IMPACTS OF ACCOUNTING SYSTEM IN PUBLIC SECTOR
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- NGN 3000
ABSTRACT
This study was carried out to examine the examine the impacts of accounting system in public sectors using Enugu State Ministry of Finance and Economic Development as case study. Specifically, the study was aimed at ascertaining if accountancy/accounting system in the public sector is effective and adequate. If accounting system in the public sector provide for proper financial control and accountability of stewardship; and If accounting system in the public sector provide useful information for the effective control and management of government operations. The study employed the survey descriptive research design. A total of 100 responses were validated from the survey. From the responses obtained and analysed, the findings revealed that accountancy/accounting system in the public sector is effective and adequate. The findings also revealed that accounting system in the public sector provide for proper financial control and accountability of stewardship. The findings further revealed that accounting system in the public sector provide useful information for the effective control and management of government operations.
The study recommend public sector account system must be securely monitored to ensure that accountancy/accounting system in the public sector is effective and adequate, provide for proper financial control and accountability of stewardship and provide useful information for the effective control and management of government operations.
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