A CRITICAL REVIEW OF THE IMPACT OF GOOD ACCOUNTING SYSTEM IN THE GROWTH AND DEVELOPMENT OF INSURANCE INDUSTRY

(A CASE OF IGI, LEADWAY AND NICON INSURANCE COMPANY)

By

Author

Presented To

Department of Insurance

ABSTRACT

This study survey critical review of the impact of good accounting system in the growth and development of insurance industry. Some problems facing accounting system includes, Good accounting system has not been adequately carried out in insurance, inadequate accounting management. In insurance industry causes fraud, financial statement mis-interpretation also causes a problem. Objective was on the problems of good accounting management. This study critically reviewed the problems of good accounting system in 1G1, leadway and NICON insurance companies. This study made affair contribution towards the understanding of the treatment of various items by insurance companies and their accounting department. Data was sources from primary and secondary data, the primary data used was questionnaire the and observation to the accounting staff of IGI leadway and NICON, while secondary data are annual reports accounts, journals insurance year book etc. in the determining the sample size, Taro Yamani’s was used. Method of data presentation, tabular method was used in data presentation and analysis, it assembles information on the attributes under study in such a way that the relationship between all the information that can be observed and clearly understood at a glance

TABLE OF CONTENTS

ABSTRACT

CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND OF THE STUDY

1.2 PROBLEM STATEMENT

1.3 STUDY OBJECTIVES

1.4 SIGNIFICANCE OF THE STUDY

1.5 STUDY QUESTIONS/HYPOTHESES

1.6 SCOPE AND LIMITATION OF THE STUDY

1.7 DEFINITION OF TERMS

CHAPTER TWO

REVIEW OF RELATED AND RELEVANT LITERATURE

2.1 INTRODUCTION

2.2 CONCEPTUAL CLARIFICATIONS

2.3 THEORETICAL STUDIES

2.4 EMPIRICAL STUDIES

2.5 RELATED LITERATURES

CHAPTER THREE

RESEARCH METHODLOGY

3.1 RESEARCH DESIGN

3.2 STUDY AREA

3.3 SOURCES OF DATA

3.4 POPULATION OF THE STUDY

3.5 SAMPLE SIZE DETERMINATION

3.6 INSTRUMENTATION

3.7 RELIABILITY AND VALIDITY OF INSTRUMENT

3.8 METHOD OF DATA ANALYSIS

CHAPTER FOUR

DATA PRESENATATION, ANALYSIS AND INTERPRETATION

4.1 DATA PRESENTATION

4.2 DATA ANALYSIS

4.3 DATA INTERPRETATION

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATION

5.1 SUMMARY

5.2 CONCLUSION

5.3 RECOMMENDATION

REFERENCES

APPENDIX