Critical Appraisal Of The Accounting Method In The Petroleum/Petrochemical Industry
(A Case Study Of Eleme Petrochemical Company Ltd)
Accounting has been described as the language of business. This is true; in fact it could be seen as the language of life because everybody is involved in accounting consciously or unconsciously in their daily life.
The research work is on the topic “A Critical Accounting Appraisal of Accounting Method in the Petroleum/Petrochemical Industry.
Accounting methods have been defined as the medium through which the fundamental accounting concepts are applied to financial transactions and to the preparation of financial statement. It is the item of adopted in recognizing, measuring and valuing an item of revenue, expenses, gain, loss or any asset or liability. Because of the existence of more than one accounting methods due to the complexity of business types and transactions arose need for the research.
In this work, therefore, the researcher has been conducted a study into the accounting methods as applicable in petroleum /petrochemicals industry with a direct contact at Eleme Petrochemical Company Ltd. It is directed to find out, if there exist accounting methods and whether they conform with the required standard.
The study has been divided into (5) five chapters. It had taken us through the background of the study, information about the company and variety of reviewed literature.
In the process of research, various research instruments and methodology have been employed to arrive at eh conclusion gotten. To this effect, some recommendations have been made in areas of lapses. The researcher therefore believes that if this work is not neglected by the parties involved. It will be grant help to them.
NOTE: Preview the following Table of Content before you download the full content. WYSIWYG – What You See Is What You Get.
Title Page
Approval Page
Certification
Dedication
Acknowledgement
List of Tables and Graphs
Abstracts
CHAPTER ONE
1.0 Introduction
1.1 Statement of the problems
1.2 Need for the Study
1.3 Objectives of the Study
1.4 Research Questions and Hypothesis
1.5 Scope of the Study
1.6 Assumptions of the Study
1.7 Limitations of the Study
1.8 Definition of Terms
CHAPTER TWO
2.0 Literature Review
2.1 Evolution and Nature of Accounting
2.2 Definition, Meaning and Purpose of Accounting
2.3 Conceptual Framework of Accounting
2.4 Accounting Equation and Systems
2.5 Accounting Methods
2.6 Accounting Process, Cycle and Classification of Accounts
2.7 Petroleum Accounting Methods
2.8 Oil and Gas Accounting Methods
2.9 Other Accounting Treatment
CHAPTER THREE
3.0 Theoretical Framework and Methodology
3.1 Introduction
3.2 Theoretical Framework
3.3 Rationale for Choice of Variables
3.4 The Methodology
3.5 Data Selection and Analysis
CHAPTER FOUR
4.0 Presentation and Analysis of Data
4.1 Introduction
4.2 Data Presentation, Classification and Calculations
4.3 Analysis of Data, According to Research Hypothesis
4.4 Analysis of Data to Test of Hypothesis
4.5 Interpretation of Results
CHAPTER FIVE
5.0 Summary, Conclusion and Recommendations
5.1 Summary
5.2 Conclusion
5.3 Recommendations
5.4 Areas of Further Study
Bibliography
Appendices
This “Critical Appraisal Of The Accounting Method In The Petroleum/Petrochemical Industry” file contains 5 Chapters, 106 Pages and 13,560 Words.
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