Operationalisation of Teasury Single Account and Fund Management
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Date
2019
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Volume Title
Publisher
Department of Accounting and Finance and Business Administration, Fountain University, Osogbo, Nigeria
Abstract
Treasury single account being a combined arrangement of government bank accounts allows the efficient management of public cash and also enables consistent monitoring of cash balances of government account. The high rate of corruption bedevilling Nigeria economy coupled with the recent financial crunch have necessitated operationalisation of the constitutional tool (TSA) across government ministries, parastatals, and extra ministerial departments with the primarygoal of reducing the siphoning of government fund, boosting revenue collection, and ensuring effective fund management. This study investigated the role of operationalised TSA in fund management by eliciting the opinion of accounting practitioners across northern and southern part of Nigeria. Specifically, the study evaluated the factors influencing the operationalisation of treasury single account as well as investigated the role of treasury single account on effective fund management. Finally, the study evaluated the effect of treasury single account on government transparency. The study employed primary data through administration of structured questionnaire.
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Keywords
TSA, Fund Management, Public Resources, Government Transparency, Corruption