Augmenting Public Sector Accountability, Transparency, and Inclusiveness through Integrated Financial Data Management Systems: A Theoretical Context
Keywords:
Data Management, Integrated Financial Management Systems, Public Sector Accounting System, Inclusiveness, Transparency, Accountability
Abstract
This theoretical study examines the nexus between data management, financial management systems, transparency, accountability, and inclusiveness within the Nigerian public sector accounting system, providing a conceptual framework for understanding their interrelationships. The study suggests that effective data management and financial management systems are critical for promoting transparency, accountability, and inclusiveness in public sector accounting. The study's theoretical framework, which integrates the theories, provides a foundation for understanding the relationships between these concepts. The study recommends that public sector organizations in Nigeria invest in effective data management and financial management systems, develop the capacity to implement and maintain these systems, and provide training and support to public sector accounting professionals. Additionally, the study suggests that the Nigerian government establish a regulatory framework to ensure that public sector organizations implement and maintain effective data management and financial management systems. Overall, the study contributes to the existing literature on public sector accounting and highlights the need for ongoing research and evaluation to ensure that data management and financial management systems are effective and sustainable in the long term.
References
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Oyedele, O. (2018b). Public sector accounting in Nigeria: Issues and challenges. Journal of Accounting and Finance, 18(2), 1-12.
Ozurumba, B. A., Ugwu, K. E., & Akujor, J. C. (2020). Financial management practices in Nigerian public sector: An empirical study. Journal of Financial Management and Markets, 8(1), 1-25.
Redman, T. C. (2013). Data driven: Profiting from your most important business asset. Harvard Business Review Press.
Sullivan, D. (2019). Data security: A guide to understanding and implementing data security. Apress.
Sutton, S. G. (2017). Integrated financial management systems: A framework for implementation. Journal of Financial Management and Accounting, 28(1), 1-18.
Ubah, C. P., & Njoku, C. O. (2024). Financial reporting and internal controls in Nigerian public sector: A critical review. Journal of Accounting and Finance, 24(1), 1-20.
Ugwu, K. E., & Akujor, J. C. (2022). Digital technologies and financial management in Nigerian public sector: A systematic review. Journal of Public Administration and Governance, 12(2), 1-30.
Von Bertalanffy, L. (1950). The theory of open systems in physics and biology. Science, 111(2872), 23-29.
Warren, C. S., Reeve, J. M., & Duchac, J. E. (2018). Financial accounting. Cengage Learning.
Wernerfelt, B. (1984). A resource-based view of the firm. Strategic Management Journal, 5(2), 171-180.
Barney, J. B. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99-120.
Barton, D., & Court, D. (2012). Making advanced analytics work for you. Harvard Business Review, 90(10), 78-83.
Bovens, M. (2007). Analyzing and assessing accountability: A conceptual framework. European Law Journal, 13(4), 447-468.
Cooper, D. J., & Morgan, W. (2013). Financial management theory and practice. Routledge.
Davenport, T. H. (2013). Enterprise analytics: Optimize performance, architecture, and security. FT Press.
Davis, J. H., Schoorman, F. D., & Donaldson, L. (1997). Toward a stewardship theory of management. Academy of Management Review, 22(1), 20-47.
DiMaggio, P. J., & Powell, W. W. (1983). The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields. American Sociological Review, 48(2), 147-160.
Donaldson, L., & Davis, J. H. (1991). Stewardship theory or agency theory: CEO governance and shareholder returns. Australian Journal of Management, 16(1), 49-64.
Ejiogu, U. G. C., Nwoko, N. M., & Ugwu, K. E. (2023). Digital transformation in Nigerian public sector: Challenges and opportunities. Journal of Public Administration and Governance, 13(1), 1-25.
Ezeani, E. (2020). Data management in public sector accounting: A review of literature. Journal of Public Administration and Governance, 10(1), 1-15.
Fox, J. (2007). The uncertain relationship between transparency and accountability. Development in Practice, 17(4-5), 663-671.
Gaventa, J., & McGee, R. (2013). Citizen participation and accountability: A review of the literature. Institute of Development Studies.
Ibrahim, M. (2019). Integrated financial management systems in Nigeria's public sector: A critical analysis. Journal of Financial Management and Accounting, 10(2), 1-18.
Idris Gadau, Y., & Idris Hassan, A. (2022). Challenges of financial management in Nigerian local governments. International Journal of Intellectual Discourse, 4(2), 190-199.
Inmon, W. H. (2014). Data architecture: A primer for the data scientist. Elsevier.
International Federation of Accountants. (2019). Handbook of international public sector accounting pronouncements.
