WeCreativez WhatsApp Support
Welcome to Projects Ng Support
if you need help simply reply to this message, we are online and ready to help.

THE EFFECT OF ACCOUNTING INFORMATION IN PUBLIC CORPORATION (A CASE STUDY OF NNPC, ILORIN)

About This Project

Download the complete accounting project topic and material (chapter 1-5) titled THE EFFECT OF ACCOUNTING INFORMATION IN PUBLIC CORPORATION. See below for the abstract, table of contents, list of figures, list of tables, list of appendices, list of abbreviations and chapter one. Click the DOWNLOAD NOW button to get the complete project work instantly.

 

PROJECT TOPIC AND MATERIAL ON THE EFFECT OF ACCOUNTING INFORMATION IN PUBLIC CORPORATION

The Project File Details

  • Name: THE EFFECT OF ACCOUNTING INFORMATION IN PUBLIC CORPORATION
  • Type: PDF and MS Word (DOC)
  • Size: 54.1kb
  • Length: 62 Pages

 

TABLE OF CONTENT

Title Page

Certification                                                              i

Dedication                                                                ii

Acknowledgement                                                     iii

Table of contents                                                      v

CHAPTER ONE

INTRODUCTION

1.1   Background of the Problem                                1

1.2   Statement of the Study                                     3

1.3   The Purpose of the Study                                 5

1.4   Significance of the Study                                  6

1.5   Scope of the Study                                            6

1.6   Research Hypothesis                                        6

1.7   Definition of Terms                                           7

1.8   Plan of the Study                                              8

CHAPTER TWO

2.0   Literature Review                                              10

2.1   Definition and Scope of Accounting                       11

2.2   Business Accounting                                        13

2.3   Scope of Accounting                                         15

2.4   Function of Accounting in Business                  20

2.5   Accounting Information System                     22

2.6   The Usefulness of Accounting

Information System, in Public Corporation              30

CHAPTER THREE

3.0   Research Methodology                                      32

3.1   Historical Background of the Corporation              32

3.2   Sources of Data                                                41

3.3   Population and Sampling Description               42

3.4   Method of Data Analysis                                   42

3.5   Limitation of the Study                                     42

 

CHAPTER FOUR

4.0   Data Analysis and Interpretation                   44

4.1   Presentation of Data                                         44

4.2   Data Analysis                                                   49

4.3   Discussion of Findings                                     52

CHAPTER FIVE

5.0   Summary, Conclusion and Recommendation      54

5 1   Summary                                                         54

5.2   Conclusion                                                       54

5.3   Recommendation                                              56

References                                                        59

 

 

CHAPTER ONE

INTRODUCTION

1.1   BACKGROUND OF THE STUDY

Public corporation can be defined as the types of business organization that are established by a special act (or ordinance) of the parliament. Public corporations and business owned and financed by the federal, state and local government, as the case may be in the public interest.

They can be explained and described also as the type of business) organization thoroughly and solidly established by act of parliament to provide public utilities. This participation in the productive and commercial part of a country’s economy.

There are some areas in the economy where it is felt that the free enterprises system and private sector competition should not allowed, as they would exploit the public such as should be run by the government in the pubic interest. Therefore, in Nigeria, where there is a three-tier system of government; The local government, state government and the federal government do run certain enterprise so as to provide essential service for the people.

It was learnt that markets who  where programmed to load NNPC products in tankers from Ibadan, ore and Ilorin depot were referred to NIPCO plc and other private depot in apapa, which have through put agreement with the corporation.

Also between Ibadan and Ilorin, there was a total of 122 beak point.

A pipeline fire cause by vandals at arepo in ogun state in September had disrupted the distribution of products in system 2B, which distributes about 12million liters of petrol daily in the south west.

However, the NNPC at the weekend said it had restored the ije-ododo pipeline to normally and that pumping or petrol had also resumed in earnest to the depot in the system 2B, spanning from altlas-cove to Ilorin.

About 60 per cost of petroleum product, imported by the NNPC is discharged through the system 2B and pumped to the fire depot to ease pressure of tankers on the private depot at apapa.

Data made available by the NNPC showed that the pipeline between atlas cove and Ilorin depot was vandalized on over 774 point.

