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 pagei
Approval page ii
Dedication iii
Acknowledgement iv
Abstractvi
Table of content vii
CHAPTER ONE: INTRODUCTION
1.1 Background of the study1
1.2 Statement of the problem 3
1.3 Objectives of the study4
1.4 Research questions5
1.5 Formulation of research hypotheses 5
1.6 Significance of the study6
1.7 Scope of the study7
1.8 Limitations of the study7-8
CHAPTER TWO: REVIEW OF RELATED LITERATURE
2.1 The concept of public sector9
2.2 Overview of public sector accounting 12
2.3 Peculiarities of public sector accounting 13
2.4 Appraisal of Nigeria financial control system19
2.5 Objectives of Public Sector Accounting22
2.6 The role of public sector accounting in Nigeria financial control
System.24
2.7.1 Sources of revenue to local government in Nigeria26
2.7.2 Functions of local governments in Nigeria27
2.7.3 Controls of local governments in Nigeria30
CHAPTER THREE: RESEARCH DESIGN AND METHODOLOGY
3.1 Research design33
3.2 Sources of data 33
3.2.1 Primary data33
3.2.2 Secondary data 34
3.3 Population of the study34
3.4 Sample size determination 34
3.5 Sampling technique 35
3.6 Research instrument used35
3.7.1 Reliability of research instrument36
3.7.2 Validity of research instrument used36
3.8 Method of data treatment and analysis36
3.9 Area of the study37
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 Recommendations57
BIBLIOGRAPHY59
APPENDIX / QUESTIONNAIRE62
