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THE CHALLENGES OF GOVERNMENTAL ACCOUNTING FOR PUBLIC SECTOR ENTERPRISES AND UTILITIES

  • Project Research
  • 1-5 Chapters
  • Quantitative
  • Simple Percentage
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: Available
  • Recommended for : Student Researchers
  • NGN 3000

THE CHALLENGES OF GOVERNMENTAL ACCOUNTING FOR PUBLIC SECTOR ENTERPRISES AND UTILITIES: The objectives of this study are to (i) identify the key challenges faced by governmental accountants in public sector enterprises, (ii) assess the impact of these challenges on financial reporting, and (iii) propose solutions to enhance accounting practices in this sector. A survey design is justified as it enables the collection of data from a large number of accountants working in public sector enterprises and utilities. The sample size of 375 respondents, calculated using Taro Yamane's formula, ensures the representativeness of the data. The case study focuses on Ogun State due to its diverse public sector enterprises. The reliability coefficient score of the survey is 0.87. The findings reveal significant challenges, including regulatory compliance, resource constraints, and the complexity of financial transactions. Recommendations include the adoption of advanced accounting software and continuous training programs for accountants in public sector enterprises.





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