Introduction to public sector Accounting. Distinction between public and private sectors, basic
Accounting forms not-for profit (NFP) classification basic characteristics of government
Accounting. Purposes, uses of government Accounting information Accounting concept and
principles applicable to Government Accounting. Comparison between public sector accounting
and private sector accounting. ‘Structure of governmental accounting in Nigeria, sources of
government revenue and expenditure. Nature and structure of public expenditure, authorization
of government expenditure-the vote book, funding principles; types, financial accounting and
analysis, use of self-accounting systems, fund accounting systems, statement of final accounts of
local government – health institution, educational institutional parastatals, use of audit
department. Cash benefit analysis, planning programming and budgeting system. Federal
government controls, public audit and accountability, public debt and fiscal policy, funded and
unfunded debts, pensions and gratuities. Recent developments and issues in the public sector
implication of Nigeria’s membership in ECOWAS, effect of restructuring public sector, etc.
External loans; multilateral, Paris Club, London Club, promissory notes, etc., loans policy and
consolidation loan rescheduling, equity swap, debt forgiveness.