THE EFFECT OF LACK OF PROPER ACCOUNTING SYSTEM ON GOVERNMENT OWNED HOTELS (CASE STUDY OF HOTEL PRESIDENTIAL LIMITED ENUGU). A RESEARCH PROJECT MATERIAL ON ACCOUNTING
Most government owned establishment in Nigeria, in which hotel business is one, are no longer booming in the nation competitive economy due to improper accounting system existing there in. as a result of nonchalant attitude of its staffs.Accounting which is the foundation of every business has been of age in the society. This problem had motivated the researcher to examine. The effect of lack of proper accounting system on government owned hotel, “Hence the emphasis on hotel presidential limited, which is a typical government owned hotel in Nigeria. To obtained a valid and reliable knowledge, which provide us with true information , we make use of research methodology.The first chapter is the introduction, which gives hints on accounting standards and means of achieving management objectives. Chapter two is the review of related literature, which suggested alternative accounting and recording system, which was carefully integrated to from the basis of comparison with that of hotel presidential limited. Ad this juncture, it is pertinent to state that reference(s) were made to other peoples work in the causes of this study.The research design and methodology, which illustrates the means of data collection and presentation. The population size of the study was 30, while the sample size was 28.Also is the data presentation and analysis. Primary data collected through questionnaire were presented and analyzed using tables and percentages while chi – square (x2) test was used for the test of test was used for the test of hypothesis formulated for the study.Finally, findings, which exposed the problem facing hotel presidential Limited and some possible recommendations. The researcher was able to establish that staff are not well exposed in their respective field of responsibility especially in the accounting and control departments. In light of the above findings, the researcher. Recommended that the hotel should employ experts with good knowledge of the theory and application of management accounting principles and techniques. The study established the effect of an improper accounting system as lending to non-performance in government owned hotel.
In recent years, some government owned establishment have failed to achieve the objectives which they were meant to achieve. This trend has extended to government owned hotels, and has reflected in their fast becoming a burden instead of relief to the government. Many experts has attributed these shortcoming to “ Lack of proper accounting and control” that exists in these establishments.