IMPORTANCE OF ACCOUNTING TO NON – PROFIT MAKING ORGANIZATION

ATTENTION:

BEFORE YOU READ THE ABSTRACT OR CHAPTER ONE OF THE PROJECT TOPIC BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!

INFORMATION:

YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COSTS N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR YOU CAN CALL: 08068231953, 08168759420

WHATSAPP US ON 08137701720

IMPORTANCE OF ACCOUNTING TO NON – PROFIT MAKING ORGANIZATION

ABSTRACT

This study is titled importance of Accounting to non profit making organization. What profit accounting does for non profit oriented organization is to enable the management is measuring performance decision making and adequate planning in finding out some possible solutions to the numerous problems. In chapter one, it deals with introduction background of the study, statement of study purpose of study significance of study research questions etc

Hence, proper accounting is required in non profit making organization in order to ascertain the indebtedness of the organization and also pinpoint ways by which settlements may be made

Chapter two deals with the literature review, importance of accounting to non profit making organization, the effects of accounting to non profit making organization significance role of accounting to non profit making organization etc

The researcher work ends in chapter three with summary, conclusions and recommendations.

TABLE OF CONTENTS

Title page——————————————— i

Approval page—————————————- ii

Dedication——————————————– iii

Acknowledgement———————————— iv

Abstract ———————————————- vi

Table of contents————————————- v

CHAPTER ONE

1.0 Introduction————————————- 1

1.1 Background of the study———————— 1

1.2 Statement of the study————————– 6

1.3 Purpose of the study—————————– 7

1.4 Significance of the study————————- 7

1.5 Research questions——————————- 8

1.6 Hypothesis—————————————– 9

1.7 Scope of the study——————————— 9

1.8 Limitations of the study—————————- 10

CHAPTER TWO

Literature review——————————– 11

2.1 The importance of accounting to non-profit

making organization—————————– 14

The effects of accounting to non-profit

making organization—————————— 15

The significant role of accounting to non-profit

making organization—————————— 16

The role of accounting to non-profit

making organization—————————— 22

The summary of the chapter——————— 23

CHAPTER FIVE

Summary of findings—————————– 30

5.1 Conclusions————————————— 31

5.2Recommendation———————————

5.3 Suggestions for further study——————– 33

Reference—————————————– 34

APPENDIX

CHAPTER ONE

1.0 INTRODUCTION

1.1 BACKGROUND OF THE STUDY

American accounting Association defined Accounting as the process of identifying, measuring and communicating economic information to permit inform judgment and decisions by the users of the information. This information is presented system matically and accurately recorded financial report about an entity engage in economic activity to users of such report.

(Akeju, 2003, 2003; 29)

In this study accounting is a systematic record measurement and economic process used to report on the financial activities of association not for profit making motive, not for profit organization as defined by Akeju (2002) ‘’ are those organization which are established not the objective of making profit and distributing such profit to their members in form of interest on capital in the business organization to pursue the objective of which the business is established for’’

The name not for profit can be misleading because the impression that the business are not allowed to partake in profit making activities this is not such, the business are allowed under law to undertake any lawful business activities not against their constitution and use the net cash flow for which they are established therefore, it is possible that not for profit making organization undertake tracing activities which can bring profit to them but such profit is not to be distributed as a result to the members in form of interest or dividend.

Organization that fall under non-profit motive include public and private organization which set up to promote art, culture, religion, science, social club and so not. Examples of them includes stride unions student unions, sports, religion, social clubs and so no. it is established by members of like minds do their welfare, they are required to be registered as an association under the companies and Allied matters Decree no 1 of 1990 as amended. They are intended for profit but they indulge in any activities that is profit oriented

The official of these organizations are elected mostly for their commitment than for their commitment than for the financial knowledge. Therefore, only the simplest records are maintained including a cash book periodically, the records are passed to the associations accountant who many prepare a receipt and payments account. If and expenditure account. Determines the accumulated fund and finally close it up by a balance sheet for the financially period.

HOW TO RECEIVE PROJECT MATERIAL(S)

After paying the appropriate amount (#5,000) into our bank Account below, send the following information to

08068231953 or 08168759420

(1) Your project topics

(2) Email Address

(3) Payment Name

(4) Teller Number

We will send your material(s) after we receive bank alert

BANK ACCOUNTS

Account Name: AMUTAH DANIEL CHUKWUDI

Account Number: 0046579864

Bank: GTBank.