The irrelevance of Financial Statements from Parastatals in Tanzania

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dc.contributor.authorKitindi, Ernest G.
dc.date.accessioned2016-07-09T17:21:18Z
dc.date.available2016-07-09T17:21:18Z
dc.date.issued1999
dc.descriptionFull text can be accessed at the following link http://journal.ifm.ac.tz/index.php/AJFM/article/view/161en_US
dc.description.abstractThe use of financial statement information has been well documented. It is expected to facilitate decision making pertinent to the user. However, financial statement information is useful only ifir is available on time. This study sought to establish whether financial statement from Tanzania parastatals were availed on time, and if nor, whether the delay was significant. Using the Normal Approximation Rule to rest for significance in mean time difference, it was found that parastatals delayed in releasing financial statements. The difference in mean time for their release was found to be significant at the 1 percent significance level. It is thus concluded that informacion provided by financial statements from Tanzanian parastatals was no longer relevant at the time it was available. Decisions made on the basis of that information, it is argued, were misguided.en_US
dc.identifier.issn0856-6372
dc.identifier.urihttp://hdl.handle.net/20.500.11810/2995
dc.language.isoenen_US
dc.publisherAfrican Journal of Finance and Managementen_US
dc.subjectFinancial Statementsen_US
dc.subjectParastatalsen_US
dc.subjectTanzaniaen_US
dc.titleThe irrelevance of Financial Statements from Parastatals in Tanzaniaen_US
dc.typeJournal Articleen_US
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