ISSN: 2222-6990
Open access
Institutions globally have embraced electronic systems of managing documents and generation of financial statements ranging from maintenance of ledgers, extraction of the trail balance and automated income statement and statement of financial position. This study sought to analyze the effect of e-financial documentation and statements on operating costs in universities in Kenya. The study was guided by theory of reasoned action and technology acceptance model. The target population was 80 employees drawn from 8 universities, four public universities and four private universities operating in Mount Kenya region. Census was used to collect the data from target population. A self-administered semi-structured questionnaire was distributed to the target population. A total of 71 questionnaires were returned giving a response rate of 88.75%. Statistical package was used to undertake descriptive and inferential statistical analysis. Descriptive analysis was done using both means and standard deviations. Bivariate linear regressions were used to assess the effect of e-financial documentation and statements on operating costs. Model R2, ANOVA Statistics (F Statistic and associated p-value) and regression coefficients (Beta and associated p-value) were generated and interpreted. The Bivariate results indicated that online financial documentation have a significant effect on the operating cost of universities. Electronic financial statements had an insignificant effect on operating costs of universities. This study concludes that online financial documentation affects organization costs in the universities. The study recommends the need to sensitize management of universities and other organizations on the importance of electronic financial services because they could reduce operating costs.
Ajzen, I., & Fishbein, M. (1980), Understanding attitudes and predicting social behavior. Englewood Cliffs, NJ: Prentice-Hall.
Allen, F. (1999), What Do Financial Intermediaries Do? University of Philadelphia, Philadelphia, Penn.
Allen, F., McAndrews, J., and Stratran, P. (2002), “E?finance: an introduction”, Journal of Financial Services Research, Vol. 22 Nos. 1?2, pp. 5?27.
Bailey, M. (2004), Retail Payments in Selected Countries: A Comparative Study, Switzerland, Basel .International Journal of Bank Marketing, Vol. 17 No.2, 1999 pp.72-82 Mols, 1998
Bamford, D. R., & Land, N. (2006), The application and use of the PAF quality costing model within a footwear company. The International Journal of Quality & Reliability Management. Vol 23. Iss 2/3. pp 265 -¬278
Barata, Kimberly and Piers Cain, (2001), ‘Information, Not Technology, is Essential to Accountability: Electronic Records and Public Sector Financial Management.’ Information Society
Borg, R. W., and Gall, M. D. (2008), Education Research: An Introduction. New York: Longman Inc
Bushman, R., Engel, E., Milliron, J., and Smith, A. (2001), An analysis of the relation between the Stewardship and valuation roles of earnings. Working Paper, University of Chicago Plunkett, S. (1979). Decomposition and all that rot. Mathematics in School, 8, 2-5
Dillard, J. F., & Yuthas, K. (2006), Enterprise resource planning systems and communicative action. Critical Perspectives on Accounting, 17(2), 202-223.
Esteves, J., & Bohorquez, V. (2007). An Updated ERP System Annotated Bibliography: 2001-2005. Communication of the Association for Information Systems (CAIS), Volume 19, Article 18, April, 2007.
Frantz, R. (2002), John Stuart mill as an anti-intuitionist social reformer. The Journal of Socio-Economics, 31(2), 125-136.
Gaffey, A. D. (2009), Communication and documentation considerations for electronic health records. J of Healthcare Risk Mgmt, 29, 16–20. doi: 10.1002
Gupta, S. P., Sharma A., and Ahuja, S. (2014), Cost Accounting. FK Publications. New Delhi.
King, P., Kvavik, A., and Voloudakis, J. (2002), Enterprise resource planning systems in higher education. Centre for Applied Research Bulletin. 22, 1?11.
Kombo, D. K., & Tromp, D. L. A. (2006), Proposal & Thesis Writing: An Introduction 2nd ed. Paulines Publications Africa, Nairobi.
Lockwood, G., & Davies, J. L. (1985), Universities: The management challenge Society or Research into Higher Education.
Maggiotto, R. (2000), Defining Tomorrows Leading Financial Services Institution, Pricewaterhouse Coopers, Global Financial Services Leadership Team, New York.
Maroofi, F. (2012), Impact of enterprise resource planning systems on company performance and management control systems. International Journal of Business Environment. 5. 51 - 73. 10.1504/IJBE.2012.044928.
Marshall, C., & Rossman, G. B. (2011), Designing Qualitative Research (5th ed.). London. Sage Publications.
Miller, R. H., & Sim, I. (2004), Physicians’ use of electronic medical records: Barriers and solutions. Health Affairs, 23(2), 116-126.
Miriam P., (2000), International Banking and Financial Market Developments, Quarterly Review, Switzerland, Basel.
Mugenda, M., & Mugenda, A. (2008), Research Methods: Quantitative and Qualitative approaches, African centre for Technology Studies, Nairobi.
Ogula, D. (2008). Attractors, strange attractors and fractals. Encyclopedia of Public Administration and Public Policy, Second Edition (Print Version).Evan M. Berman, (Ed.). Boca Raton, FL: CRC Press, pp. 118-122.
Orodho, J. A. (2009), Techniques of writing research proposals and report in education and social sciences. Nairobi: Masola Publishers.
Rabaa'i, A. A., Bandara, W., & Gable, G. (2009), ERP systems in the higher education sector: A descriptive study. Proceedings of the 20th Australasian Conference on Information Systems, 456-470.
Robinson, T. (2000), “Internet banking – still not a perfect marriage”, Information week, Vol.17, No. 4, 104-106.
Sadagopan, S. (2003), “Enterprise resource planning”, Encyclopedia of Information Systems, Vol. 2, pp. 169-184
Sale, M. L. (2005), An Analysis of the Influence of ERP Implementation on Financial Accounting Measures. Allied Academies International Conference (pp. 73-77). Proceedings of the Academy of Accounting and Financial Studies.
Shahrokhi, M. (2008), E-finance: status, innovations, resources and future challenges, Managerial Finance, 34(6), 365-398
Swartz, D., & Orgill, K. (2001), Higher education ERP: Lessons learned. Educause Quarterly, 24(2), 20-27.
In-Text Citation: (Nyaga et al., 2020)
To Cite this Article: Nyaga, M., Kamau, R., & Kiragu, D. (2020). Effect of E-Financial Documentation and Statements on Operating Costs in Universities in Kenya. International Journal of Academic Research in Business and Social Sciences, 10(8), 75–92.
Copyright: © 2020 The Author(s)
Published by HRMARS (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode