APPRAISAL OF ACCOUNTING SYSTEM IN LOCAL GOVERNMENT COUNCIL (A STUDY OF IBESIKPO ASUTAN LOCAL GOVERNMENT AREA)
This study appraised the Accounting system in the Local Government Councils in Akwa Ibom State in which Ibesikpo Asutan Local Government Council was used as a case study. The population of the study was thirty (30) respondents drawn from four (4) department of the council, namely; Finance and Supply, General Administration, Personnel & Internal Audit department using sample random techniques. A twenty (20) item questionnaire developed by its researcher was employed for the collection of data for the study. The instrument was face – validate by three experts in educational measurement and evaluation. Three research questions and three hypotheses were formulated to guide the study. The data employed were analysed using simple percentages and chi-square statistical method. The result indicated that Ibesikpo Asutan Local Government Council employed appropriate procedures and methods in processing and recording accounting transactions, the preparation of final accounts in the financial instruction and that the accounting system in Ibesikpo Asutan Local Government facilitates effective assets protection management and Accounting. The council keeps proper books of account and other relevant books. It also recommended that a better computerized storage system should be installed in the council. The accounting staff should be trained and retrained through seminars, conferences and workshops such as the one original by the industrial training fund (ITF) for accounting staff and audit personnel from time to time. Finally, the study can be carried out to compare the accounting system in other local government councils of Akwa Ibom State in Nigeria. It was concluded that the public sector accounting system is tailored to acquire the desired effectiveness and efficiency in resource utilization, management and accountability.