Management Accounting Information System and the Financial Performance of Consumer Goods Firms in Nigeria (original) (raw)
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Impact of Accounting Information System on the Performance of Firms in Nigeria
European Journal of Science, Innovation and Technology, 2023
Since the advent of decision-making generated process through accounting information system, its effectiveness in the tracking of accounting activities in private firms' performance has not been fully established. This study, thus, seeks to examine the impact of Accounting Information System (AIS) on the financial and non-financial performance of firms in Nigeria. The study adopted survey research method through structured questionnaire. Purposive sampling technique was used in the determination of the sample from the population of practising auditors. Data were analysed using descriptive and inferential statistics, through logistic regression analysis. The study revealed that accounting information system, proxied by internal control, information quality and cost reduction, has a positive and significant effect on the performance of firms in Nigeria. The study recommends among other things that private companies should ensure that accounting information systems are used consistently in order to keep up with changing technological breakthroughs.
2020
The research work focuses on the role of accounting information systems on organizational performance (A study of Nigerian Bottling Company, 9 th Mile corner, Enugu). The objective was to: determine the extent to which accounting information enhances profitability of Nigeria Bottling Company. The researchers used survey research design. The population of the study is 140, while the sample size is 104 which was determined using the Taro Yamane Formula. It was found that the accounting information system had positive significant effect on the profitability of Nigeria Bottling Company, with (x 2 cal= 40.72>(x 2 tab) = 7.81). it was concluded that it is imperative that accounting information system is inevitable in the overall performance of the organization. With proper accounting information systems it can help the organization plan and making far reaching decisions that will help organization achieve competitive advantage. It was recommended that accounting information system sho...
EFFECTS OF ACCOUNTING INFORMATION SYSTEM ON ORGANIZATION PERFORMANCE IN NIGERIA
INTERNATIONAL JOURNAL OF SOFTWARE ENGINEERING & COMPUTER SYSTEMS (IJSECS), 2020
This paper examines accounting information system on performance of corporate organizations in Nigeria. The role of professionals in accounting, information technology and academics were explored. To attain the aim of the study, 30 questionnaires were administered and 25 retrieved which was analysed and the single factor ANOVA technique was used to test the hypothesis. Findings from the research depicted accounting information systems have a positive impact on corporate organizations performance in Nigeria because the observed F of 251.43 obtained was greater than F critical value of 2.74. As recommended, corporate organizations should massively invest in accounting information system, adopt merit-based recruitment and ensure periodic training of accounting information systems personnel.
Australian journal of business and management research, 2013
This study tends to critically examine the impact of accounting information system in assisting organizations in making sound and effective decision. The major source of data to this research is primary data through the administration of questionnaires. Regression analysis and Karl Pearson's correlation was used for the data analysis. The findings show that accounting information system is an indispensable tool in decision making in today's turbulent world. Organizations are however, advised to invest on information technology tools as it improve their efficiency, effectiveness and their overall performance.
ACCOUNTING INFORMATION SYSTEM AND FINANCIAL PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN NIGERIA
Olatunji Peter Olukunmi, 2021
The broad objective of this study is to examine Accounting Information System and Financial Performance of SMEs in Nigeria. The Study employed structured questionnaire as the research instrument to collect data. Data collected were presented using simple percentage and table while chi-square (X2) a non-parametric statistical tool was used to test the hypothesis formulated to achieve the objective of the study. The result revealed that timeliness of Accounting Information System has a significant impact on Financial Performance of SMEs; the result revealed that the feedback of AIS has a significant impact on Financial Performance of SMEs in Nigeria; the result revealed that accuracy of AIS has significant impact on Financial Performance of SMEs in Nigeria. The study recommended that since AIS has significant impact on Financial Performance of SMEs should do sound accounting practices to their operation so as to enhance their financial performance.
