THE ROLE OF ACCOUNTING IN THE CONTROL OF PUBLIC EXPENDITURE IN NIGERIA (A STUDY OF ALVAN IKOKU FEDERAL COLLEGE OF EDUCATION, OWERRI.)

ABSTRACT This study is to examine the role of accounting in the control of public expenditure in Nigeria using Alvan Ikoko Federal College of Education, Owerri. The role of accounting includes recording, classifying, summarizing, analyzing, presentation, interpretation and communication of financial information. The method adopted for this study is subject to descriptive statistics. The data used in the study were gotten through questionnaires distributed to Alvan Ikoku college of education, Owerri, Imo state. To test the hypotheses, the study used the analysis of variance (ANOVA). The population of the study was 80 and the sample stood at Alvan Ikoku college of Education. The sample size of 65 was randomly selected 5. Point Likert Scale. The data collected from the respondents were analyzed using simple percentage and tabulation for clear understanding. Based on the analyzed data, the researcher was able to make the following findings Accounting records have control over the expenditure of public enterprise. The role of accounting principle in the control of public expenditure in Nigeria was the main aim of this project. Also effects of certain economic factors and government policies on the role of accounting principles in Nigeria is primarily to ensure accountability in this sector and present the true and fair financial position of the enterprises. The following recommendation are on the basis of funding of the study, loss emphasis should be place on the needs and expectation of management when preparing financial report, preparation should not be based in the perforation.