Adoption of integrated financial management information system and performance of national treasury of Kenya
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Date
2020
Authors
Njau, Cyrus Nganga
Kinoti, Kaburu
Journal Title
Journal ISSN
Volume Title
Publisher
International Academic Journal of Information Systems and Technology
Abstract
Adoption of integrated financial
management and information system
(IFMIS) is for effective management and
sourcing procedures within the
government, and it is meant for
streamlining the financial processes and
provision of standard, real-time and
accurate financial statements. IFMIS aims
at cutting down cost of operations,
corruption and fraudulent activities and
increase transparency and accountability
within government ministries and agencies.
But the challenges associated with financial
management are still prevalent as seen
through misuse of financial resources,
increased cases of collusion and corruption
among senior management and
inefficiencies within the internal control
systems. This led the researcher to
investigate on integrated financial
management information system and
performance of National treasury of Kenya;
by looking at the internal control systems
and staff competency aspects. The study is
anchored on technology acceptance model
and institutional theory. Descriptive
research design was adopted in the study
and the population included the staff at the
National Treasury of Kenya. The targeted
staffs were those in the ICT, HR and
finance and accounting departments and a
sample size of 187 staff was obtained.
Primary data was collected using
questionnaire and the researcher adopted
the drop and pick later method. A pilot test
was conducted leading to testing of the
validity and reliability of the research
instrument and the collected data was
entered into SPSS for descriptive analysis
and inferential statistics using multiple
regressions. The study findings were
presented in charts, tables, graphs and prose
discussions. A total of 140 respondents
completed the data collection instruments
and returned them for data analysis. The
study concluded that IFMIS was
significantly embraced in public finance
management at the National Treasury,
Kenya. It was concluded that the national
treasury significantly incorporates and
accrues effective internal control which has
enhanced resource planning, allocation,
accountability and integrity. The study
further concluded that the staffs at the
National Treasury to a significant extent
have relevant and necessary skills,
knowledge, expertise and experience to
manage the system. The study recommends
that the National Treasury needs to enhance
continued internal control improvement
plan and strengthening. The National
Treasury should enhance staff competency
through training, mentorship and internal
trainings to ensure they are able to use and
manage the IFMIS.
Description
A research article published in International Academic
Journal of Information Systems and Technology
Keywords
integrated financial management and information system, IFMIS, National treasury of Kenya
Citation
Njau, K. N., Kinoti, K. (2020). Adoption of integrated financial management information system and performance of national treasury of Kenya. International Academic Journal of Information Systems and Technology, 2(1), 262-281