PUBLIC ACCOUNTING IN THE NONPROFIT SECTOR: CHALLENGES AND BEST PRACTICES
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
PUBLIC ACCOUNTING IN THE NONPROFIT SECTOR: CHALLENGES AND BEST PRACTICES
The objectives of this research are to: 1) Identify the unique challenges faced by public accountants in the nonprofit sector, 2) Evaluate best practices that enhance financial transparency and accountability, and 3) Propose strategies to overcome sector-specific challenges. A survey design is employed to gather quantitative data from accountants working in the nonprofit sector. The sample size is set at 320, derived using Taro Yamane’s formula, ensuring statistical significance with a 95% confidence level and a 5% margin of error. Abuja is chosen as the case study location due to its concentration of nonprofit organizations and regulatory bodies. The reliability coefficient score for the survey is 0.88, indicating high reliability. Findings indicate that key challenges include complex regulatory requirements, limited financial resources, and donor expectations. Best practices identified include implementing robust financial management systems, enhancing internal controls, and increasing financial literacy among nonprofit staff. The study recommends adopting standardized accounting practices and providing continuous training to improve financial management and reporting in the nonprofit sector.
Related Project Materials
SUBJECT COMBINATION/CHOICES AND OCCUPATIONAL RELEVANCE
Background of the Study
In any contemporary society, the heart of the long process of preparing young p...
AN APPRAISAL OF THE EFFECTIVENESS OF MACROECONOMIC POLICIES IN PROMOTING ECONOMIC GROWTH IN NIGERIA
ABSTRACT
This research work tries to investigate the effectiveness of macroeconomic policy in promoting economic growth...
ETHICAL CONSIDERATIONS IN PUBLIC ACCOUNTING PRACTICES
ETHICAL CONSIDERATIONS IN PUBLIC ACCOUNTING PRACTICES
This research explores the ethical considerations in public accounting practices. T...
THE USE OF MANAGEMENT AUDIT AS AN AID FOR EFFECTIVE MANAGEMENT
ABSTRACT
This study was carried out on the use of management audit as an aid for effective management using some selecte...
AQUACULTURE RENAISSANCE IN AKWA IBOM STATE: A VERITABLE TOOL OF SUSTAINING THE LOCAL ECONOMY
Background of the Study
Aquaculture has, in fact, matured into a worldwide resilient and essential indu...
KNOWLEDGE ATTITUDE AND PRACTICE OF ELDERLY WOMEN TOWARDS MANAGEMENT AND PREVENTION OF HIGH BLOOD PRESSURE
Background of the study
High blood pressure is referred to as hypertension in medical terminology. When...
IMPACT OF MAINTENANCE OF BUILDINGS AND INFRASTRUCTURAL FACILITIES TO THE NATIONAL ECONOMY
Abstract
It is widely believed that all is not well with the facilities and infrastructures in in Niger...
THE IMPACT OF REGULATORY CHANGES ON FIDUCIARY ACCOUNTING STANDARDS
THE IMPACT OF REGULATORY CHANGES ON FIDUCIARY ACCOUNTING STANDARDS
This research aims to (1) investigate the effects of...
THE EFFECT OF SCHOOL STRUCTURE AND ENVIRONMENT ON THE PERFORMANCE OF SECONDARY SCHOOL STUDENT
ABSTRACT
The study found out the effect of school structure and environment on student’s academic performance in s...
INFLUENCE OF GRAPHICS COMMUNICATION ON THE NEWSPAPER PUBLICATION AND PATRONAGE
Abstract
The study examines the influence of graphics in the newspaper publication with fo...
