The Role of Managerial Accounting in Improving Budgetary Accountability in Nigerian Public Institutions: A Case Study of the Federal Ministry of Education
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Background of the Study
Budgetary accountability ensures that public funds are managed responsibly and transparently, aligning expenditures with government objectives. Managerial accounting plays a pivotal role in improving budgetary accountability by providing tools and frameworks for financial planning, monitoring, and reporting (Oladele & Oyetunde, 2024).
In the Federal Ministry of Education (FME), effective budgetary accountability is essential for optimizing resource utilization and achieving educational goals. Managerial accounting tools such as performance budgeting, variance analysis, and financial reporting can help address issues of inefficiency and mismanagement, thereby enhancing public trust.
This study examines the role of managerial accounting in improving budgetary accountability at the FME, focusing on its applications and impact.
Statement of the Problem
Despite increased attention to public sector accountability, budgetary mismanagement remains a persistent issue in Nigerian public institutions. At the FME, challenges such as inadequate financial oversight, corruption, and poor implementation of accounting tools undermine budgetary accountability (Olawale & Bello, 2025).
This study investigates how managerial accounting contributes to improving budgetary accountability, highlighting areas for improvement and best practices.
Objectives of the Study
- To identify the managerial accounting tools used for budgetary accountability at the FME.
- To evaluate the impact of these tools on budgetary accountability.
- To identify challenges in implementing managerial accounting practices in public institutions.
Research Questions
- What managerial accounting tools are employed for budgetary accountability at the FME?
- How do these tools impact budgetary accountability?
- What challenges affect the implementation of managerial accounting practices in public institutions?
Research Hypotheses
- Managerial accounting tools significantly improve budgetary accountability at the FME.
- Challenges in implementing managerial accounting practices negatively affect budgetary accountability.
Scope and Limitations of the Study
The study focuses on the application of managerial accounting in budgetary accountability at the FME. Limitations include restricted access to detailed financial records and potential respondent bias.
Definitions of Terms
- Managerial Accounting: A branch of accounting focused on providing financial information for internal decision-making.
- Budgetary Accountability: The responsibility of ensuring that funds are used appropriately and transparently.
- Public Institution: A government-funded organization that provides services to the public.
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