TREASURY SINGLE ACCOUNT AND THE DEVELOPMENTAL IMPLICATIONS: A STUDY OF SELECTED TERTIARY INSTITUTIONS, OGUN STATE

admin/ December 3, 2019/ Journal of Business and Social science/ 0 comments

TREASURY SINGLE ACCOUNT AND THE DEVELOPMENTAL IMPLICATIONS: A STUDY OF SELECTED TERTIARY INSTITUTIONS, OGUN STATE

BUSARI, Ismail Alani & FATOGUN, Olukunle Ibukun

Department of Accountancy, The Federal Polytechnic, Ilaro, Ogun State

email:funmigbefpi@gmail.com & ibkolad@gmail.com

Abstract

This study focused on Treasury Single Accounts (TSA) and implication for development in selected tertiary institutions in Ogun State. This study is unique as the implications of treasury single account  on development is geared towards tertiary institutions. The study examined the extent to which TSA has affected developments in tertiary institutions in terms of structural development and operational activities. A survey research method was adopted. The population of this study was (352) comprising of Staff of bursary department and teaching staff of three (3) federal institutions in Ogun State. Stratified random sampling technique was used in selecting the sample size of 150 respondents that were given. The data gathered was subjected to a simple regression analysis tool. The results showed that the adoption of TSA, could explain the variation in  resource mobilization for structural development with  about 24.8%  (P ≤ 0.01) and about 25.4% variation in operational activities could be attributed to treasury single account ( P ≤ 0.01). The study recommended that government should find a way of relaxing the rules guiding TSA to favour the tertiary institutions so that there would be proper execution of projects and there would be prompt submission of accounts to the corporate affairs commission.

Keywords: Structural-development, Fund-mobilization, Treasury-Single-Accounts, Resources, Operational- activities

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