THE ROLE OF ACCOUNTING IN THE CONTROL OF GOVERNMENT EXPENDITURE

TABLE OF CONTENTS

CHAPTER ONE –       INTRODUCTION                              1

1. GENERAL MEANING OF PUBLIC ACCOUNTING                        1
2. DEFINITION OF TERMS                                               1
3. SOURCES OF MONEY INTO PUBLIC ACCOUNT                        3

CHAPTER TWO        –       LITERATURE REVIEW

1. AREAS OF EXPENDITURE FROM PUBLIC ACCOUNTS               7
2. TYPES OF ACCOUNTING OFFICERS IN THE PUBLIC        10
3. THE ROLE OF ACCOUNTING OFFICERS IN THE CONTROL OF PUBLIC EXPENDITURE                                                    13
4. PROBLEMS HINDERING ACCOUNTANTS FROM IMPLEMENTING EFFECTIVE CONTROL                          16
5. SUGGESTIONS AS TO THE SOLUTION OF

THESE PROBLEMS                                                     17

CHAPTER THREE

1. SUMMARY AND CONCLUSION                                       21
2. RECOMMENDATION                                                    22

BIBLIOGRAPHY                                                           26

CHAPTER ONE

INTRODUCTION

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.