Government Accounting Reforms and Financial Performance: A Study of State Own Enterprise of Ebonyi State, Nigeria

Abstract

This study examined the effect of Government Accounting Reforms on financial performance of Ebonyi state own enterprise. Against the backdrop of persistent financial inefficiencies and accountability challenges in the public sector, the study selected Debt-to-Equity Ratio and Gross Profit Margin as the financial performance indicators. The study adopted a quantitative research design, utilizing secondary data obtained from the audited financial statements of the Ebonyi state owned enterprise. Descriptive statistics and multiple regression techniques were employed to analyze the data. From the analysis of data, the study revealed that government budget implementation reporting via Open Treasury Portal significantly enhances public access to government financial transactions and performance reports and contribute positive to government accounting reforms. Another finding was that Government Cash Management Reforms have a positive significant effect on financial performance of states as it optimizes liquidity, ensure timely payments, and reduce borrowing costs, enhances liquidity control and minimizes idle cash balances.

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