Enhancing Fiscal Accountability and Efficiency in Educational Institution through Financial Management Information Systems (FMIS) By AJAH, Victoria Chizoba, EMENGINI, Boniface & IGBOKWE, Innocent Chiawa Department of Educational Management and Policy Fa

Abstract

Effective financial management is crucial for the growth and sustainability of educational institutions in general. Financial Management Information Systems (FMIS) facilitates informed decision-making, enhances financial transparency and improves resource allocation. This study explores the implementation of FMIS in educational institutions in Nigeria, highlighting its benefits, challenges, and recommendations for fruition improvement. It investigates the adoption, implementation and some impact made by FMIS in the educational institutions. At the end of the study, it was revealed that FMIS adoption is positively correlated with financial performance and that educational institutions face challenges in integrating FMIS with the existing systems. This study contributes to the understanding of FMIS in educational institutions and further provides recommendations for policy makers, administrators and researchers to enhance financial management practices in the education sector.