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 pagei
Approved pageii
Dedicationiii
Acknowledgmentiv
Table of contentv
Abstract
CHAPTER ONE
1.1Background of the study1
1.2Statement of problem4
1.3Purpose of study5
1.4Research question5
1.5Research Hypothesis6
1.6Significance of the study7
1.7Scope of the study7
1.8Limitation of the study8
1.9Definition of terms8
CHAPTER TWO
Literature Review
2.1Overview of Public Sector Accounting11
2.2 Local Government Reform in Nigeria12
2.3Local government Accounting System14
2.4Management Accounting in Local Government19
2.5.Internal Auditing and Local Government21
2.6.Users of Local Government Accounting and Financial Reporting23
2.7.Financial Management in Local Government24
2.8Accounting System in Local Government
2.9 Summary of Literature Review
CHAPTER THREE
Research Methodology
3.1Research Design28
3.2Area of the Study28
3.3Population of the Study28
3.4Sample of the Study29
3.5Instrument for Data Collection29
3.6Validation of the Instrument30
3.7Distribution and Retrieval of the Instrument30
3.8.Method of Data Analysis30
3.9Statistical Test for Hypothesis31
CHAPTER FOUR
Data Presentation and Analysis
4.0Introduction33
4.1Data Presentation and Interpretation33
4.2Test of Hypothesis37
4.3.Findings39
4.4Discussion of Finding40
CHAPTER FIVE
Summary, Conclusion, and Recommendation
5.1Summary of Findings41
5.2Conclusion42
5.3Recommendation43
5.4Suggestion for Future Research44
Reference45
Appendix A47
Appendix B46
Questionnaires48
