Professional Documents
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Faculty of Commerce
RICHMAN TAFATAONA
Department of Accounting And Finance
DISSERTATION TOPIC
AN INVESTGATION OF THE EFFECTIVENESS AND EFFICIENCY OF THE INTERNAL ACCOUNTING CONTROL SYSTEMS OVER PURCHASES AT GEDDES LIMITED: HARARE
SUBMMITTED IN PARTIAL FULFILMENT OF THE REQUIREMENTS OF THE BACHELOR OF COMMERCE [HONOURS] DEGREE IN ACCOUNTING IN THE FACULTY OF COMMERCE DEPARTMENT OF ACCOUNTING AND FINANCE AT GREAT ZIMBABWE UNIVERSITY MASVINGO; ZIMBABWE
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Richman Tafataona
Dedication A journey of a million miles begins with one step, on these premises I would like to dedicate this Dissertation to my late Father Lymon who bolstered me into the first step of this journey and to my mother Lucia who has always been a pillar of strength through and through.
Abstract Lubricated by passion, integrity and diligence, this dissertation is an exploratory account of the internal accounting control systems over purchases at Geddes Limited. The main aim is to investigate the effectiveness and efficiency of the internal accounting controls systems over purchases at this wholly owned subsidiary of CAPS Holdings Limited.
The dissertation takes off by introducing Geddes Limited and the statement to the problem. It sets clearly the research questions and objectives and the problem relating to the efficiency and effectiveness of the internal accounting controls over purchases.
Then literature relating to the study will be reviewed citing different authoritative sources and authors. In the process the researcher narrates how he collected the relevant information both primary and secondary. In addition the limitations of the research will be pointed out with the extracted information being presented in a clear and coherent manner. At the end the conclusions will be made on the efficiency and effectiveness of the internal accounting control system and the weaknesses therein. Necessary recommendations will be made which are aimed at improving the operations at Geddes limited.
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Last but most importantly to God be the Glory for he has taken me this far with his Grace, without whose grace, I would not be alive and at this Great institution the Great Zimbabwe University.
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CHAPTER III RESEACH METHODOLOGY Introduction Research design Types of data Research instruments Population Sample size/plan Data collection procedures Problems encountered and limitations Summary 25 25 25 27 31 31 32 33 33
CHAPTER IV DATA PRESENTATION AND ANALYSIS Introduction Data presentation and analysis Research findings Statistical and hypothesis testing Summary 34 35 40 44 46
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CHAPTER V CONCLUSION AND RECOMMENDATIONS Introduction Weaknesses Conclusions Hypothesis results Recommendations Summary 47 47 48 49 49 52
LIST OF TABLE 3.1 Composition of staff who participated in the research 4.1 Staff response rate 4.2 Authorisation on ordering 4.3 Authorised vs. unauthorized purchase orders 4.4 Acceptance of Goods not ordered 32 34 35 36 38
LIST OF FIGURES 2.1 Specific issues under internal controls 4.1 Authorisatio on ordering 4.2 Authorised vs. unauthorized purchase orders 4.3 Acceptance of goods not ordered 4.4 Paying for goods 4.5 Overview of flowchart 4.6 Existing requisition system at Geddes Limited 10 35 37 38 39 40 41
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BIBLIOGRAPHY
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