THE ROLE OF ACCOUNTING IN THE CONTROL OF GOVERNMENT EXPENDITURE

THE ROLE OF ACCOUNTING IN THE CONTROL OF GOVERNMENT EXPENDITURE

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PREFACE

          This term paper is a dear exposition of role of accounting in the control of forernment expenduture.

The writer has brought her considerables research report as a student who has really gone through research studies by analyszing the role of accounting in the control of government expendeture.  This term paper will enable accountin student to develop their ability to focus on what is relevant and ways means and methods of accounting in the control of thermment expenduture which will improve the auality of accountability in government expenditure.

It is arranged in such a way that one chapter flows and naturally leads to another. It is arranged in three chapters the study starts in chapter two analyses of the areas of expenditure, explain account and analysis of the differences of public expenditure planning and chapter three summaries of the topics.

Generally, this term paper is ideal for studies studing accounting academicans will also find this a worth reference material.

CHAPTER ONE

INTRODUCTION

  • BACKGROUND OF THE STUDY
  • STATEMENT OF THE STUDY
  • PURPOSE AND OBJECTIVE OF THE STUDY
  • SIGNIFICANCE OF THE STUDY
  • SCOPE AND LIMITATION
  • DEFINITION OF TERMS

 

 

CHAPTER TWO

REVIEW OF RELATED LITERATURE

  • MEANING OF PUBLIC ACCOUNTING
  • SOURCES OF MONEY INTO PUBLIC ACCOUNT
  • AREA OF EXPENDITURE FROM PUBLIC ACCOUNT
  • WHO IS AN ACCOUNT
  • TYPES OF ACCOUNTING OFFICERS IN THE ACCOUNT
  • THE ROLE OF ACCOUNTING OFFICERS IN THE CONTROL OF PUBLIC EXPENDITURE
  • DEFFICIENCES OF PUBLIC EXPENDITURE PLANNING

 

CHAPTER THREE

  • SUMMARY OF FINDINGS
  • CONCLUSION
  • RECOMMENDATION

BIBLIOGRAPHY


CHAPTER ONE

INTRODUCTION

  • BACKGROUND OF THE STUDY

Accounting is said to be a language of business.  Accounting is the act of recording, classifying and summarizing; analyzing, interpreting and reporting financial transaction.  Every body in the society works with accounting concepts and information in their duty activities, whether preparing a household budget, balancing check book, prepaid income tax return, running an association or an organization.  Therefore the owners and managements of any firms need accounting knowledge in order to understand what accounting is al about.

The major purpose of accounting is to provide financial information or records about an economic entity.  In order to do this there is need of keeping track of the daily business activities.  The methods used by a business to keep records of its periodic accounting reports comprises the accounting system is to create a systematic record of the everyday business transaction or activity in terms of many ways, such as follows;

  1. By writing with pen and pencil
  2. By printing with mechanical or electronic e.g digital computer
  • By punching roles or making magnetic impressions cards or tape.

Accounting information can be created thus;

Recording

Classifying

Summarizing

Accounting reports are usually rewered by users of accounting information.  since the information needs of various users differ.  It follows that the accounting system of a business eutity must be able to provide various types of accounting reports.  The information in these reports must be presented in accordance with certain ground rules and assumption, so that users of the reports will be able to interpret the information propery.

 

  • STATEMENT OF PROBLEMS

It has been said that accountants plays an important role in the control of government expenditure and this role they play have some effect.  The problems inudering accountants from implemented effective control are stated below;

  1. Lack of understanding of the purpose of government accounting among the society in general and the following specific groups in particular, the policious, the administrations and a subsantial proportion of the accounting personnel in government.
  2. Lack of co-ordination between budgetring and accounting which are complimentary functions, non use of government accounts for budgeting function by the budget department.
  3. shortage of qualified accounting staff due to lack of training facilities within and outside government.
  4. difficulty of pusing through proposals of improvement in financial administration at both national, state and departmental levels.
  5. failure to apply computerization effectively to the accounting systems.

accounting personnel poses inadequate accounting education, therefore poor undrstanding of the role of accounting

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