UTILIZATION OF ACCOUNTING PROFESSIONAL SKILLS IN SMALL SCALE FIRMS

By

ONYIA BLESSING .C. AC/N2002/031

Presented To

Department of Accountancy

Many business firms have benefited from the use of research keeping and accounting. This is true especially when we consider such firm that required by law to publish the result of their business dealings annually. Such firm cannot fulfill this legal obligation without employing the accounting professional skills. They also utilize accounting skills in making borrowing and investment decision as well as planning of their growth and expansion.
    The problems militating against small scale firms that are incorporated in Nigeria are many. They include lack inadequate education backbone of majority of firm owners, inability to recognize the need for accounting skills in business firm thereby employing the cheap labour of unskilled accounting staff, non â€" adherence that are not based on accounting information. The forgoing have been found to be true.
    The research methodology used in this project work include., the questionnaire, observation and interview but mainly the questionnaire was used. The problem as enumerated in the preceding paragraph were found to be true, the inferential statistic of chi â€" square was used to test the null hypothesis(HO) which where all rejected in favor of the alternative.
    Recommendation were duly offered in chapter three of this work which include the remedying of the low educational background of the management team, employment of a trained decision which will eliminate stagnation of the firm and foster the growth of the company.
 

TABLE OF CONTENT
COVER PAGE.                                I
TITLE PAGE                                II
APPROVAL PAGE                            III
DEDICATION                                IV
ACKNOWLEDGEMENT                        V
ABSTRACT                                VII

CHAPTER ONE
INTRODUCTION                                1
1.1    BACKGROUND OF THE STUDY                1
1.2    STATEMENT OF THE PROBLEM                4
1.3    PURPOSE OF THE STUDY                    5
1.4    SCOPE OF THE STUDY                    6
1.5    RESEARCH QUESTION                    7
1.6    HYPOTHESIS                            8
1.7    SIGNIFICANCE OF THE STUDY                8

CHAPTER TWO
REVIEW OF RELATED LITERATURE
2.0    INTRODUCTION                            
2.1    DEFINITION OF CONCEPT                    10
2.2    UTILIZATION OF ACCOUNTING PROFESSIONAL SKILL BY SMALL SCALE FIRM: A STATUTORY REQUIREMENT                        12
2.3    NEED FOR ACCOUNTING PROFESSIONAL SKILLS AND ADHERENCE TO LAID DOWN ACCOUNTING PROCEDURE OF THE IMPLEMENTATION OF GOOD ACCOUNTING SYSTEM                13
2.4    ACCOUNTING PROFESSIONAL SKILL IS EMBODIED IN THE PERSON TRAINED IN ACCOUNTANCY 18
2.5    APPLICATION OF SCIENTIFICALLY PRODUCED ACCOUNTING INFORMATION            20    
2.6    SUMMARY OF RELATED LITERATURE REVIEWED                23

CHAPTER THREE
3.1    SUMMARY OF FINDINGS/DISCUSSION OF RESULTS
3.2    CONCLUSION                            25
3.3    IMPLICATION OF THE RESEARCH RESULT        27
3.4    RECOMMENDATION                        28
3.5    SUGGESTION FOR FURTHER STUDIES/ RESEARCH            29
3.6    LIMITATION OF THE STUDY                29