Internal Control as a Means of Enhancing Profitability in a Manufacturing Company
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Abstract on Internal Control as a Means of Enhancing Profitability in a Manufacturing Company
Profitability is the hallmark or mainstay of any business undertaking. It is the wish of any business entity to maximize profit and maintain a resounding level of liquidity. There is no doubting the fact that this objective of profit maximized if there is no strong and adequate system of internal control.
Sequel to the above, this research work is designed to carry out an empirical study on the internal control system of Apaco foam and chemical industry limited, Agbor, Delta State and to suggest and or recommend ways that a strong and adequate internal control system can assist the company to maximize profit from its operations.
Chapter one deals with the general over-view of the research work. It shows a brief history about the company under study. Also it discloses the significance of the study, the aims and objetive and operational definition of some technical terms.
In chapter two, the research dwells on the theoretical frame work of the research topic. The chapter shows the history and development of internal control, the meaning of internal control, various types of accounting systems, the need for internal control, internal and external audit, profitability versus liquidity internal control in a computer based accounting system, among others.
Chapter three focuses on the research methodology which includes methods of data collection, population of the study, sample size, methods of data analysis etc.
In chapter four, the researcher concentrates on Data presentation, analysis and interpretation, many tables are used for analysis of data so as to validate the study and also test of hypothesis.
Finally chapter five dwells on summary of findings, recommendations and conclusion.
Proposal on Internal Control as a Means of Enhancing Profitability in a Manufacturing Company
Internal control as a means of enhancing profitability in a manufacturing company.
The aim of this study is to examine the internal control system in Apaco Foam and Chemical Industries Ltd Agbor Delta State with a view to determining its efficacy in the process of profit maximization in the company. The researcher intends to exray various internal checks or control strategies applied in the company Apaco Foam and Chemical Industries Ltd Agbor Delta State and how it has increased profitability in that company as well as promises a substantial growth and development in its commercial operations and industrial relations practice.
To successful carryout this study, the researcher intends to embark on empirical approach or research, using mainly primary data source through questionnaires (written & oral) personal observations etc.
Secondary source will be gathered through relevant documentary materials which will be used for reviews explanations or analysis of some technical terms.
The researcher intends to arrange data collected in tables and also intends to analyze the state in simple percentages. The research intends to make further explanation on the research findings and profers some recommendation, solutions and suggestions. The research intends to systematically present this work in a chapters and each step will help into verification of all aspects of internal control strategy or strategies applied into the company.
Chapter one will dwell on general over-view of the research work. It will show a brief history about the company and it will disclose the significance of the study, the aims and objectives and operational definition of some technical terms.
Chapter two, the researcher will dwell on the theoretical frame work of the research topic the chapter will show the history and development of internal control, the meaning of internal control, various types of accounting systems, the need for internal control, internal & external audit, profitability versus liquidity internal control in a computer based accounting system.
Chapter three will focus on the research methodology which includes methods of data collection, population of the study, sample size methods of data analysis, research design.
In chapter four the researcher will concentrate on data presentation, analysis and interpretation, and test of hypothesis.
Finally chapter five will dwells on discussion of findings, recommendations and conclusion.
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