Abstract
This study examined critically, the problems of maintaining adequate accounting records for non-profit organizations with reference to the selected Non-Profits Organization (NPOs) in Oyo State as a case study. Primary data were collected through structured questionnaires which were administered to the staff of the captured NPOs who oversee bookkeeping and accounting. Mean score and simple percentage descriptive statistical tools were used in analyzing the data gathered. It was discovered from the result of findings that failure to make accrual accounting adjustment, using of untrained volunteers to perform record keeping and accounting, to incomprehensible regulatory/laws, and obstacle of balancing the goals of humanitarian organizations strongly hindered adequate accounting records for non-profit organization. Therefore, the study recommends that there is a need for effective and experienced bookkeepers to understand the nuances of full accrual accounting under Generally Accepted Accounting Principles and there is also needed to institute numerous training programs for accountants to minimize the accounting errors.
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Adesina, O.M. (2022). A Primer into Non-Profit Organizations’ Accounting System in Nigeria. In: Odularu, G.O.A. (eds) Strengthening Systems Accountability for Enterprise Performance and Development Planning . Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-11779-4_8
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