Financial management in local government control and accountability ( Case study of orlu local governemt imo state ) Department: Accountancy By: philip123 Project ID: 135 Rating: (3.1) votes: 115Rate this project12345 Price:₦1000 Get the Complete MaterialAbstractFinancial management involves the capital sourcing (financing) and capital uses (investing) of firm, which should be efficiently managed if the firm must realize its objectives. Financing describes the management of capital sources, while investing describes the management of capital usage for organization like local government with wide ranging responsibilities for local services, and the promotion of sustainable development frudent and efficient management of financial resources is a task that can only be ignored to the risk of the community dissatisfaction and satisfaction. This is more so when events of ther ecent past have shown that to a large extent the traditional explanation for the poor performance of our local government i.e. inadequacy of fund is no longer convincing. There is a significant increase in the share of statutory allocation from the federation account from 10 to 20 percent. It is becoming increasingly clear that the answer to the problem of local government should be sought elsewhere one such area is to more efficient and effective. Financial management system with a strong emphasis on control and accountability. Orlu local government was chosen as a case study for the research. Carrying out the study, the researcher embarked on field works with some large dose of library works more concretely, the researcher employed the interview/questionnaire system by visiting Orlu local government with a view to getting firsthand information on the effort of local government have put in the financial management....Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»The effects of computerized accounting system on the performance of banking industry in Nigeria»Effect of misrepresentation of information in a financial statement»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )