Effectiveness Of Financial Control In Public Sector

28 Pages 3,334 Words 1 – 5 Chapters Download Complete Material

The Effectiveness Of Financial Control In Public Sector (PDF/DOC)

Abstract

The project tilled the effectiveness of a financial control in the pubic sector is very special to the government units. Federal, state and local gout etc.
Filament funds are faced with a 1st of problems such as the difficulty in acquisition of funds as well as application of such funds so raised. The adaptation of weak system of accounting funds in the cash unit etc.
The first part of this project will deal with introductory part of the study historical back ground, it further highlighted the contributions of the federal misty to national economy as well the props and scope of this study.
Chapter two will show the nature and attributes of financial control, it’s utility in pubic sector.
Chapter three aims at how data were collected through secondary sources.
Chapter four deals with how data analyzed and presented through questionnaires, simple percentage was used. The hypothesis which assumption of excess expenditure and fraud being due to the altitude of vote controller was tested using percentage .chapter five, this is summary conduction and recommendation of the evaluations of the effectiveness of financial control in the pubic sector.

Chapter One

INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The management of financial resources in the pubic sector is the heart of government administration of financial manning and control in pubic sector.
Financial control can then be sera as the process, which assures that financial resources are obtained economically, and used effectively and effectively in the accomplishment of descried galas.
Thus of can be said to be an assurance process, which includes the process of decision – making.
In the blight of current economic problems in the country, the finical manners especially those in the pubic sector concerned with the financial control of the government funds are faced with a lot of problems, example include direct embezzlement, large scale salary frauds contract inflates.
Financial control also stresses on the acquisition of adequate funds as well as application of such funds so raised.
The researcher were mutilated to chose this topic decease of the necessity for the government to prevent and minimize fraud and embezzlement in the pubic sector through the proper book keeping of income and expenditure in pubic sector.
This study aims at the effective application of financial control vote expenditure and allocation books (DVEA)

1.2 STATEMENT PT THE PROBLES.
In the light of current economic problems in Nigeria, the financial planners especially those in the pubic sector concerned with the financial control of government fun with a lot of problems such as he inflation of contract prices payment of salaries to ghost workers payment of contractors for services not rendered and goods not applied, contractors and payment for unauthorized expenditures.
It is intended to see how effective the use of the DVEA book been a control tool for pubic sector accounting.
The amount of information than what could be found in the normal ledger used to record the double entry system of the pubic sector accounting.
It is intended that the information in the DVEA book is to be reviewed to ascertain its adequacy.

1.3 Objective of the study
This study is aimed at revealing the amount and quality of information contained in the DVEA book with a view to assessing its relevance to the control objective of government accounting.
1. Financial control and management are the essential sectors.
2. The study aims at developing a realistic picture of how financial control can help make the government sector efficiently effective and successful.
3. To examine and make recommendation on what other possible measures that could be improve on the current state of affairs
4. To identify the problems and the coursed of the already identified problems of the government sector and in public finance.
5. To highlight that there exist ordinance/ law principles and rules guiding the government accounting in Nigeria just as their counterparts in private organization.

1.4 SIGNTICANCE OF THE STUDY
This study is intended to highlight the benefits of departmental vote expenditure allocation book in public sector.
The researchers were motivated by the need of proper maintained of DVEA book by financial controllers to restore public trust in the information in the public sector. This will equally contract the loss of credibility in the eyes of the international financial community.
Finally, the study will be of immense importance to our policy makers in portraying whether the DVEA book is achieving its set objectives, what amendment is any should be made to it.

1.5 LIMITATION OF THE STUDY
The researcher intended to explain how DVEA books could assist in the planning and control of the public sector. However, the study would be narrowed down to cover only the federal ministry of finance and brief other related government organization.
This research is limited to the effects of proper use of DVEA books in analyzing and answering the major research question.

DEFINITION OF TERMS
This is maintained for each subhead an integral part of the system of budget control. It is designed to facilitate vote watching the allocation of responsibility to financial offers to ensure that expenditure in excess of appropriation or in excess of authority to incur expenditure does not occur.

