Our Archives

Call 09159097300, or 09067754232 for any enquiries.

Project Topic:

ECONOMIC ENVIRONMENT AND ROLE OF PUBLIC SECTOR IN ACCOUNTING IN NIGERIA

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 56 ::   Attributes: secondary data, Data Analysis, abstract, table of content ::   6,971 people found this useful

Project Body:

CHAPTER ONE

1.0 INTRODUCTION

1.1 BACKGROUND OF STUDY

Over the years the economic condition of Nigeria has been brought to questioning with the change in accounting principles due to change in political administration in Nigeria, the management of public sector, the private sector are the pivot behind the condition of the economic environment of Nigeria.

Public sector is that sector of the economy that was established and operated by the federal government and its agencies distinguishable from the private sector and are simply organized on behalf of the whole citizens while Public sector accounting is the process government agencies and municipalities use to record financial transactions.

The public sector plays a major role in accounting in Nigeria in the provision of data for public funds and resources such as tax, revenue, expenditure related to projectand the overall financial status of the nation.

With the role of public sector in accounting in Nigeria there are still some problems limiting its efficiency; some of these problem included poor allocation of funds to public states, mismanagement of funds even with the recent reform in the rules regarding the transparency in the accounting principles of public sectors in Nigeria.

According to Afolabi, (2004:320) stated that rather than creating a hard set of rules to follow, the principles allow for an application of basic principles to either large and small entities or municipalities. Standard public accounting principles will also make it easier for a nation to undergo an audit. It is also harder for countries to hide inappropriate financial transactions when using public sector accounting principles.

It is to this regard concerning the economic environment and the financial condition of nation that the paper wishes to examine the role of public sector in accounting in Nigeria.

1.2 STATEMENT OF RESEARCH PROBLEM

The issues of accountability, transparency, probity, and budget implementation are at the heart of the developmental problems of the Nigerian economy. The Public Sector Reform started by the government of President Olusegun Obasanjo was embarked upon to improve efficiency, fiscal accountability and transparency in the public sector. These, in turn, should translate to improvements in the economic and development indicators such as per capita, fiscal balance, rate of inflation, GDP, citizen welfare in terms of life expectancy, availability of adequate healthcare and other social services, as well as good business climate needed to expand the economy. The fiscal strategy of the economic management reform is embodied in the Fiscal Responsibility Act 2007 to provide framework for the implementation of the public sector reform.

1.3 OBJECTIVES OF STUDY

The main objective of the research work is to examine the economic environment and the role of public sector in accounting in Nigeria. Other specific objectives of the paper include:

  1. To examine the relationship between economic environment and the public sector accounting principles
  2. To examine the effect of public sector accounting on the economy of Nigeria
  3. To examine the factors affecting the performance of the public sector accounting principles in Nigeria

1.4 RESEARCH QUESTIONS

The study came up with research questions so as to ascertain the above stated objectives of the study. The research questions for the study are:

  1. What is the relationship between economic environment and the public sector accounting principles?
  2. What is the effect of public sector accounting on the economy of Nigeria?
  3. What are the factors affecting the performance of the public sector accounting principles in Nigeria?

1.5 STATEMENT OF RESEARCH HYPOTHESIS

Hypothesis

H0: the activities of the public sector in accounting has no significant effect on the economy

H1: the activities of the public sector in accounting has significant effect on the economy

1.6 SIGNIFICANCE OF STUDY

The study on economic environment and the role of public sector in accounting in Nigeria will be of immense benefit to the government (local, state and federal) and other researchers as the findings of the study will educate the above population on the economic environment, the public sector, the role of the public sector in accounting and the factors affecting the public sector of Nigeria. Finally the study will contribute to the body of existing literature and knowledge in this field of study and provide a basis for further research

1.7 SCOPE OF STUDY

 The study will cover on economic environment and the role of public sector in accounting in Nigeria from 1985-2015

1.8 LIMITATION OF STUDY

Financial constraint- Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, and central bank of Nigeria).

Time constraint- The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted for the research work.

1.9 DEFINITION OF TERMS

GDP: gross domestic products of Nigeria

 


Get The Complete Project »

Project Department:

MORE ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

Instantly Share this Project On Social Media:

CLOSELY RELATED ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

AN APPRAISAL OF THE IMPLICATION OF ELECTRONIC BANKING IN NIGERIA BANKS (A CASE STUDY OF ACCESS BANK)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Secondary data, Data Analysis,Abstract  ::   14272 engagements

CHAPTER TWO REVIEW OF RELATED LITERATURE Electronic banking in Nigeria has overtime been viewed by many especially economists as having a lot of implications on the economy of Nigeria and especially...Continue reading »

A CRITICAL ANALYSIS OF THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 75 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   11788 engagements

ABSTRACT The study was carried out to analyse how an organization performs making use of the financial statements with First Bank of Nigeria Plc serving as the case study. the study disclosed that th...Continue reading »

AN EVALUATION OF THE PERFORMANCE OF NIGERIAN STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIA ( A CASE STUDY OF NIGERIAN STOCK EXCHANGE)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 78 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   7210 engagements

HISTORICAL BACKGROUND OF THE NIGERIA STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIAN. The nigeria stock excahnge denoted by NSE is a government establishment where stocks are traded on a daill...Continue reading »

APPLICATION OF BUDGETS AND BUDGETARY CONTROL MEASURES IN A NON-PROFIT ORGANIZATION: A CASE STUDY OF APOSTOLIC CHURCH, DELTA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 76 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   8137 engagements

2.1 CONCEPTUAL FRAMEWORK A budget is can be defined by accountants as “a planned outcome to be generated and for the expenditure to ensure during that period and the capital to be employed to a...Continue reading »

ASSESSING BOOK-KEEPING PRACTICES OF SMALL AND MEDIUM SCALE ENTERPRISES IN CALABAR LOCAL GOVERNMENT AREA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 69 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   7376 engagements

ABSTRACT The economy of Nigeria cannot function properly or thrive without the micro, small and medium scale enterprises (SMEs). These small scale enterprises cannot function properly if they are not ...Continue reading »

ASSESSMENT OF ADEQUATE RISK RECOGNITION AND MANAGEMENT IN NIGERIAN INSURANCE COMPANIES (A CASE STUDY OF UNION ASSURANCE COMPANY, UYO)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 86 ::   Attributes: Questionnaire, Data Analysis  ::   6057 engagements

THE CONCEPT OF RISK Risk has been the subject of study by different scholars over the years with several meaning and definitions. But the most accepted definitions are that of J.E Banister and P.A Baw...Continue reading »

What are you looking for today?

TESTIMONIALS:

  • 1. Jayone from FPA said " I had a wonderful experience using UniProjectMaterials,though they did not deliver the material on time, but the content had good quality. I recommend UniProjectMaterials for any project research work.".
    Rating: Very Good
  • 2. Mugisha R from B.U, UGANDA said "Wow, this is great, your materials has helped me alot. Many blessings. I will inform my friends. Thanks. ".
    Rating: Very Good
  • 3. Nwachukwu Ruth Chinyerr from Michael okpara university of Agriculture,umudike said "I really appreciate this. Materials like this are good guides to writing a researchable project.".
    Rating: Good
  • 4. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 5. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 6. Mohammed A.B from Veterinary Laboratory, Zanzibar ,Tanzania said "You are doing good job to assists in research. God bless you.".
    Rating: Very Good

Paper Information

Format:MS WORD
Chapter:1-5
Pages:56
Attribute:secondary data, Data Analysis, abstract, table of content
Price:₦3,000
Get The Complete Project »

Best Selling Projects

Our Archives