1.2   STATEMENT OF PROBLEM

The statement of this study in the use of accounting information in public corporation, NNPC as a case study considering the behavior relationship the uses of accounting information in public corporation.

The independent petroleum markets association of Nigeria, (IPMAN) has commended the management of the Nigerian national petroleum cooperation (NNPC) and its downstream and marketing subsidiaries, the pipeline and products marketing company (PPMC) for the comprehensive rehabilitation of pipeline and depots under the system 2B pipeline which services the southwest geopolitical zone of the country and the Ilorin axis.

The acting group general manager group public affairs of the division of NNPC, tumini green, who disclosed this in a statement made available to journalist stated that IPMAN appreciation was conveyed to the cooperation in a letter jointly signed by its western zonal secretary, Dr. .A. .O. idowu and the chairman of mosimi, Ibadan, ore, satellite and Ilorin depots.

1.3   THE PURPOSE OF THE STUDY

The purpose of the study was to examine how useful accounting information is in public corporation.

OBJECTIVE:

  1. To supply petroleum to the domestic market at minimal operation.
  2. To provide excellent customer services efficient transporting crude oil to the refineries and moving petroleum product to the market
  • To market special product competitively in the domestic and international markets.
  1. To ensure security of supply of petroleum products to the domestic market at low operating costs, market specials product competitively in the domestic and international.
  2. To provide conformity with the management culture of total quality and pursuant to the directive of the parent cooperation the Nigeria national petroleum cooperation (NNPC).

1.4   SIGNIFICANT OF THE STUDY

This study is deducted; the result could help the management and board of directors to show its stewardship and Accountability in the operational activities of their workers.

1.5   SCOPE OF THE STUDY

According to the termilogy of the institute of cost and management accountability budgeting is a plan, qualified in monetary terms, prepared and proved prior to defined period of time, usually to attain a given objectives.

1.6   RESEARCH HYPOTHESIS

       Its discuss important considerations in the development of NNPC (Ilorin) and hypothesis in defining objectives for research. The significant of constructing a good research question and developing hypothesis for the successful design of a research study.

The presence of a number of research question will affects and potentially increase the complexity of both the study design and subsequent analysis.

1.7   DEFINITION OF TERM

  • Budget Control: Is the establishment of budgets relating to responsibilities of executive to the requirement of a policy end the continue compassion of actual with budgeted result either to cure by individual action, the objectives of the policy or to provide a basis for it revision

OBJECTIVE OF BUDGETARY CONTROL

The objectives of budgetary control are to:

  1. Combine the ideas of all levels of management during budgetary preparation.
  2. Centralize control

iii.    Show management when action is needed to remedy a situation.

  1. Plan and control income and expenditure.

1.8   PLAN OF THE STUDY

The plan by the Nigerian national petroleum cooperation (NNPC) to reopen Ilorin depot during the weekend was shelved due to widespread concern over the integrity of the pipeline.

Nigerian nation petroleum cooperation (NNPC) reopened the atlas cove depot products through NNPC pipeline network to Ibadan and Ilorin depot.

The day however gathered that the NNPC was yet to pump fuel to three depots following concern that the pipeline may have been perforated by vandalize.

This day gathered that with this development, tankers from most part of the west and some Part of the east that should have loaded NNPC Products from Ibadan to Ilorin Were Still coming into lift product. From private depots that store product for the cooperation.

The two vessels were imported by the NNPC as part of the effort to bridge the supply gap in the industry (NNPC) Nigerian national petroleum cooperation.

 

 

 

Disclaimer

All project works, files and documents posted on this website, projects.ng are the property/copyright of their respective owners. They are for research reference/guidance purposes only and the works are crowd-sourced. Please don’t submit someone’s work as your own to avoid plagiarism and its consequences. Use it as a guidance purpose only and not copy the work word for word (verbatim). Projects.ng is a repository of research works just like academia.edu, researchgate.net, scribd.com, docsity.com, coursehero and many other platforms where users upload works. The paid subscription on projects.ng is a means by which the website is maintained to support Open Education. If you see your work posted here, and you want it to be removed/credited, please call us on +2348159154070 or send us a mail together with the web address link to the work, to [email protected] We will reply to and honor every request. Please notice it may take up to 24 – 48 hours to process your request.