PUBLIC SECTOR ACCOUNTING IN NIGERIA (A CASE STUDY OF FINANCIAL CONTROL SYSTEM IN ENUGU SOUTH LOCAL GOVERNMENT AREA)
COMPLETE PROJECT MATERIAL COST 5000 NAIRA OR $10 ,
. A FRESH TOPIC NOT LISTED ON OUR WEBSITE COST 50,000 NAIRA ( UNDERGRADUATE) OR 100,000 FOR SECOND DEGREE STUDENTS. $500. PLUS FREE SUPPORT UNTIL YOU FINISH YOUR PROJECT WORK. CONTACT US TODAY, WE MAKE A DIFFERENT. DESIGN AND WRITING IS OUR SKILLED. DESIGN AND WRITING IS OUR SKILLED.
Note: our case study can be change to suit your desire location . we are here for your success.
Account Name : Chi E-Concept Int’l
ACCOUNT NUMBER: 0115939447
Account Name: Chi E-Concept Int’l
Account Name: 3059320631
Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
Account Number: 0117780667.
Swift Code: GTBINGLA
Dollar conversion rate for Naira is 175 per dollar.
ATM CARD: YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANKER SECURITY GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY.
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.
form>DELIVERY PERIOD FOR BANK PAYMENT IS LESS THAN 2 HOURS
How to transfer from your bank account to All Nigeria banks without internet
1. Access Bank:
3. Fidelity Bank:
5. First Bank
7. Heritage Bank:
8. Keystone Bank:
9. Sky Bank:
10. Stanbic IBTC:
11. Sterling Bank:
13. Unity Bank:
14. Zenith Bank:
15. Diamond Bank
To know your BVN, dial
E.g for First bank… *894 *Amount *Acct. No. #
Please dail d code from d number u used to register d account from the bank
CALL OKEKE CHIDI C ON : 08074466939,08063386834.
AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO
08074466939 or 08063386834, YOUR PROJECT TITLE YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.
WE HAVE SECURITY IN OUR BUSINESS.
MONEY BACK GUARANTEE
- Purpose of the study
- Significance of the study
- Statement of the problems
- Hypotheses formulation
- Scope and limitation
- Definition of terms
- Financial Regulations
- Cash Accounting
- Local Government Reform
- Local government accounting functions
- Sources of revenue to the local government
- Rural development functions
Research Design & Methodology
- Research design
- Area of study
- Sample and sampling procedure
- Sources of data
- Interview method
- Questionnaire method
- Procedure for data analysis.
Presentation and Analysis of Data
- General data
- Test of hypothesis
- Analysis of survey results
- Summary of findings
One of the most researched and least understood variables of public sector accounting is how the accountability and stewardship of financial control is conducted. People have been speculating on how the funds generated are managed but now researchers have conducted systematic investigation of funds and leakage in local government revenue system.
Even with this, there is still an increasing difficulty and doubts in establishing the fact that the revenue generated are put in good use.
There is also an evaluation of the source of revenue to the local government, and the impact of financial control system in the local government revenue system particularly the revenue collection points where all derivable revenues are kept for safe custody.
Secondly, to find out if really there is grant from the federal and state government to the local government areas and how it’s being spent.
Finally to know the reason, the local government cannot employ their resources in funding projects.
Findings and recommendations have gone a long way to establish proper financial control system in local government and it’s improvement
Public sector is that sector of the economy established and operated by government or agencies distinguishable from the private sector organized on behalf of the whole citizens.
The public sector is devised despite the privatization and commercialization of some government agencies and parastatals; the sector is still large. Almost all the activities in the public sector have to do with political choice, which plays a vital role in resource allocation.
It is a government accounting. It is also defined as composite activity of collection, analyzing, recording, summarizing, reporting and interpreting the financial transaction of government units. The government either provides services on natural scale or else redistributes funds, which are managed on semi-autonomous basis.
In Nigeria for instance, public sector accounting is based on the principal of fiscal federalism. This implies that the fiscal structure o the government is a reflection of its federal and political structure.
The Federal Republic of Nigeria is made up of three levels of government namely Federal, State and Local governments otherwise known as the three tiers of the political structure. All the three tiers of government are guided b the constitution of the Federal Republic of Nigeria form which the government decides on who gets what and how. Allocation of resources to the three tiers of government is granted and this is executed through the process of budgeting. Unique thing about public sector accounting is that legal instruments demand and delimits the form the financial statement should take; many a time they follow budgeting classification.
In public sector, we have the federal government accounting, state and local government accounting respectively. The accountings in the federal and state level are the same in that both are made up to the same ministries, parastatals, agencies and departments.
The 1976 local government reforms and the 1988 implementation guideline on application of civil service reforms in local government service established a standard or uniform multi-purpose single tier government structure throughout the federation, consequently, each local government account system is a replica of the other in terms of personal position and functions accounting system. Financial information flow budgeting and budgetary control system approved source of revenue and general administration significantly, a local government is allowed only six departments viz: Personnel, Works and Housing and Transport, Health and Social Welfare, Education, Agriculture and Natural Resources, Financial and Supplies, Planning Research and Statistical Department, out of the six departments, only the finance department headed by the local government treasurer is authorized to collect and keep all the revenue.
According to financial control management Act of 1958, which charged the federal ministry of finance as the only government department that is responsible for making the finance of the federal republic of Nigeria. Financial management control Act 1959 also empowered the federal ministry of finance to issue finance regulation, which are binding on other units.
The economics of government has shown that a government can be described as a group of people statutorily mandated to generate public funds and convert such funds into social goods and services (public utilities) so as to bring about socio-economic and political development in their area of control. The extent to which a government is able to provide public goods and service depends on the amount of revenue generated both internally and externally over time. This is why a government should devote enough revenue generation and improve its committee to the provision of infrastructural foundation to the development. However, to carry out its functions and achieve its objective effectively, a government must be viable. Its total expenditure must be less than its total revenue so that the remaining revenue may be channeled towards capital profit development.
In Nigeria the government income earnings management is such that each tier of government has its own exclusive source of revenue as spent out in the constitution, with the state and local government receiving the major part of the annual revenue from the federal government and the local government as well gets revenue allocation from the state government purse.
From the above, local government source of revenue can be derived and classified into two external and internal. The external source is from the federal and state government revenue allocation, which are made according to revenue sharing formally adopted at the time internal source of local government revenue are as stated in 1979 constitution where the local government is directly responsible for its revenue policy, strategy, revenue collection and expenditure.
The local government has power to fix rate and fees payable by the people in its jurisdiction and to determine how the fees are collected. Although some local governments are more viable than others in terms of financial base, the full realization of a local government revenue generation and collection depends on its effective management. Unfortunately, most local government lose about sixty percent (60%) of their internal generated revenue that is more than three hundred and fifty million (N350m) annually to leakage in the collection and management present. It is not perplexing that in spite of the unalternative salary structure in the local government system and most repellent working environment, professionals and unskilled persons still strive to gain employment in the local government system while those already employed state anything to remain in service. This is why some concerned and nonpolitical local government chairmen and other officials to beef up their local government revenue are usually frustrated by unscrupulous revenue collectors.
Most local government however either by omission or commission neglects otherwise highly viable sources of revenue while they clamuor continuously for increased statutory allocation. Within this set-up, it is convincing that the local government can actually generate and spend more funds on capital project development if roper managerial concept is adopted by the chairmen and more so where a stable federal government system is in place.
However, one of the major reasons for this is the persistent political instability in the country such that both appointed and affected local government chairmen serve their tenure of office in a situation of high uncertainty, which negl