Equipping Public Servants with Accrual Accounting for Transparency, Accountability and Efficiency – Evidence from Nigeria and Ghana
Journal Title: GATR Accounting and Finance Review - Year 2016, Vol 1, Issue 1
Abstract
Objective - This study is based on the social welfare viewpoint of accounting. It examines the benefits of accrual accounting as a replacement for cash accounting as a measure to enhance public service transparency, accountability, and efficiency in the public sectors of Nigeria and Ghana. Methodology/Technique - This study is based on a sample of 375 respondents from the accounting, auditing and budgeting cadres and legislatives of the public sector in Nigeria. In the Ghana perspective, 25 high-ranking public servants in the accounting, auditing and budgeting cadres were interviewed for the study. Three hundred and twenty-six valid responses representing 87% of the samples in Nigeria and the Ghana context were retrieved for analysed via descriptive statistics. Findings - Findings indicate that there is a significant association between accrual accounting and transparency, accountability, and efficiency in the public sectors of Nigeria and Ghana. Novelty - This study has the potential for improving financial reporting in the public sector. It is useful to researchers and academics because its focus on societal accounting is of current interest to accounting professionals and researchers.
Authors and Affiliations
Shakirat Adepeju Babatunde, Opoku Fofie
Keywords
Related Articles
- EP ID EP184022
- DOI -
- Views 178
- Downloads 0
The Effect of Application of Management Accounting To Performance through Strategy
Objective - The context strategy as process and strategy as content have significant impact to the correlation between strategy and management accounting (Muktiyanto, 2016; Parnell, 2010). In the context strategy as proc...
Understanding AIS User Knowledge, AIS Quality, and Accounting Information Quality
Objective – Nowadays, computer-based systems are used more to create, store and transfer information. Reliable accounting information will have impact on decision making. In other words, the success of an organization wi...
Effect of Work Environment, Work Satisfaction and Work Motivation on The Performance of Accounting Lecturers
Objective - The purpose of this paper is to investigate whether work environment, job satisfaction and work motivation influences the performance of accounting lecturers. Methodology/Technique - This paper is based on a...
The Impact of Bankruptcy Prediction, Company's Financial Condition, Previous Year Audit Opinion, Firm Size and Audit Tenure Towards Auditor's Going Concern Opinion
Objective - The auditor is responsible for obtaining sufficient audit evidence about the accuracy and proper use of the going concern assumption from the company's management through its financial statements. These evide...
Earnings Management and Fraudulent Financial Reporting
Objective - The objective of this research is to obtain empirical evidence about the effect of real earnings management that is proxied by abnormal Cash Flow from operating and discretionary expenses towards fraudulent f...