AN ASSESSMENT OF THE IMPACT OF SINGLE TREASURY ACCOUNT (TSA) ON FINANCIAL MANAGEMENT IN NIGERIAN PUBLIC INSTITUTIONS

ABSTRACT

This study was intended to accessing the impact of single treasury account (TSA) on financial management in public institutions using federal Inland Revenue service. This study was guided by the following objectives: to determine the extent to which treasury single account has influenced, prompt or timely payment for expenditure in FIRS, to suggest measure to tackle the challenges facing the Treasury single account policy. The study employed the descriptive and explanatory designs; questionnaires were used to elicit information from respondents. Primary and secondary data sources were used and data was analyzed by the use of simple percentage and chi-square. The respondents under the study were 200 employees of the federal Inland Revenue service. The study majorly focuses on assessing the impact of single treasury account (TSA) on financial management in public institution. The study findings revealed that the application of treasury single account will enhance financial management in public institution; based on findings from the study, efforts should be made by the Public Institutions and stake holders in promoting treasury single account.