Make the state internal revenue service sirs the only collecting platform for all the tax and nontax revenues accruing to the state government. The study made use of both the primary and the secondary data. Revenue generation is a major source of income to nigeria and the states in general, even though it is said to be dwindling due to weak controls in the systems of revenue generation and workers attitude. There is no internal control measures put in place to ensure effective utilization of revenue generated. As a positive consequence of adequate internal control systems. These two extremes will invariably have adverse effect on the profit performance of the commercial banks and as such the management will always try to strike a balance or tradeoff for. Specifically, the study was set in order to meet three objectives. Background of the study every organization has a purpose, which includes making some product and rendering some services at a price. This paper therefore researched into the role of budget and budgetary control on organizational performance. Impact of information technology on tax administration n i southwest, nigeria by olaoye clement olatunji ph.
Internal control and public sector revenue generation in nigeria. Again, we found that existing internal control systems functioned. The effect of internal revenue generation on infrastructural. Mawanda 2008 conducted a research on effects of internal control systems on financial performance in institution of higher learning uganda. Internally generated revenue igr may be in the form of education counterpart funding scheme ecfs which serves to fund the university system apart from the statutory grant that is received from the government.
At all levels of the organization, the management and personnel have to be involved to address risks and to. Effective revenue mobilisation by districts assemblies. Get this work the impact of internal control system. Entertainment duty, casino revenue, betting tax, advertisement tax and others by the ghana internal revenue service are examples of ceded revenue. The objective of the study includes examining how the application of strategic control and.
According to franzsen and semboja 2004, prior to rationalization of taxes, 20 percent of local governments own. Journal of case research in business and economics the effectiveness of internal, page 3. The main problem was that there is increased level of fraud and misappropriation of funds in kenyan commercial banks caused by poor internal control measures. A sound internal control process is critical to an entity to reduce problems associated with lowering revenues and too enable the entity to meet its established objective. See below for the abstract, table of contents, list of figures, list of tables, list of appendices, list of abbreviations and chapter one. In terms of the analysis based on ohlson 1995 model, the negative impact of the. To identify the strengths and weaknesses of the system of internal control in all. Erhagbe 2014 states that igr is the creation of tangible and intangible funds within the confines of ones entity. The impact of internal control system in revenue generation a. Internal control is a dynamic integral process that is adapting continuously to the changes facing modern organizations. The study sought to investigate the effect of internal controls on fraud detection and prevention among commercial banks in kenya.
Revenue management, sometimes referred to as called yield management refers to a combination of methods employed to improve the viability of a business. Pdf the moderating effect of internal control system on revenue. The study found that internal control systems significantly enhances the performance of the faithbased ngos, in two aspect. However, the performance of internal control systems in organization improves the revenue collection. Power holding company of nigeria phcn okpara avenue enugu. The importance, how to, effect causes relationship, comparison, history, role, solutions are discussed. Internal control systems impact on commercial banks might be as a result of nonadherence to the system or stringent, inflexible adherence on the system. The questionnaires were used in gathering the primary data while secondary data were collected from the work of others in the. Developing a strong system of internal control enables management to deal with rapidly changing economic and competitive environment, priorities and restructuring for future growth. Impact of information technology on tax administration in. Get free research paper on the impact of internal control system on revenue generation project topics and materials in nigeria.
Ensure that more projects that would better the lots of the people are executed by the government to fulfil its campaign promises. A case study of power holding company of nigeria p. Internal control is the type of control designed and installed by the management of an organization for the growth and survival of the organization. Effect of internal control on financial performance of. Pdf the impact of internal control on the performance of. It is the responsibility of the management to ensure and maintain this system of control to enhance profitability. Moreover, previous studies have examined the effect and relationship between internally generated revenue and government expenditure, internal control and internally generated revenue, or internal control system and government expenditure e. Internally generated revenue igr and effectiveness of. Abstractthe objective of this study was to evaluate the internal control system in operation at power holding company of nigeria plc in enugu state with a. The research was aimed at studying the impact of effective internal control on the revenue generation of local government councils in ankpa local government council. Does internal control system have any impact on the quality of. Thus, the purpose of this study is to examine and evaluate the internal control system in operation at power holding company of nigeria in enugu state with a view of knowing its impact on revenue generation in the state. The impact of internal control system in revenue generation a case study of enugu electricity distribution.
Abstract local government is faced with varieties of. Abstract the objective of this study was to evaluate the internal control system in operation at power holding company of nigeria plc in enugu state with a view to knowing its impact on revenue generation in the state. Social internal control mechanisms and revenue generation in. The impact of internal control system on revenue generation, free undergraduate project topics, research materials, education project topics, economics project topics, computer science project topics, hire a data analyst. Download the complete accounting project topic and material chapter 15 titled the impact of internal control system in revenue generation a case study of enugu electricity distribution company here on projects. In his study he investigated and sought to establish the relationship between internal control systems and financial performance in an institution.
An internal control system that is effective offers rational guarantee that guidelines. Review of related literature the accounting and administrative system of an entity may be simple, or they may be massive and complex. Every organization has a purpose, which includes making some product and rendering some services at a price. Abstractthe objective of this study was to evaluate the internal control system in operation at power holding company of nigeria plc in enugu state with a view to knowing its impact on revenue generation in the state.
The objective of this study was to evaluate the internal control system in operation at power holding company of nigeria plc in enugu state with a view to knowing its impact on revenue generation in the state. Tax is a compulsory levy imposed by government on individuals and companies for the various legitimate function of the state olaoye, 2008. This study therefore seeks to explore the effectiveness of the internal controls in zimras revenue management given the claims and perceptions to the contrary. Its impact on government developmental effort a study of selected local council in kogi east senatorial district edogbanya, adejoh. The impact of internal control system on revenue generation. The paper therefore aims to verify whether the huge capital outlay on accounting software and other internal control systems done by zimra has any impact in the revenue collection. To assess whether monitoring activities have moderating effect diversification strategies. From the above, it is therefore imperative to say that, internal controls play a significant role in helping managers to achieve their goals hence the need for this study to investigate the effects of internal controls on revenue collection at kenya revenue authority. The study designed to investigate the effect of internal control systems on. Download undergraduate projects topics and materials accounting, economics, education. Finally, the relevance of internal control system has expanded far beyond its traditional ambit of protection against theft and fraud well into the areas of effectiveness, accountability and operational efficiency, hence the need for evaluating the concept of internal control on cash collection.