ABSTRACT

The effect of improper bookkeeping on institutional management is enormous. The survival of every institution, organization and business relies on the work of bookkeepers. The study into bookkeeping was motivated by the invaluable role they play in the socio-economic development of the country.

Interestingly, the performance of most bookkeepers has been abysmal and lack the expertise needed for efficient bookkeeping and efficient financial management to ensure better utilization of fund that is accumulated.

The Ghana Institute of Languages, Accra city campus, was used as a case study. In so doing, relevant questions about the subject area were asked. The data collected from respondents were fully analysed with tables, percentages, bar charts and pie charts to find out whether the purpose of the work was achieved.

The findings from the information analysed indicated that the institution does not lack quality human resource; the treasury department do have knowledge of the international accounting standards and the International Financial Reporting Standards (IFRS).

In this regard, valuable suggestions and recommendations have been made for consideration and it is believed that the recommendations would help accelerate proper bookkeeping in the country. This will improve the activities of bookkeepers in the provision of services to the general public.