ABSTRACT
We recognize that financial control is aimed at the attainment of optimum efficiency in the performance of public service, and one of the merits of the planning-programming-budgeting system (PPBS) is the fact that it emphasizes objective criteria of effectiveness and efficiency by forcing policy maker to examine simultaneously a wide range of alternative options in meeting an objective.
The level of government spending depends not only upon the scope and extent of various functions performed, but also upon the efficiency with which these public goods are delivered. As with programme development, the persons in the best position to increase efficiency are those in direct control of the conduct of particular public services. But these public functionaries often lack incentives to perform, or knowledge of how to do so, or they may for personal reasons prefer certain lines of actions contrary to the efficient goal, particularly that of carrying out as large a “bureaucratic empire” under their own domain as possible.
On the whole, the maintenance of maximum efficiency in government operation in order to obtain value for money is a task requiring vigilance and continuous improvement. For this methodology to be carried out, there is need to formulate an acceptable measure that will constantly be examining the relationship from time to time this research project therefore examines the development and application of financial control in the management of resources in the public sector.
TABLE OF CONTENTS
TITLE PAGEII
CERTIFICATION PAGEIII
DEDICATIONIV
ACKNOWLEDGEMENTV
TABLE OF CONTENTSVIII
ABSTRACTVI
CHAPTER ONE
INTRODUCTION1
1.1BACKGROUND OF THE STUDY1
1.2PURPOSE OF THE STUDY17
1.3METHODOLOGY17
1.4SCOPE AND LIMITATIONS18
1.5SIGNIFICANCE OF THE STUDY18
1.6DEFINITION OF TERMS18
1.7RESEARCH QUESTIONS19
REFERENCES21
CHAPTER TWO
REVIEW OF THE FINANCIAL FUNCTIONS22
2.1FINANCIAL CONTROL28
2.2TYPES OF FINANCIAL CONTROL31
2.3FINANCIAL CONTROL INSTRUMENTS36
2.4FEDERAL FINANCIAL CONTROL SYSTEM45
2.5FINANCIAL CONTROL STRUCTURE53
2.6CONTROL IN KEY RESULT AREAS OF ACCOUNTING 57
REFERENCES67
CHAPTER THREE
RESEARCH METHODOLOGY
3.1PROBLEMS OF THE STUDY69
3.2RESEARCH DESIGN70
3.3AIMS71
3.4INSTRUMENT OF RESEARCH71
3.5IDENTIFICATION OF POPULATION73
3.6SELECTION OF SAMPLES74
3.7ADMINISTRATION OF QUESTIONNAIRES75
3.8DATA ANALYSIS METHOD77
REFERENCES78
CHAPTER FOUR
PRESENTATION AND ANALYSIS OF DATA79
4.1FACTS ABOUT THE CASE STUDY79
4.2PRESENTATION AND ANALYSIS OF BIO-DATA82
4.3RESPONDENTS’ VIEWS ON PAYROLL CONTROL
QUESTIONS87
CHAPTER FIVE
SUMMARY, CONCLUSIONS AND RECOMMENDATIONS
5.1SUMMARY91
5.2FINDINGS AND CONCLUSIONS96
5.3RECOMMENDATIONS96
SELECTED REFERENCES AND BIBLIOGRAPHY100
Subscribe to access this work and thousands more