ACCOUNTING FOR NOT-FOR-PROFIT MAKING ORGANIZATION: STRENGTHS AND WEAKNESSES: A STUDY OF SELECTED NOT-FOR-PROFIT MAKING ORGANIZATIONS IN EBONYI STATE

ABSTRACT This research work focuses on accounting for not-for-profit making organization strengths and weaknesses, with reference to a number of selected not-for-profit making organizations in Ebonyi State which include, African Education outreach, Living Faith Church. Abakaliki and Agape foundation for Literacy and Rural Development. Ebonyi state. This project work centers on a research study to examine the types of accounting system maintained in a not-for-profit making organization, to examine the strengths and weaknesses of accounting in a not-for-profit making organization. For effective accomplishment of the objective, the research is divided into five chapters. Chapter one attempt to provide a general introduction showing the problems, objectives of the study, research questions, hypothesis, assumptions, significance of the study and definition for unfamiliar terms. Chapter two deals with the literature review, chapter three stipulates the methodology and instrument adopted in carrying out the research work while chapter four deals on the presentation of data and analysis based on information gathered as per chapter three. Finally chapter five attempts to give summary of the work done and conclusions, this chapter ends up with suggestions for further study. The research therefore has hopefully highlighted and emphasized the need for not-for-profit making organization to observe the accounting concepts and conventions and to maintain qualified accounting personnel so as to enhance efficiency.