Fatshimetrie, 03 Sep 2024 – A groundbreaking study conducted at CEPROMAD University in Kinshasa has shed light on the transition from cash accounting to accrual accounting in the context of public finance reform in the Democratic Republic of Congo (DRC).
The author of this thesis, Hussein Masimango Tuna, closely examined this strategic evolution during the period 2011-2021. His study, entitled “From cash accounting to accrual accounting in public finances in the DRC: an application of strategic management in the light of financial intelligence”, provides crucial insights into the public accounting standardization policies and resilience strategies needed to support the implementation of the 2011 public finance law.
Drawing on concepts such as organizational architecture and neo-institutional theory, Masimango has developed a solid theoretical framework to support public financial management reform in the DRC. His study highlights the importance for a State, as for a company, to put in place an effective strategic management of its human, financial and environmental resources through adapted policies.
The author also highlights the urgency of applying financial intelligence strategies to foster innovation and respond to contemporary challenges. The rapid evolution of the financial environment requires a thoughtful and orderly approach to ensure the effectiveness of financial policies and practices.
The conclusions of this thesis highlight the need for stakeholders to fully engage in the implementation of the recommendations made. This involves, in particular, regular updating of financial legislation, the creation of practical guides for accrual accounting, as well as capacity building in accounting standards and financial control.
Finally, the author’s recommendations highlight the importance of collaboration between key actors, such as the Public Finance Reform Commission, financial control authorities and accounting standard-setting bodies, to ensure the success of the transition to more transparent and effective accrual accounting.
In a context where innovation and efficiency are essential to ensure the sustainability of public finances, this study offers valuable insights to guide policy makers and financial managers in implementing strategic and sustainable reforms.
Professors Grégoire Bakandeja Wa Mpungu, Innocent Yere, Oscar Nsaman-O-Lutu, Albert Muluma, Rogatien Ondain, Onsin Nsaman and Freddy Ngiengi, members of the jury, praised the rigor and relevance of this research, highlighting its potential impact on the future of public finances in the DRC.
This study therefore constitutes an essential contribution to the reflection on the modernization and transparency of public finances in the DRC, opening the way to new perspectives and even more efficient and responsible practices.
Thus, the transition to commitment accounting represents a unique opportunity to strengthen financial governance and promote the economic and social development of the country. It is now up to the authorities and stakeholders concerned to implement the recommendations of this thesis and to work together to transform financial practices in the DRC.