CHAPTER ONE

INTRODUCTION

1.1 Background to the Study

The new National Policy on Education (2013) is designed to be functional, practical and qualitative. This is expected to reduce the mere paper work system associated with the former system of education and which led to the mass unemployment. This new policy on education emphasizes vocational and was formulated by many Nigerians to direct the nation towards technological and economic development and cultural renewal. The subject areas recommended for study and compulsory for every child in the post primary school system include science, vocational and social studies. Under the vocational area is accounting subject. Accounting is an indispensable field of study in education. It is a subject that is very essential for business. It helps both profit and non-profit making organizations. This is because it helps these organizations to make policies which helps for expansion.

It also accesses the efficiency of management to make decisions relating to further investment. It is an information and measurement system that identifies, records and communicates relevant, reliable and comparable financial data about an organization’s business activities (Wild, 2003). It helps us make better decision, including assessing opportunities, products, investments and social and community responsibilities, Accounting activities embraces all the line functions performed in accounting process and which include general financial accounting, accounting systems and design, cost accounting, budgeting, taxation, auditing and data processing.

1. 1. This material content is developed to serve as a GUIDE for students to conduct academic research work
2. 2. As a source for additional understanding of the subject.
3. 3. As a source for ideas for your own research work (if properly referenced).
4. 4. For PROPER paraphrasing (see your university definition of plagiarism and acceptable paraphrase)
5. 5. Direct citing (if referenced properly)
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