AJSTRACT
Effective Financial Management has
remained a big problem in both small and medium scare business organization in Nigeria
The need to handle this prompted this research study on "the Role of H?
Accountant in Financial Management of Business Organizations in eria. A case
study of Homebased Company Limited Owerri and Imo State. Library Board Owerri.
Therefore, the following problems gave rise to this study. The employment of
non-professional accountant’s accountants of organization The improper
accounting records which exist in many firms and so undermine financial
accounting of organizations. Poor financial advice often given to chief executive:
of firms; and the poor quality financial planning and implementation, which
characterizes the functioning of most organizations' firms. Thus, the
purpose/objective of the study includes:- To affirm that every formal and functional
organization needs a trained accountant to handle its accounting financial
management operations. To identify the place and role of an accountant in the
management of firms generally; and financial reporting specifically. To make
case for action of enabling enrolment for organizational accountability arid
effective financial Management and reporting system. Also, various works of
some notable authors like Umnealla G.O, Usanganah H.A., Baggot etc were
reviewed in the study. 1owever, the total populations within the survey field
were twenty seven in which the researcher used the formula Yaro Tamani to
determine the ample size of twenty five. Twenty from lmo State library Board
and from Home Base company Owerri. Table and simple percentage due used in
presenting and analysis the questionnaires while chi-square statistical
techniques were used in testing the hypothesis stated in the study. From the
above, the following findings were made: e That there is no significant
relationship between professionally trained accountant and non-professional in
the effectiveness of financially management of the firm. o That the financial
management and accounting problems of organizations are not caused by
employment and use of nonprofessional accountants. o That small and medium
scale firms in Nigeria fail not because of general issue like government
polices, competitions among firms etc. o That professional accountants has
meaningful contributions to make in the success and growth of small and medium
scale firms not merely the ability and wisdom of the owner and or managers
towards this end, the following recommendations were made among others: o That
firm should use the service of well trained accountants if they must realize
expected financial management. o That no matter the ability, skill and wisdom
of a firm's owner/manger, he must intermittently requires financial advice,
which only professional accountants can offer. o That for effective financial
management in organization, there must be an internal auditor, who would serve
as check to the unexpected misconduct inherent in our system. The study was
however packaged into five chapters thus: Introduction, Review of related
Literature, Methodology, Data Presentation and analysis plus testing of
Hypothesis viz the use of chi-square statistical Method. They study ended with
summary of Finding Conclusion and Acceptable Recommendations.
EGERUO, O (2021). The Role Of The Accountant In Financial Management Of Business Organizations In Nigeria (Case Study Of Homebased Company Limited Owerri. And Imo Sate. Library Board Owerri). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/the-role-of-the-accountant-in-financial-management-of-business-organizations-in-nigeria-case-study-of-homebased-company-limited-owerri-and-imo-sate-library-board-owerri-7-2
O., EGERUO. "The Role Of The Accountant In Financial Management Of Business Organizations In Nigeria (Case Study Of Homebased Company Limited Owerri. And Imo Sate. Library Board Owerri)" Mouau.afribary.org. Mouau.afribary.org, 08 Jul. 2021, https://repository.mouau.edu.ng/work/view/the-role-of-the-accountant-in-financial-management-of-business-organizations-in-nigeria-case-study-of-homebased-company-limited-owerri-and-imo-sate-library-board-owerri-7-2. Accessed 01 Nov. 2024.
O., EGERUO. "The Role Of The Accountant In Financial Management Of Business Organizations In Nigeria (Case Study Of Homebased Company Limited Owerri. And Imo Sate. Library Board Owerri)". Mouau.afribary.org, Mouau.afribary.org, 08 Jul. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/the-role-of-the-accountant-in-financial-management-of-business-organizations-in-nigeria-case-study-of-homebased-company-limited-owerri-and-imo-sate-library-board-owerri-7-2 >.
O., EGERUO. "The Role Of The Accountant In Financial Management Of Business Organizations In Nigeria (Case Study Of Homebased Company Limited Owerri. And Imo Sate. Library Board Owerri)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/the-role-of-the-accountant-in-financial-management-of-business-organizations-in-nigeria-case-study-of-homebased-company-limited-owerri-and-imo-sate-library-board-owerri-7-2