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Accounting information system in a transport organization has been a great
problem to the third world countries in general, which Nigeria as a country
has its own share. This research work, “Accounting information system in a
transport organization, suggests ways of minimizing the effects of the
problems of inefficient accounting information. It is believe that an
improvement in this regards will enhance the performance of the corporation.
To enable the researcher find solution to the problem of this study, some
questions were raised in the form of hypotheses, which were developed
comprising the null and alternative hypotheses. The methods of data
collection were primary and secondary data method. The data collected were
analyzed by use of simple percentages while chi-square was used to test the
hypothesis formulated for validity. Findings show that accounting information
is an indispensible tool in the management of Nigeria Railway Corporation
and the activities of unqualified and incompetent accounting officers are
responsible for the performance of the accounts departments in Nigeria
Railway Corporation. Based on the findings, the researcher concludes that the
accountant should put more efforts especially when computing the financial
statement since accounts fraud result from ignorant of proper accounting
procedures. Since the financial statement are sources of document of
accounting information, efforts should be made in generating more relevant,
timely, effective and accurate accounting information necessary for
prevention or detection of fraud.
Title page————————————————————————— i
Approval page———————————————————————- ii
Dedication ————————————————————————— iii
Acknowledgement —————————————————————– iv
Abstract —————————————————————————— v
Table of content——————————————————————— vi
1.0 Introduction—————————————————————– 1
1.1 Background of the study————————————————– 1
1.2 Statement of problem—————————————————– 4
1.3 Objective of the study—————————————————– 5
1.4 Research questions——————————————————– 6
1.5 Hypothesis of the study—————————————————- 7
1.6 Significance of the study————————————————— 8
1.7 Scope and limitation of the study—————————————- 8
1.8 Definition of terms———————————————————- 9
2.0 literature review———————————————————- 11
2.1 The concept of accounting information system———————– 16
2.2 The importance of accounting information—————————- 19
2.3 The users of accounting information———————————— 20
2.4 Criticism of accounting information system in Nigeria Railway
Corporation Enugu———————————————————— 21
2.5 The output of an information and the users.—————————- 24
2.6 The outline of the information generation
process and source document———————————————- 28
2.7 Application of computer system———————————————33
2.8 Accounts department in the Nigeria Railway Corporation Enugu 36
2.9 Functions of the accounts department————————————38
2.10 Officers of the accounts department————————————— 38
2.11 Accounting officers and heads of department—————————-39
2.12 Disagreement between accounts officers and heads of department 39
2.13 Accounting system in Nigeria Railway Corporation——————– 40
2.14 Capital expenditure budgeting————————————————42
2.15 Expenditure checking section————————————————-46
3.1 Research design————————————————————— 55
3.2 Sources of data —————————————————————- 56
3.3 Research instrument———————————————————- 57
3.4 Reliability and Validity of research instrument————————- 58
3.5 Population ——————————————————————— 58
3.6 Sample size/ techniques—————————————————– 60
3.7 Administration of research instrument———————————– 63
3.8 Method of data analysis——————————————————- 64
3.9 Decision criterion for validity of hypothesis—————————— 65
4.1 Data presentation———————————————————– 71
4.2 Testing of hypothesis——————————————————- 87
5.1 Summary of findings——————————————————— 96
5.2 Conclusion———————————————————————- 98
5.3 Recommendation————————————————————- 98
Bibliography————————————————————————- 100
Appendix —————————————————————————– 102
The Nigerian Railway Corporation (NRC) has been in existence for years. It is
regarded the largest transport corporation in Nigeria and has a high network
The Nigerian railway corporation is One Hundred and Fourteen years (114) old
and it runs a unilaterally designed track system of 1067mm charge gauge. Only
30km of its track distribution is in double track and that is within Lagos area.
Nigerian Railway Corporation actually commenced rail business activities with
the construction of the first rail line from Lagos to Ibadan 193m between 1998 and
1901. By 1964 when the construction of 640km Kano-Maiduguri rail line, then
known as Bornu extension, was completed, the present core of the railway network
hard been put in place.
Presently, the railway system is made up of 3’505 route kilometers and 4332
track kilometers. In addition to this is the 19km 1067mm gauge extension from
Port-Harcourt to one deep sea port and the 277km standard gauge rail construction
of 1435mm from Ajaokuta to Warri. Nigerian railway was transformed from its
first and initial name.
“Government Department of Railway” to Nigerian Railway Corporation in
1955 through the instrumentality of the statutory act of parliament which, apart
from changing the name of the railway industry in Nigeria, equally conferred on it
absolute monopoly as the institution recognized by law to carry out railway
The general aim and object of the statutory act of parliament of 1955 for Nigerian
railway is to recognize same as carrying out its function of effecting “carriage of
passenger and goods in a manner that will offer full value for money, meet cost of
operation, improve market share and quality of services, ensure safety of operation
and maximum efficiency, meet social responsibility in a manner that will meet the
requirements of rail after, trade, commerce, industry and general public”.
