Assessment of the Tanzania Government Accounting: a case of the ministry of finance and Economic affairs
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Mzumbe University
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A Dissertation Submitted in Partial Fulfillment of the Requirements of award of
the Degree of Masters of Science in Accounting and Finance (MSC-AF) of the
Mzumbe University
This study aimed at assessing the effectiveness of the Tanzania government accounting which was conducted at the Ministry of Finance and Economic Affaires with the following specific objectives; to find out types of accounting systems used by the Tanzania Government, to assess effectiveness of each accounting system in place and to identify challenges pertaining to Tanzania Government accounting in order to find out critical ways of addressing such challenges. In execution this study the following research methodology applied; a case study research design used and a case was the Ministry of Finance. The study sample size encompassed of 108 respondents thus attained 90 percent response rate. The study moreover, used purposive and snowball sampling techniques whereas the former used to head of departments and the later to employees at the Ministry of Finance. Data was collected by interview to head of departments, questionnaires to other employees and documentary review guide for securing secondary data. However data obtained were analysed using SPSS. Results of the multiple regression analysis run entailed that effectiveness of the Tanzania Government accounting system is just effective (average) given its highest positive t stat of 64.46263 in the model. The study identified challenges facing Government accounting whereas little computer skills by employees pointed out by 97 percent of respondents, lack of competent personnel (95 percent), limited scope of internal control (90 percent), low legal enforcement (87 percent) and frequent update of standards identified by 70 percent of respondents. The study recommends to the LGAs and MDAs to increase utilization of the EPICOR accounting system by ensuring all accounting issues are computerized. However, analysis of IPSAS compliance among LGAs is suggested as areas for further studies.
This study aimed at assessing the effectiveness of the Tanzania government accounting which was conducted at the Ministry of Finance and Economic Affaires with the following specific objectives; to find out types of accounting systems used by the Tanzania Government, to assess effectiveness of each accounting system in place and to identify challenges pertaining to Tanzania Government accounting in order to find out critical ways of addressing such challenges. In execution this study the following research methodology applied; a case study research design used and a case was the Ministry of Finance. The study sample size encompassed of 108 respondents thus attained 90 percent response rate. The study moreover, used purposive and snowball sampling techniques whereas the former used to head of departments and the later to employees at the Ministry of Finance. Data was collected by interview to head of departments, questionnaires to other employees and documentary review guide for securing secondary data. However data obtained were analysed using SPSS. Results of the multiple regression analysis run entailed that effectiveness of the Tanzania Government accounting system is just effective (average) given its highest positive t stat of 64.46263 in the model. The study identified challenges facing Government accounting whereas little computer skills by employees pointed out by 97 percent of respondents, lack of competent personnel (95 percent), limited scope of internal control (90 percent), low legal enforcement (87 percent) and frequent update of standards identified by 70 percent of respondents. The study recommends to the LGAs and MDAs to increase utilization of the EPICOR accounting system by ensuring all accounting issues are computerized. However, analysis of IPSAS compliance among LGAs is suggested as areas for further studies.
Keywords
Accounting