THE APPLICATION OF ACCOUNTING PRINCIPLES IN SOME SELECTED INSURANCE COMPANIES

By

EZEAKOR CHIGOZIE I. AC/N2002/250

Presented To

Department of Accountancy

29 Pages 3,038 Words 129 Views Microsoft Word Format No. of Chapters: 1 to 3 Chapters

Reference/Bibliography: YES 4,000 NGN OND PROJECT

ABSTRACT

The purpose of this research work was to determine the application of accounting principles in insurance companies. The limitations that prevent their proper application and whether insurance accounts are in conformity with the generally accepted accounting principles.
Data were collected from respondents mainly accountant and managers from different insurance companies in Onitsha through personal interview.
However, the outcomes showed that the accounting principles adopted by insurance companies and the same from the ideal principles. Although there are some branches of insurance companies that do not have a branch accountant, these branch will only forward their cash book to head office account.
Some insurance companies suggested recommendations on home accounting problems encountered. It is the researchers believe that if the recommendation given in chapter three of this study where actually followed, the will help in promoting the insurance business in Nigeria.

TABLE OF CONTENT
Title Page                               ii
Approval Page                           iii
Dedication                               iv
Acknowledgement                           v
Abstract                                vii
Table Of Contents                           viii

I.   Chapter One
Introduction   1
1.1   Background Of Study                   1
1.2   Statement Of Problem                   4
1.3   Objectives Of The Study                   5
1.4   Scope Of Study                       6
1.5   Limitation Of Study                   6
1.6   Definition Of Terms                   7

II.   Chapter Two
2.0   Literature Review                       9
2.1   Accounting Aspect                       9
2.2   Accounting Principles                    10
2.3   Insurance Aspect                       12
2.4   Summary Of Related Literatures            13

Chapter Three
3.1   Summary                           14
3.2   Findings                           15
3.3   Recommendation                       16
Reference                           18

29 Pages 3,038 Words 129 Views Microsoft Word Format No. of Chapters: 1 to 3 Chapters

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