- The Complete Research Material is averagely 52 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦4,000
Get the complete project »

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.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Public sector is that sector of the economy established and operated by government and its agencies distinguishable from the private sector and are organized on behalf of the whole citizens while Public sector accounting is the process government agencies and municipalities use to record financial transactions.
Mathias, (2004:78). Said, similar to private sector accounting in theory, the focus of public sector accounting is somewhat different. Most government agencies and municipalities need to track funds generated from tax revenues and expenditures related to projects or appropriations. In addition, nations may need to follow a set of standard of accounting principles different from private sector accounting rules. The creation of an international accounting standard helps nations to follow similar rules in other to present information in a similar manner.
Government accounting typically uses a set of rules that tracks financial information. Rather than attempting to determine how much money a public sector entity has made, the entity must report financial information to interested parties, primarily constituents. The separation of money into these funds makes it difficult for government agency or municipality to spend money on unauthorized purposes. Elected officials or legislatures
11
must create appropriations or spending authorizations to transfer funds amongst government fund accounts. This process attempts to restrict the spending of money on a free-will basis that will quickly deplete an agency‟s resources
Similar to private sector accounting, public sector accounting principles often seek to lay a framework for accounting practices.
Afolabi,( 2004:320). Said rather than creating a hard set of rules to follow, the principles allow for an application of basic principles to either large and small entities or municipalities. An international set of accounting principles is also necessary for smaller nations to learn and adopt rules that will enhance their internal national accounting process. Most times, developing nations cannot or do not have the resources capable to create and instil a framework for their public sector accounting practices. Adopting an international set of accounting rules will help them overcome this problem and typically helps them start on the path better infrastructure development.
Another purpose of public sector accounting is to create a standard expectation of ethics and accountability for a nation‟s financial information. Standard public accounting principles will also make it easier for a nation to undergo an audit. it is also harder for countries to hide inappropriate financial transactions when using public sector accounting principles. This research study will therefore appraise the impact of public
12
sector accounting in Nigerian financial control system focusing on Esan South East local government.
1.2 STATEMENT OF THE PROBLEM
The problems inherent in this research study as investigated by the researcher are;
1. INADEQUATE REVENUE: that is, the source of revenue available to Esan South East Local Government authority most often is not enough for them, as this invariably affects diverse activities that are carried out in the local government area.
2. Poor administration of local government funds.
3. Another problem is the fact that the control of public fund adopted by the local government is inappropriate. It is as a result of this that there are still setbacks in the local government as regards to infrastructural development.
4. The adoption of inappropriate and ineffective public sector accounting principles and guidelines.
5. Another problem is that the accounts of the local government are characterized by inadequacies such as, improper maintenance and book keeping of accounts and other necessary records, embezzlement of public funds especially by the top officials.
13
1.3 OBJECTIVES OF THE STUDY
The main objective of this study is to appraise the impact of public sector accounting in Nigerian financial control system and also to aid local government improve on their revenue generation and collection to that point where all collectable revenue are actually collected and safely paid into the council treasury.
&nbs
You either get what you want or your money back. T&C Apply

You can find more project topics easily, just search
-
SIMILAR ACCOUNTING FINAL YEAR PROJECT RESEARCH TOPICS
-
1. COMPARATIVE ANALYSIS OF ANTIMICROBIAL STRENGTH OF THREE MOST COMMON ANTIBIOTICS USED IN ENUGU (CASE STUDY OF ANTIBIOTICS DRUGS BROUGHT IN OBIAGU.)
» INTRODUCTION 1.1 HISTORICAL BACK GROUND Antibiotics are chemicals when the chemical are put into the body; they stop the growth of kinds of germs. The...Continue Reading »Item Type & Format: Project Material - Ms Word | 46 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
2. INTERNAL AUDIT AS A TOOL IN ACHIEVING THE ORGANISATIONAL OBJECTIVES; A CASE STUDY OF MAINSTREET BANK OF NIGERIA PLC, ASABA
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The system of controls adopted in any economy greatly determines the development and growth of th...Continue Reading »Item Type & Format: Project Material - Ms Word | 82 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
3. CRITICAL ANALYSIS OF THE VIABILITY OF COMMERCIAL BANK ACTIVITIES IN NIGERIA
» CHAPTER ONE BACK GROUND TO THE STUDY Bank was first introduced by early goldsmith in the olden days, the goldsmith kept the valuable asset of people. ...Continue Reading »Item Type & Format: Project Material - Ms Word | 63 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
4. THE IMPACT OF CREDIT MANAGEMENT ON THE PROFITABILITY OF A MANUFACTURING FIRM
» ABSTRACT The aim of this research work is to appraise “The impact of credit management on the profitability of a manufacturing firm focused on Unile...Continue Reading »Item Type & Format: Project Material - Ms Word | 76 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
5. HOUSING AFFORDABILITY IN FEDERAL HOUSING ESTATE USING HOUSING ESTATE OKE-ILA AS A CASE STUDY
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Housing can be defined as buildings or structures that individuals and their family may live in t...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
6. INTERNAL AUDIT AND FRAUD CONTROL IN PUBLIC INSTITUTION (A CASE STUDY OF UNIVERSITY OF UYO TEACHING HOSPITAL)
» ABSTRACT This study examined Internal Audit and Fraud Control in Public Institutions in Nigeria (A Case Study of University of Uyo Teaching Hospital)....Continue Reading »Item Type & Format: Project Material - Ms Word | 94 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
7. THE ROLE OF AN INTERNAL AUDIT DEPARTMENT IN AN ORGANIZATION (A CASE STUDY OF BOARD OF INTERNAL REVENUE, OZORO, DELTA STATE)
» CHAPTER ONE INTRODUCTION 1.1 Background of the Study The term audit is derived from the words audited, which means to hear. The origin of audit can be...Continue Reading »Item Type & Format: Project Material - Ms Word | 52 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
8. PHYSIOCHEMICAL SCREENING OF COCONUT WATER EXTRACT
» CHAPTER ONE INTRODUCTION Background of Study Natural phytochemicals derived from medicinal plants have gained significant recognition in the potential...Continue Reading »Item Type & Format: Project Material - Ms Word | 74 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
9. BASEL II AND FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA
» ABSTRACT The main thrust of Basel II framework is to ensure that banks maintain adequate liquidity and higher capital buffers that will match their op...Continue Reading »Item Type & Format: Project Material - Ms Word | 86 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT
-
10. EFFECT OF TREASURY SINGLE ACCOUNT ON MANAGEMENT OF PUBLIC SECTOR FUND - FEDERAL SECTOR ESTABLISHMENT IN MAIDUGURI
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY In 2015, Central Bank of Nigeria issued a circular directing all deposit money banks to implement...Continue Reading »Item Type & Format: Project Material - Ms Word | 60 pages |
Instant Download | Chapter 1-5 | ACCOUNTING DEPARTMENT