FIRMS

Accounting has been described as the science of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events which are in part at least, of a financial character and interpreting the result thereof. Features characterize the tertiary institution that makes it quite distinct from many other areas. Although, accounting principles remain the same in application, accounting systems are normally designed to suite the nature and need of information of the organization. This project work therefore sets to find out and document the system applicable in the tertiary institution of higher learning? Are laid down procedures followed? Are required information obtained when needed? How are contracts accounted for? What principles are laid down for cash handling? These and many others shall be answered as the work progresses. Generally, the project results shall be an aid to the public who are conscious of accounting system not only in the college of education but also in other establishment.