ABSTRACT
This study is aimed at x-raying the degree to which cost management contribute to the judicious handling of public fund. This is a job, which is left in the hands of administrators, legislators, investors as well as the general public, precaution must therefore be taken to avoid wastage’s of public fund as a result of wrong planning and execution. In conducting on this topic, this project work attempts to find out the concept of cost management in managing public funds. What impact with the concept have on individual employee in an organisation, on the government sector, in generation to come how can it be used to ascertain the possible hindrance of achieving the virtue of public fund management in government quarters, how can it be used to examine the spending activities of the government including the current institutional framework in the government. The validity and reliability of the instrument used in this project work are tired to the most suitable population of the study which include employees and the six division of the ministry which includes treasury, planning, budgeting, administration etc of the Ministry of finance and Economic Planning, there is no doubt that the sampling techniques are effective and the statistical tools such as chi-square rate of response percentage used give clear picture of the identified products and relevant but possible solution. Findings shows that cost management has significant impact in the public sector. Finally, cost management has significant impact on the government and individual employee. In conclusion therefore, the researcher will suggest that effective management of fund is achievable if a cost monitoring unit is established in the ministry and property is give to projects meant to improve public lives and reinforcement of the use of warrant in authorization of expense from the government treasury.
TABLE OF CONTENTS
Title i
Approval ii
Dedication iii
Acknowledgement iv
Abstract vi
Table of contents vii
Chapter One - Introduction
1.1 Background of the study 1
1.2 Statement of problem 3
1.3 Objective of the study 3
1.4 Research Question 4
1.5 Significance of the study 4
1.6 Scope of the Study 7
1.7 Limitation of the Study 7
1.8 Definition of Terms 9
Chapter Two - Literature review
2.1 Introduction 9
2.2 Cost Management and Public Expenditure 9
2.3 Nature and Process Framework of Public Sector Accounting 12
2.4 Financial Control System in the Public Sector 18
2.5 The Budget and Cost Control Compliance with
Budgetary Provision 20
2.6 The Use Control of Financial Warrant in Expenditure Control 23
2.7 The Role of Internal Audit Unit in the Management of Public Fund 24
Chapter Three - Research methodology
3.1 Introduction 25
3.2 Research design 25
3.3 Population of the Study 25
3.4 Sampling Techniques and Sample Size 26
3.5 Research Instrument 27
3.6 Method of Data Collection 28
3.7 Method of Data Analysis 28
Chapter Four - Data Analysis and Interpretation
4.0 Introduction 29
4.1 Presentation and Interpretation of Data 29
4.2 Test of Hypothesis 40
4.3 Statement of Hypothesis 40
Chapter Five – Summary, Conclusion and Recommendations
5.0 Introduction 44
5.1 Summary 45
5.2 Conclusion 46
5.3 Recommendation 47
References 49
Appendix 51
Question 52
