The Role Of Accounting In The Control Of Government Expenditure
TABLE OF CONTENTS
CHAPTER ONE – INTRODUCTION 1
- GENERAL MEANING OF PUBLIC ACCOUNTING 1
- DEFINITION OF TERMS 1
- SOURCES OF MONEY INTO PUBLIC ACCOUNT 3
CHAPTER TWO – LITERATURE REVIEW
- AREAS OF EXPENDITURE FROM PUBLIC ACCOUNTS 7
- TYPES OF ACCOUNTING OFFICERS IN THE PUBLIC 10
- THE ROLE OF ACCOUNTING OFFICERS IN THE CONTROL OF PUBLIC EXPENDITURE 13
- PROBLEMS HINDERING ACCOUNTANTS FROM IMPLEMENTING EFFECTIVE CONTROL 16
- SUGGESTIONS AS TO THE SOLUTION OF
THESE PROBLEMS 17
- SUMMARY AND CONCLUSION 21
- RECOMMENDATION 22
1.1 GENERAL MEANING OF PUBLIC ACCOUNTING
In the public sector organization exhibit a variety of social economic, political and legal characteristics. They have different pattern of accountability. They have different objectives and are financial in many ways. They also have different organizational structure.
Generally, public accounting may be defined as a composite activity of collecting, analyzing, recording, summarizing and interpretation of the financial transactions of the government units.
1.2 DEFINITION OF TERMS
ACCOUNTING: It may be defined as a systematic means of writing an economic history and plans of organization in both quantities and financial manner so that facts can be revealed and property analyzing such facts for the purpose of advising management.
ACCOUNT PERIOD: This is a period of the time usually one year at the end of which financial statements are prepared.
CERTIFIED PUBLIC ACCOUNTANCY (CPA): A professional accountant who has passed a professional examination obtained practical experience and satisfied other requirement, an is certified by the estate to practice public accounting including the auditing of a financial statement of organization.
BUDGET: A balance sheet of estimate revenue and expenditure designed for financing an entity for a future period.