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Accounting Information System As A Means Of Enhancing Financial Management Of Transport Company
[A CASE STUDY OF THE NIGERIAN RAILWAY CORPORATION ENUGU]
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1.2 STATEMENT OF PROBLEMS
Nigeria Railway Corporation which dominated
the transport sector of the economy in the sixties is presently being
delegated by other means of transport such as road transport, sea, and
air transport. The corporation has lost her passengers and freight
mainly to road transport; this is because of inability of the
corporation to compute effectively in order to meet the age longed
challenges.
Ordinarily there should have been growth in both road and
railway transport but the railway transport seems neglected. The truth
of the matter is not just neglected, but a problem of cash flow
difficulty and management these affect the purchase of spare parts,
repair, payment of salaries, inadequate infrastructure support and
enhance service rendering.
Given the above condition of the Nigerian
Railway Corporation in the nations transport industry, the problem which
looks for detailed analysis and solution includes the following
questions.
1. Is the accounting information used in the corporation adequate for managements short and long term plans?
2. Have the accounting officers in the corporation has the needed professional skills to cope with demands of the job?
3. Is there any serious effort made by the corporation to boost operation?
4. Do the accounting officers perform their duties without the interference of the management?
5. What is the mode of approaching the chief accounting officer of the corporation?
Answer to these questions above constitutes the basic problem of the researchers work.
1.3 OBJECTIVES OF THE STUDY
Bearing in mind the above mentioned problem study is aimed at finding out among other things such as:-
1.
The organization of accounting department in Nigerian Railway
Corporation with particular interest in the eastern division of the
corporation and how the accounts department contributes to the
achievement of overall goals for the corporation.
2. Whether the accounting information is actually one of the effective management tools in the railway corporation.
3.
Whether the accountants in the corporation adequately perform their
duties in conformity with the statement of accounting standards (SAS)
4. In where the tools of the accounts department to the performance of the individual workers in term of their output.
1.4 RESEARCH QUESTIONS
Despite
the problem mentioned above concerning the Nigerian railway
corporation, these questions are been asked towards their accounting
department.
1. Dose the account department of railway corporation
Enugu contribute to the achievement of the overall goals of the
corporation?
2. Is the accounting information actually one of the effective management tools in the railway corporation Enugu?
3. Dose the accountants adequately perform their duties in conformity with the statement of accounting standards?
4. What are the tools of the accounts department to the performance of the individual works in terms of their output?
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTAccounting information system in a transport organization has been a great problem to the third world countries in general, which Nigeria as a country has its own share. This research work, “Accounting information system in a transport organization, suggests ways of minimizing the effects of the problems of inefficient accounting information. It is believe that an improvement in this regards will enhance the performance of the corporation. To enable the researcher find solution to ... Continue reading---
