THE ROLE OF ACCOUNTING IN THE CONTROL OF PUBLIC EXPENDITURES IN NIGERIA

Okwunna Ndudi 80 PAGES (11992 WORDS) Project
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ABSTRACT

This research examines the role of accounting in the control of public

expenditures in Nigeria, a case study of control bank of Nigeria, Enugu

State. The researcher adopted descriptive survey design. The

population of the study is the combination of internal audit department

staff and accounting department staff making it a total of 41. The

research used both primary and secondary source of data. In view of

this, three research questions were formulated to generate expected

answers. Literal works were reviewed for proper understanding and

guidance. Questionnaires, personal interview and observation were

used for collect of primary data. Secondary source of data were collect

from text books, periodical, articles and journals. Tables and simple

percentage were used for data analysis, hypothesis were tested using

chi-square statistics. Based on the findings, the researcher found out

that few of the staff were not following due accounting principles

thereby causing inadequate and improper pursuit of the accounting

records Omission of certain book-keeping records, improper audit. The

staff and management of central bank of Nigeria has now adopted

accounting standard, and the balance of power on NASC, financial

analyst government agencies and others. Finally the researcher

proffered among other use of accounting principle and standard in the

company.TABLE OF CONTENTS

Title page i

Approval page ii

Dedication iii

Acknowledgement IV

Proposal VI

Table of content vii

CHAPTER ONE

INTRODUCTION

1.1 Background of the study 1

1.2 Statement of problem 5

1.3 Purpose of study 5

1.4 Significance of the study 6

1.5 Research questions 7

1.6 Research hypothesis 7

1.7 Scope and limitation of the study 8

1.8 Definitions of terms 9

References 10CHAPTER TWO

2.1 Review of related literature 11

2.2 Historical development of CBN

(A public company) 14

2.2.1 Ownership and control of CBN 17

2.2.2 Organization 19

2.3 Nature of accounting principles 23

2.4 Types of accounting principles 24

2.4.1 Factors affecting accounting principles 29

2.5 Budgeting and budgetary control 30

2.6 Standard costing of a tool of control 32

2.7 Role of accounting in public expenditure 37

2.8 Summary 38

References 39

CHAPTER THREE

3.1 Research methodology 40

3.2 Research design 40

3.3 Determination of sample size 40

3.4 Area of study 41

3.5 Population of study 41

3.6 Sample of study 413.7 Method of investigation 42

3.8 Method of data analysis 42

3.8.1sources of primary data 42

3.8.2 Source of secondary data 43

3.9 Development of research instrument 43

CHAPTER FOUR

4.1 Introductions 44

4.2 Presentations of data 44

4.3 Test of hypothesis and interpretation of result 54

4.3.1 Testing the first hypothesis 55

CHAPTER FIVE

5.1 Summary of findings 60

5.2 Conclusion 61

5.3 Recommendation 62

5.4 Recommendation for further 63

Appendix 1 64

Questionnaire 65

Bibliography 6


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APA

Okwunna, N (2020). THE ROLE OF ACCOUNTING IN THE CONTROL OF PUBLIC EXPENDITURES IN NIGERIA. Afribary.com: Retrieved December 01, 2020, from https://afribary.com/works/the-role-of-accounting-in-the-control-of-public-expenditures-in-nigeria

MLA 8th

Ndudi, Okwunna. "THE ROLE OF ACCOUNTING IN THE CONTROL OF PUBLIC EXPENDITURES IN NIGERIA" Afribary.com. Afribary.com, 15 Jun. 2020, https://afribary.com/works/the-role-of-accounting-in-the-control-of-public-expenditures-in-nigeria . Accessed 01 Dec. 2020.

MLA7

Ndudi, Okwunna. "THE ROLE OF ACCOUNTING IN THE CONTROL OF PUBLIC EXPENDITURES IN NIGERIA". Afribary.com, Afribary.com, 15 Jun. 2020. Web. 01 Dec. 2020. < https://afribary.com/works/the-role-of-accounting-in-the-control-of-public-expenditures-in-nigeria >.

Chicago

Ndudi, Okwunna. "THE ROLE OF ACCOUNTING IN THE CONTROL OF PUBLIC EXPENDITURES IN NIGERIA" Afribary.com (2020). Accessed December 01, 2020. https://afribary.com/works/the-role-of-accounting-in-the-control-of-public-expenditures-in-nigeria