IPSAS AND FINANCIAL MANAGEMENT PRACTICES IN PUBLIC SECTOR ENTITIES IN ANAMBRA STATE

https://doi.org/10.5281/zenodo.13890249

Authors

  • Ochie, Chijioke Isaac Department Of Accountancy, Federal Polytechnic, Oko, Anambra State, Nigeria

Keywords:

IPSAS, Financial management practices and Public sector entities

Abstract

The study examined the extent to which the adoption of IPSAS leads to better financial management practices among public sector entities in Anambra state. Descriptive cross-sectional survey research design was utilized in the study. The population of the study was made up of 244 full-time staff of selected public organisations in Awka Metropolis from which a sample size of 152 respondents were chosen. In this study, primary data were collected using self-administered questionnaires composed of closed-ended questions. The study's descriptive statistical analysis utilized measures such as mean, frequency counts, and percentages. The hypothesis was tested using the Spearman Ranked Order Correlation Coefficient, which was calculated using the Statistical Package for Social Sciences (SPSS) Version 25. The findings revealed that: the adoption of IPSAS significantly leads to better financial management practices among public sector entities in Anambra State (rho = 0.901, p-value < 0.000). In conclusion, as public organizations continue to adopt these standards, it is likely that they will experience further improvements in their operational efficiency and accountability, ultimately benefiting the broader public sector domain in Nigeria

Published

2024-10-04

How to Cite

Ochie, C. I. (2024). IPSAS AND FINANCIAL MANAGEMENT PRACTICES IN PUBLIC SECTOR ENTITIES IN ANAMBRA STATE. Journal of Interdisciplinary Research in Accounting and Finance (JIRAF), 11(4), 1–14. https://doi.org/10.5281/zenodo.13890249

Issue

Section

Original Peer Reviewed Articles

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