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Factors Influencing the Acceptance of International Public Sector Accounting Standards in Cameroon

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  • Mukah Samuel Tanjeh

Abstract

There is a growing consensus that governments should be held financially accountable, and Cameroon like many developing countries faces the challenge of running a sound government accounting system that guarantees accountability and transparency. Governments strive to adopt a new public management philosophy which focuses on the change in management practices of the public sector towards more private sector practices with the aim of rendering the public sector more cost effective and efficient. The transition from cash to accrual based International Public Sector Accounting Standards (IPSAS) in order to overcome the rising unaccountability and opaqueness in the use of public sector finances becomes a daunting task. In this respect, Cameroon tends to accept international accounting standards that can be adapted easily to its local situation and also make its financial reports more reliable, standardised, comparable, and attractive on the international scene. With this backdrop, the paper sought to investigate the factors influencing the acceptance of government accounting reforms in general and IPSAS in particular in Cameroon. A survey was conducted in the Ministry of Finance (MINFI) and the Ordinary Least Squares (OLS) and Ordered Logistics Estimation techniques used. The main findings revealed the determining factors of IPSAS acceptance in Cameroon namely- knowledge and awareness, institutional organisation, staff training and recruitment, management information system, qualification, sex, implementation cost, political support, and age. The paper ends up proposing a careful study of these factors by the government for any successful public sector accounting reform and IPSAS acceptance to take place.

Suggested Citation

  • Mukah Samuel Tanjeh, 2016. "Factors Influencing the Acceptance of International Public Sector Accounting Standards in Cameroon," Accounting and Finance Research, Sciedu Press, vol. 5(2), pages 1-71, May.
    • Handle: RePEc:jfr:afr111:v:5:y:2016:i:2:p:71
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    References listed on IDEAS

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    Cited by:

    1. Dr Kayode Ismaila ASHAJU & Professor Ofuan James ILABOYA & Professor Alade Sule OMOYE Author-Workplace-NameDepartment of Accounting, Faculty of Management Sciences, University of Benin, Benin City, Ni, 2024. "International Public Sector Accounting Standards Implementation Resources and Government Financial Reporting Quality: The Moderating Influence of Institutional Culture," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(8), pages 1394-1411, August.
    2. Williard Yohana Kalulu, 2022. "The Influence of Custom Values on Implementation of Accrual-Based IPSAS in Tanzanian Public Corporations," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(5), pages 258-265, May.

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    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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