THE ROLE OF ACCOUNTING IN THE CONTROL OF PUBLIC EXPENDITURES IN NIGERIA (A STUDY OF CENTRAL BANK OF NIGERIA ENUGU STATE)

THE ROLE OF ACCOUNTING IN THE CONTROL OF PUBLIC EXPENDITURES IN NIGERIA

(A STUDY OF CENTRAL BANK OF NIGERIA ENUGU STATE)


NUMBERS PAGES: 68         RESEARCH TYPE:- PROJECT         AMOUNT :- ₦2500

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                                                                             ABSTRACT
This research examines the role of accounting in the control of public expenditures in Nigeria, a case study of Central bank of Nigeria, Enugu State. The researcher adopted descriptive survey design. The population of the study is the combination of internal audit department staff and accounting department staff making it a total of 41. The research used both primary and secondary source of data. In view of this, three research questions were formulated to generate expected answers. Literal works were reviewed for proper understanding and guidance. Questionnaires, personal interview and observation were used for collect of primary data. Secondary source of data were collect from text books, periodical, articles and journals. Tables and simple percentage were used for data analysis, hypothesis were tested using chi-square statistics. Based on the findings, the researcher found out that few of the staff were not following due accounting principles thereby causing inadequate and improper pursuit of the accounting records Omission of certain book-keeping records, improper audit. The staff and management of central bank of Nigeria has now adopted accounting standard, and the balance of power on NASC, financial analyst government agencies and others. Finally the researcher proffered among other use of accounting principle and standard in the company.

TABLE OF CONTENTS
Title page i
Approval page ii
Dedication iii
Acknowledgement IV
Proposal VI
Table of content vii
CHAPTER ONE
INTRODUCTION
1.1 Background of the study 1
1.2 Statement of problem 5
1.3 Purpose of study 5
1.4 Significance of the study 6
1.5 Research questions 7
1.6 Research hypothesis 7
1.7 Scope and limitation of the study 8
1.8 Definitions of terms 9
References 10
CHAPTER TWO
2.1 Review of related literature 11
2.2 Historical development of CBN
(A public company) 14
2.2.1 Ownership and control of CBN 17
2.2.2 Organization 19
2.3 Nature of accounting principles 23
2.4 Types of accounting principles 24
2.4.1 Factors affecting accounting principles 29
2.5 Budgeting and budgetary control 30
2.6 Standard costing of a tool of control 32
2.7 Role of accounting in public expenditure 37
2.8 Summary 38
References 39
CHAPTER THREE
3.1 Research methodology 40
3.2 Research design 40
3.3 Determination of sample size 40
3.4 Area of study 41
3.5 Population of study 41
3.6 Sample of study 41
3.7 Method of investigation 42
3.8 Method of data analysis 42
3.8.1sources of primary data 42
3.8.2 Source of secondary data 43
3.9 Development of research instrument 43
CHAPTER FOUR
4.1 Introductions 44
4.2 Presentations of data 44
4.3 Test of hypothesis and interpretation of result 54
4.3.1 Testing the first hypothesis 55
CHAPTER FIVE
5.1 Summary of findings 60
5.2 Conclusion 61
5.3 Recommendation 62
5.4 Recommendation for further 63
Appendix 1 64
Questionnaire 65
Bibliography 68

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THE RELEVANCE OF ACCOUNTING INFORMATION TO THE GROWTH OF A FIRM IN NIGERIA. A CASE STUDY OF KOGI STATE POLYTECHNIC, LOKOJA.

THE RELEVANCE OF ACCOUNTING INFORMATION TO THE GROWTH OF A FIRM IN NIGERIA.

A CASE STUDY OF KOGI STATE POLYTECHNIC, LOKOJA.


NUMBERS PAGES: 95         RESEARCH TYPE:- PROJECT         AMOUNT :- ₦2500


1.1   BACKGROUND OF THE STUDY

        The recent years, the most organizations continue to increase spending on information system and their budgets continue to rise. Moreover, economic conditions and competition create pressures about cost so information. Generally, information system is developed using information technology to aid an individual in performing their job effectively.

