The Impact Of Effective Public Sector Accounting On Public Funds Management In Nigeria
Abstract
This study has been carried out critically analysis and the impact of effective public sector account on public fund operation in Nigeria. This design work was needed by the way government play in the development of the grassroots socially, economically and politically. In so doing, the experimenter used both primary and secondary system in collecting government council. Both questionnaire and interview system were used while other data were collected from handbooks, journals and magazines of affiliated literatures to government account in Nigeria government. still, from the result of the finding and conclusion, it was observed by the exploration that the account system of government fell suddenly of being effective. As a result of this government has been caught in the cobweb of shy function and powers, shy finance, low administration, inefficiency and poor popular control. In malignancy of that the experimenter did make some reaching and clear recommendation, which if espoused will greatly solves some of these problems in the government council.
Chapter One
Preface
Background to the Study
Nigeria as a nation correspond of three position of government that have interest in the public sector account, thus, the status and power of these government are dearly defined by the constitution of the civil democracy of Nigeria. Included in the government is civil, state and original government. The original government is regarded as the thired league of the forenamed position of government and it’s essential in the development process of any country like Nigeria. This number similar as provision of social weal services, provision of community rallying, conservation of original requests and roadsetc.
Okhaide( 2001) editorialized that the united nation office for public administration( UNOPA) defined original government as a political branch of a nation or( in a civil system) state which is constituted by law and its substantial control of original affairs including the power to oppose, take and to employ labour for prescribed purpose.
The state government has a considerable power over their original government council. The fiscal regulation in which the original government applies in the medication and donation of their account are formulated by the applicable statues.
fiscal regulation provides a base for internal control and external responsibility nonetheless, the question which has constantly arisen in the issues of original government in not really living up to anticipation in the eye of the common man and government. One move aspect that has drawn the attention of the experimenters has been the purport lack of fiscal.
Johnson( 1995) attributed these as shy finances embezzlement, deficit of trained particular, poor structure, ignorance among councilors bribery, and corruption, favoritism, and nepotism, poor collection system of levies and poor communication system.
In addition the system of account, auditing and control in Nigeria original government dearly leaves important to ask . These original government hardly know of any form of inspection other than those performed periodically by officers of state government. This inspection exercise came up rarely and when conducted are done unprofessionally. In view of these clear scarcities in original government councils, this exploration will give a deliberate attempt to approach this question with a view to take a stage on some critical issues and making recommendation on how to ameliorate on the system of account used by the original government.
Statement of the Problem
Account in the public sector was needed by the need to collected and expend finances for the government.
1. Is there any system of account in the third league of government?
2. Is there any need for effective and sound system of account in the original government councils?
3. Is original government account and fiscal data useful?
4. Do public officers at the grassroot position of original government councils given substantiation of account of their stewardship?
5. Is there acceptable information useful for the good control and effective operation of government operation?
Exploration Questions
1. Does original government council has account records?
2. Does original government council prepared their account in compliance with the operation guidelines?
3. Does medication of original government account show effectiveness?
4. Does the original government council have acceptable internal control system?
5. Does the original government council have internal inspection department?
6. Does the original government council reply on the recommendation of the internal adjudicator?
7. Does the original government council inspection their account periodically?
Ideal of the Study
Government performs a wide rage of service and conditioning involving sizeable public finances. This high degree of fiscal commitment has created the need for sound system and ways of counting necessary for responsible and effective public administration. The process and structure of any account system have to be related to the need of the druggies of counting information. Hence the purpose of this exploration includes.
1. To estimate and pierce the being system of account in the third league of government.
2. To ascertain the utility of original government fiscal data.
3. To emphasize the need for an effective and sound system of account in the original government council
4. To emphasize the need for public officers at the grassroots position to give substantiation of responsibility for their stewardship.
5. To give useful information for effective control and effective operation of government operation.
6. To easily understand the type of account and return prepared by the original government.
Statement of suppositions
In the following thesis were formulated in order to have better understanding of this study.
thesis One
HO Nigeria original government council has is counting recorded.
HI Nigeria original government council has account recorded.
thesis Two
HO Original government account aren’t prepared in compliance with the applicable guidelines.
HI Original government account are prepared in compliance with the applicable guidelines.
thesis Three
HO The medication of original government account doesn’t show effectiveness.
HI The medication of the original government account show effectiveness.
Significance of the Study
In the light of the present profitable recession in Nigeria and the need to bring government closer to the people at the grassroot position, the civil government has supposed it fit to extend some of its liabilities to the original government councils.
This exploration will help to break problems encountered by original government authorities in effectively in having a system of book keeping and sound system of account. therefore, this exploration will substantially be useful in the following ways.
1. To Original residers it serves as an occasion on the need of original authorities to put in place effective and sound system account, which provides fiscal data that will enable them estimate the conditioning and performance of original government authorities in relation to their anticipation.
2. Administration and Politicians the will find this design veritably useful as it compels the need on the need of the part of original government president and their council values of system of account which provides a suitable substantiation of their stewardship.
3. This design will also educate the government more so as to pay further attention to grassroot development.
4. In addition experimenter will also find it veritably useful not to serve as material but also to serve as an sapience into the particular area of study.
5. This design work will be of great benefit to the nation as is unsexed towards chancing result to the problems of account in original government council.
Compass of the Study
In the view of different nature of this exploration work, the experimenter has concentrated his exploration study within the geographical areas of a original government council in Edo State.
To acceptable cover this exploration work particular interview and well structured. Questionnaires were administered to the original government council for rooting applicable information necessary for the purpose of this study. The compass of this study also cover similar issues as the fiscal processes breathing in the original government and the inspection of books account of the original government council with the view of critically assessing the effectiveness of the system of account.
Again it also intrigue the experimenter to critically examine the internal control system of the council and advise the council professionally if there’s any weakness in the internal control system.
Limitation of the Study
principally the experimenter study was to have a look at the impact of effective public sector account on public fund operation in Nigeria but the following constraints were encountered
1. incapability to gather enough information from the public.
2. In sufficient current accoutrements , similar as textbook book, journals, magazines, fiscal Statement etc
3. station of the replier to all question given to completion of the study.
4. shy constant inflow of information and poor communication network.
5. Non vacuity of essential material in the library.
Description of Terms
Adams( 2006) defined public sector account as a process of recording, communicating, summa rizing, assaying and interpreting government fiscal statement in total and in details reflecting all situations of sale involving the damage guardianship and disbursement of government finances.
The public sector includes all association which isn’t intimately possessed, and their thing isn’t primary to earn profit by its possessors.
The original base of this account is governed by the constitution. inspection constitution, financed regulations and profit fund, the development fund operation fund and contingency fund
Leave a Comment