ACCOUNTING SYSTEM AND PROCEDURE IN
PUBLIC SECTOR:
(A CASE STUDY OF EKITI STATE WATER
CORPORATION)
FOR COMPLETE PROJECT CALL 07064961036
ABSTRACT
This
project is designed to study accounting system and procedure in public sector
with reference to Ekiti State Water Corporation.
The introduction aspect of the project discussed about the historical background of accounting
in Ekiti State Water Corporation such as date of creation and administration of
the Water Corporation, land space covered and other things. Also objectives and
analysis of the study was well explained, the limitation and delimitation of
the study was also discussed. Areas covered and areas unable to cover were also
mentioned in the study.
Chapter two of the project considers the literature
review, under the literature review, I discussed fully about accounting as a
profession, the definition of accounting, the system and procedure of
Accounting in Ekiti State Water Corporation. Thereafter, the prospects and
problems facing the accountant in the public sector with reference to Ekiti
State Water Corporation were also discussed. The principles of accounting were
also included with forms of accounting, roles of accounting, characteristic and
peculiarity in Ekiti State Water Corporation.
Chapter three centres on the research methodology and
limitation. My source of data like treasury department, rates section and
internal audit were mentioned in the write up. I employed interview,
questionnaire and personal observation in collection of data from the treasury
department of Ekiti State Water Corporation.
Chapter four contains research finishing organization
of the department, cash office was visited and matter related to cash
management were exhaustively discussed ledger unit was also visited and ledgers
were examined with a view to see how transactions were recorded and the
differences observed between it and companies were briefly explained.
Also, expenditure unit, capital project unit, payroll
unit, loan and advances, budget, report and statistics were visited. Activities
were examined and finishing in each unit were discussed in the project.
Chapter five, centres in conclusion and recommendation
is the last write up to the whole study, suggestions and recommendation and
improving the account system and procedure in Ekiti State Water Corporation
were comprehensively discussed.
TABLE OF CONTENTS
Page
Title
Certification
Dedication
Acknowledgements
Abstract
Table
of Contents
CHAPTER ONE
1.0 Introduction
1.1 Background of the Study
1.2 Objective of the Study
1.3
Limitation of the
Study
1.4 Delimitation of the Study
CHAPTER TWO
2.0 Literature Reviewed
2.1 Definition of Accounting
2.2 Accounting as a System and Procedure
2.2.1
Elements of the System and Procedure to Accounting
2.3 Forms of Accounting
2.4 Principles of Accounting
2.4.1 Accounting Concept
2.4.2 Accounting Convention
2.5 The Roles of Accounting
2.5.1 Measurement
2.5.2 Control
2.5.3 Decision Making
2.6
Characteristic of
Good Accounting Information
2.6.1
Relevance
2.6.2
Accuracy
2.6.3
Centralization
and Decentralization of Accounting
2.7 Peculiarity
of Accounting System in Public Sector
CHAPTER THREE
3.0
Research
Methodology
3.1 Methods of Data Collection
3.2 Procedure for the Collection of Data
3.3 Processing of Data
3.4
Questionnaire
Format
CHAPTER FOUR
4.0 Research Finding
4.1
Organization
Structure
4.2 Accounting Services
4.3 Cash
Office
4.4 Control
Measures Institutionalized in the Cash
Office Operations.
4.5 Ledger Unit
4.6
Expenditure Unit
4.7 Capital
Project Unit
4.8 Payroll
Unit
4.9 Loan and Advance Unit
4.10 Budget Reports and Statistics
CHAPTER FIVE
5.0 Recommendation and Conclusion
5.1 Recommendations
5.2 Conclusion
Bibliography
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND
OF THE STUDY
Record keeping, by whatever means is as old as man
himself. Modern system of keeping accounting records developed from, and is, in
fact an improvement on the old system which originated from time
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