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

ANALYSIS OF FINANCIAL CONTROL SYSTEM IN GOVERNMENT COMMERCIALIZED ENTERPRISES A CAST STUDY OF NEPA ENUGU

  • Type:Project
  • Pages:48
  • Format:Microsoft Word
(Public Administration Project Topics & Materials)
ABSTRACT
This research work analyses the financial control system in government enterprises in Nigeria.  The National Electric Power Authority (NEPA) Enugu was chosen as a case study.
The purpose of the study is to examine if there are financial control measures in NEPA Enugu, to see if these measures are adequate and in line with provisions of the regulations of the state and federal government, to determine if these measures are effectively applied and thus examine the implication of financial control NEPA Enugu.
Twenty workers in the accounts department of NEPA, Enugu both district and zonal offices were chosen as the respondents of the study.
Responses were collected from them with the use of questionnaire and oral interview were administered personally on them.
The researcher was able to ascertain from the study.  That a good financial control system is in line with the regulations of the federal and state government.  the adoption of this financial regulations serves as a guideline for workers which they have to comply.  Also for the effective control on the movement of materials specific precautions are taken to ensure accountability.
It was also revealed from the research that an internal checking and auditing unit exist and the organization maintained two accounts in order to exercise control over cash.
It was ascertained that there were fewer cases of fraud in the enterprise and that financial control system of establishment have been able to stand the test of time having assisted in checking fraud, and misappropriation.
Finally the researcher made some recommendations which if adopted will enhance greater efficiency.  Some of the key recommendations are that the financial control system of the organization should not revolve around a person, no matter how highly placed, otherwise in his absence there would be flows rather the financial control should revolve around procedures, processes and techniques.
Also the personnel management board of this organization should ensure that honest, well qualified and sincere workers with integrity are employed.
This is because it is a control weakness to very stick and advanced control mechanism manned by cheap and unqualified staff with a history of fraud and incompetence.  Hence dishonest and negatively ingenious staff with dubious motive can beat any system no matter how right.
TABLE OF CONTENT
Title page ii
Approval page iii
Dedication iv
Acknowledgement v
Abstract vii
List of tables ix
Table of contents x

CHAPTER ONE
Introduction 1
1.1 Background of the study 1
1.2 Statement of problem 4
1.3 Objectives of the study 6
1.4 Scope and delimitation of study 7
1.5 Research questions 7
1.6 Significance of study 8
1.7 Definition of terms 9

CHAPTER TWO
Review of Literature 10
2.1 Concept of internal control system 12
2.2 Features of a good financial control system 16
2.3 The 1988 civil services reforms on financial accounting 
control system as it affects government enterprises 19
2.4 Government accounting and control 21
2.5 Store control 22
2.6 Cash receipt and disbursements 23
2.7 Budgeting 24

CHAPTER THREE
Methodology 25
3.1 Research design 25
3.2 Population 26
3.3 Sample and sampling technique 26
3.4 Research instrument 27
3.5 Reliability and validity of instrument 27
3.6 Method of data collection 27
3.7 Method of data analysis 28

CHAPTER FOUR
Data Presentation and Result 30
4.1 Analysis of questionnaire responses 31

CHAPTER FIVE
Summary of research findings, conclusion and recommendation 36
5.1 Summary of findings 36
5.2 Conclusion 38
5.3 Recommendation 39
Bibliography 40

ANALYSIS OF FINANCIAL CONTROL SYSTEM IN GOVERNMENT COMMERCIALIZED ENTERPRISES A CAST STUDY OF NEPA ENUGU

Share This

Details

Type Project
Department Public Administration
Project ID PUB0712
Price ₦3,000 ($9)
No of Pages 48 Pages
Format Microsoft Word

500
Leave a comment...

    Details

    Type Project
    Department Public Administration
    Project ID PUB0712
    Price ₦3,000 ($9)
    No of Pages 48 Pages
    Format Microsoft Word

    Related Works

    THE EVALUATION OF INTERNAL CONTROL SYSTEM OF NEPA (A CASE STUDY OF ENUGU DISTRICT) PROPOSAL This research work is defined to look into internal control system in NEPA and to evaluate the system. Whether there is any problem associated with internal control system and possible solution to be adopted to make sure that the problem is solved.The study... Continue Reading
    ABSTRACT In consonance with its transition of civil rule programme by the federal government this year, a lot of changes are being carried ou tin the local government. First was the election of the local government chairman and councilors on the 12th December 1987, followed by the appointment of sole administrators and replaced by the caretaker... Continue Reading
    ABSTRACT In consonance with its transition of civil rule programme by the federal government this year, a lot of changes are being carried ou tin the local government. First was the election of the local government chairman and councilors on the 12th December 1987, followed by the appointment of sole administrators and replaced by the caretaker... Continue Reading
    ABSTRACT In consonance with its transition of civil rule programme by the federal government this year, a lot of changes are being carried ou tin the local government. First was the election of the local government chairman and councilors on the 12th December 1987, followed by the appointment of sole administrators and replaced by the caretaker... Continue Reading
    THE EFFECTS OF GOVERNMENT CONTROLS ON COMMERCIALIZED COMPANIES (A CASE STUDY OF NIGERIA POSTAL SERVICE COMMISSION NIPOST PLC ENUGU STATE) ABSTRACT This works is a comprehensive assessment of the effects of government controls on commercialized companies in Nigeria. For an indept study, a case study which represents an aspect of a large experience... Continue Reading
    ABSTRACT One of the most researched and least understood variables of public sector accounting is how the accountability and stewardship of financial control is conducted. People have been speculating on how the funds generated are managed but now researchers have conducted systematic investigation of funds and leakage in local government revenue... Continue Reading
    ABSTRACT The thrust of this work is the role of auditors in financial control, to this end, the concept and practice of auditing were generally examined. The company under review is the sole manufacturer of Sous Vegetable Oil and other like jet bar soap, gold bar soap and its environs, enjoys monopolistic tendencies. The essence for “financial... Continue Reading
    ABSTRACT Generally, our society today tends to misunderstand who a secretary is and his impact in improving the quality of services rendered by both government parastatals and private sector. As a result secretaries are looked upon and neglected because the society assume that their duties goes beyond typing and writing shorthand. In this project,... Continue Reading
    Abstract The role of public sector accounting seems to be more pronounce in the control of public revenue and expenses in relation to the Local government administration in Nigeria, as it forms a growing trend among the general public during the period of economic recession. However, the aspect of public sector accounting that has received much... Continue Reading
    ABSTRACT Branch (1975) was of the view that productivity means the continuing improvement of the firm management performance in the use of resources and though the operations it is conducted. However the purpose of this work highligts those factors responsible for low productivity among Nigerian workers. The research tends to focus on those means... Continue Reading