ABSTRACT

The research work is concentrated on Evaluating Financial and Accounting Systems of Nigeria Higher Institutions with Particular note in Institute of Management and Technology (IMT) Enugu State. Some objectives of the study are: To ascertain whether the control system is adequate and effective and whether appropriate and prompt actions are taken to correct adverse deviations. To examine whether there is perfect synchronization between the amount received and the amount paid by the institution. Based on these, data were collected from principle sources. Primary and secondary data, extensive research received was carried out, well structured questionnaire administered on the population comprising Institute of Management and Technology Bursary Department staff. A stratified random sampling technique was used, sample of 30 respondent were used 10 respondents from senior staff and 20 respondent from junior staff. The data collected were analyzed using tables, frequencies and percentages, based on the analysis, the following findings were made: The reliability, validity and importance according to the accounting system depends on the soundness and efficiency of its internal control to series of test. The effectiveness and efficiency of the accounting department/bursary depends on personnel/staff that are there. In view of the above findings, the researchers recommended that the department be thoroughly and critically looked into.