CONTROL SYSTEM AND EFFECTIVE MANAGEMENT IN AN ORGANIZATION (A CASE STUDY OF UNITED BANK FOR AFRICA PLC, UYO)

CONTROL SYSTEM AND EFFECTIVE MANAGEMENT IN AN ORGANIZATION (A CASE STUDY OF UNITED BANK FOR AFRICA PLC, UYO)

TABLE OF CONTENTS

Contents                                                                    Pages

Cover page      –      –      –      –      –      –      –      –      i

Title Page –      –      –      –      –      –      –      –      –      ii

Certification     –      –      –      –      –      –      –      –      iii

Dedication               –      –      –      –      –      –      –      iv

Acknowledgement    –      –      –      –      –      –      –      v

Table of Contents     —     –      –      —     –      –      –      vi

Abstract   –      –      –      –      –      –      –      –      –      vii

CHAPTER ONE: INTRODUCTION

1.1   Background to the Study –      –      –      –      –

1.2   Statement to the Problem       –      –      –      –

1.3   Objective to the Study     –      –      –      –      –

1.4   Significance to the Study –      –      –      –      –

1.5   Research Questions –      –      –      –      –      –

1.6   Research Hypothesis       –      –      –      –      –

1.7   Limitation of Study   –      –      –      –      –      –

1.8   Scope of Study –      –      –      –      –      –      –

1.9   Definition of Terms Use    –      –      –      –      –

CHAPTER TWO: REVIEW OF RELATED LITERATURE

2.1   Introduction     –      –      –      –      –      –      –

2.2   Nature and Conceptual Framework of  Control System    –        –      –      –      –      –      –      –      –

2.3   Types of  Control System –      –      –

2.4   The Purpose of  Control System      –      –

2.5   Advantage of  Control System –      –

2.6   The Importance of  Control System –

2.7   Effectiveness of  Control System     –      –

2.8   Limitation of  Control       –      –      –      –

7.9   Role and Purpose of  Control    –      –

2.10 Management and  Control System   –

2.11 Defect and Short Coming of  Control

System    –      –      –      –      –      –      –      –

2.12 Theoretical Framework    –      –      –      –      –

2.13 Summary of Chapter Two        –      –      –      –

CHAPTERTHREE: RESEARCH DESIGN AND METHODOLOGY

3.1   Introduction     –      –      –      –      –      –      –

3.2   Research Design      –      –      –      –      –      –

3.3   Research Area –      –      –      –      –      –      –

3.4   Population to the Study   –      –      –      –      –

3.5   Sampling Size and Sampling Technique   –      –

3.6   Method of Data Collected –      –      –      –      –

3.7   Instrumentation for Data Collection –      –      –

CHAPTER FOUR: DATA ANALYSIS AND PRESENTATION

4.1   Introduction     –      –      –      –      –      –      –

4.2   Questionnaire Analysis    –      –      –      –      –

4.3   Data Presentation and Analysis –     –      –      –

4.4   Test of Hypothesis   –      –      –      –      –      –

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.1   Introduction     –      –      –      –      –      –      –

5.2   Summary of Findings       –      –      –      –      –

5.3   Conclusion       –      –      –      –      –      –      –

5.4   Recommendations   —     –      –      –      –      –

References

Appendix

 LIST OF TABLE

Table 1:   Questionnaire Analysis    –      –      –      –      –

Table 2:   Age of Respondent          –      –      –      –      –

Table 3:   Sex Respondent      –      –      –      –      –      –

Table 4:   Educational Qualification  –      –      –      –      –

Table 5:   Length of Service     –      –      –      –      –      –

Table 6:   Level in Organization       –      –      –      –      –

Table 7:   Research Question   –      –      –      –      –      –

Table 8:           Question 3       –      –      –      –      –      –

Table 9:           Question 4       –      –      –      –      –      –

Table 10:         Question 5       –      –      –      –      –      –

Table 11:         Question 6       –      –      –      –      –      –

Table 12:         Question 7       –      –      –      –      –      –

Table 13:         Question 8       –      –      –      –      –      –

Table 14:         Question 9       –      –      –      –      –      –

Table 15:         Question 9       –      –      –      –      –      –

CHAPTER ONE

INTRODUCTION

1.1   BACKGROUND TO THE STUDY

The establishment of company requires technical and management expatriates. For it to be sustained and continue to be in business as a going concern require a sound accounting and administrative policies procedures to be adopted. This is to guide against inefficiencies, misappropriation, fraud, waste and possible loss.

control system is a popular administrative and accounting procedure use by various organizations to safe guard its assets. Thus the proper functioning of the  control system of any organization depends largely on the extent to which the  audit department of that organization discharged its responsibilities and the size of such business.

control system is defined by the institute of chartered

Accountant as “the whole system of control, financial otherwise, establish by the management in order to carry on the business of the enterprise in an orderly and efficient manner, to ensure adherence to management policies., safeguard the asset and secure as far as possible the completeness and accuracy of the records”.

