DETERMINANT OF ELECTRONIC ACCOUNTING PRACTICES AND FINANCIAL REPORTING QUALITY OF LISTED DEPOSIT MONEY BANKS IN NIGERIA
Abstract:ABSTRACT
The study evaluates the factors influencing
the adoption of e-accounting practice and
examines whether E-accounting practices alter the basic accounting procedure in
the selected deposit money banks in Nigeria.
Primary data were employed. Ten deposit money banks
in Nigeria were purposively selected for the study. Three hundred copies of a
questionnaire were administered randomly on the
selected staff of the 10 deposit money banks sampled out of which two
hundred and sixty were returned and used for the study.
Data collected were analyse using descriptive and inferential
statistics. Descriptive statistics was
used to examine the usage of e-accounting and the alteration of basic
accounting procedures. Regression analysis was used to analyse
the factors
influencing the adoption of e-accounting practices
and examine users confidence on the financial statement of the selected banks.
All hypotheses were at
95% confidence level. Findings reveals that all considered
variables; Bank
Size (BS), Cost of ICT Deployment (CID), Perceived Ease of Use (PEOU) and
Perceived Benefit (PB) influenced e-accounting
adoption and that e-accounting practice has not altered the basic accounting
procedure but rather improved the timeliness of report generation. The study
recommends that Nigeria Deposit Money Banks
should create more awareness to group users of financial information on the
benefits entails to the practice of electronic accounting usage.