        Therefore, the most organizations focus on developing information system in order to decision support system, communication, knowledge management, as well as many others. The key part of information system needed for decision making in organization is accounting information system.

        Accounting information system (AIS) is one of information systems that produce many amounts of data for use by decision makers both within and outside organization. Since accounting information is able to measure and present economic events to users financial statement for judgments and effective decision makings. Americans Accounting Association (AAA) address accounting information system (AIS) is one part of management information system (MIS) that gather, classify, and comply data for internal and external decision making. Hence, accounting information system has importance and widely use in accounting profession (Marriot, 2000; and Ismail, 2007).

        Accounting manager need to exploit accounting information for job success of their organizations (Ismail, 2009; Dastgir et al, 2003) therefore, job success must be obtaining reliable, relevant, timely and effective accounting information for effectiveness decision making (Kharuddin et al; 2010).

        In other words, effectiveness of accounting information system is reliability, relevance, and timeliness.

Information Technology (IT) is important for accounting information system for proving quality information. It is difficult to obtain competitive advantage without application of accounting information system. However, the antecedents of effectiveness of accounting information have been made to examine in the research. The first antecedents is learning organization and the last is organizational support. Learning organization is organization continually expanding capacity to create future (Davis and Daley, 2008; Korth, 2007). Therefore, the learning organizations ability is focus on understanding and satisfying the needs of financial statement users through effectiveness accounting information in decision making.

        Accounting perceiving support from the organization value their organization at a greater scale and tend to actively collaborate to achieve the organizational goals through effectiveness and efficient accounting information for decision making. The top management will create the atmosphere to offer the capital, manpower, infrastructure, knowledge training, trust, and hope to achieve the effectiveness of accounting information system.

        This research attempts to review the relationship among effectiveness of accounting information on effectiveness in decision making in an organization. Thus, the objective of this research is to investigate the effects of effectiveness of accounting information on decision making. Also, this examine the organization support on effectiveness of accounting information on decision making.

TABLE OF CONTENT
Title page————————————————————————— i
Approval page———————————————————————- ii
Dedication ————————————————————————— iii
Acknowledgement —————————————————————– iv
Abstract —————————————————————————— v
Table of content——————————————————————— vi
CHAPTER ONE
1.0 Introduction—————————————————————– 1
1.1 Background of the study————————————————– 1
1.2 Statement of problem—————————————————– 4
1.3 Objective of the study—————————————————– 5
1.4 Research questions——————————————————– 6
1.5 Hypothesis of the study—————————————————- 7
1.6 Significance of the study————————————————— 8
1.7 Scope and limitation of the study—————————————- 8
1.8 Definition of terms———————————————————- 9
CHAPTER TWO: LITERATURE REVIEW
2.1 Conceptual Framework
2.2 Empirical Review
2.3 Theoretical Framework
2.4 Users of Accounting Information
2.5 Accounting As a Source of Finance Information
2.6 Objectives and Function of Accounting Information
Reference
CHAPTER THREE: RESEARCH DESIGN AND METHODOLOGY
3.1 Research design—————————————————— 55
3.2 Sources of data ———————————————- 56
3.3 Research instrument——————————– 57
3.4 Reliability and Validity of research instrument—————– 58
3.5 Population ——————————————— 58
3.6 Sample size/ techniques—————————————— 60
3.7 Administration of research instrument———————————– 63
3.8 Method of data analysis——————————————————- 64
3.9 Decision criterion for validity of hypothesis—————————— 65
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS………… 68
4.1 Data presentation———————————————————– 71
4.2 Testing of hypothesis——————————————————- 87
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1 Summary of findings——————————————————— 96
5.2 Conclusion———————————————————————- 98
5.3 Recommendation————————————————————- 98
Bibliography————————————————————————- 100
Appendix —————————————————————————– 102

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ACCOUNTING INFORMATION SYSTEM AS A MEANS OF ENHANCING FINANCIAL MANAGEMENT OF TRANSPORT COMPANY (A CASE STUDY OF THE NIGERIAN RAILWAY CORPORATION ENUGU)

