Treasury Single Account and Fund Management: A Perception of Accounting Practitioners

KIU Journal of Humanities, Vol. 2, No 1, June 2017, pp19-32. ISSN 2415-0843

Posted: 5 Feb 2019

Date Written: June 2017

Abstract

Treasury Single Account (TSA) is a constitutional tool that facilitates collection of all government incoming cash in one account through transferring of the open account balances that hold names of the ministries and government departments existed in the Central Bank and the commercial banks into one consolidated account (CRF) while all approved expenditures and trusts are implemented through this 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 sole aims of reducing siphoning of public fund, boosting revenue collection, and ensuring effective fund management. This study investigates the role of operationalised TSA in fund management by eliciting the opinion of accounting practitioners in Ado-Ekiti metropolis. Descriptive and inferential statistics were used in analysing the data for the study. The study revealed that operationalised TSA reduces mismanagement of public fund and boost government revenues. It therefore recommended that the government political will in enforcing the TSA operation be sustained to fully harness its benefits.

Keywords: TSA, Fund Management, Accountability, & Transparency

JEL Classification: M41

Suggested Citation

Awodiran, Muideen Adeseye, Treasury Single Account and Fund Management: A Perception of Accounting Practitioners (June 2017). KIU Journal of Humanities, Vol. 2, No 1, June 2017, pp19-32. ISSN 2415-0843. Available at SSRN: https://ssrn.com/abstract=3320640

Muideen Adeseye Awodiran (Contact Author)

Afe Babalola University ( email )

KM 8.5, Afe Babalola Way,
P.M.B 5454
Ado-Ekiti, Ekiti State, Western 234432
Nigeria

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