EFFECTS OF INTEGRATED FINANCIAL MANAGEMENT INFORMATION SYSTEM ON PERFORMANCE OF PUBLIC SECTOR IN NIGERIA

The purpose of this study is to analyse the effectiveness of Integrated Financial Management Information System (IFMIS) on performance of public sector in Nigeria. Public finance management has come under immense scrutiny by donor community as well as general public in a call for enhanced accountability of the government expenditures for an improved public service delivery. To analyse the effectiveness of identified factors on the use of the system, descriptive and inferential statistics were used. The sample size was drawn from the sections of finance department that includes, budgeting, procurement and internal audits, and at public works department where the financial systems are applied. The study revealed that there was a positive relationship between the effectiveness of IFMIS on public financial management and the independent variables; financial reporting, budgeting, internal controls and projects as was revealed in the regression analysis. The study concluded that there was a relationship between IFMIS in public finance and financial reporting, budgeting, internal control and government projects as 72.4% of the effectiveness of IFMIS was accounted for by the study independent variables. The relationship gave 95% confidence level of effectiveness. The study recommended that the IFMIS be enhanced and improved at system development level so that it gives real figure and factor in more functions of operation linked to financial service for better service delivery.

Download Full-text

Impact of Integrated Financial Management Information System on Performance of Public Institutions in Rwanda

Enterprise Risk Management ◽

10.5296/erm.v3i1.12230 ◽

2017 ◽

Vol 3 (1) ◽

pp. 38 ◽

Cited By ~ 1

Author(s):

Jean Bosco Harelimana

Keyword(s):

Information System ◽

Standard Deviation ◽

Financial Reporting ◽

Internal Control ◽

Management Information System ◽

Financial Management ◽

Public Institutions ◽

Management Decision ◽

Accurate Information ◽

Management Information

A study of assessing the contribution of adoption of IFMIS on performance of Public institutions in Rwanda was carried out under the period 2012-2016. The study is descriptive in nature where raw data was used. Data were collected from 51 out of 197 total population sampled based on available respondents. Methods such as questionnaire, observation, interview and documents was used together both primary and secondary data. After data collection, SPSS Version 32 program was been used for gathering data and cleaning them. The Software also was used to perform statistical techniques that including percentages, mean, standard deviation, and correlation, this was helped the researcher in getting findings for the research conclusion and recommendation.Findings revealed that IFMIS was fully adopted in MINECOFIN with mean of 4.05 indicate that respondents are strongly agree that IFMIS was adopted fully in MINECOFIN: the implementation of the system was done following all required steps, (mean of 3.86 and standard deviation of .721) and it was also increased the capacity bulding of its personnel by offering the necessary training (with mean of 4.43 and standard deviation of .7). the adoption of IFMIS helped in budgeting system (mean of 3.990, cash management (with mean of 4.15), financial reporting (with mean of 4.02) and internal control system (with mean of 4.16). This affected positively the performance of the organization where the correlation between the adoption of IFMIS and performance of MINECOFIN was .976 means the perfect correlation. By conclusion, we confirm the research of Rodin (2008) and (Diamond and Khemani, 2006), that they are significant contribution of integrated financial management information system on performance of public institutions in Rwanda, where it generates timely, the accurate information for the management decision making.

Download Full-text

Effect of Management Information System on Quality of Financial Reporting: A Case of the Institute of Accountancy Arusha, Tanzania

October to December 2021 - EAST AFRICAN JOURNAL OF MANAGEMENT AND BUSINESS STUDIES ◽

10.46606/eajmbs2021v01i01.0003 ◽

2021 ◽

Vol 1 (1) ◽

pp. 16-21

Keyword(s):

Information System ◽

Financial Reporting ◽

Management Information System ◽

Financial Management ◽

Pearson Correlation ◽

Financial Statements ◽

Management Information ◽

Design Data ◽

The Relationship

This study sought to establish the relationship between financial management information system and the quality of financial reporting at the Institute of Accountancy Arusha, using the descriptive design. Data was analyzed through descriptive statistics and Pearson Correlation. The study established that the management information system operates well at the Institute as financial statements are prepared based on required standards. As a result, there is a significant positive relationship between the Management Information System and the quality of financial reporting. This means that management information system enhances the quality of financial reporting. The study therefore recommends that the institute should make effort to maintain the effective management information system as such is very important for not only financial reporting but also for other operations in the learning institution.

Download Full-text