Impact of accounting system on public expenditure control in Nigeria Department: Accountancy By: AdeleyeJoshua Project ID: 9616 Rating: (5.0) votes: 1Rate this project12345 Price:₦5000 Get the Complete MaterialAbstractThis research study focuses on the impact of the accounting system on public expenditure control in Nigeria, using the Ministry of Finance, Lokoja, as the study area. The major objective of this project is to determine the extent to which the accounting system has control over expenditures in the public sector in Nigeria and to find out whether the accounting system can enhance good service delivery and accountability in the Ministry of Finance in Nigeria. The methodology adopted in gathering data was the descriptive method, both primary and secondary methods. The major instrument used to gather data from primary sources is the questionnaire. From a population of 120, a sample size of 92 respondents was selected using a simple random sampling technique. Findings revealed that a good accounting system in the public sector can enhance accountability in the budget cycle of the public sector; an accounting system on public expenditure enhances the cash management system and there is a significant relationship between the accounting system and public expenditure control in the Ministry of Finance, Lokoja. In view of the findings, it was recommended that Management should establish and implement periodic reviews of internal audit performance to ensure that its performance and value to the Institution are maximized and to ensure compliance with appropriate standards and guidance. Internal control activities, procedures and policies should be regularly revised to ensure that they are effective. There is need for management of the LGA to adhere strictly and impose discipline to all staff that refuses to comply with the expenditure guidelines in the LGA. This will go a long way to ensure compliance with expenditure guidelines and control. ...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 )