International Journal of Academic and Applied Research (IJAAR)   Year: 2022 | Volume: 6 | Issue: 8 | Page No.: 123-135 Treasury Single Account and Financial Management of Federal Tertiary Educational Institutions in Anambra State from 2012-2019 Download PDF Dr. Chidi E. Nwokike, Dr. Achufusi Emerie E. U., Dr. Chidolue, Dorothy Nkechi & Dr. Ebelechukwu R. Okonkwo Abstract: The research examined the effect of the Treasury Single Account on the financial management of federal tertiary institutions in Anambra State from 2012-2019. The was aimed at specifically determining the effectiveness of the Treasury Single Account policy in curbing financial misappropriation in federal tertiary institutions in Anambra state and examining whether TSA has helped in ensuring accountability in the management of these institutions. The study adopted a survey research design while data was sourced from both primary and secondary sources. The population of the study consisted of 7,969 staff of the three federal tertiary educational institutions in Anambra state. A multistage sampling procedure was used to select respondents. Taro Yamane's formula was used to determine the sample size, with a total of 381 drawn from the population. The collected data was analyzed using descriptive statistics such as percentages, whereas the hypotheses were analyzed using Chi-Square at a 0.05 level of significance. Analysis of the data collected showed that the introduction of the Treasury Single Account policy has helped to curb financial misappropriation in federal tertiary institutions in Anambra State. Treasury Single Account has helped in ensuring accountability and transparency in the management of federal tertiary institutions in Anambra State. The researcher recommended that, in accordance with financial legislation for capital and recurring expenditures, tertiary institutions' accounts should be routinely examined by both internal and external auditors. Finally, the school community or staff members should take steps to have access to details about these institutions' financial standing. This will enable people or concerned groups to voice an issue whenever they discover any strange money transactions.