Impact of Poor Accounting Practices on Budget Implementation on Government Owned Industries. A Study of Enugu State
Abstract
This work titled impact of poor accounting practices on budgetary implementation on Enugu State owned industries aimed at identifying the major causes of poor accounting and budgetary practices in government owned industries; determine the effects of these problems on implementation of budgets in government owned industries; and analyse the impact of these numerous problems to the growth and development of government industries in Enugu State. The study reviewed other existing literature. It applied content analysis techniques. The study discovered that there exist poor accounting practices in government owned industries in Enugu Sate and also appropriate budgetary implementation are hardly kept by these industries. It was found also that employment into these industries are defective hence poor accounting practices and impact of budgetary implementation are hardly met. The study recommend that appointment into board members should not be defective. Rather people who are called to serve should be appointed in-spite zone or local government to ensure success of government industries. In addition, employment into those industries not be zoned to ensure that experts are employed and they effectively discharge their duties diligently and proper things being done at the right time. Government Should introduce policy where wrong appointee should be re-visited or cancelled if possible to ensure that correct personnel is employed for effective performance. Study is recommending that national growth should be preferred by introducing measures that will motivate and increase individual representative willingness and performance through incentives and rewarding system. Implication of the findings. Due to the fact that required personnel often do not occupy the right position in government industries in Enugu State it creates loopholes especially in area of accounting and its budgets. It affects the performance of the entire industry.
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ISSN (Paper)2222-1697 ISSN (Online)2222-2847
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