Chapter Two

2.0 LITERATURE REVIEW
2.1 Introduction
The chapter presents a review of related literature that supports the current research on the Effectiveness Of Financial Control In Public Sector, systematically identifying documents with relevant analyzed information to help the researcher understand existing knowledge, identify gaps, and outline research strategies, procedures, instruments, and their outcomes…

Table of Contents

Title page
Approval page
Abstract
Dedication
Acknowledgement
Table ofcontent

Chapter one
Introduction
1.1 Background of the study
1.2 Statement
1.3 Purpose / objective of the study
1.4 Significance of the study
1.5 Limitation of the study
1.6 De4finition of terms
Reference

Chapter two
Review of related literature
2.1 Historical background of financial control in Nigeria
2.2 Financial control in Nigeria public sector
2.3 The objective of financial control in the public sector
2.4 Control over delegation of ditties
2.5 Department vote expenditure and allocation book
2.6 The certificates
2.7 Economy

Chapter three
Research design and methodology
3.1 Source of data
3.2 Location of data
3.3 Method of data collection

Chapter four
Summary of finding

Chapter five
Recommendation and conclusion
5.1 Recommendation
5.2 Conclusion
Bibliography

How To Download Complete Material (PDF/Doc)

This Research Work On “Effectiveness Of Financial Control In Public Sector” Complete Material Can Be Downloaded Through Whatsapp, Email Or Download Link. Click The Below Button To Proceed:

You may like these topics

Design And Implementation Of Computerized Accounting System Of A Non-Profitable Organization.

It is a well-established fact, that proper financial management and adequate planning is the bedrock of every successful organization. Reports generated from the accounts are among the major tools used by the management of any establishment for policy formulation, major decisions taking etc. Account is the statement of money paid out or to be paid out by an organization, and the ones received or to be received. Due to the trend toward […]

Accountability in Public Sector: A pre-condition for economic growth and development.

1.0 INTRODUCTION/ BACKGROUND OF THE STUDY 1.1 THE NEED FOR ACCOUNTABILITY IN PUBLIC SECTOR At, the onset of the oil boom in the 1970’s, many were convinced that the era of scarcity has given way to abundant resources. A major problem was how to plan for the societies to be confronted with the vast increases in material wealth and leisure. The national priorities shifted rapidly as Nigerians embrace the increased material wealth with po […]

Assessment of the accounting System in private and public sector Establishment.

1.1 INTRODUCTION Accounting is the act of recording, classifying and summarizing in significant manner and in terms of money transactions and events which are Interpreting the result thereof. (AIC PA 1953). But in a general sense. It may be considered as a means by which we measure and describe economic activities. Whether you are managing a business, making Investments or deciding how to spend your money, you are working with accounti […]

Critical Analysis of Value of Money Audit (VFM) in Public Sector.

INTRODUCTION 1.1   BACKGROUND OF THE STUDY Auditing has existed as long as man has been required to account for their transactions. A famous example is in St. Mathew’s Gospel (Chapter 25) when the rich man went on a journey and delivered his goods to a servant to look after them while he was away. On his return, he asked each of these servants to account for the goods with which he had been entrusted. In the ancient ages, great land ow […]

Effectiveness and uses of accounting information for decision making in public sector organization.

INTRODUCTION 1.1 BACKGROUND OF STUDY One of the most effective uses of accounting information is decision making. Decision making has being described as a purposeful choosing from a number of alternative causes of action. The accounting information provides managers with the necessary information they need. In this case, it is the accountants that provide the information with which the management uses for its decision making. Manageme […]

Effects Of Financial Accounting Reporting On Managerial Decision Making.

INTRODUCTION 1.1 BACKGROUND OF THE STUDY Financial reports provides an overview of a business profitability and financial condition in both short and long term. They are necessary sources of accounting information about companies for wide variety of users. In. every business, there, needs information. This information needs ranges from financial, production, marketing etc. Generally, the larger the organization the greater the managem […]

Internal Auditing As An Instrument For Effective Management And Accountability Of Financial Resources In The Public Sector.

INTRODUCTION 1.1 BACKGROUND OF THE STUDY Recently effective management and accountability of financial resources vike cash in the public sector has begun to receive much emphasis primarily in response to increase in fraud and high inflations rate that devalue idle or unaccounted cash and most especially defeat of aims of establishing such emprises and extra ministerial department most government establishments are tightening their int […]
Disclamer:

This study on the Effectiveness Of Financial Control In Public Sector is solely for academic research purposes only and should be used as a research guideline or source of ideas. Copying word-for-word or submitting the entire project work to your school is unethical academic behavior and “UniProjects” is not part of it.