The Role of Governmental Accounting in Improving Financial Literacy Among Public Servants in Sokoto, Sokoto State
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Background of the Study
Financial literacy is essential for public servants to manage personal and public finances effectively, ensuring accountability and prudent financial decisions. Governmental accounting provides the framework for transparent financial reporting and effective budget management. In Sokoto, Sokoto State, low levels of financial literacy among public servants have been linked to inefficiencies in resource allocation and financial mismanagement. By fostering a deeper understanding of financial principles and practices, governmental accounting can play a significant role in improving financial literacy.
Statement of the Problem
The lack of financial literacy among public servants in Sokoto has led to poor financial management and inefficiencies in public service delivery. This study investigates how governmental accounting can enhance financial literacy and contribute to improved accountability.
Aim and Objectives of the Study
The aim of this study is to explore the role of governmental accounting in improving financial literacy among public servants in Sokoto, Sokoto State. The specific objectives are:
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To assess the impact of governmental accounting on financial literacy levels among public servants.
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To identify gaps in financial literacy and their implications for public service delivery.
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To propose strategies for leveraging governmental accounting to enhance financial literacy.
Research Questions
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How does governmental accounting influence financial literacy among public servants in Sokoto?
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What are the gaps in financial literacy among public servants?
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What strategies can governmental accounting offer to improve financial literacy?
Research Hypotheses
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Governmental accounting significantly improves financial literacy among public servants.
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Gaps in financial literacy negatively affect public service delivery in Sokoto.
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Enhanced governmental accounting practices improve financial literacy and accountability.
Significance of the Study
This study highlights the importance of financial literacy in public service delivery, offering actionable insights for policymakers and administrators in Sokoto.
Scope and Limitation of the Study
The study focuses on public servants in Sokoto, Sokoto State, examining the role of governmental accounting in improving financial literacy. Limitations may include limited respondent participation and access to training records.
Definition of Terms
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Governmental Accounting: Financial management and reporting practices in the public sector.
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Financial Literacy: The ability to understand and effectively use financial skills.
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Public Servants: Individuals employed in the public sector.
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