A Comparative Analysis Of The Applicationn Of Accounting Principles In Private And Public Sectors (24571)
This research work focused on the application of accounting principles in the public and private sectors of the economy. In carrying out this study, the researcher distributed sixty (60) questionnaires and to some organizations (two public organizations and two private organizations), data gotten were expressed in percentages and tested upon by the adopted statistical tool (ANOVA), at 95% level of confidence. This gave rise to the rejection of all null hypotheses (H0) leaving the researcher with the acceptance of the alternative hypotheses (H1) which led to the conclusion that: There is a significant uniformity, in the application of accounting principles generally used in the public and private sectors. Strict adherence on the application of accounting principles has helped the organization in decision making. Application of accounting principles has aid the public and private sectors in long and short run economic development projects. The researcher, after the discussion of findings recommended among other things that all organizations from both sectors should be made to comply fully with the standard requirements which can only be achieved by setting a high level of committee to examine non implementation of these accounting standard.