Computerized accounting and financial reporting a case study of stanbic bank lions place, Waiyaki way branch Nairobi, Kenya
Loading...
Date
2013-12
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics and Management
Abstract
This study was based on computerized accounting and financial reporting at Stanbic Bank, Lions Place, Waiyaki Way Branch. The objectives of the study were; to determine the uses of a computerized accounting information system, to find out the pros and cons of computerized accounting to financial institutions, and to establish the qualities of financial reports generated by computerized accounting system. The researcher used qualitative and quantitative research designs with a sample of size 80 respondents. Both primary and secondary data were used and the data collection methods were questionnaires, observation interviews and investigative procedures. The study established that computerized accounting had a great impact on quality of financial reports and that many financial statements were generated through the computerized accounting system. The findings shows a strong significant positive relationship between the variables (r=0.861**, p>0.01) which implies that computerized accounting and financial reporting at Stanbic Bank Kenya are strongly related. The computerized accounting system is of a great importance to the running of the company but is also associated with its own weaknesses that hinder efficiency in the company's business environment. A continuous culture of utilizing a computerized accounting system is recommended.
Description
A research report submitted to the College of Economics and Management Kampala International University in partial fulfillment of the requirement for the Award of the Degree of Bachelor of Business Administration
Keywords
Computerized accounting, Financial reporting, Stanbic bank, Nairobi,Kenya