ACCOUNTING SYSTEM AND PROCEDURE IN PUBLIC SECTOR:
(A CASE STUDY OF EKITI STATE WATER CORPORATION)
FOR COMPLETE PROJECT CALL 07064961036
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
Table of Contents
1.1 Background of the Study
1.2 Objective of the Study
1.3 Limitation of the Study
1.4 Delimitation of the Study
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
2.5.3 Decision Making
2.6 Characteristic of Good Accounting Information
2.6.3 Centralization and Decentralization of Accounting
2.7 Peculiarity of Accounting System in Public Sector
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
4.0 Research Finding
4.1 Organization Structure
4.2 Accounting Services
4.3 Cash Office
4.4 Control Measures Institutionalized in the Cash
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
5.0 Recommendation and Conclusion
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