Background of the Study
Revenue management in the public sector is critical for the sustainability of local governments and the execution of developmental programs. Kaltungo LGA, in Gombe State, relies heavily on its revenue generation activities to fund various public services, including healthcare, education, and infrastructure. Public sector accounting plays a crucial role in managing the revenue collected, ensuring transparency, and preventing misuse or misappropriation of funds.
This study examines the public sector accounting practices in revenue management within Kaltungo LGA. It focuses on how effectively revenue is collected, recorded, and utilized, with an emphasis on the role of accounting systems in improving revenue generation and enhancing accountability.
Statement of the Problem
Kaltungo LGA faces significant challenges in efficiently managing its revenues, including issues with tax collection, inaccurate financial records, and the misallocation of resources. These issues often lead to underutilization of available funds, which affects the delivery of public services and development programs. This study seeks to evaluate the existing public sector accounting practices and their impact on revenue management in Kaltungo LGA.
Aim and Objectives of the Study
1. To assess the effectiveness of public sector accounting in managing revenues in Kaltungo LGA.
2. To evaluate the role of public sector accounting in enhancing transparency and accountability in revenue generation.
3. To identify the challenges faced in revenue management and propose improvements to the accounting practices in Kaltungo LGA.
Research Questions
1. How effective are the public sector accounting practices in managing revenues in Kaltungo LGA?
2. To what extent do public sector accounting practices enhance transparency and accountability in revenue generation in Kaltungo LGA?
3. What challenges are faced in revenue management in Kaltungo LGA, and how can public sector accounting practices be improved?
Research Hypotheses
1. H₀: Public sector accounting practices are not effective in managing revenues in Kaltungo LGA.
2. H₀: Public sector accounting practices do not significantly enhance transparency and accountability in revenue generation in Kaltungo LGA.
3. H₀: There are no significant challenges in revenue management in Kaltungo LGA that can be mitigated by improved public sector accounting.
Significance of the Study
This study will provide insights into how public sector accounting practices can be improved to enhance revenue management at the local government level. The findings will be valuable for policymakers and local government officials in Kaltungo LGA, as well as in other similar local governments across the country.
Scope and Limitation of the Study
The study will focus on Kaltungo LGA, Gombe State, and will assess public sector accounting practices in revenue management. Limitations include potential difficulties in accessing relevant financial records and a lack of cooperation from some local government officials.
Definition of Terms
• Public Sector Accounting: The management and reporting of financial transactions by government agencies to ensure transparency, accountability, and proper use of public funds.
• Revenue Management: The process of collecting, tracking, and utilizing government revenues to fund public services and development programs.
• Transparency: The quality of being open and honest in financial reporting and the use of public funds.
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