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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 […]
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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 […]
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INTRODUCTION 1.1 BACKGROUND OF THE STUDY: Financial accounting encompass activities related to the preparation of certain reports, which is known as financial statement. These statement reports the financial position of a firm at a particular time, the firms activities and resulting profit or losses during the most recent period, and the flow of resources occurring within the firm during the same period. WALGERNBAC and Co (19) defined […]
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INTRODUCTION 1.1 BACKGROUND OF THE STUDY Financial management in the content of local administration is the discipline on the part of the leadership, management and staff of the local government to prepare a realistic annual budget, collect revenue efficiently and put into effective use of the resources of the council in providing socio – economic service to the people of the area at acceptable standard. The management of financial res […]
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Local government has and will continue to be of the prime mort of development in different parts of the world and their importance and impact on the daily activities of citizens cannot be over emphasized. The terms local government refers to a political authority set up by a nation as a subordinate authority for the purpose of dispensing or decentralizing (political) power in the English souse, it means local self government. Local gov […]
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1.0 INTRODUCTION Local government is the sphere of government closet to the people. Many basic services are delivered by local municipalities and local ward councilors are the politicians closet to communities. Organizations that play an activist and/or development role should understand how local government works in terms of procurement and how to effect it. Despite the fact that purchasing is a young profession on the field of manage […]
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1.0 INTRODUCTION/BACKGROUND OF THE STUDY There is universal acceptance of local government as a vital instrument for rural and urban developments, irrespective of the ideological differences of societies and levels of development. Accordingly, Alhaji Abubakar Rim put it apply: Local government is the most important government of our and. It is the nearest and most immediate government for the man. The man in my village does not know wh […]