– Accounting Information System and Its Effect on Company Performance –
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ABSTRACT
This study critically examined accounting information and its effect on company’s performance using selected companies in .
This include changing from the manual accounting system to the modernized and advance accounting information system which is much more faster and easier.
To achieve the objective of the study, 150 questionnaires where administered to the employees of selected companies. The selected companies comprises of fifty (50) respondents each from three(3) companies, and the data collected was analyzed using statistical package for Social Science(SPSS) to compute chisquare at 0.05level of significance.
From the result of this study it was noted that although there were other factors that affects organizational performance but majority of the respondents however agreed that the availability of accounting information is the principle factor that aids company’s performance.
Therefore, the influence of accounting information is greatly and solely indicated as begin responsible for the failure or success of a company’s performance. Accounting information should be greatly adopted by small or big company so that it can show that there defect and also improve their performance.
TABLE OF CONTENTS
Title page……..i
Approval………ii
Declaration……………iii
Certification………iv
Dedication…….v
Acknowledgement………vi
Abstract……………vii
Table of contents…..viii
List of Tables…………….ix
CHAPTER ONE: INTRODUCTION
1.1 Background information of the study……1
1.2 Statement of the problem…………….2
1.3 Objective of the study………..3
1.4 Research question…………….3
1.5 Research Hypothesis……4
1.6 Significance of the study……….4
1.7 Scope of the Study……5
1.8 Definition of terms…….…….5
CHAPTER TWO: LITERATURE REVIEW
2.1 Introduction………7
2.1.1 Accounting information system……..7
2.1.1.1Function of Accounting information system..…8
2.1.1.2 Characteristics of Accounting Information system.9
2.1.1.3 Types of Accounting Information ……….10
2.1.1.4 The Users of Accounting Information…..11
2.1.2 Information system…….…12
2.1.3 Organizational performance……….14
2.1.4 System……………15
2.1.4.1 Open System…………….…..16
2.1.4.2 Closed system……..16
2.1.4.3 Relatively closed system…………..16
2.1.5 Historical background of selected companies…….16
2.2 Theoretical framework………..18
2.2.1 The System Theory……….18
2.2.2 System Information Theory….….19
2.2.4 Performance Theory…………20
2.5 Empirical analysis…………….21
CHAPTER THREE:METHODOLOGY
3.0 Introduction……….29
3.1 Research design………….29
3.2 Research population……………29
3.3 Sample and Sampling technique…..30
3.4 Research Instrument….30
3.5 Validation and Reliability of Research instrument……..30
3.7Data Collection Technique……..31
3.8 Data Analysis Technique…………31
CHAPTER FOUR: DATA ANALYSIS, PRESENTATION AND INTERPRETATION
4.1 Introduction to Data Analysis………..32
4.2 Test of Research Hypothesis……46
4.3 Description of Research Instrument used…………56
4.4 Interpretation of analysis….57
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1 Summary of Findings……62
5.2 Discussion of Findings…..62
5.3 Conclusion………………63
5.4 Recommendation….64
BIBLIOGRAPHY………..65
APPENDICES………68
INTRODUCTION
Background of the Study
In the past and even up till now accounting processes are done manually through the use of separate ledgers to record financial transactions, it involves the use of books, supporting documents and papers to prepare financial statement.
In a sole proprietorship that is probably developing, there might be minimal errors but for a large organisation, these errors are likely not to be easily detected or can be unknown for a long period of time which could affect the company on the long run.
Over the years, through gradual changes, Accounting information system has been introduced which impacts the ways in which accounts are been prepared now.
Information system has changed the way accounting tasks are processed; the green paper days are gone and businesses now have a centralized place where all accounting transactions are entered and saved as there is no need for cumulating large and long columns and searching for paper journals where an accounting computer software can perform all of these tasks.
Most organisations spend a huge amount of money on information system. As a result, this has cause budget to increase overtime. The essence of information system on organisation is for them to perform their work effectively.
A major role that it plays is that it aids decision making in an organisation. Decision making focuses on the evaluation of two or more alternatives which leads eventually to a final choice.
Accounting information on the other hand deals with the process of identifying, measuring and communicating economic information to permit informed judgments and decisions by the users of the information.
“Onaolapo and Odetayo (2012) identify accounting as the language of business as it records all transactions of an individual firms or bodies that can be expressed in monetary terms”.
Professional accountants occupy very key and important position in the business world today. This makes accountants involved in the decision making process of a corporate organisation; the decision is based on relevant financial information and non-financial information.
BIBLIOGRAPHY
Abbey, F. (2011). Organizational Performance, Management Concept. MBA Knowledge Based. Retrieved from http://www.mbaknol.com/management-concepts/organizational-performance/
Adebayo, Mudashiru, Idowu, K.A, Yusuf Babatunde, Bolarinwa S.A (2013). “Accounting information system as an Aid to Decision Making in Food and Beverages Companies in Nigeria”. Australian journal of business and management research, Vol 3.No.09 (26-33).
Adeoye Abayomi O., Elegunde, A.F (2012), “Impact of external business environment on organizational performance in the food and beverage industry in Nigeria.
Adewale T. (2013),”effect of accounting information on the survival of small and medium scale enterprises in Ado-Ekiti”.
Ahmed Adel Jamail Abdullah (2013)”The impact of using accounting information system on the quality of financial statement submitted to the income and sales tax department in Jordan.
Ali Alzoubi (2011). The effectiveness of accounting information system under the enterprises planning (ERP), Vol 2, no 11.
Ali Amiri, Hojjatallah salari (2013) “Effect of accounting information system (AIS) on software qualitative
Bobby Mackie (2008), Organizational performance management in a government context: A Literature review.