ROLE OF ACCOUNTING IN SOCIETAL DEVELOPMENT

This research work is aimed at as certainly the importance of the recounting profession in the Societal Development (private and Public Institutions inclusive). It also highlights some of the problems which an accountant may encounter while performing his role as a professional. The performance of these activities by an accountant and the role he plays in societal development has made accounting the concern of the society and the entire business world. It is sometime said that accounting is an adjust of business because it is employed to supply financial information to individual and organizations. Accounting profession could be defined in relation to problems it addresses in the society such as taxation problems, sales statistics, urban congestion, computer technology, etc. The accounting profession is not only for the good of the individual but also for the society in that it has managerial and social responsibilities to shoulder in the cause of serving the public. To discuss the project in detail, the study has been divided into five chapters as follows: a. Chapter one deals with introduction, statement of the problem, objective, significance of the study, limitation and delimitation of the study. b. Chapter two deals with the review of related literature, definition of accounting, the necessity for societal development and the role of accounting in societal development. c. Chapter three discuses the research design which includes the area of study, types of data used and location details. d. Chapter four deals with the analysis of findings based on the data collected. It evaluates and discusses the findings. e. Chapter five deals with the findings, recommendations and conclusions made by the researcher.