Internal control as a tool for improving profitability Department: Accountancy By: philip123 Project ID: 138 Rating: (3.0) votes: 249Rate this project12345 Price:₦1000 Get the Complete MaterialAbstractThe research project was on the internal control as a tool for improving profitability. If any organization especially in profit making organization who wants to improve its profitability condition must see that proper, accurate and reliable financial accounting data is made, there must be promotion of management efficiency and encouragement should be made on adherence to management prescribed policies. Internal Control can be defined as the plan of the organization and all coordinate methods and measures adopted within a business organization, to check the accuracy reliability of its accounting data, to promote management efficiency and to encourage adherence to prescribed management policies. The main objective of this research is to ascertain the effectiveness and soundness of internal control as it concerns improvement in profitability. Finally, summary of findings and recommendation based on a research finding, it was certain that internal control system is the best tool for improving profitability in profit making organization. Fraud can be minimal and errors and irregularities will be sandwiched, if the internal control system is solidly founded and followed carefully. ...Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»The effects of computerized accounting system on the performance of banking industry in Nigeria»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»Effect of misrepresentation of information in a financial statement»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )