Internal control system towards improving financial management Department: Accountancy By: Ennyshola Project ID: 2690 Rating: (3.1) votes: 15Rate this project12345 Price:₦2000 Get the Complete MaterialAbstractThis research work has set out to determine the internal control system and improve financial management. In actual fact, a problem was identified in some situations, management has constantly claimed effective internal measures adopted but financial management has not improved accordingly. In view of this problem, hypotheses were formulated, facts and figures were collected and these hypotheses were tested and proved using a universally acknowledge statistical instrument, the chi-square. The method of deducting interference from answers given in the interview schedule was adopted in addition to the chi-square. The null hypothesis was accepted and the alternative hypothesis was rejected, showing that an effective internal control system leads to improved financial management. The analysis among other things revealed the effectiveness of the internal control system on the improvement of financial management. The recommendation in looking at this work would be to advise readers for the research on this topic. The findings are based on the data analyzed. In order to ensure that management understands what the concept of internal control entails, frequent lectures should be organized for all those who constitute the top management of the organization. The management of parastatals should take measures to ensure that they maintain an effective internal control system in their organization not only for the purpose of improvement in financial management but to increase both the reliability of information and the credibility organization to government investors, leaders and the public at large....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 )