Home»Accountancy» The impact of internal control system on revenue generation

The impact of internal control system on revenue generation

 Department: Accountancy  
 By: usericon vick123  

 Project ID: 1941
   Rating:  (5.0) votes: 1
Rate this project
The objective of this study was to evaluate the internal control system in operation at power holding company of Nigeria Plc in Enugu State with a view to knowing its impact on revenue generation in the state. A sample of 40 was selected for the study randomly. The questionnaires were used in gathering the primary data while secondary data were collected from the work of others in the form of literature review. The data collected were analyzed using the chi-square (x2) as the statistical tool to determine the valuation of the hypothesis. The findings concluded that weak internal control system encourages collusion fraud loss of revenue, embezzlement, and computation. This has always impeded the company’s ability to effectively supply electricity to customers and there from generating revenue. Internal audit system ensures operations compliance with set policies, promoting accuracy and reliability of transactions recording. In addition, an effective internal control system ensures effective recommends the remodeling of the company’s internal control system and strengthening of the investigating unit. The components sectors of the present corporate Power Holding Company of Nigeria PLC should be unbundled into separate distinct independent entities that handle generation, transmission, distribution, and marketing. It further recommends that prepaid meters should be seen as an alternative to further accumulate debts....
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
»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )
»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )
»The Impact of product development on banks performance ( A Case study of first bank plc )
»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 )
»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 )
»Value added tax (VAT) in Nigeria. Merging problems and prospect presented.
»The role of financial institutions in the development of Nigeria economy

Upload Project

Do you have project materials to share? Upload and earn with it.