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The Impact of Information and Communication Technology (ICT) On Accounting Profession in Nigeria

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Description

– The Impact of Information and Communication Technology (ICT) On Accounting Profession in Nigeria –

Download The Impact of Information and Communication Technology (ICT) On Accounting Profession in Nigeria. Accounting students who are writing their projects can get this material to aid their research work.

Abstract

This study evaluates the relationship between ICT and the accounting profession in Nigeria. The research instrument employed in this study is a closed-ended structured questionnaire administered to the staff members of the selected companies.

The data collected and gathered from the research instrument employed, are analyzed using a chi-square statistical tool, a nonparametric test used to determine whether a systematic relationship exists between two (2) variables.

The statistical package for social science (SPSS) was employed for the data analysis. The result generated from the study indicates that there is a significant statistical relationship between ICT and the accounting profession in Nigeria.

Introduction

Accounting is the process of identifying, classifying and recording, and presenting of financial-economic activities of an entity with the aim of facilitating decision-making by the users of the information.

This process is usually done manually with the use of separate ledgers to record financial transactions. It involves the use of paper, books, and pens to record and prepare financial statements and manual calculations.

This task is tedious and time-consuming and can therefore lead to several human errors. This occurrence might be minimal in small entities such as sole proprietorship.

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