CHAPTER SIX
SUMMARY,
CONCLUSIONS AND RECOMMENDATIONS
This chapter is devotes to summarize the
implication of findings, conclusion and recommendations.
Restatement of the
Problem
Observation and interview conducted by
the researcher in Ebonyi State Transportation Corporation in Abakaliki revealed
that some respondent do not value the role of an accountant and managers of
business corporation do not appreciate the role of the accountant in assisting
the management. This negligence of the role of an accountant has result to the
ineffectiveness and inefficiency of an organization. Organization has undergoes
a lot of fraud, low performance and wastage of resources. All this prompt the
researcher to ask the following question:
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 operation?
3.
To
what extent does 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 goal?
5.
What
are the strategies of improving effectiveness and efficiency of an accountant?
Summary of
Procedures Used
A survey research design was used in
carrying out .this study was carried out in Ebonyi State Transport Corporation which
covered Abakaliki Local Government. The population of this study comprised of
one hundred and twenty two (122) staff of Ebonyi state transport and the
stratified simple random sampling technique was used to determine the total
transport corporation in Abakaliki Local Government Area. The collection of
data was done based on the use of Questionnaires. The Questionnaire was just in
a section (section “A”) and it dealt with items which were used to answer the
research questions. Each of these research questions was expanded to accumulate
various options of respondent towards the idea being portrayed in such
question. One hundred (100) questionnaires were distributed and one hundred
were filled and collected/returned instantly, which showed 95.24% returned of
the filled copies of questionnaire. Finally mean statistics and standard
deviation was used in analyzing the result of the respondents.
Summary of
Principal Findings
The researcher based the summary of
findings from the data gathered and analyzed in chapter four (4)
Result on table 4.1 shows that there
are roles an accountant play in an organization that enables the effectiveness
and efficiency of the organization
Result on table 4.2 shows that
Accountant can assist an organization to achieve effectiveness in its
performance/operation.
Result on table 4.3 shows that
accountant assist an in the budget to achieve efficiency in the budgeting
process.
Result on table 4.4 shows that an
account helps an organization to achieve its organizational goal.
Result on table 4.5 shows that there
are ways of improving on the problems facing an accountant in an organization
to achieve effectiveness and efficiency.
Implication of
the Findings
The study has the following
implications:
1.
Organizations
should endeavour to allow an accountant to perform his role effectively and
efficiently in prudence.
2.
Organizations
should see to the problems facing the accountant in the organization and solve
them, in order to enhance the accountant efficiency and effective
operation/performance in the organization.
3.
Organizations
should make use of the accounting information during the budgeting process to
enhance efficiency.
4.
Organization
should recognize and appreciate an accountant’s role in achieving
organizational goal.
Conclusions
From the findings of the study, the
following conclusions were made:
1.
There
are roles an accountant play in every organization for survival and growth.
2.
Accountant
will assist the management of an organization in achieving organizational
effectiveness in operation.
3.
Accountant
will assist the management in achieving organizational efficiency in the
budgeting process.
4.
accountant
help an organization to achieve its goal
5.
There
are strategies of improving effectiveness and efficiency of an Accountant.
Recommendations
1.
The
management or business owner should regard accountant very important since they
are information giver, giving information about revenue and financial position
of organization.
2.
Accountant
should be allowed to analyze financial records in the organization because it
is a way of resolving discrepancies and ascertaining fraud.
3.
Management
is encouraged to make employment of accountant who owns the duty of financial
data collection, entry and maintenance of financial record in compliance with
ethical guideline of accounting.
4. Management should regularly invite an
internal auditor to examine the financial records or financial statement prepared
by an internal auditor