The concept of the whole system of control in areas of authorization and approvals appraisals and review of performance and budgetary control. In normal business situation, these controls must be spelt out and seen to be in existence and implemented by staff concern and designed, while the reports and output the emanating from the implementation of the control are sent to the management from the various department heads and supervisors. The responsibility of the  audit department (staff) is to investigate and appraise the whole system of  control and the efficiency with which the various department of business are performing that assigned functions.

Accordingly, Alkison (2013) opined that,  audit involves all in causes taken by management through the  audit department to ensure that  control system is placed functions efficiency and effectively.

Supporting this view, Eketere (2014) states that  audit act as a managerial control system in area of

1. Social and financial policy implementation
2. Checking of fraud and preventing errors through regular investigations of possible suspected areas of weakness for the control system.
3. Acting as a consultant to management in matter.
4. Monitoring external responses to the control system to minimize waste, losses and abuses.
5. Assisting to educate staff of the organization on the needs to adhere to manage control system.
6. Making sure that financial information production are authentic and reliable for policy and decision making.

It is suffice to say at this point that  control provides directions to all activities and monitor the working of all the section and branches of the organization control techniques. It is against this background seeks to explore and evaluate the effectiveness of an organization with reference to UBA pLC, Uyo.

Considering the fiduciary roles banks plays on the economy and the faced that bank dears with money and the need to present a true and fair view of the financial statement by the auditor, it became necessary to analyzed and measured the extent of bank control as a cost reduction technique and controls over its assets.

1.2   STATEMENT OF THE PROBLEM

Inefficient utilization and management to assist of an organization could be as a result of ineffective control system which can create lapses and loopholes for various fraudulent practices to thrive. This problem may be caused partly by management and or law middle staff due to weak designed  control system. This can lead to non achievement of organization objectives.

In the right of the above management of various banks are therefore faced with the task of ensuring operational efficiency which would lead to achievement of the corporate objectives. The question of how effective is the  control system put in place by management of this bank would proffer solution to the attendance fraudulent that may likely prevail in the bank.

1.3 OBJECTIVE OF THE STUDY

The major purpose of the study is to:

• Find out how control system help check fraudulent practice.
• Find out the type of control system adopted by the bank
• Find out the effect if a weakly designed control system in an organization.
• Access the need for audit department in the bank.
• Find out if the control system of the bank is operational and effective.

1.4   SIGNIFICANCE OF THE STUDY

Some of the expected benefit that would accrued from his study are highlighted and specify as follow;

1. It would assist management of organization on the need for a sound system of control as a deterrent to fraud.
2. It would provide information to management of organization and other employee on the need to good decision adherence to management policy.
3. Help management of the organization to design a social accounting and administrative policies and procedures.
4. Helps other researcher academician, institution and organization who may want to adopt the working in the future as a guide in control system.
5. Of important to the researcher as it is conducted as a requirement of the award of National Diploma in Business studies.

1.5   RESEARCH QUESTIONS

In the course of achieving the above objective effort would be made to provide answered to the following research question is stated as follows;

1. Does the control system help in checking fraudulent practice in your bank?
2. Does the need for audit department your organization?
3. Does the control system rate the existing control system in your organization?
4. Does the control system adopt control system in your bank?
5. Does the control system weakly design  control system in any organization.

 1.6   RESEARCH HYPOTHESIS

The following hypotheses were carried out to support the study.

Ho: There is no significant relationship between  control system and management effectiveness.

H₁:   There is significant relationship between  control system and management effectiveness.

Ho: There is no significant impact on the  control system and management

H₁: There is significant impact on the  control system and management.

DOWNLOAD COMPLETE PROJECT MATERIAL

CONTROL SYSTEM AND EFFECTIVE MANAGEMENT IN AN ORGANIZATION (A CASE STUDY OF UNITED BANK FOR AFRICA PLC, UYO)