ISSN 2348-3156 (Print) International Journal of Social Science and Humanities Research ISSN 2348-3164 (online) Vol. 10, Issue 4, pp: (435-440), Month: October - December 2022, Available at: www.researchpublish.com
INFLUENCE OF FINANCIAL INFORMATION REPORTING ON PERFORMANCE OF KENYATTA NATIONAL HOSPITAL IN KENYA Cosmas Makau Maingi1, Dr. Peter Ng’ang’a2 1,2
Department of Accounting and Finance, School of Business, Economics and Tourism, Kenyatta University, Kenya DOI: https://doi.org/10.5281/zenodo.7336497
Published Date: 18-November-2022
Abstract: The growing number of serious scandals and other anomalies affecting businesses, hospitals, and educational institutions is a direct result of the fact that interior controls are sometimes nonexistent or completely ineffective in these institutions. The Moi Teaching and Referral Hospital is the second-largest unrestricted referral hospital in the nation, after Kenyatta National Hospital. Being a public hospital, it receives enormous resources in the form of medical tools, pharmaceutical supplies, hospital infrastructure, and money, among other things. Being a public institution, this hospital has long been plagued by concerns about the potential exploitation of its resources, including the possibility of financial theft. Therefore, this study sought to investigate the influence of financial information reporting on performance of Kenyatta National Hospital in Kenya. A descriptive research design was employed. The unit of analysis was Kenyatta National Hospital. The respondents were 80 employees who were obtained from the finance/Accounting Department, HRM Personnel/ Department, ICT department and other staff. A census of 80 employees was done since the size of the sample population is small. Data collection was done using questionnaires. 8 questionnaires were piloted with respondents from the Kenyatta National Hospital and were not involved in the final research. Content validity was applied in this study to test the validity of the questionnaire. Determination of reliability was done using a test-retest technique. Descriptive statistics using mean and standard deviation were used in describing data in quantitative nature. The inferential analysis was applied in determining the level of association between variables by using correlation analysis and regressions analysis. The study found that that financial information reporting had a significant influence on financial performance of Kenyatta National Hospital in Kenya. The study arrived into a conclusion that the hospital had laid down proper measures in accessing data electronically, the records are properly maintained and data properly updated. The study recommended that the hospital should transparently consolidate information on financial reporting tools while providing guidance on the options best suited to different user roles and needs. Keywords: Financial Reporting Information, Internal Audit Control Practice, Financial Performance.
1. INTRODUCTION According to the Institute of Finance (IIF), the global monetary system predominated until the 2008 financial crisis, which had a significant impact on the region and reduced its benefits and stability (IIF, 2014). Due to this catastrophe, many countries were forced to tighten their regulatory regimes, especially with regard to hazard management in terms of ID and moderation. Additionally, this region is affected by a variety of natural causes, both internal and external; however, the external forces can be divided into political, social, technological, and financial components (Shelter & Eckardt, 2017).
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