Select Currency
Translate this page

INTERNAL CONTROL AS AN EFFETIVE MANAGEMENT TOOL IN THE BANKING INDUSTRY A CASE STUDY OF FIRST BANK OF NIGERIA PLC ENUGU MAIN

Format: MS WORD  |  Chapter: 1-5  |  Pages: 72  |  5054 Users found this project useful  |  Price NGN5,000

  DOWNLOAD THE COMPLETE PROJECT

ABSTRACT

This project was carried out with the sole aim of studying an evaluating the internal control system in a banking industry- using first Bank of Nigeria PLC, Enugu main as a case study. The project is written in five chapters: chapter one is the introduction which include the background of the study etc. chapter two enumerated literature Review, where the earlier views on internal controls were reviewed to avoid duplication chapter three is the Research Methodogy. Chapter for –data pre sanitation, Analysis and interpretation and finally, chapter five includes: summary, findings, recommendations, implications, limitations of the study and suggestions. In handling this project, the survey and historical research method was employed. A total of 99 workers were chosen as the population of this study. The workers were grouped as staff and non-staff. The staff were 65 in number, which revealed that the 65 staff were made up of 13 management staff, 44 senior staff, 8 junior staff. While the non-staff were 34 in number which made up of 2 contract staff and 32 I.T Staff since the project topic “internal control as an effective management tool in the banking industry” is an important topic, the staff population was chosen, since they are the one to understand the language of the project topic. The study tools were mostly through questionnaires, oral interviews, reading which includes text books, journals, pas texts, newspapers, annual reports and statement of accounts, manuals, encyclopedia, and other publication; and observations. The data collected were interpreted to the understanding of everybody through the use of tables, pie chart, and chi-square.The study over-viewed the following areas: definitions, categories, types and essentials of internal control system. others are plan of organization authorization, managerial supervision, internal check  and internal audit.          
The findings that, top management rely heavily on internal auditors and inspectors report for managing, controlling and decision making among other findings. The research made some recommendations which is hoped will help for the achievement of effective internal control system as well as effective management in FBN PLC.

 

CHAPTER ONE

INTRODUCTION

1.1     BACKGROUND OF THE STUDY

Internal control is control within the company. In this type of control employees within the establishment can be useful sources which could be very helpful of more effectiveness of the desired goal. This means that it must be within the establishment’s restraints, authority or command. It involves a check within the banking industry to facilitate the effectiveness of its management. The banking industry of every economy consists of all the activeness of financial institutions geared towards setting and maintaining a healthy cash flow and management policy in such economy.  Banking industry cannot perform their functions very well without maintaining a sound internal control. This is the reason for the study of internal control and its role in the effective management of the banking industry.            
According to the Canadian institute of chartered accountants, exposure draft of proposed auditing recommendations, internal central comprise of the plan of an organization and all the co-ordinate systems established by the management of the enterprise to achieve management’s objective of ensuring as far as it is practical. The orderly and efficient conduct of its business including the preparation of reliable financial information.          
E. Murphy in her text described internal control as the plan of organization and all of the co-ordinate methods and measures adopted within a business to safeguard its assets, check the accuracy and reliability of its accounting data, promote operational efficiency and encourage adherence to prescribed managerial policies. 
Internal control system could be viewed as a firms organization plan including all methods and measures the firm takes to:-
1.                 Safeguard it’s assets
2.                  Ensure the accuracy and reliability of its accounting data.
3.                 Promote operational efficiency and
4.                 To encourage compliance with organization policies.It is the responsibility of management to determine the internally control system which is appropriate to the organization. The nature and extent of controls will vary between organizations. That is, it differs from one organization to another. 

  DOWNLOAD THE COMPLETE PROJECT

INTERNAL CONTROL AS AN EFFETIVE MANAGEMENT TOOL IN THE BANKING INDUSTRY A CASE STUDY OF FIRST BANK OF NIGERIA PLC ENUGU MAIN

Not The Topic You Are Looking For?



For Quick Help Chat with Us Now!

+234 813 292 6373

+233 55 397 8005


HOW TO GET THE COMPLETE PROJECT ON INTERNAL CONTROL AS AN EFFETIVE MANAGEMENT TOOL IN THE BANKING INDUSTRY A CASE STUDY OF FIRST BANK OF NIGERIA PLC ENUGU MAIN INSTANTLY

  • Click on the Download Button above.
  • Select any option to get the complete project immediately.
  • Chat with Our Instant Help Desk on +234 813 292 6373 for further assistance.
  • All projects on our website are well researched by professionals with high level of professionalism.

Here's what our amazing customers are saying

Stancy M
Abia State University, Uturu
I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much iprojectmaster, infact, I owe my graduating well today to you guys...
Excellent
Abdulrazak Bello Marsha
Usman Dan fodio University
It was quite a better guide for project and paper presentation purpoting. Many thanks.
Average
Gbadamosi Solomon Oluwabunmi
Lasu
Swift delivery within 9 minutes of payment. Thank you project master
Excellent
Dau Mohammed Kabiru
Kaduna State College of Education Gidan Waya
This is my first time..Your service is superb. But because I was pressed for time, I became jittery when I did not receive feedbackd. I will do more business with you and I will recommend you to my friends. Thank you.
Very Good
Adam Alhassan Yakubu
UDS
Excellent work and delivery , I promise to share my testimonies everyone in need of this kind of work. You're the best
Excellent
JONNAH EHIS
Ajayi Crowther University, Oyo
I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!
Excellent
Abubakar Iliyasu Hashim
Federal college of education pankshin affiliated to university of jos
I am highly impressed with your unquantifiable efforts for the leaners, more grace to your elbow.I will inform my colleagues about your website.
Very Good
Merry From BSU
I am now a graduate because of iprojectmaster.com, God Bless you guys for me.
Excellent
Joseph M. Yohanna
Thanks a lot, am really grateful and will surely tell my friends about your website.
Excellent
Samuel From Ajayi Crowther University
You guys just made life easier for students. Thanks alot iprojectmaster.com
Excellent

FREQUENTLY ASKED QUESTIONS

How do I get this complete project on INTERNAL CONTROL AS AN EFFETIVE MANAGEMENT TOOL IN THE BANKING INDUSTRY A CASE STUDY OF FIRST BANK OF NIGERIA PLC ENUGU MAIN?

Simply click on the Download button above and follow the procedure stated.

I have a fresh topic that is not on your website. How do I go about it?

How fast can I get this complete project on INTERNAL CONTROL AS AN EFFETIVE MANAGEMENT TOOL IN THE BANKING INDUSTRY A CASE STUDY OF FIRST BANK OF NIGERIA PLC ENUGU MAIN?

Within 15 minutes if you want this exact project topic without adjustment

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

What if I want to change the case study for INTERNAL CONTROL AS AN EFFETIVE MANAGEMENT TOOL IN THE BANKING INDUSTRY A CASE STUDY OF FIRST BANK OF NIGERIA PLC ENUGU MAIN, What do i do?

Chat with Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

How will I get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 813 292 6373

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!