This research was aimed at finding out the impact of public sector accounting in Nigeria financial control system using local governments in Nigeria 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 is enough for them etc. The population size used was the staff and members of local governments in Nigeria, out of which the sample size was selected using the stratified sampling technique . Data for this study were primarily and secondarily sourced. Chi-square was used to analyze the responses gotten from the distributed questionnaires. The findings made in this study are; the public accounting principles applied by the said local government area is inappropriate and ineffective and the control of public fund measures adopted is also inappropriate etc, based on the findings, it was concluded that the public sector accounting principles applied by the local government is inappropriate and also the control of public fund measures adopted was inappropriate. Recommendations were also made based on the findings which are, an account committee should be set up to control the accounting system of the said local government and monitor their day to day activities etc and when this is met, the goal of creating the local government will be achieved.
TABLE OF CONTENT
PAGE
Title page i
Approval page ii
Dedication iii
Acknowledgement iv
Abstract vi
Table of content vii
CHAPTER ONE: INTRODUCTION
1.1 Background of the study 1
1.2 Statement of the problem 3
1.3 Objectives of the study 4
1.4 Research questions 5
1.5 Formulation of research hypotheses 5
1.6 Significance of the study 6
1.7 Scope of the study 7
1.8 Limitations of the study 7-8
CHAPTER TWO: REVIEW OF RELATED LITERATURE
2.1 The concept of public sector 9
2.2 Overview of public sector accounting 12
2.3 Peculiarities of public sector accounting 13
2.4 Appraisal of Nigeria financial control system 19
2.5 Objectives of Public Sector Accounting 22
2.6 The role of public sector accounting in Nigeria financial control
System. 24
2.7.1 Sources of revenue to local government in Nigeria 26
2.7.2 Functions of local governments in Nigeria 27
2.7.3 Controls of local governments in Nigeria 30
CHAPTER THREE: RESEARCH DESIGN AND METHODOLOGY
3.1 Research design 33
3.2 Sources of data 33
3.2.1 Primary data 33
3.2.2 Secondary data 34
3.3 Population of the study 34
3.4 Sample size determination 34
3.5 Sampling technique 35
3.6 Research instrument used 35
3.7.1 Reliability of research instrument 36
3.7.2 Validity of research instrument used 36
3.8 Method of data treatment and analysis 36
3.9 Area of the study 37
CHAPTER FOUR: DATA PRESENTATION AND ANAYSIS
4:1 Data presentation/Analysis 38
4.2 Test of hypotheses 47
CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSIONS
AND RECOMMENDATIONS
5.1 Summary of the findings 55
5.2 Conclusion 56
5.3 Recommendations 57
BIBLIOGRAPHY 59
APPENDIX / QUESTIONNAIRE 62
