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The Use of Accounting System in the Nonprofit-Oriented Church Organizations of Nigeria

Author

Listed:
  • J.C.Ihemeje
  • Geff Okereafor
  • Bashir M. Ogungbangbe

    (College of Management Sciences, Michael Okpara University of Agriculture, Umudike)

Abstract

The objective of the study is to appraise accounting system in nonprofit organization. Both primary and secondary sources of data collection were used in generating relevant data for this study. The adoption of accounting system does enhance the accountability and transparency of financial records and activities of the Church. The attitude of senior officials of the Church towards accounting system is negative. The use of accounting system has a strong effect on the financial activities of the organization. The accounting system should be adopted by a nonprofit organization to enhance the accountability and transparency of financial records and activities of organizations. Senior officials of the organization should develop a positive attitude towards accounting system owing to its notable contribution to the growth and development of the organization.

Suggested Citation

  • J.C.Ihemeje & Geff Okereafor & Bashir M. Ogungbangbe, 2015. "The Use of Accounting System in the Nonprofit-Oriented Church Organizations of Nigeria," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 1(12), pages 58-66, November.
    • Handle: RePEc:mgs:ijmsba:v:1:y:2015:i:12:p:58-66
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    References listed on IDEAS

    as
    1. Barth, Mary E. & Beaver, William H. & Landsman, Wayne R., 2001. "The relevance of the value relevance literature for financial accounting standard setting: another view," Journal of Accounting and Economics, Elsevier, vol. 31(1-3), pages 77-104, September.
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    More about this item

    Keywords

    Accounting System; Non-profit Organization; Churches; Nigeria;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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