Criticism of accounting information system in Nigeria Railway Corporation Enugu

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DISAGREEMENT BETWEEN ACCOUNTS OFFICERS AND MANAGING/HEAD OF DEPARTMENT.

In the even where there is disagreement between the managing director and the director of finance which matter is of major importance, the director of finance shall request that the matter be brought before the board. Where the disagreement is between the head of department and his departmental finance and account officer, the matter shall be referred to the director of financial whose division shall be finance on matters of accounting or financial nature.
When the disagreement is a policy the director of finance shall refer it to the managing director for decision.
Therefore, when the managing director or head of department is unwilling to make steps on the above disagreement the director of finance shall have direct access to the board.

ACCOUNTING SYSTEM IN THE NIGERIA RAILWAY CORPORATION

Budgets or estimate are prepared covering a defined period of time of the over all policy to be pursued during the given for the purpose of attaining a given objective or goal. For budgets to be effective there must be a control which means that a check has to be made in the course of corporation which is known as budgetary control.
It advantages can be summarized as follows:
a. Making plans for the future
b. Setting up budget based on plan
c. Recording actual revenue and expenditure promptly and accurately
d. Comparing actual revenue and expenditure with budget investigating reasons for variations and reporting to management.
e. Taking a corrective measure based on reports from an account officer.
Function within each, department for which funds are dictated and divided into sections known as cost centers. A senior staff must be identified as responsible for the operation and financial control of a cost center he shall be known as controlling officer as he is part of management thus bringing him into more active and responsible participation in the corporation activities. There are three facts to the corporation annual budget they are revenue budget maintenance, expenditure budget and capital expenditure.

READ Volatility dynamics in a term structure

REVENUE

The corporation gets their revenue through coaching and good traffic advertising and other miscellaneous source such as vent, land and building, sales of scrap, unclaimed goods and other overhead charges on work done for outside parties etc. budget by allocating to form the first draft. After that the divisional accountant shall summon each head of department in turn to a meeting to consider first draft. The divisional account shall determine the general changes and net revenue account

CHAPTER ONE
1.0 Introduction
1.1 Background of the study
1.2 Statement of problem
1.3 Objective of the study
1.4 Research questions
1.5 Hypothesis of the study
1.6 Significance of the study
1.7 Scope and limitation of the study
1.8 Definition of terms
CHAPTER TWO: LITERATURE REVIEW
2.0 literature review
2.1 The concept of accounting information system
2.2 The importance of accounting information
2.3 The users of accounting information
2.4 Criticism of accounting information system in Nigeria Railway Corporation Enugu
2.5 The output of an information and the users.
2.6 The outline of the information generation process and source document
2.7 Application of computer system
2.8 Accounts department in the Nigeria Railway Corporation Enugu
2.9 Functions of the accounts department
2.10 Officers of the accounts departmen
2.11 Accounting officers and heads of department-
2.12 Disagreement between accounts officers and heads of departme
2.13 Accounting system in Nigeria Railway Corporation
2.14 Capital expenditure budgeting
2.15 Expenditure checking section
CHAPTER THREE: RESEARCH DESIGN AND METHODOLOGY
3.1 Research design
3.2 Sources of data
3.3 Research instrumen
3.4 Reliability and Validity of research instrumen
3.5 Population
3.6 Sample size/ techniques
3.7 Administration of research instrument
3.8 Method of data analysis
3.9 Decision criterion for validity of hypothesis
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1 Data presentation
4.2 Testing of hypothesis
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1 Summary of findings
5.2 Conclusion
5.3 Recommendation
Bibliography