ABSTRACT
In
recent timessome ofthepublic organizations in Nigeria have beenfacedwith cases
offinancial crisis. Those ofthem that survived more in a snail pace. Obviously
the causes offinancial crisis in our public sector have been attributed to
total negligence ofroles ofaccounting in our public organizations. This
research work will looked into role of accounting in the control public
expenditure in Nigeria. The researcherformulated thefollowingfourspecific
objectives; to assess the level ofimpact o fgovernment expenditure budget on
actual expenditures. To ascertain the influence ofeffective accounting system
in public institutions on accountability and transparency in the execution
ofpublic expenditures. To evaluate the influence ofstandardcosting on the
control ofpublic expenditures. To determine the extent to which accounting
records has controlledfund misappropriation in government expenditures through
public enterprises. Thus, research questions and research hypotheses were
structured in accordance with the specific objectives. In a bid to achieve a
meaningful research study work, this research willreview related literatures on
role ofaccounting in the control ofpublic sector in Nigeria. Which were
sub-divided into three subheadings such as conceptual framework, theoretical
framework and empirical review. However, in the quest to perfect this research;
survey research design was adopted were data was sourcedprimarily through
questionnaire instrument. The questionnaire instrument was used to 84
staffofCentral bank ofNigeria, Umuahia branch ofwhich 75 were
completelyfilledand returned. Thus, the data gathered were analyzed using simple
regression. The analysis however made the following findings; that government
budgeted expenditure has a significant impact on actual expenditures. That
effective accounting system in public institution has a significant influence
on the transparency and accountability in the execution ofpublic expenditures.
That application of standard costing in budgeting has a significant influence
on public expenditure. That accounting records have a significant influence on
fraud misappropriation in government expenditures throughpublic enterprises.
Sequel to thefindings and conclusion, the research made thefollowing
recommendations that government and other public establishment should adhere to
the compliance with financial rules and regulations to enable the control
ofactual expenses made with thefiscalyear. That the office ofthe auditor
general ofthefederation should be strengthened so as to monitorthefinancial
activities ofthe different arms ofgovernmentsequel to theirfinancial spending.
That Accountants cum other government agencies should ensure that standard
costing in budgeting is used in order ascertain the actual cost before public
expenditure. Thatfinancial record keeping should be maintained in every public
establishment andfinancial reports should be prepared in clarity and concise so
to reflect a comprehensive information with respect to financial activities in
order to preventfund misappropriation in government expenditures through public
enterprises.
PETER, M (2024). Role Of Accounting In The Control Of Public Expenditure In Nigeria:- Uhuaba, Peter M. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/role-of-accounting-in-the-control-of-public-expenditure-in-nigeria-uhuaba-peter-m-7-2
MADUABUGHICHI, PETER. "Role Of Accounting In The Control Of Public Expenditure In Nigeria:- Uhuaba, Peter M" Mouau.afribary.org. Mouau.afribary.org, 23 Jul. 2024, https://repository.mouau.edu.ng/work/view/role-of-accounting-in-the-control-of-public-expenditure-in-nigeria-uhuaba-peter-m-7-2. Accessed 30 Oct. 2024.
MADUABUGHICHI, PETER. "Role Of Accounting In The Control Of Public Expenditure In Nigeria:- Uhuaba, Peter M". Mouau.afribary.org, Mouau.afribary.org, 23 Jul. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/role-of-accounting-in-the-control-of-public-expenditure-in-nigeria-uhuaba-peter-m-7-2 >.
MADUABUGHICHI, PETER. "Role Of Accounting In The Control Of Public Expenditure In Nigeria:- Uhuaba, Peter M" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/role-of-accounting-in-the-control-of-public-expenditure-in-nigeria-uhuaba-peter-m-7-2