AN APPRAISAL OF THE ACCOUNTING SYSTEM OF LOCAL GOVERNMENT
TABLE OF CONTENT
Title page
Approval page
Dedication
Acknowledgement
Abstracts
Table of content
CHAPTER ONE
Introduction
1.1 Background of the study
1.2 Statement of the problem
1.3 Purpose of the study
1.4 Significance of the study
1.5 Limitation of the study
1.6 Definition of terms
CHAPTER TWO
Review of literature
2.1 Nature and purpose of local government accounting and financial control
2.2 Local government basis of accounting
2.3 Books of account and accounting records in local government
2.4 Sources of revenue to the local government
2.5 Accounting principles
2.6 Explanation of step in working papers
2.7 Preparation of vouchers
2.8 Organization and accountability in the local government treasury department
2.9 CHAPTER THREE
Summary of finding conclusion and recommendation
3.1 Summary of finding
3.2 Conclusion
3.3 Recommendation
Bibliography
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND
Local government is the third tier out of the three tier of government in Nigeria and in this way, part of the framework of Nigerian administrative authorities it has administrative structure like any level of government, statutory assigned function, social commitment and financial argument needed for it to maintain itself and perform its statutory function to its citizenry.
According is defined as the act and science of recording business transaction in a systematic manner, so as to show the true state of affairs of a business during a specific period usually called according period.
A system on the other hand, is a whole unit made of inter related element working together to achieve the objective of the whole unite.
Accounting in the government setting tends to satisfy the specialized needs of the government, it is aimed at demonstrating the propriety of transaction and their conformity with established rule to give evidence of accountability for the stewardship of government resources and to provide useful information for good control and efficient management of government operations.
1.2 STATEMENT OF THE PROBLEM
This study entitled appraisal of the accounting system of local government attempt to determine the problem involved in establishing and applying standard accounting system in local government with practical reference to Okigwe local government area of Imo state, Nigeria some of the problem facing the local government are; that the accounting system installed in the local government is not fully effectively operated. Also, the accounting system of the local government is inadequate in design. As a result of these, the financial statement as prepared by the local government does not reflect or show its true financial positions.
1.3 PURPOSE OF THE STUDY

The purpose of this study is:
vIdentify the problem inherent in accounting system of local government.
vKeep the local government concerned, learn how to keep proper accounting statement
1.4 SIGNIFICANCE OF THE STUDY

There are three categories of people that are going to benefit from this study
They are
vThe chief accounting officers
vFinancial officers
vAuditor general
During this study, it indicated that majority of local government in Enugu, Imo and Abia state particularly, and so many other places in Nigeria, are not aware of the legal requirement for recording, processing and presenting information about the transaction carried on in business they are managing, some do not keep proper accounts for their business.

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