AN APPRAISAL OF ACCOUNTING SYSTEM IN THE PUBLIC

SECTOR

(A CASE STUDY OF BOARD OF INTERNAL REVENUE ENUGU
STATE)

BY

www.projects.page4.me

(08034883821 08188988835)



ABSTRACT

This write up is the result of a studying of the accounting
process in the public sector. The work is principally aimed at
providing an insight into the accounting system of Board of
Internal revenue Enugu State, its inefficiencies, problems and
ways these problems could be effectively be managed. This work
is divided into five chapters namely; the first chapter which is the
introduction of the topic, the researcher defined public sector
accounting, the purpose and objective as well as the significance
of the study. In chapter two, the researcher focuses on the review
of related literature as it is related to the research topic and such
review include historical development of government accounting,
Basis of accounting and sources of cash and recording media. In
chapter three, the researcher indicated the research method used
in detail; also it was in chapter four that the data used were
collected, presented, analyzed and show the responses to the
area being investigated which were documented along with their


percentage relating to the question asked. In the last chapter, the
researcher discussed the result obtained from data analysis in
chapter four and also a useful and constructive suggestion was
put down as that any interested party may be wee guided.


TABLE OF CONTENTS
Cover page:......................................................................
Title page:..
Certification:
Dedication:..
Acknowledgement:
Abstract:.
Table of contents:
CHAPTER ONE: INTRODUCTION
1.1 Background of the study:.
1.2 Statement of the Problem:
1.3 Objective of the study:..
1.4 Significance of the study:
1.5 Research question:
1.6 Scope and Limitation of the study:.
1.7 Definition of terms:..


CHAPTER TWO: REVIEW OF LITERATURE
2.1 Introduction:.
2.2 Historical Development of Government Accounting:
2.3 Financial Information:
2.4 Sources of cash and Recording Media:.
2.5 Nature and purpose of Government Accounting:..
2.6 Fund Accounting classification:
2.7 Basis of Accounting:.
2.8 Depreciation:
CHAPTER THREE: RESEARCH METHODOLOGY AND DESIGN
3.1 Research design ..
3.2 Sources of data .
3.3 Population of the study ..
3.4 Determination of sample size and techniques.
3.5 Method of data collection ..
3.6 Procedure of data analysis
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1 Section A (Personal Data)..
4.2 Section B (Cash)
4.3 Section C (Cheque)...
4.4 Section D (Stocks/Supplies) .




CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION
AND RECOMMENDATIONS
5.1 Summary of findings ..
5.2 Conclusion .
5.3 Recommendation
References
Bibliography
Appendix














CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
History has it that the concept of accountability of public
funds dates backs to the history of ancient Greece. As old as
theory is, it would not be erroneous to say that the idea has been
equally lost to antiquity although not much is known about it,
this makes the subject, government accounting to remain a
myth.
Accounting in the public sector has received such a wide
attention from scholars that the field of public sector accounting
scans to be neglected.
However, there is general awareness all over the world of the
need to pay greater attention to the development of government
accounting and financial control. The reason is obvious,
government, in most, if not all nations constitute the largest
single business entity in many places, the core of the economy.
Government in any society is basically for maintaining law and
order. With changes and the complete nature of the society,
government responsibility has automatically changed from the


role of maintaining law and order to business like nature in the
modern era. The enormous activities of government, equally call
for enlarged government accounting in order to accommodate the
immense task. As a result of this development, the traditional
cash procedures of accounting can hardly meet the demands of
reasonable accounting for modern government in providing
necessary services or information. Therefore, there is need for
government accounting to be dynamic in order to accommodate
both the fundamental roles and the developments.
Government accounting is the process of recording,
analyzing, classifying, summarizing, communicating and
interpreting financial information about government in aggregate
and in detail, reflecting all transactions involving the receipts,
transfer and disposition of government funds and property. The
purpose are to demonstrate the propriety of transactions and
their conformity with established rules to give evidence of
accountability for the stewardship of government resources and
to provide useful information for the good control and efficient
management of government operation.
Financial management in the public services as can be
observed has failed to encourage and promote the efficient


utilization of public funds or serve as effective basis for planning
and decision making as well as to ensure proper accountability.
Besides, it does not mean that financial irregularities being
detected in public sector at large is basically based on traditional
cash procedure of accounting but it does arouse a question
whether the modern system of accounting will make both modern
management and financial management viable.

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