ABSTRACT
This research identified the risk
in the Accounts payable and ledger processing functions in Nigeria Breweries
and the adequacy of financial controls under the topic "Risks Reduction
and Financial Controls in a Computerized Accounting System in Nigeria"
Personal interviews, questionnaire and other secondary sources like textbooks,
Magazines; journals etc were the major source of data for the study. A total of
three hundred and twenty six (326) staff of Nigeria Breweries ,Aba which
comprises of both Account, Finance, Audit and Marketing departments were
considered and one hundred and eighty(180) staff were used as Sample size
derived using Yaro Yemen sampling techniques, whereas a non parametric
statistical tool, the chi-square test was applied in testing the hypothesis, if
there is relationship between financial information and documentation,
authority system and independent review and performance controls and risk
reduction. Based on the results, it was concluded that proper financial
information and documentation, a formal authority system and timely independent
reviews and performance controls relate positively with reduction of risk,
thereby accepting the hypothesis of the study. ln order to ensure adequate
finance controls, reduce existing risk and also reduce the level of losses and
defalcations, it is recommended that: Financial Managers should endeavour to
understand practical guidance on core financial controls in their main business
activities and establish a set of criteria against which they can judge the
standards achieved in their own companies.
ABRAHAM, J (2021). Risk Reduction And Financial Control In A Computerized Accounting System In Nigeria (A Study Of Nigeria Breweries, Aba). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/risk-reduction-and-financial-control-in-a-computerized-accounting-system-in-nigeria-a-study-of-nigeria-breweries-aba-7-2
J, ABRAHAM. "Risk Reduction And Financial Control In A Computerized Accounting System In Nigeria (A Study Of Nigeria Breweries, Aba)" Mouau.afribary.org. Mouau.afribary.org, 13 Aug. 2021, https://repository.mouau.edu.ng/work/view/risk-reduction-and-financial-control-in-a-computerized-accounting-system-in-nigeria-a-study-of-nigeria-breweries-aba-7-2. Accessed 01 Nov. 2024.
J, ABRAHAM. "Risk Reduction And Financial Control In A Computerized Accounting System In Nigeria (A Study Of Nigeria Breweries, Aba)". Mouau.afribary.org, Mouau.afribary.org, 13 Aug. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/risk-reduction-and-financial-control-in-a-computerized-accounting-system-in-nigeria-a-study-of-nigeria-breweries-aba-7-2 >.
J, ABRAHAM. "Risk Reduction And Financial Control In A Computerized Accounting System In Nigeria (A Study Of Nigeria Breweries, Aba)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/risk-reduction-and-financial-control-in-a-computerized-accounting-system-in-nigeria-a-study-of-nigeria-breweries-aba-7-2