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Need For Effective Store Accounting In An Organization
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1.2 STATEMENT OF PROBLEM
In
recent times several companies in Nigerian have reported loss of
materials through explosion fire hazard and avoidable accidents. All
these hazards have greatly affected operation in these organization . it
has further affected staff and management of these organization. In
view of the enormous resources in terms of money and materials, lost in
such incidents these has been cause for better accounting in the day to
day running of industries. Specifically, this study will focus on the
following .
The problem of accounting as stores hours. The problem of
accounting as per stock yard. Problem of accounting as per stores
personnel how stores accounting affect the profit of the organization.
1.3 PURPOSE OF THE STUDY
The
aim of this study is to identify the stores accounting lapses already
existing in the organization and how it affect the profitability of the
organization as it concerns the store house method of stores .
accounting operation and materials handling . also this study will
attempt to find out accounting lapse within the stock yard. It is also
the objective of this study to find out the accounting needs of the
company particularly as it concern materials and personnel in stores.
Furthermore,
one of the objective of this study is to find out stores accounting
required for finished goods in the warehouses. These will involve good
in the accounting needs of the company with specific reference to the
materials stocked by the company such as inflammable materials , example
fuel, diesel and alcohol. The study will also cover the area of
provision of equipment to safeguard materials such as stock document
like ledger, stock cards etc.
1.4 SCOPE OF THE STUDY
In this study
the focus was to establish the role of stores accounting in the
profitability of an organization. The population comprises of staff of
various section of Unsama paper mill Nigeria. A total of one hundred
participants were used. The study looked at the consequences of stores
accounting towards profitability of an organization and how stores
accounting should be run in order to attract profitability or an
organization .
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ABSRACT - [ Total Page(s): 1 ]Alternatively, organization may put the responsibility of store accountability on individual stock keeper or manager for the stock held in their charge.As a result of this, most organization rely on them to control store accounting. Stores accounting and safety is one of the important areas of concern in stores management as a result of the need to protect the company’s huge investment is stock. All goods must have value to a company else they should not have been in stock.According to Mo ... Continue reading---
