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ACC418Management Sciences3 Unitsintermediate

Public Sector Accounting And Finance

This course provides an in-depth understanding of public sector accounting and finance principles in Nigeria. It explores the legal and regulatory frameworks, accounting concepts, and bases relevant to the public sector. Topics include government revenue sources, expenditure, budgeting, and financial reporting under IPSAS. The course aims to equip students with the knowledge and skills to effectively manage and account for public funds, ensuring transparency and accountability in government financial operations.

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150h
Study Time
13
Weeks
12h
Per Week
basic
Math Level
Course Keywords
Public Sector AccountingGovernment FinanceIPSASBudgetingFinancial Reporting

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
➕
Math Level
Basic Math
📖
Learning Type
Theoretical Focus

Course Topics

Key areas covered in this course

1

Public Sector Accounting

2

Government Finance

3

Legal and Regulatory Framework

4

Budgeting

5

Financial Reporting

6

International Public Sector Accounting Standards (IPSAS)

Total Topics6 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

Assignments

Comprehensive evaluation of course material understanding

Written Assessment

Tutor-Marked Assignments

Comprehensive evaluation of course material understanding

Written Assessment

Final Examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Government Accountant

Apply your skills in this growing field

Auditor

Apply your skills in this growing field

Financial Analyst

Apply your skills in this growing field

Budget Officer

Apply your skills in this growing field

Financial Manager

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

Government MinistriesGovernment AgenciesParastatalsPublic Sector Organizations

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

MODULE I

2h

Unit 1: Overview of public sector accounting and finance in Nigeria.

2 study hours
  • •Read Unit 1: Overview of public sector accounting and finance in Nigeria.
  • •Understand the nature of the public sector and the differences between public sector organizations and government business enterprises.
  • •Identify internal and external users of government accounting information and their respective needs.
  • •Complete Self-Assessment Exercise 1.
Week
2

MODULE I

2h

Unit 2: Legal and regulatory framework of public sector accounting and finance in Nigeria.

2 study hours
  • •Read Unit 2: Legal and regulatory framework of public sector accounting and finance in Nigeria.
  • •Study the provisions of the 1999 Constitution, Finance (Control and Management) Act, and other relevant regulations.
  • •Understand the roles of various regulatory bodies in public sector accounting.
  • •Complete Self-Assessment Exercise 2.
Week
3

MODULE I

2h

Unit 3: Accounting concepts, principles and bases

2 study hours
  • •Read Unit 3: Accounting concepts, principles and bases.
  • •Understand the cash basis, accrual basis, and commitment basis of accounting.
  • •Appreciate the advantages and disadvantages of each accounting basis.
  • •Complete Self-Assessment Exercise 3.
Week
4

MODULE I

2h

Unit 4: National charts of accounts and uniform reporting

2 study hours
  • •Read Unit 4: National charts of accounts and uniform reporting.
  • •Understand the principles and factors for designing a chart of accounts.
  • •Know the purpose, features, and users of the National Chart of Accounts (NCOA).
  • •Complete Self-Assessment Exercise 4.
Week
5

MODULE I

2h

Unit 5: Fund accounting

2 study hours
  • •Read Unit 5: Fund accounting.
  • •Understand the concepts of funds and fund accounting.
  • •Know the general classification of funds and the types of government funds.
  • •Complete Self-Assessment Exercise 5.
Week
6

MODULE I

2h

Unit 6: Government accounting officers

2 study hours
  • •Read Unit 6: Government accounting officers.
  • •Identify the finance officers of government and their respective functions.
  • •Understand the roles of the Minister of Finance, Accountant-General, and Auditor-General.
  • •Complete Self-Assessment Exercise 6.
Week
7

MODULE II

2h

Unit 1: Sources of government revenue

2 study hours
  • •Read Unit 1: Sources of government revenue.
  • •Identify and classify the sources of government revenue.
  • •Understand the Federation Account Revenue Heads and the Revenue Allocation Formula.
  • •Complete Self-Assessment Exercise 1.
Week
8

MODULE II

2h

Unit 2: Government expenditure

2 study hours
  • •Read Unit 2: Government expenditure.
  • •Understand the types of government expenditure and expenditure estimation.
  • •Study the expenditure authorization procedures and the concept of warrants.
  • •Complete Self-Assessment Exercise 2.
Week
9

MODULE II

2h

Unit 3: Financial control in government

2 study hours
  • •Read Unit 3: Financial control in government.
  • •Understand the concept of financial control and its objectives.
  • •Identify the different types of financial controls in government.
  • •Complete Self-Assessment Exercise 3.
Week
10

MODULE II

4h

Unit 4: Preparation of vouchers

2 study hours
  • •Read Unit 4: Preparation of vouchers.
  • •Understand the meaning and classification of vouchers.
  • •Know the contents of valid payment and receipt vouchers.
  • •Complete Self-Assessment Exercise 4.

Unit 5: The cash office

2 study hours
  • •Read Unit 5: The cash office.
  • •Understand the essential features and functions of the cash office.
  • •Know the books of accounts maintained in the cash office.
  • •Complete Self-Assessment Exercise 5.
Week
11

MODULE III

4h

Unit 6: Bank reconciliation

2 study hours
  • •Read Unit 6: Bank reconciliation.
  • •Understand the need and importance of bank reconciliation.
  • •Identify the reasons for disagreement between the cash book and bank statement.
  • •Complete Self-Assessment Exercise 6.

Unit 1: Preparation of transcripts

2 study hours
  • •Read Unit 1: Preparation of transcripts.
  • •Understand the meaning and different types of transcripts.
  • •Know the procedures for the preparation of a transcript.
  • •Complete Self-Assessment Exercise 1.
Week
12

MODULE III

4h

Unit 2: Treasury final accounts –Cash basis

2 study hours
  • •Read Unit 2: Treasury final accounts –Cash basis.
  • •Understand the functions of the Final Accounts Unit of the Treasury Department.
  • •List the financial statements produced by the Treasury Department.
  • •Complete Self-Assessment Exercise 2.

Unit 3: Accounting for local government

2 study hours
  • •Read Unit 3: Accounting for local government.
  • •Understand the functions of local government councils.
  • •Know the sources of revenue of a local government council.
  • •Complete Self-Assessment Exercise 3.
Week
13

MODULE III

4h

Unit 4: Government Budgeting l

2 study hours
  • •Read Unit 4: Government Budgeting l.
  • •Understand the meaning of budget and the purpose of a government budget.
  • •Appreciate the different methods of preparing budgets in the public sector.
  • •Complete Self-Assessment Exercise 4.

Unit 5: Government Budgeting II

2 study hours
  • •Read Unit 5: Government Budgeting II.
  • •Explain the Budget preparation stages.
  • •Appreciate the Structure of the government budget.
  • •Complete Self-Assessment Exercise 5.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Review all Tutor-Marked Assignments (TMAs) and Self-Assessment Exercises.

2

Create concept maps linking Units 3-5 on accounting bases and fund accounting.

3

Practice preparing financial statements under IPSAS from Units 1-4 of Module IV.

4

Focus on understanding the legal and regulatory frameworks covered in Module I.

5

Allocate time to thoroughly review budgeting processes and techniques from Units 4-5 of Module III.

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