An Investigation Of Financial Management Systems Effectiveness In Imo State (Case Study Of Ideato North Local Government)
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
A financial management system can be said to be the methods and software that an organization employs to control and administer its revenue, spending, and assets in order to maximize profits and ensure long-term viability. Financial management is the process of managing an organization's or program's resources in order to fulfill goals and objectives as efficiently as feasible by putting those resources to use in carrying out planned activities (Abdullahi, 1999). A financial management system is made up of a set of tools and processes that allow for the management, conservation, allocation, and investment of an organization's or program's resources.
In most countries throughout the world, financial management is at the heart of public sector reform. With the rising problems of...
