ACCOUNTING PROBLEMS IN THE SMALL AND MEDIUM SIZE INDUSTRIES (A CASE STUDY OF MR. BIGG’S & UNCLE JOE’S BREAD INDUSTRIES)
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ACCOUNTING PROBLEMS IN
THE SMALL AND MEDIUM SIZE INDUSTRIES (A CASE STUDY OF MR. BIGG’S & UNCLE
JOE’S BREAD INDUSTRIES)
ABSTRACT
An expansive wisdom is bought by experience learning teacheth
more in one year than experience in twenty. Rogar Ascham (in the scholaoter).
Furthermore, “it is impossible for a man to learn what the thinks he already
know (Epictelus).
On this note I state that a great number of people go
suddenly and with force into business without having a sound knowledge of what
business is all about, what it takes to run or manage a business. One cannot be
said to have committed an offence nor made a mistake to make an ascertain that
it is a daily practice to set up small and medium scale firms in every nooks
and crawrices of Nigeria, but simple though worthy questioning. “How many
actually stand with the test of time?” many business lovers commenced business
with huge sums of money (capital) have experienced a mistiness running down of
the business the predicament has been attributed to many factors but the writer
is chiefly concerned with “accounting and management” as one of the said such
factors.
The study critically worked into the accounting systems and
management problems in separation in both small and medium scale industries. (A
case study of Mr. Bigg’s and Uncle Joe’s Bread) Enugu State, I have found out
if records actually existed, the problems encounter in keeping them, and the
effects they have on the entire business organization. Questionnaires and
personal interviews were used by the researcher in obtaining the necessary
factors.
The main findings at the end of this research reveals that
improper accounting and poor management techniques played a vital role in the
failure of most business firms. Based on the major findings the researcher made
the following recommendation.
1. Proper
planning and control
2. Use of good
accounting techniques
3. Application
of sund credit policy
4. Sound wage
and salary policy
5. Use of
marketing research
6. Improved
inventory management
7. Reduction
of operating cost expenses
8. Striving to
improve sales.
TABLE OF CONTENTS
Title page
Approval page
Dedication
Acknowledgement
Proposal
Abstract
Table of contents
CHAPTER ONE
1.0 Introduction
1.1 Background of
the study
1.2 Statement of
problem
1.3 Objective of
study
1.4 Hypothesis
1.5 Significance
of study
1.6 Scope and
limitation
1.7 Methodology
1.8 Definition of
terms
Reference
CHAPTER TWO
2.0 Literature
review
2.1 Dark age
development of accounting
2.2 Evolution of
accounting in Nigeria
2.3 Academically
development of accounting
2.4 Justification
of accounting in business
2.5 Range of
operation of accounting
2.6 Business
records and systems of accounting
2.7 Small and
medium scale enterprises and economic contributions.
2.8 Predicaments
and constraints militating against small and medium scale enterprises in
Nigeria
2.9 Causes and
preventive measure of business failure
Reference
CHAPTER THREE
3.0 Research
methodology
3.1 Overview
3.2 Determination
of sample size
3.3 Sample
procedure
3.4 Method of
distribution of questionnaires
3.5 Method of
analysis and hypothesis testing
3.6 Limitations.
CHAPTER FOUR
4.0 Presentation
and analysis of data
4.1 Introduction
4.2 Data
presentation
4.3 Analysis of
data
4.4 Test of
hypothesis
4.5 Interpretation
of data
CHAPTER FIVE
5.0 Finding and
recommendation
5.1 Summary of
finding
5.2 Conclusion
5.3
Recommendation
Bibliography
Appendix
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