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The Role Of Accounting In The Control Of Public Expenditures In Nigeria
[A STUDY OF CENTRAL BANK OF NIGERIA ENUGU STATE]
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1.3 PURPOSE OF STUDY
This
study aims at investigating the role of accounting in the control of
public enterprises in Nigeria. The purpose of this study include among
others:
 To determine the extent to which accounting records has controlled the effect of expenditures in public enterprises.
 To find out factor that affects the accounting department preventing them from carryout their function as expected.
 To determine government policies which promote accountability in public enterprises in Nigeria.
1.4 SIGNIFICANCE OF THE STUDY
In
this study, the researchers have set out to examine the role of
accounting in the public sector in this country. Nigeria with the aid of
highlighting the inherent problem encountered in the account department
of most organizations. It is expected that this work will be of
interest to the owners of business enterprises, the government, students
and the general public.
To shareholders, owners of enterprise,
interested persons and the government, this study is expected to en
kindle their interest the more and they will take note of various
recommendations mentioned here and help steer the management team
towards forming a study organizations to present an accurate financial
information of their firm.
This study will also help to serve as
literature to individual or corporate bodies into want to carry on
further research on the role of accounting in the public sector in
Nigeria.
1.5 RESEARCH QUESTIONS
1. What extent does accounting records has control in affecting the expenditure of public enterprise?
2.
What are the factors that affect accounting department of most
organization which makes them not to function effectively as expected?
3. What are these governments polices which promote accountability in Nigeria public enterprises?
1.6 RESEARCH HYPOTHESES
This research hypothesis is to know the findings or result of this research;
1. H0 - Good accounting records budgeting has no control effect on expenditure of public enterprises.
H1- Good accounting records budgeting has control effect on expenditure of public enterprises.
2. H0- Corruption do not affects the quality of service rendered by accountants in public enterprises.
H1- Corruption affects the quality of service rendered by accountants in public enterprises.
3. H0- Government accounting policies do not aid in promoting accountability in Nigeria public Enterprise
H1- Government accounting policies aid in promoting accountability in Nigeria Public Enterprises.
1.6 SCOPE AND LIMITATION OF THE STUDY
Scope
of the study shows extent of coverage done in the study. The research
topic suggests a study on the role of accounting in the public
enterprises in Nigeria. The focus of the study is on Central Bank of
Nigeria (CBN) Enugu State. I take this to be a fair representative of
Nigerian Public Enterprise that is either avoidable or hard to come by.
There are factors as constraints that normally follow this research work, some of them are;
1.
TIME: This which was a major problem was adequately not managed by the
researcher. There is not enough time for the research to get the project
time, get it approved and within a short time we will be talking about
our exams assignment and quiz.
2. LACK OF MATERALS: The un
co-operative of most people working in the library other offices where
the research needed to get materials posed great problem to the
research. Some of the staff do not feel safe
letting have access to
some materials while other will change you more than double the cost of
Photostat before one can get what he wants.
3. FINANCE: Before now
our project use to be a joint project of a group of four-ten people but
now it has to be on individual student. So finance hinder the projects
in one way or the other. Esther by transportation to where to get the
materials or where to obtain the necessary information.
1.8 DEFINITION OF TERMS
MANAGEMENT:
Its function, it is centered on the running and controlling of the
organization, the way the directors perform their function to attain a
successful operation.
ACCOUNTING: In this context, an accountants
records, classify and summaries all public expenditure in the Central
Bank of Nigeria in a significant manner and in terms of monetary events
and transaction which are in part at least financial character and to
interpreter the result thereof.
FINANCIAL STATEMENT: An accountant
makes an accounting report issued by a business to describe its
financial affairs and results of the operations.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThis 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. Lite ... Continue reading---
