Critical Appraisal Of The Accounting Method In The Petroleum/Petrochemical Industry

A Case Study Of Eleme Petrochemical Company Ltd
ABSTRACT

Accounting has been described as the language of business. This is true; in fact it could be seen as the language of life because everybody is involved in accounting consciously or unconsciously in their daily life.
The research work is on the topic “A Critical Accounting Appraisal of Accounting Method in the Petroleum/Petrochemical Industry.
Accounting methods have been defined as the medium through which the fundamental accounting concepts are applied to financial transactions and to the preparation of financial statement. It is the item of adopted in recognizing, measuring and valuing an item of revenue, expenses, gain, loss or any asset or liability. Because of the existence of more than one accounting methods due to the complexity of business types and transactions arose need for the research.
In this work, therefore, the researcher has been conducted a study into the accounting methods as applicable in petroleum /petrochemicals industry with a direct contact at Eleme Petrochemical Company Ltd. It is directed to find out, if there exist accounting methods and whether they conform with the required standard.
The study has been divided into (5) five chapters. It had taken us through the background of the study, information about the company and variety of reviewed literature.
In the process of research, various research instruments and methodology have been employed to arrive at eh conclusion gotten. To this effect, some recommendations have been made in areas of lapses. The researcher therefore believes that if this work is not neglected by the parties involved. It will be grant help to them.

TABLE OF CONTENTS

Title Page
Approval Page
Certification
Dedication
Acknowledgement
List of Tables and Graphs
Abstracts

CHAPTER ONE
1.0 Introduction
1.1 Statement of the problems
1.2 Need for the Study
1.3 Objectives of the Study
1.4 Research Questions and Hypothesis
1.5 Scope of the Study
1.6 Assumptions of the Study
1.7 Limitations of the Study
1.8 Definition of Terms

CHAPTER TWO
2.0 Literature Review
2.1 Evolution and Nature of Accounting
2.2 Definition, Meaning and Purpose of Accounting
2.3 Conceptual Framework of Accounting
2.4 Accounting Equation and Systems
2.5 Accounting Methods
2.6 Accounting Process, Cycle and Classification of Accounts
2.7 Petroleum Accounting Methods
2.8 Oil and Gas Accounting Methods
2.9 Other Accounting Treatment

CHAPTER THREE
3.0 Theoretical Framework and Methodology
3.1 Introduction
3.2 Theoretical Framework
3.3 Rationale for Choice of Variables
3.4 The Methodology
3.5 Data Selection and Analysis

CHAPTER FOUR
4.0 Presentation and Analysis of Data
4.1 Introduction
4.2 Data Presentation, Classification and Calculations
4.3 Analysis of Data, According to Research Hypothesis
4.4 Analysis of Data to Test of Hypothesis
4.5 Interpretation of Results

CHAPTER FIVE
5.0 Summary, Conclusion and Recommendations
5.1 Summary
5.2 Conclusion
5.3 Recommendations
5.4 Areas of Further Study
Bibliography
Appendices

APA

Critical Appraisal Of The Accounting Method In The Petroleum/Petrochemical Industry. (n.d.). UniTopics. https://www.unitopics.com/project/material/critical-appraisal-of-the-accounting-method-in-the-petroleum-petrochemical-industry/

MLA

“Critical Appraisal Of The Accounting Method In The Petroleum/Petrochemical Industry.” UniTopics, https://www.unitopics.com/project/material/critical-appraisal-of-the-accounting-method-in-the-petroleum-petrochemical-industry/. Accessed 20 September 2024.

Chicago

“Critical Appraisal Of The Accounting Method In The Petroleum/Petrochemical Industry.” UniTopics, Accessed September 20, 2024. https://www.unitopics.com/project/material/critical-appraisal-of-the-accounting-method-in-the-petroleum-petrochemical-industry/

WORK DETAILS

Chapters:
5
Pages:
106
Words:
13560

Here’s a typical structure for Critical Appraisal Of The Accounting Method In The Petroleum/Petrochemical Industry research projects:

  • The title page of Critical Appraisal Of The Accounting Method In The Petroleum/Petrochemical Industry should include the project title, your name, institution, and date.
  • The abstract of Critical Appraisal Of The Accounting Method In The Petroleum/Petrochemical Industry should be a summary of around 150-250 words and should highlight the main objectives, methods, results, and conclusions.
  • The introduction of Critical Appraisal Of The Accounting Method In The Petroleum/Petrochemical Industry should provide the background information, outline the research problem, and state the objectives and significance of the study.
  • Review existing research related to Critical Appraisal Of The Accounting Method In The Petroleum/Petrochemical Industry, identifying gaps the study aims to fill.
  • The methodology section of Critical Appraisal Of The Accounting Method In The Petroleum/Petrochemical Industry should describe the research design, data collection methods, and analytical techniques used.
  • Present the findings of the Critical Appraisal Of The Accounting Method In The Petroleum/Petrochemical Industry research study using tables, charts, and graphs to illustrate key points.
  • Interpret Critical Appraisal Of The Accounting Method In The Petroleum/Petrochemical Industry results, discussing their implications, limitations, and potential areas for future research.
  • Summarize the main findings of the Critical Appraisal Of The Accounting Method In The Petroleum/Petrochemical Industry study and restate its significance.
  • List all the sources you cited in Critical Appraisal Of The Accounting Method In The Petroleum/Petrochemical Industry project, following a specific citation style (e.g., APA, MLA, Chicago).