded up due to one reason or the other.  When properly investigated as to what brought about its folding up, one may not be surprised that it was due to negligence in operating an affective accounting system.
Every manufacturing / non-manufacturing industry needs an effective proper accounting system to determine industry needs on effective proper accounting system to determine the profitability position at least to break even.  The shoreholder is interested in seeing his invested funds, yielding returns.  The creditors want to be sure that his money lent to the company is not squandered.  Also the tax authority relies on this system to asses such company’s tax liabilities.
TABLE OF CONTENTTITLE PAGEi
APPROVAL PAGEiiDEDICATIONiiiACKNOWLEDGEMENTivTABLE OF CONTENTv
CHAPTER ONE1.0Introduction1.1Objective of the study1.2Significance of the study1.3Research question1.4Definition of terms
CHAPTER TWO2.0Review of literature2.1Concept of accounting2.2Accounting as a system2.3Sound accounting system2.4Purpose of an accounting system2.5Principles and concepts of accounting system2.6Relevance of an adequate / sound accounting system2.7Neat / Advantages of computerized accounting system over moral system
CHAPTER THREEFINDINGS, CONCLUSION, SUMMARY AND RECOMMENDATION3.0Findings3.1Conclusion3.2Summary3.3RecommendationBIBLIOGRAPHY