EFFECT OF ACCOUNTING SYSTEM ON THE PERFORMANCE OF THE SELECTED NON PROFIT MAKING ORGANIZATION
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- NGN 5000
ABSTRACT
This study examines the accounting system on the performance of non-profit making organizations in Nigeria. The objective of this study was to find out if non-profit organizations (NPOs) has a proper accounting and internal control system and also to find out if the members of the non-profit organization are being exploited by the administrators. The data for this study were collected through questionnaire and personal interview. However, the questionnaire forms the major instrument of data collection. The simple random sampling method is used to select the respondents of the study. The findings reveals that the sampled NPOs maintained a proper accounting system, although there were issues of lack of transparency in the past. The study concludes that the financial statement of the non-profit organizations are subject to both internal and external auditing. It was recommended among others that comprehensive budget should be drawn up and as much as possible it should be made for revision if necessary
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