THE IMPORTANCE OF ACCOUNTING ON ORGANIZATIONS EFFECTIVENESS

CHAPTER ONE

INTRODUCTION

Background of study: In the early days, that is before the advent of modernization, the practice of accounting is not well pronounced in our organizations. This is the period when men were considered to display unquestionable character in the management of private and public find, and as such they were to a reasonable extent, honest, transparent and accountable in their dealings. The reason which can be attributed to the virtue of self contentment that characterized the attitude of men. However, after the era of modernization, the desire to get rich quick by every means possible, became the order of the day for both administrators and accountants, and as a result of this development, the incidences of fraud, mismanagement & embezzlement were recorded to a great extent, and as such the practice of accounting was intensified in our organizations, to ensure that the pre-determined goals of the system are achieved to a reasonable extent. In this regards organizations in order to achieve high level of effectiveness, decided to install a competent, reliable, transparent and hones accounting machinery in the organization, this combating the adverse condition known as organizational ineffectiveness the topic which is extensively discussed in this context, using federal pay office, Enugu as a study.
1.2    Statement of problems

The present research topic provides the following research problems:- Firstly, The problem of incompetent accountants to handle the accounting operations of the said organization. Secondly, the problem of incompetent auditors, to audit the state of accounts of the organization. Also, the problem of human negative attitudinal tendencies such as dishonesty, unreliability and fraud, all of which hinders the successful implementation of good accounting operations. More so, the problem of improperly defined organization efficient and timely accounting operations. Finally, the problem of non-futuristic accounting records, due to variations in inflationary deflationary rate and monetary policies.
1.3    Objective of study

The primary objective of the study is as follows

1. To examine the need for a well accounting operations in the actualization of organization’s objectives.
2. To find out some of the intricacies that are associated with the accounting practices, which must be clearly understood by accountants in organization’s.
3. To find out how accounting effectiveness can improve an organizations performance
4. To proffer a probable solution to the ineffectiveness of accountants in an organization.

1.4 Research questions

The following questions have been prepared for the study

1. Is there a need for a well accounting operations in the actualization of organizations objectives?
2. Are some of the intricacies that are associated with the accounting practices, clearly understood by accountants in organization’s.
3. Can accounting effectiveness can improve an organizations performance?
4. Are there  solution to the ineffectiveness of accountants in an organization.

1.5 Significance of the study

The significance of this study cannot be underestimated as:

1. This study will examine the importance of accounting on organizations effectiveness
2. The findings of this research work will undoubtedly provide the much needed information to government organizations, federal inland revenue and academia

1.6    Scope of study

This study examines the importance of accounting on organizations effectiveness. Hence will be delimited to federal pay office Enugu.
1.7 Limitation of study

This study was constrained by a number of factors which are as follows:

 just like any other research, ranging from unavailability of needed accurate materials on the topic under study, inability to get data

Financial constraint , was faced by  the researcher ,in getting relevant materials  and  in printing and collation of questionnaires

Time factor: time factor pose another constraint since having to shuttle between writing of the research and also engaging in other academic work making it uneasy for the researcher
1.8    Definition of terms

Accounting:the process or work of keeping financial accounts.

Effectiveness: the degree to which something is successful in producing a desired result; success.

Organization: an organized group of people with a particular purpose, such as a business or government department.