Integrated Financial Management Information System and Financial Performance in Trans Nzoia County, Kenya
Loading...
Date
2021
Authors
Wanyonyi, Kirato Wanjalah
Journal Title
Journal ISSN
Volume Title
Publisher
Kenyatta University
Abstract
Public Finance Management Systems are generally used in the management of finance in the public sector. Although government is not necessarily a profit-making enterprise, sound financial performance is crucial to ensure the right services are rendered to the citizens as is required. Contextual investigations of progressively effective nations demonstrate that variables supporting fruitful execution of financial performance goals emanate from the significant specialists to budgetary change goals. The general objectives of this study was to assess the impact of integrated financial management information system implementation on financial performance in Trans Nzoia county, Kenya The specific objectives were; to establish the effect of IFMIS implementation on financial performance in Trans Nzoia County, to examine the benefits realised from IFMIS implementation on financial performance in Trans Nzoia County, to determine the challenges faced in the IFMIS implementation on financial performance in Trans Nzoia County and to investigate the level of awareness and satisfaction of the public about the IFMIS Implementation on financial performance in Trans Nzoia County. The study is anchored on technology acceptance Model, theory of budgeting and cost reduction theory. Data was examined by descriptive statistics such as mean, mode and median. The study also used inferential statistics such as regression and Pearson’s correlation coefficient. The results were statistically presented in forms of frequency distribution tables, charts and bar graphs. The SPSS (version 17) computer software was employed for analyzing data. The study found IFMIS to a great extent, is applied in Trans Nzoia County and there is huge enhancement for duty control and decreased change between spending arrangement and discharges. The greater part of the destinations of IFMIS have been accomplished including upgrading straightforwardness and responsibility, improving public use the executives, encouraging monetary control and limiting dangers. It was uncovered that, through IFMIS, Trans Nzoia County has had the option to build up useful institutional courses of action, create legitimate and administrative system, guarantee rivalry in offering and bolster inward control and responsibility control. The study concluded that there is in this way need to have limit assembling and improved terms of administration for public officials. The utilization of universal measures and strategies in macroeconomic examination, planning, bookkeeping, obtainment and review requires talented staff that can apply new techniques in proficient way. Presentation of IFMIS and other mechanized framework requires explicit aptitudes and preparing for public officials.
Description
A Research Project Submitted to the School of Business in Partial Fulfilment for the Award of Degree of Master of Business Administration (Finance) Kenyatta University, October 2021
Keywords
Integrated Financial, Management Information System, Financial Performance, Trans Nzoia County, Kenya