ABSTRACT
We recognize that financial control is aimed at the attainment of optimum efficiency in the performance of public service, and one of the merits of the planning-programming-budgeting system (PPBS) is the fact that it emphasizes objective criteria of effectiveness and efficiency by forcing policy maker to examine simultaneously a wide range of alternative options in meeting an objective.
The level of government spending depends not only upon the scope and extent of various functions performed, but also upon the efficiency with which these public goods are delivered. As with programme development, the persons in the best position to increase efficiency are those in direct control of the conduct of particular public services. But these public functionaries often lack incentives to perform, or knowledge of how to do so, or they may for personal reasons prefer certain lines of actions contrary to the efficient goal, particularly that of carrying out as large a “bureaucratic empire” under their own domain as possible.
On the whole, the maintenance of maximum efficiency in government operation in order to obtain value for money is a task requiring vigilance and continuous improvement. For this methodology to be carried out, there is need to formulate an acceptable measure that will constantly be examining the relationship from time to time this research project therefore examines the development and application of financial control in the management of resources in the public sector.
TABLE OF CONTENTS
TITLE PAGE II
CERTIFICATION PAGE III
DEDICATION IV
ACKNOWLEDGEMENT V
TABLE OF CONTENTS VIII
ABSTRACT VI
CHAPTER ONE
INTRODUCTION 1
1.1 BACKGROUND OF THE STUDY 1
1.2 PURPOSE OF THE STUDY 17
1.3 METHODOLOGY 17
1.4 SCOPE AND LIMITATIONS 18
1.5 SIGNIFICANCE OF THE STUDY 18
1.6 DEFINITION OF TERMS 18
1.7 RESEARCH QUESTIONS 19
REFERENCES 21
CHAPTER TWO
REVIEW OF THE FINANCIAL FUNCTIONS 22
2.1 FINANCIAL CONTROL 28
2.2 TYPES OF FINANCIAL CONTROL 31
2.3 FINANCIAL CONTROL INSTRUMENTS 36
2.4 FEDERAL FINANCIAL CONTROL SYSTEM 45
2.5 FINANCIAL CONTROL STRUCTURE 53
2.6 CONTROL IN KEY RESULT AREAS OF ACCOUNTING 57
REFERENCES 67
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 PROBLEMS OF THE STUDY 69
3.2 RESEARCH DESIGN 70
3.3 AIMS 71
3.4 INSTRUMENT OF RESEARCH 71
3.5 IDENTIFICATION OF POPULATION 73
3.6 SELECTION OF SAMPLES 74
3.7 ADMINISTRATION OF QUESTIONNAIRES 75
3.8 DATA ANALYSIS METHOD 77
REFERENCES 78
CHAPTER FOUR
PRESENTATION AND ANALYSIS OF DATA 79
4.1 FACTS ABOUT THE CASE STUDY 79
4.2 PRESENTATION AND ANALYSIS OF BIO-DATA 82
4.3 RESPONDENTS’ VIEWS ON PAYROLL CONTROL
QUESTIONS 87
CHAPTER FIVE
SUMMARY, CONCLUSIONS AND RECOMMENDATIONS
5.1 SUMMARY 91
5.2 FINDINGS AND CONCLUSIONS 96
5.3 RECOMMENDATIONS 96
SELECTED REFERENCES AND BIBLIOGRAPHY 100
