ABSTRACT
The study was to substantiate
the influence of ICT on the role of accountants and find out if Accountants are
still relevant. In this study, five performance proxies were considered. The
main objective was to determine the extent to which Information Communication
Technology has influenced the role of Accountants and the specific objectives
sought were to: ascertain the relevance of Accountants, ascertain the impact of
ICT on Accountants performance, evaluate the degree to which ICT had influenced
their involvement in decision making process, examine if Accountants still add
value to their work. The requisite data for this study were extracted from the
questionnaire administered to four sectors of the economy. Other data were
collected from books, journals and websites. Data were analysed using
correlation coefficient, T-test and use of simple regression analysis at 0.05
probability level of acceptance. The Cronbach ’s alpha was used to test the
reliability of instrument and a value of 0.635 was derived. The result revealed
that Information Communication Technology has influenced the role of
Accountants in Nigeria and it was recommended among others that for Accountants
to remain relevant in the information age, they must embrace ICT. The
contribution to knowledge was that inspite of the impact of ICT on Accountants,
yet we still need Accountants with knowledge, skill and abilities to interpret
data for informed decision making.
CHAPTER ONE
INTRODUCTION
1.1 Background
of the Study
Businesses all over the world continuously seek to improve the efficiency
of their operations in order to achieve higher profitability. Information
systems and technologies are some of the most important tools available to
managers for achieving higher levels of efficiency and productivity in business
operations, especially when coupled with changes in business practices and
management behaviour.
Kenneth and Jane (2010), defined information technology as one of many
tools that managers use to cope with change. From the above, it means that
Accountants who are also managers need information technology, not only to cope
with changes but also to enhance their performances and make informed
decisions.
Modum (2005) stressed also that changes in technology have altered the
role of Accountants. Traditionally, accounting information has its own set of
specific functions and has relied on its own devices such as journals and
ledgers, and its own procedures, double-entry book-keeping.
Kenneth and Jane (2010), also emphasized that A
continual stream of information technology innovations is transforming the
traditional business world. Exactly how do information systems enhance
accounting process? Information systems automate many steps
in accounting processes that were formally performed manually, such as checking
of clients' credit, or generating an invoice and shipping order. But today,
information technology can do much more. New technology can actually change the
flow of information, making it possible for many more people to access and
share information, replaces steps with tasks that can be performed
simultaneously, and eliminating delays in decision making.
Why are businesses investing so much in information systems and
technologies? In Nigeria today and most African countries, information systems
are essential for accounting for day-to-day business as well as achieving
strategic business objectives (Kenneth and Jane, 2010). This means that
accounting as a service activity can not operate without information
communication technology. In as much as information technology helps the
Accountants to perform efficiently and at a faster rate, yet organizations need
Accountants to interpret the information and implications to management members
for decision making. What is the essence of generating figures without
interpreting their implications?
According to Modum (2005), the original use of
computers in accounting focused on automating the record keeping function
manual books were replaced by computer "books". The automated system
retained the same functions, orientation towards the...
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