A CRITICAL REVIEW OF THE IMPACT OF GOOD ACCOUNTING SYSTEM IN THE GROWTH AND DEVELOPMENT OF INSURANCE INDUSTRY

A CRITICAL REVIEW OF THE IMPACT OF GOOD ACCOUNTING SYSTEM IN THE GROWTH AND DEVELOPMENT OF INSURANCE INDUSTRY

ABSTRACT

This study survey critical review of the impact of good accounting system in the growth and development of insurance industry. Some problems facing accounting system includes, Good accounting system has not been adequately carried out in insurance, inadequate accounting management. In insurance industry causes fraud, financial statement mis-interpretation also causes a problem.         Objective was on the problems of good accounting management. This study critically reviewed the problems of good accounting system in 1G1, leadway and NICON insurance companies. This study made affair contribution towards the understanding of the treatment of various items by insurance companies and their accounting department. Data was sources from primary and secondary data, the primary data used was questionnaire the and observation to the accounting staff of IGI leadway and NICON, while secondary data are annual reports accounts, journals insurance year book etc. in the determining the sample size, Taro Yamani’s was used. Method of data presentation, tabular method was used in data presentation and analysis, it assembles information on the attributes under study in such a way that the relationship between all the information that can be observed and clearly understood at a glance.

TABLE OF CONTENTS

Title Page

Abstract

Table of Contents

CHAPTER ONE: INTRODUCTION

1.1        Background of the study

1.2        Statement of the study

1.3        Objectives of the study

1.4        Research Questions

1.5        Research Hypothesis

1.6        Significance of the study

1.7        Scope and Limitation

1.8        Definition of the Operational Terms

CHAPTER TWO

REVIEW OF RELATED LITERATURE

2.1 An Overview

2.2 Historical development of IGI Leadway and Nicon

2.3 Historical Development of Insurance in Nigeria

2.4 Meaning and Functions of Insurance in Nigeria

2.5 Meaning of Accounting System

2.6 The impact of Good Accounting System on the

Insurance Industry

2.7 Examination of the Various Accounting principles that

Exist in the Accounting System

2.8 Measuring Good Accounting System and Insurance

Growth

2.9 Good Accounting System and Regulations

2.10 The problems Facing Insurance Manager using good Accounting System.

2.11 The prospect of Using Good Accounting System in the Development of Insurance

CHAPTER THREE

RESEARCH METHODOLOGY AND DESIGN

3.1 Sources of Data

3.2 Location of Data

3.3 Population of the Study

3.4 Sample and Sampling Distribution

3.5 The Instrument Used

3.6 Validity and Reliability of the Instrument

3.7 Method of Data Presentation and Analysis

CHAPTER FOUR

Data Presentation and Analysis

4.0 An Overview

4,1 Presentation and Analysis of Data

4.2 Test of Hypothesis

CHAPTER FIVE

Summary of findings, conclusions and Recommendations

5.1 Summary of Findings

5.2 Conclusions

5.3 RECOMMENDATIONS

A CRITICAL REVIEW OF THE IMPACT OF GOOD ACCOUNTING SYSTEM IN THE GROWTH AND DEVELOPMENT OF INSURANCE INDUSTRY