ZERO BASED BUDGETING AND FINANCIAL CONTROL IN BAYELSA STATE PUBLIC SERVICE

Authors

  • Johnson I. Okoh Department of Financial Studies, National Open University of Nigeria, Abuja, Nigeria
  • Ifeanyi Madumere Department of Accounting, Federal University Otuoke, Bayelsa State
  • Fidelis U. Amahi Department of Accounting and Finance, University of Delta, Agbor, Nigeria
  • Paul Akom Deputy Bursar, National Open University of Nigeria, Abuja, Nigeria

Keywords:

Budget, Development of decision packages, financial controls, Identification of decision units, Public Service, Reviewing and ranking of decision, Zero based budgeting

Abstract

Budget are of utmost importance for planning and control of economic resources. It allows for budget reductions and permits the re-allocation of resources from low to high priority programmes.  This study investigates the effect of Zero-based budgeting on financial control in Bayelsa State public service. Data were obtained from a total of 31 Accountants and Internal Auditors of selected Ministries in Bayelsa State. These were analyzed using the SPSS version 22 statistical tools The Split-Half reliability test was used to test the consistency/reliability of the instrument used for the study. On the basis of the analysis, it was revealed that zero based budgeting has a positive effect on financial control because the three independent variables which are identification of decision units, development of decision packages and reviewing and ranking of decision packages all have positive effect on financial control. It is therefore recommended that; Zero-based budgeting should be encouraged especially as it is a good and reliable means of ensuring that adequate financial control in the public service of any state and regular training of accounting staff is maintained sustainably.

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Published

2023-07-01

How to Cite

Okoh, J. I., Madumere, I., Amahi, F. U., & Akom , P. (2023). ZERO BASED BUDGETING AND FINANCIAL CONTROL IN BAYELSA STATE PUBLIC SERVICE. Journal of Global Accounting, 9(2), 285 –. Retrieved from https://journals.unizik.edu.ng/joga/article/view/2200

Issue

Vol. 9 No. 2 (2023): July

Section

Articles

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