MPACT OF PUBLIC SECTOR ACCOUNTING ON THE NIGERIA FINANCIAL CONTROL SYSTEM (A CASE STUDY OF IJEBU ODE, OGUN STATE)
Abstract
ABSTRACT
This study examines the impact of public sector accounting on the financial control system in Nigeria, focusing on Ijebu Ode Local Government.
The research Investigates the sufficiency of the revenue sources available to the local government and evaluates whether the internally generated revenue is effectively utilized for the intended purposes.
Additionally, it seeks to determine the appropriateness of the control measures employed for managing public funds. A key focus is on identifying any inadequacies in the local government's accounting practices, such as poor record-keeping, embezzlement, and mismanagement of funds, particularly by top officials,
Furthermore, the study evaluates the application and effectiveness of public sector accounting principles and proposes measures to enhance financial management.
Recommendations will be made on strategies to prevent revenue leakages and ensure transparent and effective fund allocation within the local government.
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