Critical appraisal of the accounting method in the petroleum petrochemical industry - a case study of Eleme petrochemical company Ltd Department: Accountancy By: Expresshubpub Project ID: 2189 Rating: (3.6) votes: 5Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractAccounting has been described as the language of business. This is true, in fact, it could be seen as the language of life because everybody is involved in accounting consciously or unconsciously in their daily life. The research work is on the topic“A Critical Accounting Appraisal of Accounting Method in the Petroleum/Petrochemical industry”. Accounting method has been defined as the medium through which the fundamental accounting concepts are applied to financial transactions and to the preparation of financial statements. It is the item of adopted in recognizing, measuring and valuing an item of revenue, expenses, gain, loss or any assets or liability. Because of the existence of more than one accounting methods due to the complexity of business types and transactions arose need for the research. In this work, therefore, the researcher has been conducted a study into the accounting methods as applicable in petroleum/petrochemicals industry with a direct contact at Eleme Petrochemical company ltd. It is directed to find out of the existing accounting methods and whether they conform with the required standard. The study of been divided into five (5) chapters. It has taken us through the background of the study, information about the company and a variety of reviewed literature. In the process of research, various research instruments and methodology have been employed to arrive at the conclusion gotten. To this effect, some recommendations have been made in areas of lapses. The researcher, therefore, believes that if this work is not neglected by the parties involved, it will grant help to them. ...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 )