Implementation Of Accrual Based International Public Sector Accounting Standards In The Public Corporations: A Case Of Tanzania Broadcasting Corporation

ABSTRACT

The study assesses the implementation of Accrual-Based International Public Sector Accounting Standards in Public Corporation. The study specifically focused on the influence of custom value factors, applicative, and demographic factors towards the implementation of IPSAS. This study employs primary data to attain its objectives. Data were analysed through the Statistical Package for Social Sciences (SPSS), whereby the principal component analysis and multiple regression were used to determine the nature of the relationship between independent and dependent variables. This study had three objectives, the first objective was to examine the influence of custom values in the implementation of accrual based IPSAS in public corporation. The variables included are conservatism, statutory control, and transparency which were analysed to examine their influence in the implementation of accrual-based IPSAS. The findings reveal that statutory control is positively related to the implementation of accrual-based IPSAS while transparency and conservatism were found to be negatively related to the implementation of accrual-based IPSAS. The findings also revealed that only conservatism was found to be insignificantly related to the implementation of accrual-based IPSAS. The second objective was to examine the influence of applicative factors such as staff knowledge, experience and management support to the implementation of accrual-bases IPSAS. The findings show that staff knowledge, staff experience have positive relationship with the implementation of accrual-based IPSAS while management support has negative and significant relationship with the implementation of accrual-based IPSAS. The third objective was to examine the influence of demographic factors such as years of experience, education level and age of respondents. The findings reveal that years of experience and level of education have positive relationship with the implementation of the accrual-based IPSAS while the age of respondents has a negative and insignificant association. The findings from this study recommend that the accrual-based IPSAS should be embraced by all stakeholders and prescribed as a basis for the preparation of public sector financial statements. Thus, the parliament and other government bodies should influence the implementation of accrual-based IPSAS in public sector organizations. vi TABLE