An Examination of the Effectiveness of Cash-Based Accounting in Public Expenditure Tracking in Nigeria: A Study of Abia State Government
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Background of the Study
Cash-based accounting is widely used in public sector financial management, focusing on recording transactions when cash is received or paid. In Nigeria, this method is prevalent in tracking public expenditures, particularly at the state level. Abia State, like many Nigerian states, faces challenges in managing public funds effectively, leading to delays in project execution and allegations of corruption (Nwachukwu & Eze, 2023).
The adoption of cash-based accounting systems is intended to enhance transparency and accountability in public expenditure tracking. However, the effectiveness of this method has been questioned, especially in detecting fraudulent activities and ensuring timely budget implementation (Onyeji & Chukwu, 2024). This study examines the effectiveness of cash-based accounting in tracking public expenditures in Abia State.
Statement of the Problem
Public expenditure tracking in Nigeria is fraught with inefficiencies, including delayed payments, poor financial records, and mismanagement. In Abia State, these issues have contributed to the underutilization of public funds and reduced public trust in government institutions (Adedeji & Opara, 2025).
While cash-based accounting is designed to promote transparency, its limitations, such as the inability to capture future liabilities, may hinder its effectiveness. This study explores how cash-based accounting affects public expenditure tracking in Abia State and identifies areas for improvement.
Objectives of the Study
- To evaluate the effectiveness of cash-based accounting in tracking public expenditures in Abia State.
- To identify the limitations of cash-based accounting in public expenditure tracking.
- To propose strategies for improving expenditure tracking systems in Abia State.
Research Questions
- How effective is cash-based accounting in tracking public expenditures in Abia State?
- What are the limitations of cash-based accounting in public expenditure tracking?
- What strategies can improve public expenditure tracking in Abia State?
Research Hypotheses
- Cash-based accounting significantly enhances public expenditure tracking in Abia State.
- Limitations of cash-based accounting negatively affect its effectiveness in public expenditure tracking.
- Improved accounting strategies enhance the efficiency of public expenditure tracking in Abia State.
Scope and Limitations of the Study
The study focuses on the use of cash-based accounting for public expenditure tracking in Abia State from 2015 to 2024. Limitations include challenges in obtaining accurate financial records and reliance on secondary data.
Definition of Terms
- Cash-Based Accounting: An accounting method where transactions are recorded when cash is exchanged.
- Public Expenditure Tracking: The process of monitoring how government funds are allocated and spent.
- Transparency: Openness in financial reporting and decision-making processes.
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