The headquarters of the corporation is located at Ebute-metta in Lagos state
while the entire network is for administrative convenience, divided into seven
autonomy districts viz.Lagos (Ebute-Metta junction), west (Ibadan), north (Zaria),
east Enugu), North-west (Minna), north- central (Kanfanchem) and North-east
The railway system has been undergoing same rehabilitation and
modernization with the full political and financial support of the federal
government through the federal ministry of transport. The rehabilitation of the
railway system includes track spot removal of Lagos to Kano and Maiduguri to
port-Harcourt, supply of 25 new locomotive engines from brazil south America to
boost the registry motive power base of the corporation, up grading of the
signaling and telecommunication system from manual to semi automatic, as well
as rehabilitation of carriage and wagon workshops, re-equipping the workshops,
supply of service support (spare part consumables), strategic rebranding of the
corporation, rehabilitation of stations and marshalling yards inter alia.
Equally, new railway lines are being constructed in standard gauge
(1435mm). These include: Ajaokuta-Warri of 277km, Kaduna-Abuja (Idu) line of
186km while the scope of work for Lagos-Ibadan segment is under review together
with its cost implications.
The Nigerian Railway Corporation has contributed amenably towards the
improvement of social life and the development of the national economy. This is
through to be extended to every part of the country that is the haven stages which
will lead to permanent prosperity confident was such an ultimate triumph of the
However, regardless of the huge success made by the corporation, it is facing a
hard time.
Nigeria Railway Corporation which dominated the transport sector of the economy
in the sixties is presently being delegated by other means of transport such as road
transport, sea, and air transport. The corporation has lost her passengers and freight
mainly to road transport; this is because of inability of the corporation to compute
effectively in order to meet the age longed challenges.
Ordinarily there should have been growth in both road and railway transport but
the railway transport seems neglected. The truth of the matter is not just neglected,
but a problem of cash flow difficulty and management these affect the purchase of
spare parts, repair, payment of salaries, inadequate infrastructure support and
enhance service rendering.
Given the above condition of the Nigerian Railway Corporation in the nations
transport industry, the problem which looks for detailed analysis and solution
includes the following questions.
1. Is the accounting information used in the corporation adequate for
managements short and long term plans?
2. Have the accounting officers in the corporation has the needed professional
skills to cope with demands of the job?
3. Is there any serious effort made by the corporation to boost operation?
4. Do the accounting officers perform their duties without the interference of the
5. What is the mode of approaching the chief accounting officer of the
Answer to these questions above constitutes the basic problem of the
researchers work.
Bearing in mind the above mentioned problem study is aimed at finding out among
other things such as:-
1. The organization of accounting department in Nigerian Railway Corporation
with particular interest in the eastern division of the corporation and how the
accounts department contributes to the achievement of overall goals for the
2. Whether the accounting information is actually one of the effective
management tools in the railway corporation.
3. Whether the accountants in the corporation adequately perform their duties in
conformity with the statement of accounting standards (SAS)
4. In where the tools of the accounts department to the performance of the
individual workers in term of their output.
Despite the problem mentioned above concerning the Nigerian railway
corporation, these questions are been asked towards their accounting
1. Dose the account department of railway corporation Enugu contribute to the
achievement of the overall goals of the corporation?
2. Is the accounting information actually one of the effective management tools in
the railway corporation Enugu?
3. Dose the accountants adequately perform their duties in conformity with the
statement of accounting standards?
4. What are the tools of the accounts department to the performance of the
individual works in terms of their output?
The following hypothesis where postulated as a guide to the researcher:
1. Ho:- accounting information is not an indispensable tool in the management of
Nigerian railway corporation.
HI:- accounting information is an dispensable tool in the management of
Nigerian railway corporation.
2. Ho:- The activities of unqualified and incompetent accounting officers are not
responsible for the poor performance of the accounts department in Nigerian
railway corporation.
HI:- The activities of unqualified and incompetent accounting officers are
responsible for the poor performance of the accounts department in Nigerian
railway corporation.
3. Ho:- The absence of computer system application dose not affects the timeless,
accuracy and availability of accounting information in Nigerian railway
HI:- The absence of computer system application affects the timeless, accuracy
and availability of accounting information in Nigerian railway corporation.
The role of accounting information in the management of large business
organization cannot be over emphasized. It is based on the fact that the research is
to study and appraise accounting information system as a tool of management
using the Nigerian Railway Corporation Enugu as a possible ways of minimizing
the problem for better and enhanced performance as the corporation.
The knowledge about these problems and their way out will help remedy other
transport corporation in similar state. This study is to make recommendation that
would boost the operation performance of the account department in the Nigerian
Railway Corporation Enugu if being implemented. Beside, the study of this work
is to help as well as serve as a term of reference for those who may be interested in
using it.
This study is on the Nigerian Railway Corporation Eastern division, the limitation
of this study in Nigeria railway corporation eastern division Enugu. This is due to
some constraints; those constraints were financial difficulties which prevented the
running down from one relevant railway corporation division to another for
sources of information necessary for this study.
Another constraints are the time limit within my disposal, the demand from the
academic activities and limit within this study is to be presented constitute the
FRIGHTS: This is the volume of revenue acquired by all haulage of goods by the
good train.
PASSENGERS FARE: This complies of the returns made from ticket sales and
penalties by defaulting passengers.
LOLLING STOCK: This include the entire carrying system which is made up of
the locomotive engine, coaches, wagons, (both covered and uncovered) and tanks.
They are used in the haulage of goods and in carrying passengers.
LOCOMOTIVE ENGINE: This is the enquire mechanism at the head of the
rolling stock that pulls then along the truck in the movement of goods and
passengers trains.
COACHINGS: These are revenue from country’s produce, luggage, parcel and


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