A statistical analysis of the application of accounting principles in the operation of an insurance company Department: Mathematics and Statistics By: verao123 Project ID: 3008 Rating: (3.1) votes: 10Rate this project12345 Price:₦1000 Get the Complete MaterialAbstractThe research work is on the statistical analysis of the application of accounting principles in an insurance company. A study of National Insurance Company. Accounting principles are basic standards that an accountant must adhere to when preparing financial statements or reports for any organization. In carrying out this work the research financial records are records with the following objectives in mind to achieve, to ascertain the level of compliance to the generally accepted accounting principle by accountants working for insurance firms also to ascertain if by any means these GAAP does not adhere to if it will lead to the collapse of the insurance firm. The nature of the literature reviewed appraise the GAAP and other works corporate governance, financial reporting etc and other materials related to the topic. While the method of data collection was through the primary source. The judgemental sampling technique was used while chi-square (x2) was used in testing the hypothesis. The findings by the researcher were that the adherence to the GAAP and that of international accounting standards can prevent any organization including insurance companies form failure thereby boosting the confidence of all stakeholders in the industry. Also, the statistical application principle will ensure adequate disclosure of relevant information. The research recommended that the statistical professional bodies should come together and deliberate on how they will help in protecting their members from the direct control of their employees, so the can apply the GAAP at all time....Preview Download Preview +Other Mathematics and Statistics project topics and materials you might be interested in»Statistical Quality Control of Premier Soap in Soap Manufacturing Industry ( A Case Study of PZ Cusson PLC Aba Abia State)»Statistical analysis of students’ height and weight (case study of federal polytechnic Nekede, Owerri, Imo state) »Statistical analysis of unemployment rate among age groups and geographical locations in Nigeria»Statistical analysis of the problems associated with skill acquisition in Nigeria (a case study of male tailors in Imo state)»Application of linear programming technique to profit maximization in the production of soap (a case study of Promotex industrial and chemical company limited, Nnewi, Anambra state) »Statistical analysis of foster care and adoption rate in Abia state (a case study of motherless babies home Ahiaeke, Umuahia)»Determination of nutritional status of children within the ages of four (4) to ten (10) years using their body mass index (BMI)»Time series analysis on marriage registration in Ilorin, Kwara state»Application of multiple queuing model in evaluating the efficiency of service in UBA bank»Statistical analysis on impact of parental hood on academic performance»Econometrics analysis of gross national income on consumption expenditure of federal republic of Nigeria between (2011)»Determinant of foreign direct investment in Nigeria and its effect on Nigerian economy: an empirical analysis»Statistical analysis of factors affecting crime in Imo state»Statistical study of the queuing pattern at the antinatal division of Federal Medical Center FMC Owerri Imo state»A statistical analysis of coal production in Nigeria - a case study of Nigeria coal corporation from 2000-2009