IPSASB (2019). International Public Sector Accounting Standards. International Public Sector Accounting Standards Board.
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs, and capital structure. Journal of Financial Economics, 3(4), 305-360.
Jones, R., & Pendlebury, M. (2010). Public sector accounting. Pearson Education.
Kajola, S. O. (2017). Financial management in the Nigerian public sector: Challenges and prospects. Journal of Financial Management and Accounting, 8(2), 1-18.
Kieso, D. E., Weygandt, J. J., & Warfield, T. D. (2019). Intermediate accounting. Wiley.
Kimball, R., & Ross, M. (2013). The data warehouse toolkit: The definitive guide to dimensional modeling. Wiley.
Khan, M. A., Khan, M. S., & Ahmed, S. (2020). Integrated financial management system: A conceptual framework. Journal of Financial Management and Markets, 10(1), 1-15.
Kumar, N., Kumar, P., & Sharma, S. (2019). Integrated financial management system: A review of literature. Journal of Accounting and Finance, 19(2), 1-12.
Kriebel, C. H. (2015). Data management: A guide to understanding and implementing data management. Apress.
Kroenke, D. M. (2019). Using MIS. Pearson Education.
Kuipers, B. S., Higgs, M., & Kickert, W. (2019). The importance of accountability in public sector organizations. Public Administration Review, 79(2), 247-258.
Laudon, K. C., & Laudon, J. P. (2020). Management information systems: Managing the digital firm. Pearson Education.
Lawrence, P. R., & Lorsch, J. W. (1967). Organization and environment: Managing differentiation and integration. Harvard University Press.
Loshin, D. (2013). Enterprise knowledge management: The data quality approach. Morgan Kaufmann.
Mardiasmo, D., Kurniawan, A., & Setiawan, D. (2019). Public sector accounting: A review of literature. Journal of Accounting and Finance, 19(1), 1-12.
McAfee, A., & Brynjolfsson, E. (2012). Big data: The management revolution. Harvard Business Review, 90(10), 60-68.
National Bureau of Statistics. (2020). Nigeria's public sector accounting system: A review of the current state.
Njoku, C. O., Ozurumba, B. A., Ubah, C. P., Nwaimo, C. E., Ugwu, K. E., Akujor, J. C., Ejiogu, U. G. C., & Nwoko, N. M. (2024). Overcoming barriers to technology adoption in Nigeria government institutions. Academy of Entrepreneurship Journal, 30(S4), 1-12.
Nwoko, N. M., & Nwaimo, C. E. (2022). Cybersecurity risks in Nigerian public sector: An exploratory study. Journal of Cybersecurity and Information Systems, 10(1), 1-15.
Oyedele, O. (2018a). Integrated financial management systems in Nigeria's public sector: A critical analysis. Journal of Financial Management and Accounting, 9(1), 1-20.
Oyedele, O. (2018b). Public sector accounting in Nigeria: Issues and challenges. Journal of Accounting and Finance, 18(2), 1-12.
Ozurumba, B. A., Ugwu, K. E., & Akujor, J. C. (2020). Financial management practices in Nigerian public sector: An empirical study. Journal of Financial Management and Markets, 8(1), 1-25.
Redman, T. C. (2013). Data driven: Profiting from your most important business asset. Harvard Business Review Press.
Sullivan, D. (2019). Data security: A guide to understanding and implementing data security. Apress.
Sutton, S. G. (2017). Integrated financial management systems: A framework for implementation. Journal of Financial Management and Accounting, 28(1), 1-18.
Ubah, C. P., & Njoku, C. O. (2024). Financial reporting and internal controls in Nigerian public sector: A critical review. Journal of Accounting and Finance, 24(1), 1-20.
Ugwu, K. E., & Akujor, J. C. (2022). Digital technologies and financial management in Nigerian public sector: A systematic review. Journal of Public Administration and Governance, 12(2), 1-30.
Von Bertalanffy, L. (1950). The theory of open systems in physics and biology. Science, 111(2872), 23-29.
Warren, C. S., Reeve, J. M., & Duchac, J. E. (2018). Financial accounting. Cengage Learning.
Wernerfelt, B. (1984). A resource-based view of the firm. Strategic Management Journal, 5(2), 171-180.
Published
2025-06-27
How to Cite
Augustine, U. N., Okolie, R. O., & Jesuwunmi, C. D. A. (2025). Augmenting Public Sector Accountability, Transparency, and Inclusiveness through Integrated Financial Data Management Systems: A Theoretical Context. Global Journal of Accounting, 11(1), 105-114. Retrieved from https://gja.unilag.edu.ng/article/view/2642
Section
Articles
