TABLE
OF CONTENT
Title
Page………………………………………………………… i
Certification……………………………………………………. .ii
Dedication……………………………………………………… iii
Acknowledgement…………………………………………….. iv
Table
of Content……………………………………………… vi
CHAPTER ONE
INTRODUCTION
1.0 Background of the Study…………………………….. 1
1.1 Statement of the Problem…………………………….. 2
1.2 Objective of the Hypothesis ………………………………….3
1.3 Significance of the Study……………………………… 5
1.4 Scope and Limitation of the Study………………….. 5
1.5 Organization of the Study……………………………. 6
1.6 Definition of Terms……………………………………… 6
CHAPTER TWO
LITERATURE
2.0 Role of Accounting over the Year…………………….. 8
2.1 Role of accounting in the Banking
Industry………. 12
2.2 Stamp Duty Accounts………………………………….. 14
2.3 Expenses Concepts……………………………………… 15
2.4 Accounting Concepts……………………………………. 17
2.5 Mainstreet and its Dissemination of
Information 28
2.6 Types of Accounting Information……………………… 32
2.7 User of Accounting
Information……………………….. 33
2.8 Historical Background of Mainstreet Bank 34
2.9 Organization Structure of the Bank 36
CHAPTER THREE
RESEARCH METHODOLOGY
3.0 Introduction 41
3.1 Source of Data Collection……………………………….. 41
3.2 Data Analysis 42
CHAPTER FOUR
PRESENTATION AND ANALYSIS OF
DATA
4.1 Introduction………………………………………………. 44
4.2 Data Presentation ………………………………… 44
4.3 Data Analysis ………………………………….…. 49
4.4 Tests of Hypothesis……………………………………… 55
4.5 Discussion of findings………………………………….. 60
CHAPTER FIVE
5.0 Summary Recommendations and Conclusion……… 61
5.1 Summary…………………………………………………… 61
5.2 Conclusion…………………………………………………. 62
5.3 Recommendation…………………………………………. 63
5.4 References …………………………………………………… 65
CHAPTER ONE
INTRODUCTION
1.0. BACKGROUND OF THE STUDY
Accounting is so persuasive, and the understanding of its usefulness is desirable. It has been called the “language of business”. The history of accounting is an internal one the double entry book-keeping concept which is generally regarded as the genesis of accounting comes from the Italian city states of the fourteenth and fifteenth centuries. Book-keeping after the Italian fashion, then migrated to Germany to assist. The merchants of the tugger Era and the Asian league almost simultaneously. Some Duton business Philosophers Sharped ways of calculating period income and same Frenchmen also, made use of the whole system to government planning and accountability.
Not long, the double-entry accounting
idea. The British worlds economic position in the seventeenth and eighteenth
countries made one an ideal missionary on behalf of an account. Their influence
spread the flag of accounting to North America
and the British. Common wealth as it existed then. Dutch thus, carried the
brand of accounting that they had developed at home to Indonesia and
other places. Yet is serving people and organizations internationally.
1.1 STATEMENT OF THE PROBLEMS.
The
shareholders of a firm entrust their resources in care of management and
reported. These resources to be efficiently utilized.
At the end of every accounting year, a
stewardship report is given to the shareholders inform of financial statement
which shows the position of their investment.
Thus many research works have been carried out on Accounting information can be used by management to make decision in a banking industries
1.2 OBJECTIVE OF THE HYPOTHESIS
This study represents an attempt to
isolate those aspects of accounting information and job performance which
subordinate perceives as operative with in the Afribank plc management, the
following are identified objective of the study.
i. It
will enable improvement of accounting information performance.
ii. It
will identify the types of accounting information styles that can lead to
higher job performance
iii. It
will provide basis for improving on the job performance of accounting
information.
The French made sure that polysia and
French at mist rated territory in Africa use
French accounting system and the German’s extended their accounting influence
to nations like Japan,
Sweden
and Garisn Russia.
As the united state economic power
grew during the first half of the twentieth country, she naturally developed
similar sophistication in matters of accounting. Also business schools assisted
in the development by nursing the conceptual dimension of accounting and having
it recognized as an academic discipline in colleges and universities campuses.
After the Second World War united accounting. Influence was felt almost
throughout the western world especially in Germany and Japan. To a
lesser extent, it was directly observable in Brazil, Israel, Mexico philippiness, Sweden and Taiwan. Also
degree of similar influence in regional accounting development was felt e.g
Accounting directives of the European common market and the companies law
development for the fire nomadic countries.
Thus, in most individual countries
accounting has become an intensely nationalist affairs, having national laws
and professional regulation e.g. national Accounting Standard Board (NASB) in Nigeria.
1.3 SIGNIFICANCE OF THE STUDY
The project will identify the roles of
accounting over the years. It will create awareness in the mind of the user and
enlighten them on the uses of accounting information generated from financial
transaction carried out in the banking industry for making various positions as
shareholders, potential investors’ customers’ etc.
1.4 SCOPE AND LIMITATION OF THE STUDY.
This
research is restricted to the importance of accounting information in the
banking industries. Using Mainstreet Bank Plc as a case study to represent the
banking industry. The problems that envisaged in thus research is
unavailability of some data that might be necessary to carryout this work, this
result not being able to obtain information declared “secret in the Bank”
1.5 ORGANIZAATION OF THE STUDY.
Thus project work is divided in to five chapters, the first chapter deal with the introduction Background of the study, statement of the problems objective of study, significance of study, scope and initiation of the study organization of the study and Definition of terms. Chapter two will examine literature review, chapter three deals with the research design, sources of data collection, chapter four shows the presentation of different banks offering to their customers.
CURRENT ACCOUNT
This is an account kept by a customer
in the bank that is withdrawn able by cheque and analysis of data collected.
Chapter five covers the summary, Recommendation and conclusion.
1.6 DEFINITION OF TERMS
i. FINANCIAL STATEMENT
they are reports that summarize the
business transaction of a specific time or period usually a year and it shows
the financial positions of the business at time reports, also the operating
resulting results by the business arrive at thus position.
ii. ASSESTS
Are economic resources which are owned by a
business and expected to benefit future operation
iii. BALANCE SHEET
It
shows the financial position of the business at particular data of transactions
iv LIABILITIES
They
are debts or obligations which the business owned and also is expected to pay
back at a given period.
v. INDUSTRIES
Is made up of a number of firms producing similar product or offering similar service e.g. textile industry made up.
THE ROLE AND USER OF ACCOUNTING INFORMATION IN NIGERIA BANKING INDUSTRIES (A CASE STUDY OF MAINSTREET BANK PLC ILORIN BRANCH)
