The indispensability of accounting system in the control of public expenditure Department: Accountancy By: AdeleyeJoshua Project ID: 9378 Rating: (5.0) votes: 1Rate this project12345 Price:₦5000 Get the Complete MaterialAbstractThe study examines the indispensability of the accounting system in the control of public expenditure using Lokoja Local Government as the study area. The objectives of the study are to: determine the extent to which the accounting system has control over expenditures in the public sector, to find out whether the accounting system can enhance good service delivery and accountability in Lokoja Local Government and to determine if there is a significant relationship between the accounting system and public expenditure control in Lokoja Local Government. The design the study adopted is a descriptive survey method. Data for the study were gathered from both primary and secondary sources. From the population of 250, a sample size of 154 was chosen using the Taro Yamane formula. The findings revealed that the accounting system has control over the expenditure of the public sector; it can enhance good service delivery and accountability. The accounting system can help local government in budget preparation by providing historical data and financial forecasts. Mismanagement and misappropriation of scarce financial resources are problems of expenditure control in local government. On the basis of the above findings, it was recommended that, among others, the organization should pay more attention to internal audit than to internal control to ensure effective accounting control and improve accountability. Providing regular training for public sector accountants and financial managers on the latest accounting standards and technologies. ...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 )»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 )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»The impact of development finance institutions (DFIS) in economic development of Nigeria»Auditing in Nigeria companies, problems and prospects»Effect of misrepresentation of information in a financial statement»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»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )