Most critics hold that there are paucity of accounting records maintained by co-operative societies.
This study therefore investigate the level and the adequacy of accounting records of co-operative societies. To determine this, the fundamental objective of the study among others are.
1. To identify and disclose whether adequate accounting records are kept by co-operative societies.
2. To determine the impact of the present level of accounting record’s on profitability and viability of co-operative societies.
The entire cooperative societies in Enugu North local government area (registered) was the study population from which 98 was selected. A set of structured questionnaire was administered to the sample out of which 72 responded. Oral interview were also used to collect useful data and information which could not have been portrayed by the questionnaire.
The collected data were classified, analysed and interpreted by the use of tables, percentage, product moment of correlation and chi-square (test of goodness of fit) was used in testing the hypothesis.
From the analysis of data the major findings are that.
a. co-operative societies do not really maintain adequate accounting system.
b. There is weakness in the internal control system of co-operative societies.
c. Co-operative societies make use of their members as their accounting staff usually the secretary.
d. Most co-operative societies do not company with the established accounting standards.
e. The present level of accounting records in co-operative societies affect the profitability and viability of co-operative societies.
Based on the findings some of these recommendation were made.
i. co-operative societies should employ experienced competent and trained accounting staff to improve their accounting system.
ii. The accounts of co-operative societies should be audited by external auditors like corporate organization.
iii. The management of co-operative societies (committee) should receive management training and also every member of the co-operative should be educated.
Title page ii
Approval iii
Dedication iv
Acknowledgement v
Abstract vi
Proposal viii
Table of contents ix
CHAPTER ONE
INTRODUCTION 1
1.1 Background of study 1
1.2 Statement of problems 2
1.3 The objective of the study 2
1.4 Research hypothesis 3
1.5 Significance of the study 4
1.6 Scope and limitation of the study 5
1.7 Definition of terms 6
CHAPTER TWO
LITERATURE REVIEW 9
Definition of Accounting 10
Objectives and importance of accounting information 12
Importance of accounting 14
Definition and meaning of accounting
system/composition of system. 17
Accounting system. 18
Importance of maintaining adequate
accounting system 23
Definition and meaning of co-operative societies 26
Origin of co-operative society in Nigeria. 30
Problems of co-operative societies 32
CHAPTER THREE
RESEARCH METHODOLOGY 34
3.1 Sources of data 34
3.2 Sample use and determination of sample size 35
3.3 Method of investigation 36
CHAPTER FOUR
4.1 Presentation and analysis of data 37
4.2 Data analysis 37
4.3 Test of hypothesis 48
CHAPTER FIVE
5.1 Findings 57
5.2 Conclusion 59
5.3 Recommendations 60
Bibliography 62
Questionnaire 64
Accounting System Of Cooperative Societies. (n.d.). UniTopics. https://www.unitopics.com/project/material/accounting-system-of-co-operative-societies/
“Accounting System Of Cooperative Societies.” UniTopics, https://www.unitopics.com/project/material/accounting-system-of-co-operative-societies/. Accessed 19 September 2024.
“Accounting System Of Cooperative Societies.” UniTopics, Accessed September 19, 2024. https://www.unitopics.com/project/material/accounting-system-of-co-operative-societies/
Here’s a typical structure for Accounting System Of Cooperative Societies research projects:
- The title page of Accounting System Of Cooperative Societies should include the project title, your name, institution, and date.
- The abstract of Accounting System Of Cooperative Societies should be a summary of around 150-250 words and should highlight the main objectives, methods, results, and conclusions.
- The introduction of Accounting System Of Cooperative Societies should provide the background information, outline the research problem, and state the objectives and significance of the study.
- Review existing research related to Accounting System Of Cooperative Societies, identifying gaps the study aims to fill.
- The methodology section of Accounting System Of Cooperative Societies should describe the research design, data collection methods, and analytical techniques used.
- Present the findings of the Accounting System Of Cooperative Societies research study using tables, charts, and graphs to illustrate key points.
- Interpret Accounting System Of Cooperative Societies results, discussing their implications, limitations, and potential areas for future research.
- Summarize the main findings of the Accounting System Of Cooperative Societies study and restate its significance.
- List all the sources you cited in Accounting System Of Cooperative Societies project, following a specific citation style (e.g., APA, MLA, Chicago).