Impact of ict on accounting practice in nigeria

Automated teller machine ATM: This work will be restricted to cover the impact within accounting practice and profession. These looked at the introduction, the conceptual framework, the review of prior study; in terms of the software, the impacts of ICT at various level, the benefits and the summary.

The analysis will focus on Data presentation and test of Hypothesis. The system has been set; it is the duty of accounting profession to device a means of improving on the Information and Communication Technology ICT.

This is the Summary and conclusion of the research work. These have translated into some forms of problem as the manner in which accountants can potentially add value to economic entities and societies is undergoing a metamorphosis. IAS may also use these as a basis for setting guide and standards.

The accountants fought a constant battle against the failure and lost of records. This chapter willseek to summarize the findings in this research, with a view of concluding the research, making necessary recommendations and stating the limitations of the study.

It looked at the recommendations, limitations of the study, Suggestion for further research and the Reference.

It will consist of accountants in the accounting and audit department of the bank. The application of Information and Communication Technology ICTon accounting practice in Nigeria has become a subject of fundamental importance and concerns to all business enterprise and indeed a prerequisite for local and international competitiveness.

These software and applications have helped tremendously in impacting on work group level and business process level. To evaluate the challenges associated with information and communication technology in accounting profession today. This entails that organizations that are able to exploit the potentials offered by ICT can handle various types of innovative processes in their businesses since ICT influences the performances of an organization in multifaceted ways.

A Prior observation shows that computerized accounting system have internal check and balance measures to ensure that all transactions and accounts are properly balanced before the financial statements are finally prepared.

ICT have created no significant impact on accounting practice Ho2: This study can also help in analyzing ICT environment that govern the preparation, presentation of financial statement and audit evidence.

THE IMPACT OF ICT ON ACCOUNTING PRACTICE

Information and Communication Technology needs not be over emphasis as people needs and relies on information systems to communicate effectively using physical devices Hardware e.

ICT does not have a resulting effect in the performance of audit exercises. Although it has been that IT plays an important role in accounting field, few studies have been performed on relationships between them.

Does the use of ICT have a resulting impact on the on the performance of audit exercise? By so doing, a synergistic relationship arising from such teamwork hold great potential to yield high-quality research results that can have notable impact on the accounting profession.

In this regard, accountants add little incremental value to organization, but now accountants worth is reflected in higher-order critical-thinking skills, such as designing business processes, developing financial strategies, designing e-commerce models, providing independent assurance to companies and individuals.

There is relationship between the introduction of information and communication technology and efficiency in accounting practice 1. Accounting information system AIS is a system of collection, storage and processing of financial and accounting data that is used by decision makers.

Has the introduction of information and communication technology improve accounting practice? The level of ICT investment by firms obtained will help our result to be generalized and practice. As a result, IT plays a vital role in new trade, especially with respect to accounting performance Efendi et al.

Transaction that would have taken an accountant months or years to prepare would be done quickly and faster and thereby cutting high cost that would have resulted in preparing these reports Pricewaterhousecoopers, June The chapterwill review the related literatures with critical review of the conceptual framework, the review of prior study as related to the software, the impacts of ICT at various level, the benefits of ICT.

During past decades, role of IT has changed in relation to how corporations manage and control their resources Teng and Calhoun, Are they any challenges faced by accounting practices as a result of the adoption of ICT?The Impact of Ict on Accounting Practice in Nigeria.

The impact of ICT on accounting practice in Nigeria CHAPTER ONE Introduction Background of the study In the recent past centuries, before the inception of Information and Communications Technology (ICT), the accountants of an organization were using a socially acceptable behavioural method of reporting accounting.

Due to the ambiguity of accounting practice in both big and small affirms across the country Nigeria, this research which looks into the impact of ICT on accounting practice will be streamlined tothe accountants and audit departmentsof First Bank of Nigeria PLC, Isolo Branch and Lagos State Ministry of Finance, killarney10mile.com will consist of.

Our depot contains over 15, free research papers. Read our examples to help you be a better writer and earn better grades! on the Impact of Accounting Information on Accounting Theory and Practice Yang Fuhong School of Finance, Shandong Polytechnic University, Jinan, China, Keywords: Accounting Information; Accounting Theory; Accounting Practice Abstract.

This research into the impact of ICT on accounting practice covers a reasonable numbers of accounts and audit departments in Benue State, Makurdi. It will consist of accountants in the accounting and audit department of United Bank for Africa(UBA) Makurdi Branch, Benue State Ministry of Finance, Office of the Accountant General.

Get access to The Impact Of Ict On Accounting Practice In Nigeria c Essays only from Anti Essays. Listed Results 1 - Get studying today and get the.

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Impact of ict on accounting practice in nigeria
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