The basic objective of financial reporting is provision of information useful for assessing a company performance and prospect. Low quality financial reporting contains inaccurate, misleading information that may result in losses and reduced confidence in corporate governance mechanism. Emerging globalization requires business entities to develop means of processing financial information accurately and speedily for users decision making. Therefore, this study was conducted to find out the effect of accounting software on the quality of corporate reporting. The study adopted cross-sectional survey research design and used structured questionnaire to collect primary data. The research instrument was validated using Cronbach Alpha to test the reliability of the instrument which showed coefficient of 0.704 for accounting information system and 0.806 for corporate reporting. The data collected were analyzed using descriptive and inferential statistics. The result of multiple regression analysis of hypotheses 1 showed that accounting software has a positive significantly effect on the reliability of corporate reporting (R = 0.594, Adj. R2 = 0.627, F (3, 485) = 208.685, p = 0.000 < 0.05) while the result of hypothesis II showed that accounting software has a positive significant effect on the accuracy of corporate reporting with a efficient of multiple correlation (R = 0.629, Adj. R2 = 0.390, F (3, 485) = 80.180, p = 0.000 < 0.05). The study concluded that accounting software are effective in gathering and processing data and information to produce quality corporate reports. The study recommended that accounting software should be made more users friendly since it provides easier environment for businesses to manage financial reporting procedures and processing.
| Published in | Journal of Finance and Accounting (Volume 9, Issue 3) |
| DOI | 10.11648/j.jfa.20210903.16 |
| Page(s) | 101-110 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2024. Published by Science Publishing Group |
Accounting Software, Business Entity, Computerized Information, Corporate Reporting, Quality
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APA Style
Omotilewa Oluwatoyin Olufemi, Adegbie Folajimi Festus, Adesola Munir Adekunle. (2021). Accounting Software in Computerized Business Environment and Quality of Corporate Reporting. Journal of Finance and Accounting, 9(3), 101-110. https://doi.org/10.11648/j.jfa.20210903.16
ACS Style
Omotilewa Oluwatoyin Olufemi; Adegbie Folajimi Festus; Adesola Munir Adekunle. Accounting Software in Computerized Business Environment and Quality of Corporate Reporting. J. Finance Account. 2021, 9(3), 101-110. doi: 10.11648/j.jfa.20210903.16
AMA Style
Omotilewa Oluwatoyin Olufemi, Adegbie Folajimi Festus, Adesola Munir Adekunle. Accounting Software in Computerized Business Environment and Quality of Corporate Reporting. J Finance Account. 2021;9(3):101-110. doi: 10.11648/j.jfa.20210903.16
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Download@article{10.11648/j.jfa.20210903.16,
author = {Omotilewa Oluwatoyin Olufemi and Adegbie Folajimi Festus and Adesola Munir Adekunle},
title = {Accounting Software in Computerized Business Environment and Quality of Corporate Reporting},
journal = {Journal of Finance and Accounting},
volume = {9},
number = {3},
pages = {101-110},
doi = {10.11648/j.jfa.20210903.16},
url = {https://doi.org/10.11648/j.jfa.20210903.16},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20210903.16},
abstract = {The basic objective of financial reporting is provision of information useful for assessing a company performance and prospect. Low quality financial reporting contains inaccurate, misleading information that may result in losses and reduced confidence in corporate governance mechanism. Emerging globalization requires business entities to develop means of processing financial information accurately and speedily for users decision making. Therefore, this study was conducted to find out the effect of accounting software on the quality of corporate reporting. The study adopted cross-sectional survey research design and used structured questionnaire to collect primary data. The research instrument was validated using Cronbach Alpha to test the reliability of the instrument which showed coefficient of 0.704 for accounting information system and 0.806 for corporate reporting. The data collected were analyzed using descriptive and inferential statistics. The result of multiple regression analysis of hypotheses 1 showed that accounting software has a positive significantly effect on the reliability of corporate reporting (R = 0.594, Adj. R2 = 0.627, F (3, 485) = 208.685, p = 0.000 2 = 0.390, F (3, 485) = 80.180, p = 0.000 < 0.05). The study concluded that accounting software are effective in gathering and processing data and information to produce quality corporate reports. The study recommended that accounting software should be made more users friendly since it provides easier environment for businesses to manage financial reporting procedures and processing.},
year = {2021}
}
TY - JOUR T1 - Accounting Software in Computerized Business Environment and Quality of Corporate Reporting AU - Omotilewa Oluwatoyin Olufemi AU - Adegbie Folajimi Festus AU - Adesola Munir Adekunle Y1 - 2021/06/21 PY - 2021 N1 - https://doi.org/10.11648/j.jfa.20210903.16 DO - 10.11648/j.jfa.20210903.16 T2 - Journal of Finance and Accounting JF - Journal of Finance and Accounting JO - Journal of Finance and Accounting SP - 101 EP - 110 PB - Science Publishing Group SN - 2330-7323 UR - https://doi.org/10.11648/j.jfa.20210903.16 AB - The basic objective of financial reporting is provision of information useful for assessing a company performance and prospect. Low quality financial reporting contains inaccurate, misleading information that may result in losses and reduced confidence in corporate governance mechanism. Emerging globalization requires business entities to develop means of processing financial information accurately and speedily for users decision making. Therefore, this study was conducted to find out the effect of accounting software on the quality of corporate reporting. The study adopted cross-sectional survey research design and used structured questionnaire to collect primary data. The research instrument was validated using Cronbach Alpha to test the reliability of the instrument which showed coefficient of 0.704 for accounting information system and 0.806 for corporate reporting. The data collected were analyzed using descriptive and inferential statistics. The result of multiple regression analysis of hypotheses 1 showed that accounting software has a positive significantly effect on the reliability of corporate reporting (R = 0.594, Adj. R2 = 0.627, F (3, 485) = 208.685, p = 0.000 2 = 0.390, F (3, 485) = 80.180, p = 0.000 < 0.05). The study concluded that accounting software are effective in gathering and processing data and information to produce quality corporate reports. The study recommended that accounting software should be made more users friendly since it provides easier environment for businesses to manage financial reporting procedures and processing. VL - 9 IS - 3 ER -
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