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.

Level of Study: 500 Level