Background of the Study
Revenue collection is a fundamental activity for local governments to ensure the funding of public services and infrastructural development. In Offa Local Government Area (LGA), Kwara State, public sector accounting practices play a critical role in managing and improving the efficiency of revenue collection. Proper accounting practices enhance transparency, reduce leakages, and build public trust. However, inefficiencies in revenue collection often result from poor accounting systems, inadequate technology, and corruption. This study assesses how public sector accounting practices influence revenue collection efficiency in Offa LGA.
Statement of the Problem
Despite the significance of revenue collection for local governance, Offa LGA faces inefficiencies that hinder optimal revenue generation. Poor public sector accounting practices, such as inadequate record-keeping and lack of transparency, exacerbate these challenges. This study evaluates the role of public sector accounting in addressing these inefficiencies and improving revenue collection in Offa LGA.
Aim and Objectives of the Study
The aim of this study is to assess the influence of public sector accounting practices on revenue collection efficiency in Offa LGA, Kwara State. The specific objectives are:
To evaluate the effectiveness of public sector accounting practices in revenue collection in Offa LGA.
To identify challenges affecting revenue collection efficiency in Offa LGA.
To propose strategies for improving public sector accounting practices to enhance revenue collection efficiency.
Research Questions
How effective are public sector accounting practices in revenue collection in Offa LGA?
What challenges affect revenue collection efficiency in Offa LGA?
What strategies can improve public sector accounting practices to enhance revenue collection efficiency in Offa LGA?
Research Hypotheses
Effective public sector accounting practices enhance revenue collection efficiency in Offa LGA.
Inefficient accounting practices negatively impact revenue collection efficiency in Offa LGA.
Improved accounting practices significantly enhance revenue collection efficiency in Offa LGA.
Significance of the Study
This study will provide local government administrators with actionable insights on how to improve revenue collection efficiency through better public sector accounting practices in Offa LGA.
Scope and Limitation of the Study
The study focuses on public sector accounting practices and their impact on revenue collection in Offa LGA. Limitations include limited access to official revenue data and reliance on responses from government officials and taxpayers.
Definition of Terms
Revenue Collection: The process of gathering funds from taxes, levies, and other government-mandated sources.
Public Sector Accounting: The financial management practices employed by government entities to manage and report public funds.
Efficiency: The ability to achieve maximum productivity with minimal wasted resources or effort.
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