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The Impact Of Public Sector Accounting In Nigeria Financial Control System
[A CASE STUDY OF ESAN SOUTH EAST LOCAL GOVERNMNENT AREA, EDO STATE]
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1.5 FORMULATION OF RESEARCH HYPOTHESES
The following hypotheses are formulated for the purpose of this research work:
HO:
the public sector accounting principles applied by Esan South East
Local Government authority is inappropriate and ineffective
HI: the public sector accounting principles applied by Esan South East Local Government authority is appropriate and effective
HO: the sources of revenue available to Esan South East Local Government authority is not enough for them
H2: the sources of revenue available to Esan South East Local Government authority is enough for them
HO: the control of public fund by the local government is inappropriate
H3: the control of public fund by the local government is appropriate
1.6 SIGNIFICANCE OF THE STUDY
This
research work will be of immense significance to the staff of Esan East
local government. It will go a long way in enlightening them on the
concept of public sector accounting as well as the best strategies to be
adopted to monitor its generated funds. This research work will as well
be of benefit to students and researchers because it will widen their
scope from the information contained in this research work and lastly,
it will help the entire nation in modifying the methods and approaches
used by different ministries, parastatals and other inter-ministerial
departments in their financial control system and also it will help them
in improving revenue generations and minimizes expenditures since
public sector is differentiate able from private sector or bodies.
1.7 SCOPE OF THE STUDY
This
research work on the impact of public sector accounting in Nigerian
financial control system is focused on Esan East local government of Edo
state.
1.8 LIMITATIONS OF THE STUDY
This research would have been
generalized to all local government areas in Nigeria but due to some
numerous factors, I have decided to limit my study to Esan south East
local government area, Edo state.
The following are the constraints encountered in this research:
1.
FINANCIAL CONSTRAINT: Finance is the key to the success of every
research work and the said finance was readily unavailable on my part as
at the time I was carrying out this research and as such, proper
research will not be carried out if I go about all local governments in
Nigeria.
2. TIME CONSTRAINT: The time stipulated for the submission
of this work was obviously too short and as such was unable to go about
all local government areas in Nigeria.
3. LACK OF KNOWLEDGEABLE AND
SINCERE PERSONNEL: some of the officials employed or appointed in most
local governments in Nigeria including that of Esan south East local
government has no knowledge of what public sector accounting is and they
are also not approachable because they placed themselves on a very high
esteem and even when one is opportune to interview them, there is sure
to be
shortcomings arising from the basis such as,
misinformation, and deliberate distortion of facts and these is as a
result of not letting one know where revenue comes from and how it is
been utilized.
4. LACK OF RESERCH FACILITIES: Research facilities
such as transportation makes research work easier and interesting but it
is noted that Nigeria has a poor transportation system especially in
the area were most local government secretariat are situated and this
restricted me from going about all local government areas and as such, I
was forced to focus my study on Esan south East local government area
though, the research was still very difficult to carry out.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThis 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 ... Continue reading---
