ACCOUNTING SYSTEM IN NIGERIA HEALTH INSTITUTIONS.

ACCOUNTING SYSTEM IN NIGERIA HEALTH INSTITUTIONS.

CHAPTER ONE

INTRODUCTION

1.1      Background of the study

Record keeping in business has been an old practice right from time.  It helps businessmen and owners to plan on how activities will be carried out and to determine how activities have been performed and comparisons made among different periods in accounting.  The need of record keeping cannot be over-emphasized, in different organizations’ accounting systems and procedure in record keeping vary.

Though system and approaches may differ, they still aim at the same thing-producing accounting information necessary for control and decision making.

Each organization is unique and so plans its operations and procedures that suits it’s purpose. However, standard procedures apply to small and big organizations.  In most cases, cash and cheque record must be receipted written in both words and figures and banked, with proper account of its given be clerks entrusted with it.  Equally cash/check disbursements must be duly authorized and carried out according to the procedure aid down in the organization, proper voucher together with supporting documents should be attached to vouchers with appropriate signatories.

In an organization where there is