TITLE PAGE
EFFECTIVENESS OF BOOK KEEPING AND ACCOUNT FOR NON -PROFIT MAKING ORGANIZATION (A CASE STUDY OF SOME SELECTED CHURCHES IN NDOKWA EAST LOCAL GOVERNMENT AREA, L.G.A)
BY
ENU JUSTINA O.
DSPZ/SBS/12/26631
A PROJECT WORK SUBMITTED TO THE DEPARTMENT OF ACCOUNTANCY, SCHOOL OF BUSINESS STUDIES, DELTA STATE POLYTECHNIC, OZORO
IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF NATIONAL DIPLOMA (ND) IN ACCOUNTANCY
SEPTEMBER, 2014
CERTIFICATION
I, hereby declare that this project work entitled “EFFECTIVENESS OF BOOK KEEPING ACCOUNTS FOR NON PROFIT ORGANISATION (A CASE STUDY OF SOME SELECTED CHURCHES IN NDOKWA WEST L.G.A)” is an original monograph of my work. All published literature used in this research are duly referenced
____________________ ___________
ENU JUSTINA O . Date
APPROVAL PAGE
This is to certify that this project has been approve and accepted in partial fulfillment of the requirement for the award of National Diploma in Accountancy, School of Business, Delta State Polytechnic, Ozoro.
_____________________ _____________
Mr. Edwin A. Onatuyeh Date
(Project Supervisor)
_____________________ _____________
Mr. Edwin A. Onatuyeh Date
(Head of Department)
_____________________ _____________
Mr. C.A Ejeka Date
(Dean, School of Business)
_____________________ _____________
External Examiner Date
DEDICATION
This work is dedicated to God Almighty for his grace, mercy and wisdom which made this project possible and also to my lovely sisters Jennifer and Blessing Enu.
ACKNOWLEDGEMENT
This work would not have been accomplished without the help of some people who contributed in one way or the other towards the success of my academic pursuit.
I am grateful to God Almighty the giver of life and guiding me through out my studies.
My sincere gratitude goes to my supervisor Mr. Edwin A. Onatuyeh (H.O.D) for his kind assistance, encouragement and support which facilitated this work.
I wish to express my sincere and unreserved gratitude to my parents Engr. and Deac (Mrs) Alex Enu for their moral support, parental advice and financial assistance. My sincere appreciation also goes to my lovely siblings Jennifer and Blessing Enu, and also to the entire Enu family.
To my lovely grand mother Hannah Amulum, and my special friend mr Sampson O. for their prayers and support.
My appreciation also goes to all my lecturers that lectured me during my school and most especially Mr. Felix Ighosewe, and Late Mr. C. O. Agbawe, and also to my friends and colleagues in accounting department most especially Bio, Benita, Karrer and Confident.
I am most grateful to you all and may God continue to bless all of you in Jesus name (amen)
ABSTRACT
The study is concentrated on the “Effectiveness of book keeping accounts for non – profit making organization”. The study is carried out with a view of finding possible solution to the problems faced by non – profit organizations. Are the accounts kept by the non – profit organization adequate to enable management carry out its managerial functions of planning, accounting, co-ordination and decision making? In finding solution to the above question two (2) hypotheses were tested based on the questionnaire administered. The study was also carried out to measure and evaluate the effectiveness of the internal control system of the non – profit organization. In this case, the study tended to check how receipts and payments are affected, and to know weather these are done by the authorized person(s) who have the financial acumen. However, chapter one looks at the overview of non – profit organization. Chapter two, relevant literature where reviewed and chapter three looks at research methods used to obtain information while chapter four, analyzed the data collected and chapter five, recommendation are made for proper accounting records of the non – profit organization to enhance their performance.
TABLE OF CONTENT
Title ………………………………………………………………………………..i
Certification……………………………………………………………………….ii
Approval……………………………………………………………………….….iii
Dedication…………………………………………………………………………iv
Acknowledgement…………………………………………………………………v
Abstract……………………………………………………………………………vi
CHAPTER ONE INTRODUCTION
1.1 Background of Study ………………………………………………………1
1.2 Statement of the Problem ……………………………………………………2
1.3 Purpose of the Study ………..………………………………………………2
1.4 Significance of the Study ……………………………………………………3
1.5 Research Hypothesis ………………………………………………………3
1.6 Limitation of the Study………………………………………………………4
1.7 Definition of Terms…………………………………………………………4
CHAPTER TWO LITERATURE REVIEW
2.1 Introduction…………………………………………………………………6
2.2 Types of Account Records / Statement……………………………………7
2.3 Some Scholar Theories on Non-Profit Organization………………………9
2.4 Characteristics of a Non Profit Organization………………………………12
2.5 Difference between the Records/Accounts of Profit Making
and Non-Profit Organization…………………………..……………………13
2.6 Limitation of the Receipts and Payment Accounts. ………………………13
2.7 Differences between Receipts and Payment Account and Income
and expenditure account. …………………………………………………14
2.8 Payment/outflow of resources. ……………………………………………15
2.9 theories ……………………………………………………………………16
CHAPTER THREE RESEARCH METHODOLOGY
3.1 Introduction…………………………………………………………………19
3.2 Sources of Data……………………………………………………………19
3.3 Population of the Study……………………………………………………20
3.4 Sample of the Study………………………………………………………20
3.5 Design of the Study………………………………………………………20
3.6 Instrument for the Data……………………………………………………20
3.7 Method of data Analysis……………………………………………………21
CHAPTER FOUR DATA ANALYSIS AND PRESENTATION
4.1 Introduction…………………………………………………………………25
4.2 Hypothesis Testing…………………………………………………………25
4.3 Discussions of Findings……………………………………………………29
CHAPTER FIVE SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Summary of Findings……………………………………………………….30
5.2 Conclusion………………………………………………………………….31
5.3 Recommendations………………………………………………………….31
Reference ………………………………………..………………………………..33
Appendix I Research Letter……………………..………………………………..34
Appendix II Questionnaire.…………………………………………………………35
Appendix III Chi – Square Table………………………………………………….36
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