Accoltinting information systems on profitability of petroleum companies in Uganda: a case study of Hass Petroleum, Wandegeya Branch, Kampala
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Date
2019-06
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Publisher
Kampala International University, College of Economics & management.
Abstract
The study sought to examine accounting information systems on profitability of petroleum companies in Uganda: a case study of Mass Petroleum, Wandegeya Branch, Kampala. The study objectives were; to determine the benefits of accounting information system in Hass Petroleum, Wandegeya Branch Kampala-Uganda, to establish the challenges filing the use of accounting information n system in Plass Pthvkum, Wandegeya Branch Kampala Uganda and to examine the relationship between accounting information systems and profitability in Hass Petroleum, Wandegeya Branch Kampala-Uganda. The study was based on a correlational research design. The qualitative approach was used to collect and analyze data on the study topic. This design was used because it brought out clearly the relational, between the two variables. Quantitative approach was used in data collection and analysis and general Information on the subject matter was collected from the different stakeholders involved in the study. The study population involved 58 participants where 4 top administrators of Hass Petroleum, 6 marketing officers, 5 accounts and finance department officials and 43 clients. A sample size of 50 respondents was determined through purposive and random sampling methods. Data was collected am primary and secondary sources using questionnaires. After collecting data, the researcher organized well-answered questionnaire, data was edited and sorted for the next stage. The data was presented in tabular form, pie charts and bar graphs with frequencies and percentages. It was found out that 4% of the respondents strongly disagreed, 14% of the respondents disagreed, 18% of the respondents were not sure, 44% agreed and the remaining 20% of the respondents strongly agreed that computerized financial information systems are faster and more efficient in processing data. This applies that majority of the respondents were of the view that Accounting information systems simply work since they are faster and more efficient. The study concludes that computerized financial information systems are faster and more efficient in processing data. The use of hardware such as scanners automatically generates accounting information without nwch ado, the information is available almost immediately. The study recommends that Accounting Information System department is a sensitive area with any organization, it is necessary that employees should always be provided constant refresher training so as to clearly understand the use and operation of the system to increase on their skills and expertise in handling and managing information systems.
Description
A research report submitted to the College of Economics and Management in partial fulfillment of requirements for the Award of Bachelor’s Degree in Business Administration in Finance and Accounting of Kampala international university
Keywords
Accoltinting Information Systems, Profitability, Petroleum Companies