THE IMPACT OF ACCOUNTING ON THE GROWTH OF COMPANIES (A CASE STUDY OF PAL BREWERIES LIMITED)

ABSTRACT This study is aims at knowing the extent to which the impact of accounting have actually enhanced the growth of Pal breweries Ltd, Oko. To determine how accounting plan helps to achieve a particular purpose for the growth of companies, to enable the accounting to effectively involve in the entire extended companies, to take a long-term view of the company strategies and actions. The population includes the managers and Accountants of some industries in Anambra State, while the assessable population is the Accounting officers and other staff of PAL Breweries Ltd, Oko. The method used in data collection is both interview and questionnaire while the method used for testing the data is chi-square (X2). The researcher found out that a good planner is a good achiever, therefore for organization to succeed, it must adopt good plans. However, good plans cannot be made unless a good system of account is involved which says that for every credit entry, there must be a corresponding debit entry. This implies that good plans cannot be made unless a good account prepared in accordance with the accounting principles and concepts is being kept. A lot of firms have folded up and some crippled financially due to fraud which can only be averted through keeping a good account. PAL Breweries employ the service of both the internal and external Auditors. They use management, financial and cost Accounting in their business dealings. In line with the findings, it was recommended that developing industries should adopt the three Accounting system namely; financial, management and cost Accounting. Management should allow their auditors to be independence. 

  TABLE OF CONTENTS Title page---------------------------------------------------i Approval Page----------------------------------------------ii Dedication--------------------------------------------------iii Acknowledgement------------------------------------------iv Table of contents-------------------------------------------v-xi Abstract------------------------------------------------------xii
CHAPTER ONE INTRODUCTION-------------------------------------------------1-3 1.1Historical Background -----------------------------------3-4 1.2Statement of the problem---------------------------------4 1.3Objective of the study--------------------------------------5 1.4Research Questions----------------------------------------5 1.5Hypothesis--------------------------------------------------6 1.6Significance of the study----------------------------------7 1.7Scope of the study-----------------------------------------7-8 1.8Summary of Methodology----------------------------------8 1.9Definition of terms---------------------------------------8-10 1.10References---------------------------------------------------11
CHAPTER TWO LITERATURE REVIEW----------------------------------------12 2.1Introduction---------------------------------------------11-14 2.2Effects of good accounting system on the growth of an industry----------------15-19 2.3Importance of good accounting system------------19-21 2.4Qualities of accounting system----------------------22-24 2.5Auditing, Management and Data Processing-----24-29 References-----------------------------------------------------30-33
CHAPTER THREE Methodology 3.1 Research------------------------------------------------------34 3.2 Sources of Data Collection/Description of Questionnaire-------------------34-35 3.3 Research Population----------------------------------------35 3.4 Method of Sampling-----------------------------------------35 3.5 Description of Questionnaire------------------------------36 3.6 Method of Data Analysis----------------------------------36 3.7 Statistical Test for Hypothesis-------------------------37-38 References---------------------------------------------------------38
CHAPTER FOUR 4.0 Data presentation and analysis------------------------40-47 4.2 Test of hypothesis----------------------------------------47-52 4.3Summary of Findings----------------------------------52-53 References---------------------------------------------------------54
CHAPTER FIVE SUMMARY, CONCLUSION AND RECOMMENDATIONS 1.1Summary------------------------------------------------55-57 1.2Conclusion----------------------------------------------57-58 1.3Recommendations--------------------------------------58-60 References-----------------------------------------------------60-62 Magazines and Journals----------------------------------------63 Lecture notes-----------------------------------------------------64 APPENDIX A------------------------------------------------------------65 APPENDIX B---------------------------------------------------------66-67