The impact of organizational culture on the application of accounting procedures in Zimbabwe: A case of Verify Engineering in Harare.
- Author
- Sibanda, Joyce
- Title
- The impact of organizational culture on the application of accounting procedures in Zimbabwe: A case of Verify Engineering in Harare.
- Abstract
- This quantitative study was designed to determine whether Verify Engineering's organizational culture affected its accounting procedures. Understanding the organizational culture at the company, examining accountants' knowledge of organizational culture, and assessing their self-efficacy to change the culture at their company were the sub goals. 35 accounting specialists were chosen at random from a population of 100. The respondents' information was collected via a self-administered questionnaire. Data analysis was done using SPSS version 20 (Statistical Package for Social Sciences). Data were presented as tables and graphs, and descriptive statistics were employed for the analysis. Verify Engineering scored 100% for minimal power distances, 100% for masculinity, and 92.5% for collectivism. The company was discovered to be high on avoiding uncertainty (100%). The culture might offer advantages and disadvantages for competent and moral accounting. According to accountants, the high uncertainty avoidance culture did have an impact on how they carried out their responsibilities. The majority of accountants (96.3%) believed that previous planning was a key component of Verify Engineering and that they had to follow suit. However, the majority of respondents (94.3%) thought that Verify Engineering's culture allowed them to challenge their bosses whenever they felt the need to do so. Accounting professionals' awareness of the cultures present at the organizations under examination ranged from ordinary to outstanding. Conclusion: The organizational cultures at the organizations had a significant impact on accounting practices. Strong cultures provide tenure stability, particularly for accountants who believe they can change organizational culture by delivering high-quality work and involving management as needed. The high level of expertise in Verify Engineering's organizational culture may enable professionals to comprehend the organization's vision and, as a result, provide them the confidence to approach peers and leadership in order to impact the organizational culture at the company. Additionally, it is determined that both organizations have a strong foundation in terms of psychological capital for accounting professionals. According to the report, Verify Engineering should think about how they may further ingrain their organizational culture into ethical professional behavior that is consistent with their long-term goals. The company must also utilize the high psychological capital demonstrated by high self-efficacy to find specialists who can lead the organizations' main operations. Future research must concentrate on the role that organizational and professional cultures have played in influencing how organizations in Zimbabwe have achieved their strategic goals.
- Date
- December 2022
- Publisher
- BUSE
- Keywords
- Accounting procedures
- Organizational culture
- Supervisor
- N/A
- Item sets
- Department of Accountancy