Browsing by Author "Olumoh, Yusuf Alabi"

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    ACCOUNTING INFORMATION SYSTEMS, INTERNAL CONTROL MECHANISMS AND PERFORMANCE OF GOVERNMENT AGENCIES IN KWARA STATE, NIGERIA
    (POLAC MANAGEMENT REVIEW (PMR) DEPARTMENT OF MANAGEMENT SCIENCE NIGERIA POLICE ACADEMY, WUDIL-KANO, 2024-09) Olumoh, Yusuf Alabi
    Abstract Over the years, government agencies in Nigeria have struggled with implementing Accounting Information Systems (AIS) and Internal Control Mechanisms (INTCON) due to technological limitations, inadequate staff training, resistance to change, and insufficient funding. These challenges hinder accurate reporting, accountability, and efficiency, crucial for optimal performance and service delivery. Given this, the study investigates how AIS and INTCON can enhance the overall performance of these agencies. A cross-sectional survey research design and quantitative paradigm were adopted, targeting stakeholders from 20 ministries. A purposive sample of 250 staff from various ministries in Kwara State, Nigeria, was surveyed using a structured questionnaire. The study used Partial Least Squares Structural Equation Modeling for data analysis. Findings revealed significant positive relationships between AIS and INTCON with performance, supported by coefficients of 0.329 and 0.402, and p-values of 0.000 at a 5% significance level. The study concludes that the strategic use of AIS and INTCON can enhance organizational performance. It recommends that government agencies in Nigeria prioritize investments in AIS and INTCON to improve performance. By enhancing the quality and effectiveness of their accounting information systems, organizations can ensure more accurate financial reporting and better decision-making processes. Similarly, strengthening internal control mechanisms can help organizations mitigate risks, prevent fraud, and improve operational efficiency.
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    ACCOUNTING INFORMATION SYSTEMS, INTERNAL CONTROL MECHANISMS AND PERFORMANCE OF GOVERNMENT AGENCIES IN KWARA STATE, NIGERIA
    (POLAC MANAGEMENT REVIEW (PMR) DEPARTMENT OF MANAGEMENT SCIENCE NIGERIA POLICE ACADEMY, WUDIL-KANO, 2024-09) Olumoh, Yusuf Alabi
    Abstract Over the years, government agencies in Nigeria have struggled with implementing Accounting Information Systems (AIS) and Internal Control Mechanisms (INTCON) due to technological limitations, inadequate staff training, resistance to change, and insufficient funding. These challenges hinder accurate reporting, accountability, and efficiency, crucial for optimal performance and service delivery. Given this, the study investigates how AIS and INTCON can enhance the overall performance of these agencies. A cross-sectional survey research design and quantitative paradigm were adopted, targeting stakeholders from 20 ministries. A purposive sample of 250 staff from various ministries in Kwara State, Nigeria, was surveyed using a structured questionnaire. The study used Partial Least Squares Structural Equation Modeling for data analysis. Findings revealed significant positive relationships between AIS and INTCON with performance, supported by coefficients of 0.329 and 0.402, and p-values of 0.000 at a 5% significance level. The study concludes that the strategic use of AIS and INTCON can enhance organizational performance. It recommends that government agencies in Nigeria prioritize investments in AIS and INTCON to improve performance. By enhancing the quality and effectiveness of their accounting information systems, organizations can ensure more accurate financial reporting and better decision-making processes. Similarly, strengthening internal control mechanisms can help organizations mitigate risks, prevent fraud, and improve operational efficiency.
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    STRATEGIC MANAGEMENT ACCOUNTING, DIGITALIZATION OF ACCOUNTING PRACTICES AND PERFORMANCE AMONG CONSUMER GOODS FIRMS IN LAGOS STATE
    (MALETE JOURNAL OF ACCOUNTING AND FINANCE, Department of Accounting and Finance, Faculty of Management and Social Sciences, Kwara State University, Malete, 2023-12) Olumoh, Yusuf Alabi
    Modern management accounting practices have posed challenges for global manufacturing companies, particularly in the transition from traditional to strategic methods. This transition has been notably deficient among numerous consumer goods firms in Nigeria, where the absence of effective strategic costing practices has led to significant issues such as cost inefficiency, competitive disadvantage, and ineffective decision-making. Recognizing the significance of technological advancement for growth and competitiveness, this study investigated the impact of strategic management accounting and digitalization of accounting practices on the performance of consumer goods companies in Lagos. The research methodology employed a survey research design, sampling 161 management employees from 45 consumer goods companies in Lagos as of January 2023. The research utilized partial least square structural equation modelling to analyse primary data. Results highlighted significant impacts on Consumer goods performance from strategic costing practices and the digitalization of accounting methods. Both strategic costing practices and digitalization displayed positive and noteworthy effects on performance, reflected by t-values of 0.213 and 0.218, along with respective p-values of 0.037 and 0.023. However, strategic customer accounting practices exhibited an insignificant impact on performance, evident through a t-value of 1.345 and a p-value of 0.179 at a 5% significance level. The study concludes that strategic costing and digitalizing accounting methods highly influence and benefit and consumer goods firms’ performance, unlike strategic customer accounting. The study recommends that the implementation and integration of effective strategic costing methodologies and digitalization initiatives to further propel the growth and competitiveness of these companies in Lagos State
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    STRATEGIC MANAGEMENT CONTROLS AND OPERATIONAL PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN SOUTH-WEST NIGERIA
    (MALETE JOURNAL OF ACCOUNTING AND FINANCE, Department of Accounting and Finance, Faculty of Management and Social Sciences, Kwara State University, Malete, 2024-06) Olumoh, Yusuf Alabi
    Small and Medium Enterprises (SMEs) in South-West Nigeria often face performance challenges due to inadequate strategic formulation, ineffective implementation, and insufficient evaluation, leading to resource underutilization and growth obstacles. This study investigated the impact of strategic management controls on SMEs' operational performance in the region. This study adopted a quantitative survey research design and collected primary data from 399 SMEs in South-West, Nigeria, selected through stratified random sampling. Partial Least Squares Structural Equation Modeling was used for data analysis. The findings revealed a significant positive relationship between strategic planning and operational performance (β = 0.233, p = 0.010), indicating the importance of strategic planning in enhancing performance. Additionally, strategic planning had a substantial impact on operational performance (β = 0.373, p = 0.000), demonstrating its effectiveness in driving improvements. Strategic evaluation also had a positive and significant influence on operational performance (β = 0.243, p = 0.000), highlighting its role in performance enhancement. The study concluded that strategic management controls are strong predictors of SMEs' operational performance. The study recommended that SMEs focus on improving their strategic planning processes and invest in robust evaluation processes to assess the effectiveness of implemented strategies and make informed decisions for future endeavors.