The purpose of this study is to assess the impact of accounting information systems on small and medium enterprises (SMEs) in Nigeria, using Osun State as a case study. The research method used in this study was descriptive research. Ten (10) SMEs with a population (staffs) of 780 were chosen for sample size from the thirty-seven (37) registered SMEs in Osun State. A total of 264 people were chosen from ten SMEs with a total population of 780 people. For this study, primary data was employed, and 264 questionnaires were distributed to SMEs in Osun State. The frequency distribution, percentages, mean, and standard deviation were used to examine the data. The chi-square test was used to examine hypotheses. The study discovered that using an accounting information system leads to better financial reports and decision-making. The study discovered a link between the deployment of an accounting information system and better credit access. According to the findings, there is a strong link between present accounting methods and the performance of SMEs. In addition, accounting information systems have a substantial impact on SMEs' performance, and the usage of accounting data has a considerable impact on SMEs' access to credit.
Journal of Finance and Marketing
This study examined the relationship between accounting information and management decision with emphasis on the effect of accounting information on economic order quantity decision, human resources management decision and marketing decision of selected manufacturing organizations. Data were sourced primarily with the aid of structured questionnaire from one hundred and fifty top management staff statistically selected from the selected manufacturing companies in Osun State, Nigeria. Empirical research designs and inferential analysis were carried out with the aid of statistical package for social sciences (SPSS version 20). The t-test results carried out confirmed a positive relationship between accounting information and management decisions in manufacturing organizations. Based on this, the study recommends that adequate awareness and effective utilization of various accounting tools should be incorporated into decision making processes as this will impact on human resources investment and enhance appropriate strategies for introduction of new products into markets.
THE EFFECT OF USING THE ACCOUNTING INFORMATION SYSTEM IN IMPROVING THE ORGANIZATION'S PERFORMANCE
This paper evaluates the importance of accounting information systems (AIS) and information technology in accounting practices. Previous findings revealed that many firms are losing vast amounts of money on processing accounting information. Additionally, the management of these companies does not have access to real-time financial information for decision making and financial forecasting. There is a need, therefore, to assess the importance of AIS in the accounting department of a firm. This study employed qualitative and quantitative research methods to collect and analyze research data. In total, 19 participants drawn from 7 companies within the Zakho district met the eligibility criteria, which required that participants be owners or employees of the selected companies. The results showed that many companies within the Zakho district have deployed AIS and are carrying out accounting practices faster. There is proper planning and coordination of financial information and thus efficiency in decision making.
The study investigated management information and accounting system and organizational Performance in Nigeria. The study adopted the empirical survey research design. A convenient sampling was used to select South West from the geopolitical zones and Oyo State from the states in the South West zone, and a total of one hundred (100) respondents were selected for the study. Information and data were obtained through the help of the questionnaire. The questionnaire was validated and tested through the Cronbach Alpha, and provided a reliability analysis of 0.75. Data obtained were analysed using the SPSS and statistical tools used were frequency, percentage, Spearman’s Correlation and binary logistic regression analysis. The findings of the study revealed that organisation in Nigeria have low and poor culture towards the deployment and use of Management accounting and information systems. Some demographic characteristics were observed to be significant in the use of MAS, while none was significant in the use of MIS. Furthermore, there was no significant relationship between management accounting systems and management information systems (p>0.05). There was no significant relationship between management accounting systems and organizational performance (p>0.05). There was no significant relationship between management information systems and organizational performance (p>0.05). The use of Management Information systems in organization does have significant influence on the effectiveness of management accounting system used (p<0.05). The study recommended that organizations in Nigeria should deploy and use management accounting and information system to enhancing their business performance and also making it globally competitive especially in this competitive environment.
Effect of Accounting Information System on Financial Performance of Firms: A Review of Literature
IOSR Journal of Business and Management (IOSR-JBM), 2019
Accounting information system is an absolute tool in the hands of managers striving to remain in a competitive advantage amidst the rapid technological advancement, increased awareness and challenging demands from customers and business owners. This review examines the effect of accounting information system on financial performance of firms. The main objective is to review conceptual and theoretical foundations as well as empirical literature relating to accounting information system and financial performance of firms. Findings from the review reveals that past studies on effect of accounting information on financial performance limitedly aligned their works to the cost implication of accounting information system as it relates to financial performance of firms. This review also found that most of the studies employed the use of survey research design to examine this relationship and majority of the studies were carried out in advanced economies where computerized accounting system techniques have been accepted to a large extent. This review therefore recommends further research into this area to fill the gap in literature.