NEXUS OF TREASURY SINGLE ACCOUNT AND FINANCIAL ACCOUNTABILITY IN OYO STATE, NIGERIA
The establishment of Treasury Single Account reduced proliferation of accounts of ministries, departments and agencies which in turn encouraged financial accountability among government organs in Oyo state. It is on this note that this study investigated how treasury single account aided financial...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Kwara State University, Malete Nigeria
2022-12-01
|
| Series: | Malete Journal of Accounting and Finance |
| Subjects: | |
| Online Access: | https://majaf.com.ng/index.php/majaf/article/view/7 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1823859645769318400 |
|---|---|
| author | Muhammed Basiru MUSTAPHA |
| author_facet | Muhammed Basiru MUSTAPHA |
| author_sort | Muhammed Basiru MUSTAPHA |
| collection | DOAJ |
| description |
The establishment of Treasury Single Account reduced proliferation of accounts of ministries, departments and agencies which in turn encouraged financial accountability among government organs in Oyo state. It is on this note that this study investigated how treasury single account aided financial accountability in the public sector of Oyo state. This was achieved using survey research design and the study population was made up of sampled staff of MDAs in Oyo state. Primary data was collected through the administration of questionnaires. The result of the hypotheses tested showed that three out of the four formulated hypotheses were significantly related to financial accountability except for unification of government revenue that has no significant effect. Thus, indicating that treasury single account goes a long way in aiding financial accountability. This study thus recommends that operational challenges, financial control and operational efficiency are key predictors of financial accountability in the public sector of Oyo state.
|
| format | Article |
| id | doaj-art-cfcf87d18c8e43508ea06b18d163d970 |
| institution | Kabale University |
| issn | 2735-9603 |
| language | English |
| publishDate | 2022-12-01 |
| publisher | Kwara State University, Malete Nigeria |
| record_format | Article |
| series | Malete Journal of Accounting and Finance |
| spelling | doaj-art-cfcf87d18c8e43508ea06b18d163d9702025-02-10T23:06:41ZengKwara State University, Malete NigeriaMalete Journal of Accounting and Finance2735-96032022-12-0132NEXUS OF TREASURY SINGLE ACCOUNT AND FINANCIAL ACCOUNTABILITY IN OYO STATE, NIGERIA Muhammed Basiru MUSTAPHA0https://orcid.org/0000-0003-0170-6761Kwara State University, Malete, Kwara State, Nigeria The establishment of Treasury Single Account reduced proliferation of accounts of ministries, departments and agencies which in turn encouraged financial accountability among government organs in Oyo state. It is on this note that this study investigated how treasury single account aided financial accountability in the public sector of Oyo state. This was achieved using survey research design and the study population was made up of sampled staff of MDAs in Oyo state. Primary data was collected through the administration of questionnaires. The result of the hypotheses tested showed that three out of the four formulated hypotheses were significantly related to financial accountability except for unification of government revenue that has no significant effect. Thus, indicating that treasury single account goes a long way in aiding financial accountability. This study thus recommends that operational challenges, financial control and operational efficiency are key predictors of financial accountability in the public sector of Oyo state. https://majaf.com.ng/index.php/majaf/article/view/7Treasury single accountfinancial accountabilitypublic sectorgovernment revenue |
| spellingShingle | Muhammed Basiru MUSTAPHA NEXUS OF TREASURY SINGLE ACCOUNT AND FINANCIAL ACCOUNTABILITY IN OYO STATE, NIGERIA Malete Journal of Accounting and Finance Treasury single account financial accountability public sector government revenue |
| title | NEXUS OF TREASURY SINGLE ACCOUNT AND FINANCIAL ACCOUNTABILITY IN OYO STATE, NIGERIA |
| title_full | NEXUS OF TREASURY SINGLE ACCOUNT AND FINANCIAL ACCOUNTABILITY IN OYO STATE, NIGERIA |
| title_fullStr | NEXUS OF TREASURY SINGLE ACCOUNT AND FINANCIAL ACCOUNTABILITY IN OYO STATE, NIGERIA |
| title_full_unstemmed | NEXUS OF TREASURY SINGLE ACCOUNT AND FINANCIAL ACCOUNTABILITY IN OYO STATE, NIGERIA |
| title_short | NEXUS OF TREASURY SINGLE ACCOUNT AND FINANCIAL ACCOUNTABILITY IN OYO STATE, NIGERIA |
| title_sort | nexus of treasury single account and financial accountability in oyo state nigeria |
| topic | Treasury single account financial accountability public sector government revenue |
| url | https://majaf.com.ng/index.php/majaf/article/view/7 |
| work_keys_str_mv | AT muhammedbasirumustapha nexusoftreasurysingleaccountandfinancialaccountabilityinoyostatenigeria |