APPRAISAL OF ACCOUNTING SYSTEM IN THE PUBLIC SECTOR

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TABLE OF CONTENTS
Title page
Declaration:………………………………………………………………………. i.
Certification:…………………………………………………………………….. ii
Dedication…………………………………………………………………………iii
Acknowledgements:……………………………………………………………iv
Abstract:…………………………………………………………………………..v

CHAPTER ONE: INTRODUTION
1.1        BACKGROUND OF THE STUDY:……………………..1
1.2        STATEMENT OF THE PROBLEM:…………………….3
1.3        Objectives of the study………………………………….5
1.4        Research Questions:………………………………………5
1.5        Research Hypotheses:……………………………………6
1.6        Significance of the study………………………………..6
1.7        Scope and Limitation of the study………………….8
1.8        Definition of terms:………………………………………..10

CHAPTER TWO: REVIEW OF LITERATURE
2.1    Theoretical Review:……………………………………….17
2.2    Conceptual Review:……………………………………….18
2.3    Historical Development of Government Accounting:..19
2.4    Financial Information……………………………………….23
2.5 Sources of Cash and Recording Media: ……………..25
2.6    Nature and Purpose of Government Accounting: …………….31
2.7    Fund Accounting Classification: ………………………………………34
2.8   Basis of Accounting: ………………………………………………………..39
2.9   Depreciation:………………………………………………………………46
2.10 Summary Review:…………………………………………………………46

CHAPTER THREE: RESEARCH METHODOLOGY AND DESIGN
3.1 Research design:…………………………………………………………….48
3.2 Population of the study: …………………………………………………….49
3.3 Determination of sample size: ……………………………………………50
3.4 Sources of data: ………………………………………………………………52
3.5 Method of date collection: ………………………………………………….53
3.6 Procedure of date analysis: ………………………………………………54

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4:1 Introduction: …………………………………………………………………55
4.2 Data presentation: ……………………………………………………………56
4.3 Hypotheses Test: ……………………………………………………….……61
4.4 Discussion of Results: ………………………………………………………..68

CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS
5.1 Summary of Findings: ……………………………………………………….70
5.2Conclusion: …………………………………………………………….…….71
5.3 Recommendation: …………………………………………………………..71
References: …………………………………………………………………….
Appendix: ……………………………………………………………………

CHAPTER ONE
INTRODUCTION

1.1 Background of the study

The practice accountability for public funds dates back to the history of the ancient Greece. As old as theory is, it would not be erroneous to say that the idea has been equally lost to antiquity although not much is known about it, this makes the subject, government accounting to remain a myth.

However, there is general awareness all over the world of the need to pay greater attention to the development of government accounting and financial control. The reason is obvious, government, in most , if not all nations constitute the economy. Government in any society is basically for maintaining law and order. With changes and the complete nature of the society, government responsibility has automatically changed from the role of maintaining law and order to business like nature in the modern era.

The enormous activities of government, equally call for enlarged government accounting in order to accommodate the innense task. As a result of this development, the traditional cash procedures of accounting can hardly meet the demands of reasonable accounting for modern government in providing necessary for information. Therefore there is need for government accounting to be dynamic in order to accommodate both the fundamental roles and the developments.

1.2 Statement Of The Problem

The problem of this research is to identify these weaknesses and limitations inherent in the cash accounting system of the public sector ( in relation to the accounting system of the sample ministry).
This is with a view to propose means of eliminating them completely or at least reducing them to the barest minimum. Put in question from, what are those weaknesses and limitation that militates against adequate and efficient accounting system and financial reporting in the public sector and how can they be eliminated?

1.8   Definition Of Terms

Every field, discipline or profession has its terminology. Therefore, government accounting can never be an exception. In order to ensure easy understanding by the users of this work in relation to government accounting which are extensively applicable in public sector and or which have different meaning from private sector interpretation and usage are here by define below: ..purchase the full copy..

 

CHAPTER TWO

REVIES OF RELATED LITERATURE

Originally there were distinguishing features that differentiate government accounting and commercial accounting. But in the new ear, there is little or no different because most government units area now engaging in the profit making ventures, while some commercial enterprises also engage in non-profit ventures.

The two main differences usually pointed out are:

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2.4 Sources Of Cash And Recording Media
The term cash is freely used in this paper to mean “public money” as defined by section 2 if the (financial control and management) act October (1985) which includes:
The public Revenue of the federation or state, any monies held in his official capacity whether subject to any trust or specific location or not. By any officer in the public service or the federation or by any agent of the government whether alone or jointly with other person”