Criticism of accounting information system in Nigeria Railway Corporation Enugu

Get Complete Project Material File(s) Now! »

EXPENDITURE CHECKING SECTION

This section deals with all accounts section and officers where payment of the corporation money is recorded and authorized, it shall also deal with all departmental accounts officer where recording and authorizing of finance to pay for any service rendered to the corporation. The approved estimate book shall the primary document for all accounts staff to check and authorize any expenditure out of corporation funds. It is however not enough to certify that the sub-head changed on any payment voucher exist; it must also be certified by an authorized officer who shall be required to sign in full printing his name and designation. It must be ensured that funds are available under the sub-head quoted the managing director shall from time to time make rules and regulation governing the financial privilege rights and obligation of the corporation to member of staff private parities etc. who shall be connected in one way or the other, the day to day efficient operation of the railway system. The document shall include:
a. List of approved designation and salary grading for all senior and junior staff.
b. Regulation on allowance and fee.
c. Delegation of power from the managing director to the heads of the department.
d. Delegation of power from the managing director to railway directors.
e. Standard condition of services for all senior and junior staff.
Document supporting payment of corporation funds may be manually or mechanically prepared. All cleans against the corporation must be scrutinized with a view to ensuring that the expenditure or remission of revenue has been sanctioned by competent authority and that the expenditure is incurred by an officer competent to do so, that the expenditure does not contrivance any rules and general orders issues by competent authority that the expenditure has been properly and fully vouched and that payment has been so recorded as to render a second claim in the same account impossible that the charge is delectable it’s the other individual or a recoverable from him under any rule or order it is recorded as such in prescribed account that the expenditure sectioned for limited period is not admitted beyond the period without further sanctioned that the expenditure incurred is in conformity with standing regulation order and section. There are forms and record for preparation of salaries ways allowance etc. of corporation funds. They are the only forms that should be used in recording transaction resulting or which may likely result into authorizing the payment of corporation funds, additions may be authorized by managing director on the recommendation of the director of finance from time to time.

SUMMARY OF FINDINGS

To make the accounting system in the Nigerian railway corporation Enugu more relevant, the researcher observed the following findings which will be the laid down rules and procedures that will guide the management in prevention of fraud and to that the accounts, show true and fair view. From the research work revealed, the researcher observed that the majority the respondent 64% view that the activity of unqualified accounting officers are responsible for the poor accounting information in the above organization. The absence of computer affect the accounts department in many ways, such and in the problem of double counting, according the number of respondent, 55% who were interviewed, said that the organization is lacking of computer and that it contributes in making the account not to show true and fair view.
The corporation does not organize training for the accounting department, with the information gotten from the respondent 59% strongly disagree against 41% that the corporation does not organize periodic training for the accounts department. The researcher also observed that the accounts department does not corporate with the other department; with the analysis of the respondent 68% agree that there are no cordial relationship among the accounts department and other department in the Nigerian railway corporation Enugu. In the area of working environment, 75% respondent said that account department staff does not work under a conducive environment.

READ Tick-borne encephalitis virus

CHAPTER ONE
1.0 Introduction
1.1 Background of the study
1.2 Statement of problem
1.3 Objective of the study
1.4 Research questions-
1.5 Hypothesis of the study
1.6 Significance of the study
1.7 Scope and limitation of the study
1.8 Definition of terms
CHAPTER TWO: LITERATURE REVIEW
2.1 The concept of accounting information system-
2.2 The importance of accounting information
2.3 The users of accounting information
2.4 Criticism of accounting information system in Nigeria Railway Corporation Enugu
2.5 The output of an information and the users
2.6 The outline of the information generation process and source document
2.7 Application of computer system
2.8 Accounts department in the Nigeria Railway Corporation Enugu
2.9 Functions of the accounts department
2.10 Officers of the accounts departmen
2.11 Accounting officers and heads of departmen
2.12 Disagreement between accounts officers and heads of department
2.13 Accounting system in Nigeria Railway Corporation
2.14 Capital expenditure budgeting
2.15 Expenditure checking section
Reference
CHAPTER THREE: RESEARCH DESIGN AND METHODOLOGY
3.1 Research design
3.2 Sources of data
3.3 Research instrument-
3.4 Reliability and Validity of research instrument-
3.5 Population
3.6 Sample size/ techniques
3.7 Administration of research instrument
3.8 Method of data analysis
3.9 Decision criterion for validity of hypothesis
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1 Data presentation
4.2 Testing of hypothesis-
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1 Summary of findings
5.2 Conclusion
5.3 Recommendation
Bibliography