ACCOUNTABILITY IN NONPROFIT MAKING ORGANIZATION (A Case Study of Business Centre Operators Union, Nekede)
ABSTRACT
This project is a research survey on accountability in nonprofit making organization. it studied business operators union in Nekede.
The instrument employed to achieve the objective of this study was research of the existing literature. it also employed oral interview to get a piece of the minds of business operators about accountability in their union.
The research discovered that accountability serves the purpose, the stewardship and credibility / functions. It was also found that accountability is unavoidable when ownership is divorced from control and when agency relationship exits.
The researcher ripped it off by recommending the use of trained accountants in Non – profits making organizations in order to smoothen up accountability.
CHAPTER ONE
1.0 INTRODUCTION
In all organization, money or finance is the lifeblood of the organization. It is a lubricant that oils or smoothes the wheel of every organization.
In any organization where money is needed and used, there is need for adequate recording of transaction. it is necessary for the record of receipts and payment of cash to be kept. this is for accountability.
Accountability arises due to the presence of agency condition; a principal does not account for himself. Accountability arises from the fact that an agent acts on behalf of the principal.
In organizations, agents can be seen to be the elected or appointed executives that steer the affairs of the organization at the end of the day, there is need for the appointed executives or elected ones to account to the general house how money has been received and spent. This is accountability or stewardship function.
In nonprofit making organization s, accountability is not entirely different from what it is except for a slight difference in the nature of account kept and the users of the account. Nonprofit making organizations, have their agents in the form of elected or appointed leaders, in whose hands, entrusted the management of all affairs of the union. There is every need for those leaders to at the end of the period, give summary for detailed report on how they have managed the affairs of the organization. This is accountability.
1.1 BACKGROUND OF THE STUDY
The history or development of accountability runs currently with the development of agency relationship. Informal groups, socials settings, religious groups, political groups accountability is the guarantee such groups have for going concern and improvement. In any non accountable or any group who leaders so not account for the running of the affairs compliance with set rules and achievement of goals and achievement of goals are only wished but not realized.
According to Ejiofor (1984: 66) Accountability originate when business expands and delegating of duties began.
In nonprofit making organizations, accountability arises when every body cannot take part in the leadership of grouping, hence, some people are appointed or elected to steer the affair of the organization. This is accountability in nonprofit making organizations.
1.2 STATEMENT OF PROBLEM
Must nonprofit making organization do not account to their members
Nonprofit making organization are mismanaged
There are square pegs in round hold in this type of organization making it that accountable.
Accountability is always the bane of nonprofit making organizations.
1.3 OBJECTIVE OF THE STUDY
The study is aimed at
Discovering the nature of accountability in nonprofit making organization.
Ascertaining the benefits of accountability in nonprofit making organization.
Knowing the techniques for accountability in nonprofit making organization.
Explaining the meaning of accountability and the roles it plays in nonprofit making venture.
1.4 RESEARCH QUESTION
What role does accountability play in nonprofit making organization?
What are the benefit of accountability in nonprofit making organization?
Are there used in accountability function in nonprofit making function.
Do square pegs exist in round holes in nonprofit making venture?
Is accountability the base of nonprofit making organizations?
1.5 SIGNIFICANCE OF THE STUDY
To acquaint an ND Student the basis knowledge of carrying out research.
To fulfill the NBTE requirement for the award of National diploma
To state the defects and recommend based on that, to the case study from, the defects and benefits of accountability in nonprofit making organizations.
To provide a hand cop of the relevance of accountability in nonprofit making organizations.
1.6 SCOPE OF THE STUDY
This study in on the accountability in nonprofit making organization. It studies or surveys the Nekede area, taking a particular study on the business centres operation union federal polytechnic Nekede owerri.
The result of the survey will be used to generalize on the accountability position of other nonprofit making body.
1.7 LIMITATION OF THE STUDY
The following factors constraints the study.
Finance: The financial involvement of this study is such that was too clear for the research to easily should hence there is snail speed in the production of the work.
Time: The time at the deposit of the researcher was so insignificant that the portion of time allocated the writing of this project was to thin to help it most the researcher time was wed in preparing for exams and class work.
Materials for this study: Getting a hand copy of evidence of accountability making organization not easy an such material sourcing was difficult.
1.8 DEFINITION OF TERMS
Accountability: The condition of giving or fulfilling stewardship function. The rendering of accounts by an agent to the principals.
Nonprofit organization: An organization established not form making profit but for rendering services.
Agency: The condition which arises when one person allows another to act on his behalf and accept his or any liability the agent many Incur.
Principal: the proprietor of a business.
Agent: A person who acts for a principal
Stewardship function: the duty of rendering accounts for job dine for the principal by the agent.
ACCOUNTABILITY IN NONPROFIT MAKING ORGANIZATION (A Case Study of Business Centre Operators Union, Nekede)