Various accounting system is being used
by different organizations or firms to speculate and analyse their financial
However, for an organization to know
the system of accounting they will adopt depends on the kind of
transaction/business or activities such organization engaged Nigeria my
country. The problem of adopting a particular accounting system especially
among the various local governments in the states has always been taken into
consideration to ensure good control and efficient management of government
operation. To a reasonable and considerable extent, this has been achieved, but
due to the complex system of our local government accounting, there has been
some set back.
Against this background, this project
is designed to point out the ways and systems through which the revenues and
expenditures of local Governments are accounted for.
The accounting system of Obingwa Local
Government Area will be used as a reference point to unravel this problems, and
as well their solutions. Also, this project will identify the nature and
purpose of L.G.A accounting and financial control.
Chapter one of this work is designed to
show the introduction of the case study with the various reforms to its scope
of operation. It also term’s to consider
the problems facing the local governments accounting system in Nigeria, chapter
two of this research work attempts to explore in details the related literature
on the topic, review of local government accounting system will regards to
Obingwa L.G.A. Also, is the L.G.A system of accounting for capital expenditure,
recurrent expenditure and stores.
Chapter three will tend to examine the research
design, the sample and instrument of data collection and the method of
analysis. These items are moreover most important because the validity of the
study is relative to the ability of the researcher to reach those directly
concerned with the problem of the research.
Chapter four is designed to analyse the
responses of the respondents of Obingwa L.G.A workers at various levels.
Chapter five of this research work will
tend to summarize, draw a conclusion and make recommendations that will
adequately make effective impact in the maintenance of local government
accounting system that will be devoid of any immaterial facts, so as to
maintain a true financial position at any point in times.