THE IMPACT OF PUBLIC SECTOR ACCOUNTING IN NIGERIA FINANCIAL CONTROL SYSTEM_2

Okwunna Ndudi 72 PAGES (11595 WORDS) Project
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ABSTRACT 

This research was aimed at finding out the impact of public sector 

accounting in Nigeria financial control system using Esan south east local 

government area of Edo state as a case study. The purpose was to find out 

if the control of public fund adopted by the local government is 

appropriate, to determine whether the public sector accounting principle 

applied by the local government is appropriate and effective and also to 

investigate whether the source of revenue to the local government is 

enough for them etc. The population size used was the staff and members 

of Esan south east local government area of Edo state, out of which the 

sample size was selected using the Taro Yamani‟s sampling techniques. 

Data for this study were primarily and secondarily sourced. Chi-square was 

used to analyze the responses gotten from the distributed questionnaires. 

The findings made in this study are; the public accounting principles 

applied by the said local government area is inappropriate and ineffective 

and the control of public fund measures adopted is also inappropriate etc, 

based on the findings, it was concluded that the public sector accounting 

principles applied by the local government is inappropriate and also the 

control of public fund measures adopted was inappropriate. 

Recommendations were also made based on the findings which are, an 

account committee should be set up to control the accounting system of the 

said local government and monitor their day to day activities etc and when 

this is met, the goal of creating the local government will be achieved. 

 


                          TABLE OF CONTENT 

                                                                                                

PAGE 

Title page-------------------------------------------------------------- ------- -- i

                                                                                            

Approval page -------------------------------------------------------- ----------   ii 

Dedication ------------------------------------------------------------- ---------- iii 

Acknowledgement --------------------------------------------------- -----------iv 

Abstract ---------------------------------------------------------------- -----------vi 

Table of content ------------------------------------------------------- ----------vii 

 

CHAPTER ONE: INTRODUCTION 

1.1  Background of the study-------------------------------------------------1 

1.2  Statement of the problem -----------------------------------------------3 

1.3  Objectives of the study--------------------------------------------------4 

1.4 Research questions-------------------------------------------------------5 

1.5  Formulation of research hypotheses -------------------------------------5 

1.6 Significance of the study--------------------------------------------------6 

1.7  Scope of the study---------------------------------------------------------7 

1.8  Limitations of the study.--------------------------------------------------7 

 

 


CHAPTER TWO: REVIEW OF RELATED LITERATURE 

2.1 The concept of public sector------------------------------------------- ----9 

2.2 Overview of public sector accounting ----------------------------------12 

2.3 Peculiarities of public sector accounting -------------------------------13 

2.4 Appraisal of Nigeria financial control system--------------------------19 

2.5 Objectives of Public Sector Accounting--------------------------------22 

2.6 The role of public sector accounting in Nigeria financial control 

system.----------------------------------------------------------------------24 

2.7      The historical background of Esan South East LG--------------------26 

2.7.1   Sources of revenue to Esan south east LG-----------------------------26 

2.7.2   Functions of Esan South East LG---------------------------------------27 

2.7.3    Controls of Esan South East LG ---------------------------------------30 

 

CHAPTER THREE: RESEARCH DESIGN AND METHODOLOGY  

3.1  Research design-----------------------------------------------------------33 

3.2 Sources of data -----------------------------------------------------------33 

3.2.1  Primary data---------------------------------------------------------------33 

3.2.2 Secondary data -----------------------------------------------------------34 

3.3  Population of the study---------------------------------------------------34 

3.4  Sample size determination -----------------------------------------------34 

3.5 Sampling technique ------------------------------------------------------35 

3.6 Research instrument used-------------------------------------------------35 


3.7.1 Reliability of research instrument --------------------------------------36 

3.7.2 Validity of research instrument used------------------------------------36 

3.8 Method of data treatment and analysis----------------------------------36 

3.9 Area of the study---------------------------------------------------------37 

 

CHAPTER FOUR: DATA PRESENTATION AND ANAYSIS  

4:1   Data presentation/Analysis ------------------------------------------------38 

4.2  Test of hypotheses -------------------------------------------------------47

  

CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSIONS 

AND RECOMMENDATIONS  

5.1  Summary of the findings -------------------------------------------------55 

5.2  Conclusion -----------------------------------------------------------------56 

5.3  Recommendations ---------------------------------------------------------57 

BIBLIOGRAPHY-----------------------------------------------------------------59 

APPENDIX / QUESTIONNAIRE----------------------------------------------62 

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APA

Okwunna, N (2020). THE IMPACT OF PUBLIC SECTOR ACCOUNTING IN NIGERIA FINANCIAL CONTROL SYSTEM_2. Afribary.com: Retrieved November 28, 2020, from https://afribary.com/works/the-impact-of-public-sector-accounting-in-nigeria-financial-control-system-2

MLA 8th

Ndudi, Okwunna. "THE IMPACT OF PUBLIC SECTOR ACCOUNTING IN NIGERIA FINANCIAL CONTROL SYSTEM_2" Afribary.com. Afribary.com, 15 Jun. 2020, https://afribary.com/works/the-impact-of-public-sector-accounting-in-nigeria-financial-control-system-2 . Accessed 28 Nov. 2020.

MLA7

Ndudi, Okwunna. "THE IMPACT OF PUBLIC SECTOR ACCOUNTING IN NIGERIA FINANCIAL CONTROL SYSTEM_2". Afribary.com, Afribary.com, 15 Jun. 2020. Web. 28 Nov. 2020. < https://afribary.com/works/the-impact-of-public-sector-accounting-in-nigeria-financial-control-system-2 >.

Chicago

Ndudi, Okwunna. "THE IMPACT OF PUBLIC SECTOR ACCOUNTING IN NIGERIA FINANCIAL CONTROL SYSTEM_2" Afribary.com (2020). Accessed November 28, 2020. https://afribary.com/works/the-impact-of-public-sector-accounting-in-nigeria-financial-control-system-2