DETERMINANT OF ELECTRONIC ACCOUNTING PRACTICES AND FINANCIAL REPORTING QUALITY OF LISTED DEPOSIT MONEY BANKS IN NIGERIAAbstract:
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.