Public Sector Accounting And Finance

1. Understand the nature and scope of public sector accounting and finance.
2. Apply relevant laws and regulations to government financial operations.
3. Prepare and analyze government financial statements.
4. Apply IPSAS in financial reporting.
5. Understand government budgeting processes and techniques.

13 weeks, about 34 hours in total. Yours will differ.

1. Week 1MODULE I

   • Unit 1: Overview of public sector accounting and finance in Nigeria. · 2 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..

2. Week 2MODULE I

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

3. Week 3MODULE I

   • Unit 3: Accounting concepts, principles and bases · 2 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..

4. Week 4MODULE I

   • Unit 4: National charts of accounts and uniform reporting · 2 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..

5. Week 5MODULE I

   • Unit 5: Fund accounting · 2 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..

6. Week 6MODULE I

   • Unit 6: Government accounting officers · 2 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..

7. Week 7MODULE II

   • Unit 1: Sources of government revenue · 2 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..

8. Week 8MODULE II

   • Unit 2: Government expenditure · 2 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..

9. Week 9MODULE II

   • Unit 3: Financial control in government · 2 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..

10. Week 10MODULE II

    • Unit 4: Preparation of vouchers · 2 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 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..

11. Week 11MODULE III

    • Unit 6: Bank reconciliation · 2 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 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..

12. Week 12MODULE III

    • Unit 2: Treasury final accounts –Cash basis · 2 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 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..

13. Week 13MODULE III

    • Unit 4: Government Budgeting l · 2 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 hours

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