EVALUATION OF ACCOUNTING INFORMATION SYSTEM OF PRODA ENUGU. A RESEARCH PROJECT MATERIAL ON ACCOUNTING
The main purpose of this study is the evaluation of accounting information system of PRODA Enugu. To cary ou this study, three chapter highlighted on the general back ground of the study. Chapter two stated the problem of study and chapter three includes finding, summary recommendation, and limitation of the study.
For nation to survive there must exist records of events. In any economy they exists different types of transact]ions involving exchange of money, goods and services. These transactions need to be recorded and these serve as sources of information that are used by management and policy markers. Accounting involved recording of business transaction that serve as supply of data for either companion with budgets/ facelats or for other management uses.
Therefore, the accounting information system with regard to PRODA, Enugu can be decried as all those documents that enable financial data to be processed in order for management to report on the affairs of the institute. These records include day book, Journals, cash book, ledger accounts ,m income and expenditure accounts, and statement of assets and liabilities at end of year among others.
The institution was established immediately after the Biafran war with Okpabiasika as the pioneer administrator. In other not to waste the brain, the rap offices gathered themselves together, led by Agwu Okpankusa Journalist. The more started in 1970 and by 1971 it was approve by then East Central State Government (Edit Number 11) and named project development agency. Later in 1976, the federal Government took it over from the East Central and named institute.
The first director was A.E Ekechuwu from 1970 – 1974 from 1976 E.O Kaynee, 1976 –1988 professional Engineer late Nzekore, from 1989 – 1993 was E.O. Kaynee, then from 1994 – 1998 Engineer B.K.C Ugwu. The purpose for the establishment of this institute was for the rserach and development of Agricultural and industrial machines as wellas clay and other related building products. They produce bricks for building, bakery oven, machines, fish palliar food processing equipment e.g Gari plant, cups, plates and flover vessels. They have three locate ones, Head Quarters at Emene near Enugu, workshops, at wa – valley and training school at independence layout all in Enugu.