Effect of Government Accounting Reforms on Financial Performance of Imo Air Enterprises in Nigeria

Abstract

The study determined the effect of Government Accounting Reforms on Financial Performance of State-Owned (Imo Air) Enterprises in Nigeria. Specifically, the study sought to; determine the effect of Government Integrated Financial Management Information System on financial performance of the State-Owned Enterprises in Nigeria, and ascertain the effect of Chart of Accounts Harmonization reform on state Owned Enterprise performance. This study employed an ex-post-facto research design. Data were obtained from the audited annual corporative reports, Annual financial statements of the enterprises, Public Accounts Committee Reports, Central Bank of Nigeria (CBN) Statistical Bulletins from 2012 to 2024. Descriptive statistics and regression analysis were performed using Sigmaplot (version 15). The findings show that GIFMIS contributes meaningfully to variations in financial performance among the enterprises studied. The study also clearly indicated that this reform plays a meaningful role in influencing financial outcomes among State-Owned Enterprises. Based on the results, the study recommended among others that Imo air enterprises should strengthen internal financial controls, with specific attention to improving EP, as this has shown meaningful influence on Government Accounting Reforms.