THE EFFECT OF TREASURY SINGLE ACCOUNT (TSA) POLICY ON GOVERNMENT PARASTATALS CASH FLOW MANAGEMENT

  • Type: Project
  • Department: Accounting
  • Project ID: ACC3944
  • Access Fee: ₦5,000 ($14)
  • Pages: 47 Pages
  • Format: Microsoft Word
  • Views: 381
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

ABSTRACT

Treasury Single Account (TSA) came as a quick fix to regulating the level of accountability and transparency in the financial resources of the government of the country. Treasury Single Account (TSA) is a unified structure of government bank accounts enabling consolidation and optimal utilization of government cash resources. Through this bank account or set of linked bank accounts, the government transacts all its receipts and payments and gets a consolidated view of its cash position at any given time. However, this paper theoretically examined Treasury Single Account in Nigeria with a view to providing the way forward for the country. In this paper, we proposed that government should engage in massive public enlightenment about the importance of the policy at all levels. Also, government should adhere to the provisions of Section 162(1) of the Constitution of the Federal Republic of Nigeria (as amended) for the maintenance of Federation accounts and avoid using private contractors (SystemSpecs-Remita). Though Section 162(1) has made provisions for maintenance of Federation accounts, the legislature should look inwards and address the operational details. Furthermore, government should overhaul the capacity of the Federal Ministry of Finance and the CBN to cope with challenges. It is quite obvious that a research work of this nature needs the researcher to generate as much data as possible in order to make the study meaningful and comprehensive. To this end, the data was sourced from both primary and secondary sources. Although there are many methods of data analysis but for the purpose of clarity and effective understanding of the result, the researcher analyzed the data by making use of Chi-square statistical tool, raw figure and tables.  A total of one hundred (100) questionnaire were distributed, all eighty (80) out of the one hundred (100) copies distributed were retrieved. In order to ensure adequate implementation of the new TSA policy on government cash flow management in Nigeria, the following recommendation should be considered only trusted and incorruptible officials should be appointed to regulate the activities and the functioning of the policy and also for the success of this policy, government should engage in massive public enlightenment about the importance of the policy at all levels.






THE EFFECT OF TREASURY SINGLE ACCOUNT (TSA) POLICY ON GOVERNMENT PARASTATALS CASH FLOW MANAGEMENT
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Accounting
  • Project ID: ACC3944
  • Access Fee: ₦5,000 ($14)
  • Pages: 47 Pages
  • Format: Microsoft Word
  • Views: 381
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Accounting
    Project ID ACC3944
    Fee ₦5,000 ($14)
    No of Pages 47 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT Treasury Single Account (TSA) came as a quick fix to regulating the level of accountability and transparency in the financial resources of the government of the country. Treasury Single Account (TSA) is a unified structure of government bank accounts enabling consolidation and optimal utilization of government cash resources. Through this... Continue Reading
    ABSTRACT Treasury Single Account (TSA) came as a quick fix to regulating the level of accountability and transparency in the financial resources of the government of the country. Treasury Single Account (TSA) is a unified structure of government bank accounts enabling consolidation and optimal utilization of government cash resources. Through this... Continue Reading
    (A CASE STUDY OF NNPC ABIA STATE) ABSTRACT This study examined The Effect of Treasury Single Account on Public Sector Management. However, treasury single account according to CBN handbook (2015;57) defines it as a public accounting system under which all government... Continue Reading
    ABSTRACT The study examined the implications of the implementation of the treasury single account policy on the performance of commercial banks in Nigeria. The study established that TSA is a unified structure of government bank accounts enabling consolidation and judicious management of government cash resources. The sample of the study comprised... Continue Reading
    CHAPTER ONE INTODUCTION 1.1 BACKGROUND OF STUDY The Treasury Single Account (TSA) policy came into being by the federal government of Nigeria to minimize or completely block all financial leakages in other to promote transparency and to reduce the level of mismanagement of government’s revenue, the essence of treasury single account is majorly... Continue Reading
    ABSTRACT Empirical evidence shows finance is a major fluid that keeps the wheel of the University administration moving, It building blocks upon which almost any activity to be executed in the University is built on. The advent of Treasury Single Account proposes a better way... Continue Reading
    ABSTRACT Empirical evidence shows finance is a major fluid that keeps the wheel of the University administration moving, It building blocks upon which almost any activity to be executed in the University is built on. The advent of Treasury Single Account proposes a better way... Continue Reading
    IN MAIDUGURI CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY In 2015, Central Bank of Nigeria issued a circular directing all deposit money banks to implement the Remita e-Collection Platform.  The Remita e-Collection is a technology... Continue Reading
    Abstract This study is on effect of treasury single account on the performance of Nigeria banks. The total population for the study is 200 staff of Zenith bank in Akwa Ibom state. The researcher used questionnaires as the instrument for the data collection. Descriptive Survey... Continue Reading
    CHAPTER ONE INTRODUCTION BACKGROUND OF STUDY The Nigeria economy has experienced so many declines lately due to high level of fraudulent activities in both the public and the state sector of Nigeria. The federal government of Nigeria has put in so much effort to resolve the effect of fraud on the economy of Nigeria; this was led to the... Continue Reading
    Call Us
    whatsappWhatsApp Us