Impact of Strategic Management Accounting on Public Financial Management Reform: A Comparative Study of State Revenue Agencies in Nigeria

Nkwo, Festus Ndubuisi and Eneiga, Rosemary Uche (2024) Impact of Strategic Management Accounting on Public Financial Management Reform: A Comparative Study of State Revenue Agencies in Nigeria. IIARD International Journal of Economics and Business Management, 10 (5). pp. 255-270. ISSN 2489-0065

[img] Text
ImpactofStrategicManagement255-270_organized.pdf
Download (285kB)

Abstract

This study investigates the impact of strategic management accounting (SMA) on public financial management reform within Nigerian state revenue agencies. The specific objectives of the study are: assess current strategic management accounting practices in state revenue agencies across Nigerian states, analyze the perceived impact of strategic management accounting on public financial management reform effectiveness and propose recommendations to enhance integration of strategic management accounting in Nigerian state revenue agencies' public financial management reforms. Through factor analysis, the research examines strategic management accounting practices across different states, assesses their relationship with reform effectiveness, and evaluates the influence of recommended strategies on SMA integration. Findings reveal significant diversity in strategic management accounting adoption among states, with factors like cost management and performance measurement playing crucial roles. The analysis confirms a positive correlation between strategic management accounting implementation and reform effectiveness, highlighting the importance of organizational culture, leadership support, and resource allocation in enhancing strategic management accounting integration. Based on these insights, recommendations include standardized strategic management accounting practices, enhanced leadership support, and a robust monitoring framework to sustain and optimize financial management reforms.

Item Type: Article
Subjects: H Social Sciences > HJ Public Finance
Divisions: Faculty of Arts > Faculty of Law > Faculty of Management and Social Sciences > Faculty of Education
Depositing User: Uchenna Eneogwe
Date Deposited: 16 May 2025 13:02
Last Modified: 16 May 2025 13:02
URI: http://eprints.gouni.edu.ng/id/eprint/4567

Actions (login required)

View Item View Item
GOUNI Repository is powered by EPrints 3 which is developed by the School of Electronics and Computer Science at the University of Southampton. More information and software credits.