Impact of Accounting Information System on the Performance of Firms in Nigeria
Keywords:
Accounting information system, Cost reduction, Information quality, Internal control, Performance
Abstract
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.
References
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Nashat, A. A., Rana, M. A., Abeer, I. S., Mohammed, S. & Talal, S. J. (2021). The Role of Accounting Information Systems in Enhancing the Quality of External Audit Procedures. Journal of Management Information and Decision Sciences, 24(7).
Oday, J. A., Nor, H. A. & Azam, A. K. (2018). The Effect of Accounting Information System on Internal Audit Effectiveness: Testing the Moderating Role of Experience. Journal of Advanced Research in Dynamical & Control Systems, 10(10).
Olaofe-Obasesin, M. O., Akanni, W. A., Ekundayo, O., Ajibola, O. & Ajibola, F. (2020). Effects of accounting information system on organisation performance in Nigeria. International Journal of Software Engineering & Computer Systems (IJSECS), 6(2), 18-22. Doi.org/10.15282/ijsecs.6.2.2020.3.0072
Trabulsi, R. U. (2018). The Impact of Accounting Information Systems on Organizational Performance: The Context of Saudi SMEs. International Review of Management and Marketing, 8(2).
Wu, Y. & Dhamayanthi, A. (2021). The Impact of Accounting Information System on Organizational Performance in China. Electronic Journal of Business and Management, 6(4).
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Aws, A. O; Mohd, S. A.; Manaf, A. O.; Wan, N. S. & Azwadi, A. (2020). Measuring Success of Accounting Information System: Applying the Declone and Mclean Model at the Organization Level. Journal of Theoretical and Applied Information Technology, 98(14).
Bataineh, A. (2018). The Effect of Using Computerized Accounting Information systems on reducing production costs in Jordanian Pharmaceutical Companies. International Journal of Business and Management Invention (IJBMI), 7(7).
Borhan, O. & Bader, O. (2018). Investigating the Impact of Accounting Information System on the Profitability of Jordanian Banks. Research Journal of Finance and Accounting, 9(18).
Daniel, N. (2022). Stakeholder Relations Perspectives in Managing Nigeria’s Rising Crimes. Randwick International of Social Sciences (RISS) Journal, 3(1).
Enyi, P. E., Akintoye, R. I. & Akinrinola, O. O. (2019). Accounting information system and financial performance of deposit money banks in Nigeria. International Journal of Business & Management, 7(3), 87-96. DOI: 10.24940/theijbm/2019/v7/i3/BM 1903-021
Firars, A. N. (2018). The Impact of the Use of Accounting Information Systems on the Quality of Financial Data. International Business Research, 11(5).
Ganyam, A. I. & Ivungu, J. A. (2019). Effect of accounting information system on financial performance of firms: a review of literature. IOSR Journal of Business and Management (IOSR-JMB), 21(5, VII), 39-49. DOI:10.9790/487X-2105073949
Hussaini, U. & Muhammed, U. D. (2018). The Effect of Internal Control on Performance of Commercial Banks in Nigeria. International Journal of Management Research and Review, 8(6).
Ironkwe, U. I. & Nwaiwu, J. N. (2018). Accounting information system on financial and non-financial measures of companies in Nigeria. International Journal of Advanced Academic Research, Business Development & Management, 4(2), 39-55.
Kashif, B. (2018). Impact of Accounting Information System on the Financial Performance of Selected FMCG Companies. Asian Journal of Applied Science and Technology, 2(3).
Kayed, A. A. (2021). The Effect of Accounting Information System on Corporate Governance. Accounting, 7.
Letizia, S. & Bambang, S. (2022). Influence of Accounting Information System, User Intention of Accounting Information System, and Job Satisfaction on Employee Performance at Banco Nasional Comercio Timor Leste. Proceeding 2nd International Conference on Business and Social Sciences, March 5-6th, 2022.
Manchilot, T. (2019). Science Journal of Business and Management. A Review on Determinants of Accounting Information System Adoption, 7(1).
Meiryani, Yuliana, L., Mohamad, H. & Dianka, W. (2020). Usefulness of Accounting Information Systems for Businesses. Sys Rev Pharm, 11(12).
Mohammed, A. B. & Aiman, M. A. (2020). The Role of Accounting Information System in reducing the indirect Industrial Costs: Analytical Study to the Survey of Workers in Jordan Chemical Industries Co. Academy of Accounting and Financial Studies Journal, 24(5).
Muhannad, A. A. & Seif, O. A. (2019). The Effect of Accounting Information System on Organizational Performance in Jordanian Industrial SMEs: The Mediating Role of Knowledge Management. International Journal of Business and Social Science, 10(3).
Nashat, A. A., Rana, M. A., Abeer, I. S., Mohammed, S. & Talal, S. J. (2021). The Role of Accounting Information Systems in Enhancing the Quality of External Audit Procedures. Journal of Management Information and Decision Sciences, 24(7).
Oday, J. A., Nor, H. A. & Azam, A. K. (2018). The Effect of Accounting Information System on Internal Audit Effectiveness: Testing the Moderating Role of Experience. Journal of Advanced Research in Dynamical & Control Systems, 10(10).
Olaofe-Obasesin, M. O., Akanni, W. A., Ekundayo, O., Ajibola, O. & Ajibola, F. (2020). Effects of accounting information system on organisation performance in Nigeria. International Journal of Software Engineering & Computer Systems (IJSECS), 6(2), 18-22. Doi.org/10.15282/ijsecs.6.2.2020.3.0072
Trabulsi, R. U. (2018). The Impact of Accounting Information Systems on Organizational Performance: The Context of Saudi SMEs. International Review of Management and Marketing, 8(2).
Wu, Y. & Dhamayanthi, A. (2021). The Impact of Accounting Information System on Organizational Performance in China. Electronic Journal of Business and Management, 6(4).
Yakubu, N., & Dasuki, S. (2018). Measuring e-learning success in developing countries: applying the updated DeLone and McLean model. Journal of Information Technology Education: Research, 17(1), 183-203.
Published
2023-06-13
How to Cite
Akinadewo, I. S., Donatus, L. B., Akinadewo, J. O., Jabar, A. A., & Adebiyi, I. M. (2023). Impact of Accounting Information System on the Performance of Firms in Nigeria. European Journal of Science, Innovation and Technology, 3(3), 56-68. Retrieved from https://ejsit-journal.com/index.php/ejsit/article/view/197
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Copyright (c) 2023 Israel S. Akinadewo, Lovina B. Donatus, Jeremiah O. Akinadewo, Adebola Abass Jabar & Ifeoluwa M. Adebiyi
This work is licensed under a Creative Commons Attribution 4.0 International License.
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