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ABSTRACT

The need for keeping prompt and accurate record of transaction in the government services of the receipt and disbursement of public fund cannot be over-emphasized. This is why the officers of the Accountant –General of the federation in whose hands this duty falls, has over the years been engaged in the determination of procedure to achieve an optimum effectiveness of these recordings. The management of public fund regimes an appropriate and comprehensive accounting system. This has necessitated the formulation of a number of control measure to ensure accountability and probity right from the budget proposal level to the actual implementation. As government spending grows, there is the need to do more than our tailing spending within appropriate amount as it is entirely possible to expend money without reaping the reward for such scientific. Thus, the need to evaluate the benefits and manage the costs become more essential. This is the enrollment of accounting, and its efficiency and effectiveness manifests the impact on the governed.

CHAPTER ONE

INTRODUCTION

1.1    BACKGROUND OF STUDY

In the early days, that is before the advent of modernization, the practice of accounting is not well pronounced in our organizations. This is the period when men were considered to display unquestionable character in the management of private and public find, and as such they were to a reasonable extent, honest, transparent and accountable in their dealings. The reason which can be attributed to the virtue of self contentment that characterized the attitude of men.

However, after the era of modernization, the desire to get rich quick by every means possible, became the order of the day for both administrators and accountants, and as a result of this development, the incidences of fraud, mismanagement & embezzlement were recorded to a great extent, and as such the practice of accounting was intensified in our organizations, to ensure that the pre-determined goals of the system are achieved to a reasonable extent.

In this regards organizations in order to achieve high level of effectiveness, decided to install a competent, reliable, transparent and hones accounting machinery in the organization, this combating the adverse condition known as organizational ineffectiveness the topic which is extensively discussed in this context, using federal pay office, Enugu as a study.

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