Tag Archives: Internal control

Evaluation of Internal Control System on the Performance of Cooperative Societies in Selected Tertiary Institutions in Ondo State, Nigeria (Published)

The study assessed the internal control systems on performance of cooperative societies in some selected tertiary institutions in Ondo States, Nigeria. A stratified sampling technique was adopted for the study. The data were collected from members of registered cooperative societies in the selected tertiary institutions in the study area using structured questionnaire.  The statistical tools used include de, Likert ratings, regression analysis and paired sample t-test. Results revealed that the selected cooperative societies often use all the key internal control measures which influence their performance, which include authorization measure (p = 0.027), arithmetic and accounting measures (p = 0.000), as well as budgetary measures (p = 0.001. The study recommended that cooperative societies in the tertiary institutions should strengthen their internal controls to ensure good performance

Keywords: Cooperative, Institutions, Internal control, Loans, Performance, Tertiary

Internal Control and Financial Performance of Hospitality Organisations in Rivers State (Published)

In the recent past, a number of organisations across the world failed irrespective of internal controls. This has raised concerns about the relevance and influence of internal control, especially as it affects the financial performance of an organisation. The main objective of this study was to determine the effect of internal control on financial performance of hospitality organisations (HOs) in Rivers State. The survey research design was adopted for this study. The population of the study was made up of all HOs operating in Rivers State. Convenience sampling technique was adopted in selecting twenty HOs that constitute the sample of this study. Data collection was done primarily using structured questionnaire and secondarily through journals, textbooks and the internet. The questionnaire was validated by senior academic and professional colleagues. The reliability index of the instrument was 0.765 obtained using the Cronbach Alpha technique. Data analysis was carried out using descriptive statistics of percentages, means and standard deviations. Linear regression and correlation analysis were used in testing the hypotheses postulated. The investigation found that internal controls to a significant extent influence financial performance of HOs and that a positive relationship exist between internal control and financial performance of HOs in Rivers State. The study concluded that the control environment affects total revenue as such influences the financial performance of HOs, its non-existence or inadequacy may spell doom for an orgainsation. One of the recommendations made was that management of HOs should regularly upgrade their information and communication framework to enable them cope with the frequent changes in the global environment and as such improve their financial performance.

Keywords: Control Environment, Financial Performance, Information and Communication, Internal control, Risk Assessment

Research on the Relationship between Internal Control and R&D Investment (Based On the Empirical Study of Gem Listed Companies) (Published)

Based on the data of GEM listed companies from 2010 to 2015, this paper analyzes the relationship between the internal control and R&D investment of enterprise. The results show that, the internal control quality of the enterprise is positively correlated with the enterprise’s R&D investment intensity; in addition, we also find that the internal control quality of non-state-owned enterprises has a more significant effect on the enterprise’ R&D investment intensity than that of state-owned enterprises; the internal control of high-tech enterprises plays a more significant role in promoting the R&D investment intensity than that of non-high-tech enterprises. On the one hand, this paper has certain theoretical meaning on enriching the academic research of the economic consequences of internal control and of the influential factors of R&D investment. On the other hand, it provides some ways for enterprises to improve R&D investment from the internal mechanism aspect.

Keywords: GEM listed companies, Internal control, Investment, R&D

The Impact of Using Computers at the Balqa Applied University (BAU) on the Effectiveness of Internal Control (Review Completed - Accepted)

This study aimed to verify the use of computers in accounting departments and its impact on increasing the effectiveness of internal control in Balqa Applied University(BAU).To achieve this goal, a questionnaire was designed consisting of two parts; the characteristics of the study sample and twenty two paragraphs that represent the questions of collecting data and distribute them on a sample of (38) employees working in accounting departments and internal control from the study population, which consists of colleges in the University deployed in Jordan. The researcher used a statistical package (SPSS) to analyze the collected data and the descriptive statistics and test (T-Test) for the purpose of describing variables and stress on the moral indicators. The study found that the use of computers in accounting affects the effectiveness of internal control and on the reliability and appropriateness of accounting information used in internal control.

Keywords: Balqa Applied University, Effectiveness, Internal control