The Impact of Governmental Accounting on Internally Generated Revenue in Jos East, Plateau State
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Background of the Study
Governmental accounting is a critical tool for managing and reporting financial activities within public sector institutions. In Jos East Local Government Area (LGA) of Plateau State, internally generated revenue (IGR) serves as a significant source of funding for development projects and public services. However, challenges such as revenue leakages, lack of transparency, and inefficiencies in revenue collection processes hinder the maximization of IGR. Proper governmental accounting practices can enhance the transparency, accountability, and efficiency required for effective revenue management. This study investigates the impact of governmental accounting on IGR generation in Jos East LGA.
Statement of the Problem
Jos East LGA struggles with low revenue generation despite various initiatives aimed at improving IGR. Weak financial management, poor accountability, and ineffective revenue collection systems are major contributors to this problem. This study evaluates how governmental accounting practices influence IGR management and identifies strategies to optimize revenue collection.
Aim and Objectives of the Study
1. To assess the role of governmental accounting in enhancing IGR collection in Jos East LGA.
2. To identify challenges associated with revenue management in the area.
3. To propose strategies for improving IGR through effective governmental accounting practices.
Research Questions
1. How does governmental accounting affect IGR collection in Jos East LGA?
2. What challenges hinder efficient revenue management in the area?
3. What strategies can enhance IGR generation through improved accounting practices?
Research Hypotheses
1. H₀: Governmental accounting does not significantly affect IGR collection in Jos East LGA.
2. H₀: Challenges in revenue management are not significantly related to accounting practices.
3. H₀: Improved governmental accounting practices do not significantly enhance IGR generation.
Significance of the Study
This study provides valuable insights into the relationship between governmental accounting and revenue generation, offering practical recommendations for local government authorities to optimize IGR.
Scope and Limitation of the Study
The study focuses on the impact of governmental accounting on IGR in Jos East LGA. Limitations include access to financial data and cooperation from local government officials.
Definition of Terms
• Governmental Accounting: The process of recording, analyzing, and reporting financial transactions in the public sector.
• Internally Generated Revenue (IGR): Revenue generated locally by a government body without external aid or grants.
• Accountability: Responsibility for ensuring proper use of public funds.
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