A Review on the Effect of Integrated Financial Management Information System (IFMIS) in Public offices in Lemi Kura Sub-City
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Date
2024-06-24
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AAU
Abstract
This study aims to assess the effects of the Integrated Financial Management Information System
(IFMIS) on the financial performance of public offices in Lemi Kura Sub-city. The research
involved 140 employees working with IFMIS, selected through simple random sampling. Data
collection and analysis were performed using descriptive statistics, including frequency count,
percentage, mean, standard deviation, p-value, and t-test, alongside the determination of
confidence intervals. The data were processed using the Statistical Package for the Social Sciences
(SPSS) version 26 software. The findings indicate that IFMIS has significantly improved service
delivery by auditors, with a notable enhancement in the audit process. Furthermore, the system has
bolstered auditors' independence and facilitated easier access to financial data, both of which were
strongly affirmed by the respondents. The system has also enhanced the reconciliation of financial
transactions and the reliability of financial records, receiving high ratings from participants. IFMIS
has clearly highlighted variances in financial statements, contributing to more transparent auditing
processes. Based on these findings, the study recommends that the management of Lemi Kura
Sub-city should increase the utilization frequency of IFMIS for cash management and allocate
more resources toward the improvement of IFMIS systems. This enhancement is expected to
establish greater efficiency in financial management, leading to improved financial performance.
Additionally, it is crucial for Lemi Kura Sub-city to ensure the accuracy of records in accounting
and financial reporting. This accuracy will ensure that stakeholders and the public have access to
reliable financial information, promoting transparency in the use of public funds