THE IMPACT OF A GOOD INTERNAL CONTROL SYSTEM ON FINANCIAL MANAGEMENT OF ORGANIZATIONS..

THE IMPACT OF A GOOD INTERNAL CONTROL SYSTEM ON FINANCIAL MANAGEMENT OF ORGANIZATIONS

ABSTRACT

The impact of a good internal control system on the financial management of organization cannot be over emphasized. This is because internal control is the bedrock of any organization that wants continuity in the existence of the organization. Owing to the above reason, awareness on the need for internal control system in organization becomes the vital inducing factor for this project work. However, arousal of students and potential readers interest on the significance of internal control system become the secondary objective of this work.  This will go a long way in safeguarding and managing efficiently the fiancée or fund for running the organization for profit maximization by the management. Dart for this research work will be obtained through administering questionnaire through oral interview to the senior staff which critical analysis follows. Regrettably however, the quest for information will be hindered by time and money factors. Lecture will be going on in the class, resource are scarce to travel wide and collect more information which would enable the researcher to write extensively on the topic. In conclusion therefor, the researcher will suggest that the impact of a good internal control system when applied, will help a business in profit planning, decision making and forecasting.