THE IMPORTANCE OF DEPARTMENT VOTE EXPENDITURE ANALYSIS BOOK (DVEA) A CASE STUDY OF INSTITUTE OF MANAGEMENT AND TECHNOLOGY BURSARY DIVISION ENUGU
The aim of this study is to find out the importance of Department Vote Expenditure Account Book (DVEA) various department and ministries. To carry on this
study four research question methods were adopted.
In this study, a questionnaire was used to collect relevant data from the sta
of institute of management and technology Enugu, Bursar Department, from
2000 – 2004. The findings revealed that the institute has been maintaining the financial regulation of 1976. This also serves as consistence recording of
expenditure and liabilities income in respect of finds at disposal of department from 2000 – 2004.
The consistence relate to the recent development in the auditing firms. As approved by SAS 18: statement of account standard on cash flow statement.
Further more the department vote expenditure account book facilitate vote watching and ensure that subheads for which the vote books are kept do not
exceed their authorized limits.
Subsequently, this study will go a long way to government and public sector accounting professionals like sta
of the various ministries of finance.
Department and palatals and corporations will find this project an immense help to them.
1.1 BACKGROUND OF THE STUDY
The Institute of Management and Technology (IMT) Enugu came into existence under the then Eastern Central State Edict N0 10 of 1973, promulgated in the
Administrator of East Central State. Ajie Ukpabi Asika.
The edict took eect
from ist July 1973 and thus give birth to what is now known as the Institute of Management and Technology (IMT) Enugu. Dr. Ukwu I.
Ukwu became the first chairman of council while professor M. O. chijoke became the fist rector.
The IMT Enugu has seven Academia’s school and 27 Academic departments and five administrative divisions as follows: school of Engineering ahs four
departments , Civil Engineering, Mechanical, Electrical and Chemical Engineering technology.
School of Science Technology has four departments. Science Technology, Building and Quantity Surveying, Food Technology, Statistics, Computer Science,
The school of Communication Arts: It has two departments Mass Communication, Fine and Applied Arts.
The school of Financial Studies: This school comprises of Accountancy, Banking, Finance and Insurance.
School of Business Studies: Marketing, Purchasing & Supply, Business Administration and Management, Co-operative Economics and Management
Secretarial Studies and Public Administration.