Key Features:

No. of pages: 48
No. of chapters: 5

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Abstract:

This study is designed to review overall financial reporting pattern and accounting basis prevalent in our local government make proper practical suggestion to improve the quality of financial reporting. Five research questions and two hypotheses were employed. Local government accounting and financial reporting aimed at providing an effective and efficient system to safe guarded the resources entrusted on them obvious problem of the topics of the study includes- lack qualified accounting personnel inadequacy of the basis of accounting and financial reporting prevalent in our local government aroused the interest of the researcher to make an in-depth and explanatory study as to find the solution and make recommendation.

The statistical tools used to analyze the data are simple percentages and chi-square .It was find that Aguata L.G.A have encountered some problems in the preparation of their accounting ,the financial statement does not show the financial position of the organization properly .From the oral interviews, discussion and interaction it shows that a lot of need to be done on the part of Aguata L.G.A to educate their staff and other local government on the benefit of booking proper books of account and financial statement with relevant regulation .It was therefore recommended that employing professional qualified accountant prepare the account of local government .Employing depreciation and accrual accounting to improve the quality of report and enriching the annual report by adding new financial activities .Boarding the constituency of local government distribution of their reporting system .The local government accounting and financial reporting should be audited every year.

Table of Content:

Title page ......................................i
Approved page ......................................ii
Dedication ......................................iii
Acknowledgment ......................................iv
Table of content ......................................v
Abstract

CHAPTER ONE
1.1Background of study ......................................1
1.2Statement of problem ......................................4
1.3Purpose of study ......................................5
1.4Research question ......................................5
1.5Research Hypothesis ......................................6
1.6Significance of study ......................................7
1.7Scope of study ......................................7
1.8Limitation of study ......................................8
1.9Definition of terms ......................................8

CHAPTER TWO
Literature Review
2.1Overview of Public Sector Accounting ......................................11
2.2 Local Government Reform in Nigeria ......................................12
2.3Local Government Accounting System......................................14
2.4Management Accounting in Local Government ......................................19
2.5.Internal Auditing and Local Government ......................................21
2.6.Users of Local Government Accounting and Financial Reporting ......................................23
2.7.Financial Management in Local Government ......................................24
2.8Accounting System in Local Government ......................................25
2.9 Summary of Literature Review ......................................26

CHAPTER THREE
Research Methodology
3.1Research Design ......................................28
3.2Area of Study ......................................28
3.3Population of Study ......................................28
3.4Sample of Study ......................................29
3.5Instrument for Data Collection ......................................29
3.6Validation of Instrument ......................................30
3.7Distribution and Retrieval of the Instrument ......................................30
3.8.Method of Data Analysis ......................................30
3.9Statistical Test for Hypothesis ......................................31

CHAPTER FOUR
Data Presentation and Analysis
4.0Introduction ......................................33
4.1Data Presentation and Interpretation ......................................33
4.2Test of Hypothesis ......................................37
4.3.Findings ......................................39
4.4Discussion of Finding ......................................40
 
CHAPTER FIVE
Summary, Conclusion, and Recommendation
5.1Summary of Findings...................................... 41
5.2Conclusion ......................................42
5.3Recommendation ......................................43
5.4Suggestion for Future Research ......................................44
Reference ......................................45
Appendix A ......................................47
Appendix B ......................................46
Questionnaires ......................................48