ACCOUNTING INFORMATION SYSTEM AS A MEANS OF ENHANCING FINANCIAL MANAGEMENT OF TRANSPORT COMPANY
(A CASE STUDY OF THE NIGERIAN RAILWAY CORPORATION ENUGU)


NUMBERS PAGES: 100         RESEARCH TYPE:- PROJECT         AMOUNT :- ₦2500


                                                                 ABSTRACT
Accounting information system in a transport organization has been a great problem to the third world countries in general, which Nigeria as a country has its own share. This research work, “Accounting information system in a transport organization, suggests ways of minimizing the effects of the problems of inefficient accounting information. It is believe that an improvement in this regards will enhance the performance of the corporation. To enable the researcher find solution to the problem of this study, some questions were raised in the form of hypotheses, which were developed comprising the null and alternative hypotheses. The methods of data collection were primary and secondary data method. The data collected were analyzed by use of simple percentages while chi-square was used to test the hypothesis formulated for validity. Findings show that accounting information is an indispensible tool in the management of Nigeria Railway Corporation and the activities of unqualified and incompetent accounting officers are responsible for the performance of the accounts departments in Nigeria Railway Corporation. Based on the findings, the researcher concludes that the accountant should put more efforts especially when computing the financial statement since accounts fraud result from ignorant of proper accounting procedures. Since the financial statement are sources of document of accounting information, efforts should be made in generating more relevant, timely, effective and accurate accounting information necessary for prevention or detection of fraud.

TABLE OF CONTENT
Title page————————————————————————— i
Approval page———————————————————————- ii
Dedication ————————————————————————— iii
Acknowledgement —————————————————————– iv
Abstract —————————————————————————— v
Table of content——————————————————————— vi
CHAPTER ONE
1.0 Introduction—————————————————————– 1
1.1 Background of the study————————————————– 1
1.2 Statement of problem—————————————————– 4
1.3 Objective of the study—————————————————– 5
1.4 Research questions——————————————————– 6
1.5 Hypothesis of the study—————————————————- 7
1.6 Significance of the study————————————————— 8
1.7 Scope and limitation of the study—————————————- 8
1.8 Definition of terms———————————————————- 9
CHAPTER TWO: LITERATURE REVIEW
2.0 literature review———————————————————- 11
2.1 The concept of accounting information system———————– 16
2.2 The importance of accounting information—————————- 19
2.3 The users of accounting information———————————— 20
2.4 Criticism of accounting information system in Nigeria Railway Corporation Enugu———————————————————— 21
2.5 The output of an information and the users.—————————- 24
2.6 The outline of the information generation
process and source document———————————————- 28
2.7 Application of computer system———————————————33
2.8 Accounts department in the Nigeria Railway Corporation Enugu 36
2.9 Functions of the accounts department———————————— 38
2.10 Officers of the accounts department————————————— 38
2.11 Accounting officers and heads of department—————————-39
2.12 Disagreement between accounts officers and heads of department 39
2.13 Accounting system in Nigeria Railway Corporation——————– 40
2.14 Capital expenditure budgeting————————————————42
2.15 Expenditure checking section————————————————-46
Reference
CHAPTER THREE: RESEARCH DESIGN AND METHODOLOGY
3.1 Research design————————————————————— 55
3.2 Sources of data —————————————————————- 56
3.3 Research instrument———————————————————- 57
3.4 Reliability and Validity of research instrument————————- 58
3.5 Population ——————————————————————— 58
3.6 Sample size/ techniques—————————————————– 60
3.7 Administration of research instrument———————————– 63
3.8 Method of data analysis——————————————————- 64
3.9 Decision criterion for validity of hypothesis—————————— 65
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS………… 68
4.1 Data presentation———————————————————– 71
4.2 Testing of hypothesis——————————————————- 87
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1 Summary of findings——————————————————— 96
5.2 Conclusion———————————————————————- 98
5.3 Recommendation————————————————————- 98
Bibliography————————————————————————- 100
Appendix —————————————————————————–

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