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Impact Of Internal System on the financial Management Of the organisation (A study of the Nigeria Bottling Company plc, Enugu)

Ugorji Louis Ifeanyichukwu | 70 pages (13275 words) | Projects
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Accounting
ABSTRACT
This study investigated the impact of internal system on the financial management  of the organization.The main problem can be identified as lack of internal control on the financial management of the organization that affect profitability and service quality of a firm. The major objective of this study is to determine the effect of internal control  to proper use of organizational funds and asset,to ascertain whether perpetration of fraud and losses of revenue in an organization areas are sultof weakness in the internal control,to ensure whether a true and fair reflection of organizational activities are presented in the financial statement whether there is an active observation of internal control measures and to determine the relationship between internal control measure and proper keeping of accounting records. A survey research design was adopted for this research study and sample sizewasselectedusingYaraYamane sampling technique as data used were obtained from both primary and secondary sources. Research questions were formulated  out of which three hypothesis were formulated using analysis of variance(ANOVA)methodat5%levelofsignificanceandtheP-value was also used for comparison between calculated value of significance of the two groups.The finding from  the analysis indicates that internal control measure enhances true reflection of organizational activities as presented in the financial statement, Internal control measures ensures proper use of organizational assets and fund, Perpetration of fund and losses of revenue in organization are as a result of weakness in the internal control system.It also recommends that the management, internal audit departments well as the account department to the overall management of the organization should be focused on ensuring the safety of assets and soundness of their operation.
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APA

UGORJI, I (2021). Impact Of Internal System on the financial Management Of the organisation (A study of the Nigeria Bottling Company plc, Enugu). Repository.mouau.edu.ng: Retrieved Nov 25, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-internal-system-on-the-financial-management-of-the-organisation-a-study-of-the-nigeria-bottling-company-plc-enugu-7-2

MLA 8th

IFEANYICHUKWU, UGORJI. "Impact Of Internal System on the financial Management Of the organisation (A study of the Nigeria Bottling Company plc, Enugu)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 15 Feb. 2021, https://repository.mouau.edu.ng/work/view/impact-of-internal-system-on-the-financial-management-of-the-organisation-a-study-of-the-nigeria-bottling-company-plc-enugu-7-2. Accessed 25 Nov. 2024.

MLA7

IFEANYICHUKWU, UGORJI. "Impact Of Internal System on the financial Management Of the organisation (A study of the Nigeria Bottling Company plc, Enugu)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 15 Feb. 2021. Web. 25 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-internal-system-on-the-financial-management-of-the-organisation-a-study-of-the-nigeria-bottling-company-plc-enugu-7-2 >.

Chicago

IFEANYICHUKWU, UGORJI. "Impact Of Internal System on the financial Management Of the organisation (A study of the Nigeria Bottling Company plc, Enugu)" Repository.mouau.edu.ng (2021). Accessed 25 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-internal-system-on-the-financial-management-of-the-organisation-a-study-of-the-nigeria-bottling-company-plc-enugu-7-2

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