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Adoption of accrual based accounting by the United Nations: a case of world food programme (WFP) Kenya.

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dc.contributor.author Philis, Njuguna
dc.date.accessioned 2015-05-05T06:58:20Z
dc.date.available 2015-05-05T06:58:20Z
dc.date.issued 2014-08-30
dc.identifier.uri http://erepo.usiu.ac.ke/11732/42
dc.description A Project Report Submitted to the Chandaria School of Business in Partial Fulfillment of the Requirement for the Degree of Masters in Business Administration (MBA). en_US
dc.description.abstract The United Nations in an attempt to harmonize financial reporting practices across United Nations system organizations made a decision to adopt the International Public Sector Accounting Standards. The purpose of this study was to examine the implementation of accrual-based accounting by the World Food Programme. The study sought to answer three research questions; First, the benefits derived from the adoption of accrual based accounting system; second, the challenges of implementing accrual based accounting system and lastly the essential pre-conditions for successful implementation of accrual based accounting. This study took a descriptive research design using case study approach. The population included 50 finance staff working in the WFP finance department from which a representative sample of 45 was selected using simple random sampling method. Primary data collection was through a hand circulated survey questionnaire distributed to the sampled population. Drop and pick method was adopted to circulate the questionnaire. Data was analyzed on Microsoft excel package using descriptive statistics. Correlation analysis using SPSS software represented the significance of relationship between the results obtained from the respondents and the demographic characteristics of the respondents. Data presentation was through tables and figures. Majority of the respondents perceived better asset management, improved consistency and comparability of financial information and improved liabilities management as the major benefits derived from implementation of accrual accounting. The findings also revealed that inadequate financial information system, high cost of implementing the system and lack of adequate resources were the main challenges of implementing accrual based accounting system. The survey results showed that the most essential pre-conditions for the successful implementation of accrual accounting were information technology capability, consultation and co-ordination within and across departments and capacity building through awareness, training and resource provision. The study concluded that implementation of accrual accounting resulted to numerous benefits accruing to the organization, many challenges were experienced during the implementation, and that successful transition to accrual accounting required proper planning and organizing through setting the right preconditions for successful implementation. The study recommended the adoption of accrual-based accounting by other public sector entities, creation of awareness of the challenges and essential pre-conditions for successful implementation of the system. Further research should be focused on investigating the satisfaction level of finance staff with adoption of accrual accounting. Further research could also be carried out on United Nation agencies to examine the sustainability of the dual system of accounting with the aim of investigating the possibility of introduction of accrual based budgeting. en_US
dc.publisher United States International University Africa en_US
dc.subject Accrual Based Accounting en_US
dc.title Adoption of accrual based accounting by the United Nations: a case of world food programme (WFP) Kenya. en_US
dc.type Thesis en_US


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