ABSTRACT
This study designed to review overall financial reporting pattern and accounting basis prevalent in our local government make proper practical suggestion to improve the quality of financial reporting. Five research questions and two hypotheses were employed. Local government accounting and financial reporting aimed at providing an effective and efficient system to safe guarded the resources entrusted on them obvious problem of the topics of the study includes- lack qualified accounting personnel inadequacy of the basis of accounting and financial reporting prevalent in our local government aroused the interest of the researcher to make an in-depth and explanatory study as to find the solution and make recommendation. The statistical tools used to analyze the data are simple percentages and chi-square .It was find that Aguata L.G.A have encountered some problems in the preparation of their accounting ,the financial statement does not show the financial position of the organization properly .From the oral interviews, discussion and interaction it shows that a lot of need to be done on the part of Aguata L.G.A to educate their staff and other local government on the benefit of booking proper books of account and financial statement with relevant regulation .It was therefore recommended that employing professional qualified accountant prepare the account of local government .Employing depreciation and accrual accounting to improve the quality of report and enriching the annual report by adding new financial activities .Boarding the constituency of local government distribution of their reporting system .The local government accounting and financial reporting should be audited every year.
TABLE OF CONTENT
Title page i
Approved page ii
Dedication iii
Acknowledgment iv
Table of content v
Abstract
CHAPTER ONE
1.1 Background of the study 1
1.2 Statement of problem 4
1.3 Purpose of study 5
1.4 Research question 5
1.5 Research Hypothesis 6
1.6 Significance of the study 7
1.7 Scope of the study 7
1.8 Limitation of the study 8
1.9 Definition of terms 8
CHAPTER TWO
Literature Review
2.1 Overview of Public Sector Accounting 11
2.2 Local Government Reform in Nigeria 12
2.3 Local government Accounting System 14
2.4 Management Accounting in Local Government 19
2.5. Internal Auditing and Local Government 21
2.6. Users of Local Government Accounting and Financial Reporting 23
2.7. Financial Management in Local Government 24
2.8 Accounting System in Local Government
2.9 Summary of Literature Review
CHAPTER THREE
Research Methodology
3.1 Research Design 28
3.2 Area of the Study 28
3.3 Population of the Study 28
3.4 Sample of the Study 29
3.5 Instrument for Data Collection 29
3.6 Validation of the Instrument 30
3.7 Distribution and Retrieval of the Instrument 30
3.8. Method of Data Analysis 30
3.9 Statistical Test for Hypothesis 31
CHAPTER FOUR
Data Presentation and Analysis
4.0 Introduction 33
4.1 Data Presentation and Interpretation 33
4.2 Test of Hypothesis 37
4.3. Findings 39
4.4 Discussion of Finding 40
CHAPTER FIVE
Summary, Conclusion, and Recommendation
5.1 Summary of Findings 41
5.2 Conclusion 42
5.3 Recommendation 43
5.4 Suggestion for Future Research 44
Reference 45
Appendix A 47
Appendix B 46
Questionnaires 48
