+234 813 0686 500
+234 809 3423 853
info@grossarchive.com

THE ROLE OF ACCOUNTING IN THE CONTROL OF PUBLIC EXPENDITURE IN NIGERIA (A CASE STUDY OF CENTRAL BANK OF NIGEIRA (CBN)

  • Type:Project
  • Pages:87
  • Format:Microsoft Word
(Accounting Project Topics & Materials)
1.1 INTRODUCTION
In most developing countries including Nigeria, government participation in economic activity is usually significant.  One of the ways through which government has intervened in Nigerian economy is through the establishment of public enterprises and statutory bodies operating services of an economic or social character on behalf of the government.
Since the colonial era, especially after independence in 1960, Nigerian public enterprises have witnessed a steady growth unit recently.  Its Olisa (1988:133) pet it. Beginning as a trickle in the period between this era of the second world war and Nigeria attainment of independence the creation of public corporations had risen to flood level since independence and his maintained a steady growth.  The rational behind the establishment of public enterprises in Nigeria are many.  Some of the reason include:  generating revenue, they would add to available rational capital for the support of development and welfare programme, making to be controlled by a  few individual, it possible for important profitable enterprises to be controlled by a few individual or group, organization certain critical activities national survival and economic stability and providing employment opportunities (Ademolukun 1983).  However, after a long period of growing, starts intervention in the Nigerian economy through public enterprises, the and of 1980’s onwards had witnessed a reversed which has sometimes been dramatic in public opinion and therefore public policy.
This has been brought by the persistent losses which state enterprises that have been running over fears. Consequently, there has been a willingness to look at alternative policy strategies for the achievement of economic development.  At the forefront of these strategies is the minimization privatization of public enterprises.
In Nigeria, public  enterprises are engaged in a while spectrum of economic activities including agriculture, mining, construction, manufacturing, commerce and services.  The classification of public enterprises in Nigeria, had been made according to varieties of criteria by different authorities.  The public service review commission (1975:101) classified public sector int.
Public utilities
Regulatory of service body
Financial institutions
Commercial ad industrial enterprises
Being a mixed economy, individuals also own and operate private enterprises.  A firm classified as private enterprises when it is founded and managed by an individual and Ora group of individual.  These firms are expected to be registered in the local government within which they operate.

The rationale for the establishment of private enterprises are numerous just like establishment of public enterprises. T hey include amongst other.  Provision of employment opportunities.  Generating  income for the owner of the enterprises.  Government interest in profit growth of the enterprises which determine the tax liabilities of the firms, improve the performance of the public sector through competition.  Moreover, the general public is concerned with the contribution which makes towards social upliftment which is exhibited to the environment in which the business is loaded and its willingness to contribute to the development of the environment.
The activities of the public enterprises have been on the increase in resent times which necessitated the introduction of the accounting practice to check and monitor the financial activities of these enterprises.  In this book, titled principles of accounting, by Bimage (1985) accounting is defined as a process by which data relating to the economic activities of an organization are measured, recorded and communicated to interested parties for analysis and interpretation.
The earliest method of accounting records were kept in physical quantities.  These records came from the Eastern (early) civilization which involved in the countries around the Mediterranean sea such as Mesopotamia, Egypt, Crete, Italy etc.  money was recorded as soon as money took the place of barter as a medium of exchange and unit of accounting practice has been closely related to the economic development of the country.  If the business organization grows in size and complexity, management and outsiders became more clearly differentiate from the outside groups which include owners of the firm (stock holder) creditors, government employer and the general public.
The differentiation necessitated the need to have accounting department in the enterprises to give accurate financial of the management and to satisfy the outside demands or the general public who are already interested on whether the enterprises in growing or not.

The role of accounting in public enterprises in Nigeria is primarily to ensure accurate accountability in these sector and present the time and fair financial position of the enterprises.  The role is of utmost importance in any organization.  An organization can only grow or profit when the resources are well managed and effective observed over expenditure.  These resource can only be well managed if accounting department of the organization give an accurate financial information to know how ,much the enterprises having.  It is only when this is done that the firm allocate its resources and knows what is to be done.
The role of accounting seems to be more pronounced in the public enterprises.  In recent time there are cases of misappropriation of funds in the public enterprises and improper accountability.  These factors have led to a lot of public enterprises going into oblivon. If the government has reorganized the role of accounting, all these febles should not have arisen.  No enterprises can move forward without having a well organized financial departments to give accurate financial; information about the firm.

This is because if improper accounting records are not minimized or where possible eradicated these is bound to be cases of public enterprises failure.  Consequently, staff of such enterprises will forced out of their job.  This will result to economic and social; activities in the society.

