Paper Title :Accounting Practices Among Non-Religious Students’ Associations. A Case of Kwame Nkrumah University of Science and Technology (Knust) Campus

Author :Haruna Issaka, Danso Williston Seth Kwadwo

Article Citation :Haruna Issaka ,Danso Williston Seth Kwadwo , (2017 ) " Accounting Practices Among Non-Religious Students’ Associations. A Case of Kwame Nkrumah University of Science and Technology (Knust) Campus " , International Journal of Management and Applied Science (IJMAS) , pp. 48-51, Volume-3,Issue-8

Abstract : This dissertation is to unearth accounting practices among students’ Associations on KNUST Campus. There was the need to know the extent of accounting practices among students’ leaders in recording daily transactions of the association and this caused the researchers to study into this area. To know the extent of accounting practices adopted by trustees of students’ associations, the researchers sought to know the accounting knowledge base of stewards, books kept by students’ associations and recording procedures. In addition, we looked into the degree of accounting practices by stewards, communication channels and its effectiveness as well as related challenges they face in applying accounting practices. Accounting knowledge and practices promote accountability and ensures effective operations; corroboration to this assertion in relations to students’ associations was assayed. The researchers sampled hundred units from twenty (20) students’ associations and six halls on KNUST campus and assessed them using questionnaires, interviews and observations to know the extent of accountability by stewards to stakeholders. Based on the data and facts gathered, we realized most students’ leaders have a considerable knowledge in accounting but the knowledge was not sufficient for proper recording of financial transactions and effective financial reporting for the betterment of the association. Keywords- Accounting Practices, Communication channels, Accountability.

Type : Research paper

Published : Volume-3,Issue-8

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