ABSTRACT

Most critics hold that there is paucity of accounting records maintained by co-operative societies.

This study therefore investigates the level and the adequacy of accounting records of co-operative societies.  To determine this, the fundamental objectives of the study among others are.

1.To identify and disclose whether adequate accounting records are kept by co-operative societies.

2.To determine the impact of the present level of accounting record’s on profitability and viability of co-operative  societies.

The entire cooperative societies in Enugu North local government area (registered) was the study population from which 98 was selected. A set of structured questionnaire was administered to the sample out of which 72 responded.  Oral interview were also used to collect useful data and information which could not have been portrayed by the questionnaire.

The collected data were classified, analysed and interpreted by the use of tables, percentage, product moment of correlation and chi-square (test of goodness of fit) was used in testing the hypothesis.

From the analysis of data the major findings are that.

a.Co-operative societies do not really maintain adequate accounting system.

b.There is weakness in the internal control system of co-operative societies.

c.Co-operative societies make use of their members as their accounting staff usually the secretary.

d.Most co-operative societies do not company with the established accounting standards.

e.The present level of accounting records in co-operative societies affect the profitability and viability of co-operative societies.

Based on the findings some of these recommendation were made.

i.Co-operative societies should employ experienced competent and trained accounting staff to improve their accounting system.

ii.The accounts of co-operative societies should be audited by external auditors like corporate organization.

iii.The management of co-operative societies (committee) should receive management training and also every member of the co-operative should be educated.

TABLE OF CONTENTS

Title page

Approval

Dedication

Acknowledgement

Abstract

Proposal

Table of contents

CHAPTER ONE 

INTRODUCTION

1.1Background of study

1.2Statement of problems

1.3The objective of the study

1.4Research hypothesis

1.5Significance of the study

1.6Scope and limitation of the study

1.7Definition of terms

CHAPTER TWO

 LITERATURE REVIEW

Definition of Accounting

Objectives and importance of accounting information

Importance of accounting

Definition and meaning of accounting 

system/composition of system.

Accounting system.

Importance of maintaining adequate 

accounting system

Definition and meaning of co-operative societies

Origin of co-operative society in Nigeria.

Problems of co-operative societies

CHAPTER THREE 

RESEARCH METHODOLOGY

3.1Sources of data

3.2Sample use and determination of sample size

3.3Method of investigation

CHAPTER FOUR 

4.1Presentation and analysis of data

4.2Data analysis

4.3Test of hypothesis

CHAPTER FIVE

5.1Findings

5.2Conclusion

5.3Recommendations

Bibliography

Questionnaire