AN APPRAISAL OF THE USE OF CONSOLIDATED REVENUE FUND IN THE PUBLIC SECTOR (A CASE STUDY OF THE STATE BOARD OF INTERNAL REVENUE KOGI STATE LOKOJA)

TITLE PAGE

AN APPRAISAL OF THE USE OF CONSOLIDATED REVENUE FUND IN THE PUBLIC SECTOR

(A CASE STUDY OF THE STATE BOARD OF INTERNAL REVENUE KOGI STATE LOKOJA)

BY

KASIMU ABDUL AKIM

MATRIC NO. 2009/HND/ACCT/159

BEING A RESEARCH PROJECT SUBMITTED TO THE DEPARTMENT OF ACCOUNTANCY, SCHOOL OF MANAGEMENT STUDIES, AND KOGI STATE POLYTECHNIC LOKOJA.

IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF HIGHER NATIONAL DIPLOMA IN ACCOUNTANCY.

NOVEMBER, 2011

APPROVAL PAGE

     This project has been supervised and approved as meeting the partial requirement for the award of higher national diploma in accountancy school of management studies, kogi state polytechnic Lokoja.

___________________                                            _________________

Mr. J. B Ittah                                                                           Date

Project supervisor                                                                     

___________________                                            ________________

 Mr. idoko J.E                                                                         Date

Head of department                                                                  

____________________                                                 _________________

External examiner                                                                   Date

DEDICATION

     This project work is dedicated to Almighty God for his guidance, protection and having medicine on me.

     I also utilized this opportunity to appreciate my parents: Mr. Kasimu Bello and most especially my mother Mrs. Halimat Kasimu.

ACKNOWLEDGEMENT

I wish to thank Almighty God who makes me what I am.

     I appreciate my project supervisor Mr. J.B. ITTAH who took the pains to read the various draft submitted to him and makes necessary correction as well as constructive criticism.

     I also wish to place on record my profound gratitude to all my lecturers in department of accountancy, most especially the head of the department H.O.D Mr. J.E Idoko for being great source of my inspiration and encouragement of this research project and my academic pursuit in kogi state polytechnic lokoja and the member of my family.

      I also wish to thanks most especially my mother Mrs. Halimat Kasimu for her great support through out my day to day study and my brother kebiru Kasimu Bello A.K.A. (K.K.B).

TABLE OF CONTENT

Title Page    -        -        -        -        -        -        -        -        -        i

Certification         -        -        -        -        -        -        -        -        ii

Dedication            -        -        -        -        -        -        -        -        iii

Acknowledgment -        -        -        -        -        -        -        -        iv

Table of Content -        -        -        -        -        -        -        -        v

Abstract               -        -        -        -        -        -        -        -        vi

CHAPTER ONE: INTRODUCTION

1.1. Background of the Study          

1.2. Statement of the Problem

1.3. Objective of the Study

1.4. Significant Of the Study

1.5. Research Question

1.6. Hypothesis

1.7. Scope of the Study

1.8. Limitation of the Study

 1.9. Definition of Terms

CHAPTER TWO: LITERATURE REVIEW

2.0. Introduction

2.1. Nature and Objective of Public Sector Accounting

2.2. Fund

2.3. Consolidated Revenue Fund

2.4. Consolidated Revenue Fund of Federation

2.5. Revenue and Expenditure Accounting

2.6. Reasons for Applying the Consolidated Revenue Fund

2.7. Government Accounting and Commercial Accounting

CHAPTER THREE: METHODOLOGY

3.1. Design of the Study

3.2. Area of the Study

3.3. Population of the Study

3.4. Sample of the Study

3.5. Description of Instrument

3.6. Administration and Retrieval of Instruments

3.7. Method of Data Analysis

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS 

4.0. Data Presentation and Analysis

4.1. Data Presentation

4.2. Data Analysis

4.3. Test of Hypothesis

4.4. Discussion of Findings

CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION.

5.1 Summary                                             

5.2 Conclusion                                          

5.3 Recommendation

                                                 

REFERENCES

APPENDIX

 

ABSTRACT

This project is concerned with the appraisal of the use of consolidated revenue fund in the public sector. The work is designed to analyze and appraise the public sector consolidated revenue fund.

It is an attempt to highlight or appraise the public sectors consolidated revenue fund, using the state board of internal revenue as a case study. The introduction which contains the aim and objective of the study, the research question, also definition of terms in government ministries e.t.c Add part is the review of related literatures.

The research methodology which contains such terns as nature and objective of public sector accounting, fund e.t.c. Hence in sight of the ministry under study organization analysis and hypothesis were dealt with. It also touch the finding, recommendation and conclusion were presented as well as problem encountered such as highlighting the distinguishing features of consolidated revenue fund in the public sector and private sector accounting. This also dealt with different recommendation of the research towards the organization smooth operation.