Impact of Using the Government Accounting Program (FORMULA) on Quality of Financial Statements of Mahachulalongkornrajavidyalaya University in Thailand

Abstract

This research aimed 1) to study using of government accounting software packages (FORMULA) of Mahachulalongkornrajavidyalaya University in Thailand, 2) to study the quality of financial statements, and 3) to study the impact on using of accounting software packages on the quality of financial statement. The sample used in this study included 108 personnels whom working in the finance and property section at Mahachulalongkornrajavidyalaya University, Thailand. The sample size was according to the proportions of stratified random finding sampling. The instrument used in the study was a 5-level scale questionnaire with the reliability of 0.91. Statistics used for data analysis were frequency, percentage, mean, standard deviation and multiple regression analysis.

The research findings were as follows: 1) The using of government accounting software packages (FORMULA) of Mahachulalongkornrajavidyalaya University in Thailand included General Ledger System and Information Management System, the overall mean was at very high level 2) The quality of financial statements of Mahachulalongkornrajavidyalaya University in Thailand in term of understanding, decision making, reliability and the comparison, the overall mean was at very high level, and 3) the impact analysis revealed that the using of government accounting software packages (FORMULA) accounting software packages of Mahachulalongkornrajavidyalaya University in Thailand in General Ledger System have a positive impact on the quality of the financial statements in terms of understanding, reliability and comparability statistically significant at 0.01 level. Whereas the relevance of decision making did not have a positive impact on the quality of the financial statements and the types of management information systems has a positive impact on the quality of financial statements in terms of understanding, decision making and the comparability statistically significant at 0.01 level. Whereas the reliability did not have a positive impact on the quality of the financial statements.