Accounting Policy Choice and Budget Performances in Nigeria: A Case of Government Integrated Financial Management Information System (GIFMIS)

Despite the establishment of GIFMIS as one of the benchmarks for countries’ requirement for achieving efficient administration of the budgetary performance, its efficiency in mitigating the challenges of accounting problems for the efficient utilization of public resources has not been properly investigated especially in developing countries. It is against this backdrop that this study investigated accounting policy choice and budget performances in Nigeria: A case of Government Integrated Financial Management Information System (GIFMIS). This objective was addressed using multinomial logistic regression, inter correlation coefficient matrix analysis and analysis of variance (ANOVA). The results found that proxies of GFMIS have positive and significant effect on budget performance in Nigeria. Based on this finding, the study recommended that government integrated financial management system (GIFMIS) can ensure sound budgetary performance via accountability, access to information, accurate costing, and fraud detection and therefore its adoption and sustainability should be encouraged.