TABLE OF CONTENTS

Title page
Approval page
Dedication
Acknowledgement
Proposal 
Table of content

CHAPATER ONE
1.1 Introduction
1.2 Historical Development of CBU (A Public company)
1.3 Statement of problem
1.4 Purpose of study
1.5 Research questions
1.6 Significance of study
1.7 Scope and limitations of the study
1.8 Definition of term
References 

CHAPTER TWO
2.1 Literature Review
2.2 Historical development of Accounting in Nigeria
2.3 The nature of accounting principles
2.4 Types of accounting principles
2.5 Factors affecting accounting principles
2.6 Budgeting and budgetary control
2.7 Standard costing as a tool for control 
References.

CHAPTER THREE
3.1 Research Methodology
3.2 Research design
3.3 Determination of sample
3.4 Area of study
3.5 Population study
3.6 Sample of study
3.7 Method of investigation
3.8 Method of data analysis
3.9 Development of research instrument

CHAPTER FOUR
4.1 Presentation of data & Analysis
4.2 Presentation of data
4.3 Analysis of data

CHAPTER FIVE
5.1 Summary of findings
5.2 Conclusion 
5.3 Recommendations
5.4 References 



THE ROLE OF ACCOUNTING IN THE CONTROL OF PUBLIC EXPENDITURE IN NIGERIA (A CASE STUDY OF CENTRAL BANK OF NIGEIRA (CBN)

Share This

Details

Type Project
Department Accounting
Project ID ACC2383
Price ₦3,000 ($9)
No of Pages 87 Pages
Format Microsoft Word

500
Leave a comment...

    Details

    Type Project
    Department Accounting
    Project ID ACC2383
    Price ₦3,000 ($9)
    No of Pages 87 Pages
    Format Microsoft Word

    Related Works

    THE ROLE OF ACCOUNTING IN THE CONTROL OF PUBLIC EXPENDITURE IN NIGERIA (A CASE STUDY OF CENTRAL BANK OF NIGERIA [CBN]) ABSTRACT In recent times some of the public organizations in Nigeria have been faced with cases of financial crisis. Those of them survived more in a snail pace. Obviously the causes of financial crisis in our public sector have... Continue Reading
    CHAPTER ONE 1.1 INTRODUCTION In most developing countries including Nigeria, government participation in economic activity is usually significant. One of the ways through which government has intervened in Nigerian economy is through the establishment of public enterprises and statutory bodies operating services of an economic or social character... Continue Reading
    1.1 INTRODUCTION In most developing countries including Nigeria, government participation in economic activity is usually significant. One of the ways through which government has intervened in Nigerian economy is through the establishment of public enterprises and statutory bodies operating services of an economic or social character on behalf of... Continue Reading
    ABSTRACT This study on the Role of Accounting in Public Expenditure (A case study of Central Bank of Nigeria). Accounting as eh process of which data relating to the economic activities of an organization are measured, recorded and communicated to interest parties for analysis and interpretation plays a vital role in public expenditure. The major... Continue Reading
    ABSTRACT In recent times some of the public organizations in Nigeria have been faced with cases of financial crisis. Those of them that survived more in a snail pace. Obviously the causes of financial crisis in our public sector have been attributed to total negligence of the roles of accounting in our public organizations. This research work will... Continue Reading
    ABSTRACT This research examines the role of accounting in the control of public expenditures in Nigeria, a case study of control bank of Nigeria, Enugu State. The researcher adopted descriptive survey design. The population of... Continue Reading
    ABSTRACT Over the years, the management and control of public expenditure owing to its spectacular increase both intensively has not only become a consistent concern of the government, but the above is section, this research work is... Continue Reading
    (A CASE STUDY OF CENTRAL BANK OF NIGERIA (CBN) PROPOSAL   In recent times some of the public organizations in Nigeria have been faced with cases of financial crisis. Those  of them that survived more in a snail pace.  Obviously the causes of financial crisis in our public... Continue Reading
    CHAPTER ONE INTRODUCTION 1.1 Background to the Study In most developing countries including Nigerian government participation in economic activity is usually significant. One of the ways through which government has intervened in Nigerian economy is through the establishment of public enterprises and statutory bodies operating service of an... Continue Reading
    Abstract The project examines the influence of accounting system on public expenditure control in Nigeria using Etsako West Local Government as a case study. The main objective of this study is to find out how local government accounting system helps to control and regulate public expenditure in Nigeria and also to find out the extent to which the... Continue Reading