CHAPTER FIVE
DISCUSSION OF FINDINGS
This study has revealed the role of
an accountant in an organization specifically Ebonyi State Transport
Corporation. The findings shall be discussed under the following headlines:
1. What are the roles of an accountant in
an organization?
2. To what extent does an accountant
assist the management of an organization in achieving organizational
effectiveness in operations?
3. To what extent does an accountant
assist the management in achieving organizational efficiency in the budgeting
process?
4. To what extent does an accountant helps
an organization to achieve its goals.
5. What are the strategies of improving
effectiveness and efficiency of an accountant?
5.1 The
Role of an Accountant in an Organization
In table 4.1 with research question
1, it was revealed that all the items were rated above the cut of point of
2.50. This shows that accountants play several roles in an organizational
process. However, Igben (2009) asserted that accountant is presentation of
timely and accurate financial reports to management, identification of areas of
inefficiency and wastage of resources, treasuring function, setting up
effective system of internal and accounting controls, preparation of
feasibility reports, investigation of the performance/operations, in a business
organization, investigation of fraud within the organization and assisting the
organization to avoid – rather than evade – tax by using his knowledge of the
tax laws. However, accountants are life wire of a successful business.
5.2 The Extent an Accountant will Assist
Management of an Organization will Achieve Organizational Effectiveness in
Operation
In table 4.2 with research question
2, it was revealed that all of the items in the questions are rated above the
cut of point 2.50. Thus an accountant of an organization will assist that
organization to achieve effectiveness to very great extent, according to Davis
(2013). Accountant will help organization to achieve effectiveness in operation
to the extent of financial data management, analysis and advice, financial
report preparation, compliance and external business affiliations.
5.3 The Extent an Accountant Assist the
Management in Achieving Organizational Efficiency in the Budgeting Process
In table 4.3 with research question
3, it was revealed that all the three (3) items of the question were rated
above the cutoff point of 2.50. Therefore, it was revealed that accountant
assist the management in achieving organization efficiency in the budgeting
process to the extent of planning the cost action that helps to foresee the
future transaction, providing information to management of an organization that
assist them to arrange the financial obligations coming in the business
process, and accountants also provide information that helps the management of
an organization to ascertain that the prepared budget works in conjunction with
long term goals of the future.
5.4 The Extent Accountant Helps an
Organization to Achieve its Goal
In table 4.4 with research question
4, it was revealed that all the four items to the question were rated above the
cutoff point or 2.50. However Davis (2013) stressed that an accountant assist
an organization to achieve its goal by making provision of timeliness of
reports, cost–effective against waste, information provider for effective
business plan and provision of reliable information for organizational
survival. However, an effective and efficient accountant aids the achievement
of an organizational goal.
5.5 Strategies of Improving Effectiveness and
Efficiency of an Accountant
In table 4.5, with research question
5, it was revealed that all the five (5) items to the question were rated above
the cutoff point of 2.50, thus, this reveals that accountant in the discharge
of their duties face some challenges and this challenges has affected the
organizational effectiveness and efficiency. However, all this challenges can
be improved and the suggested ways to improving on the problems of an
accountant to achieve effectiveness and efficiency. This are; non management
interference and opposition, effective and efficient in supply of information,
training and retraining of accountant, allowing an accountant to handle/keep
the financial an accountant to handle/keep the financial statement record and
also to provide a suitable and acceptable working facilities for the
accountants in an organization.
Implication of the Study
The analysis of data collected and
findings of this study revealed that, the study has the following implication:
1. Accountants of organizations should
endeavor to take their role as a responsibility as it enhances the
organizational growth and sustainability.
2. Effective and efficient accountant
enhance organizational performance/operation.
3. Accountants of organization can provide
information capable of enhancing efficiency in the organizational budgeting
process.
4. Accountants should put all effort in
the actualization of the organizational goal.
5. There
are strategies of improving on the problems accountants faced in an
organization. Thus; management should endeavor to have it to heart as a
concern.