ABSTRACT

The study examined the role of accounting system in nonprofit organi1th spec interest on Redeemed Christian of God, World Bank Province, Umuahia, A1• in a bid tO achieve the aim of the study, the following specific objectives were pursuich were to; ascertain the extent to which the organization has installed an accountinçfl determine the effect of accounting system on the financial activities of the organizaam if the adoption of accounting syitem enhances accountability and transpareni identifY the ctors that constrain the accounting system of the organization. The stucijwed relevant ted literatures that pertains to the topic under review, which provided 1d kno ed9e i accounting system and the how the nonprofit making organizatic4er review is utilizing it to achieve desired objectives. The sample size of the study i0 which was derived from the population (100) of the study using Taro Yameneformuldted in chapter three of the work. The research design adopted in the course of the study wrvey research; which involved the distribution of questionnaire to 80 respondents to gene relevant data for the analysis. The data was analyzed using simple descriptive statistnd Analysis of Variance to test the significant of the formulated null hypotheses. The re of the analysis provided the following findings: There is a significant relationship betwee,° U n ti fl9 system and financial activities of the organization, The adoption of accounting sjm does enhance the accountability and transparency of financial records and activities the Church, The attitude of senior officials of the Church towards accounting system is negve and The use of accounting system has a strong effect on the financial activities of the orgiZati0Thi the use of accounting system shows the financial records, actual income and penditUre of the organization. Based on the findings, the researcher made the foIlowinIecOmme 0tb0 1 business organizations either profit oriented or not should intensi,51 th use of accounting system within various units of the organization since it ensures the ejciency of financial activities, accounting system should be adopted by nonprofit organ izdofl to enhance the 2ccountability and transparency of financial records and activities of rgafliZatiOfls, senior officials of the Church should develop a positive attitude towards accouting system owing to its notable contribution to the growth and development of the Chura, accounting system should be used by organizations in record keeping and auditing offiruncial activities since it shows the financial records, actual income and expenditure of the organ(zation and adequate training should be given to senior pastors, treasurers and financial secretary of the church in order to increase their performance and effective use of established accounting system lfl the church.