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

Authors

Nebiyou H. Mariam

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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

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