International records / OpenAlex research

Reforming Budgetary Accounting System in Nigeria: A Case for Intermediate Bases

Budgetary accounting systems are crucial for budget management, financial accountability and economic policy decision making. Reforming a budgetary accounting system requires first analyzing its major weaknesses. This paper adopted an exploratory approach primarily relying on documentary evidence and comparative analysis to establish the weaknesses. It examined the basis of budgetary accounting in Nigeria to verify whether areas and liabilities are accurately monitored, payments reported in a transparent manner, accounting procedures clearly defined and enforced. Priority improvements in accou…