Computerized accounting and financial reporting in financial institutions in Uganda a case study of Stanbic bank, Wandegeya branch:
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Date
2019-05
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Publisher
Kampala International University, College of Economics and Management.
Abstract
The study sought to examine the computerized accounting and financial reporting in financial
institutions in Uganda: A case study of Stanbic Bank, Wandegeya Branch. The study objectives
were; to establish the computerized accounting systems being used at Stanbic Bank,
Wandegeya Branch, to establish the contributions of computerized accounting on financial
reporting at Stanbic Bank, Wandegeys Branch and to examine the relationship between
computerized accounting and financial reporting at Stanbic Bank, Wandegeya Branch. For the
purpose of this study, a ease descriptive research design was adopted to evaluating the
computerized accounting and financial reporting at Stanbic Bank, Wandegeya Branch. Both
quantitative and qualitative research approaches were applied. The study was carried from
Stanbic Bank, Wandegeya Branch. The total sample size was 50 respondents. In this study, the
target population of 58 involved Top managers of Stanbic Bank, Bank tellers of Stanbic Bank,
Internal Auditors and Other bank’s support staff. Purposive sampling were also used to select
only respondents for the researcher to attain the purpose ofthe study. Other support staffofthe
Bank were randomly selected to give each an equal chance of representation All respondents
were assumed to have vital information on the subject matter of the research. Respondents who
were willing to participate were approached. Data was collected from primary and secondary
sources using questionnaires and interviews. After collecting data, the researcher organized weIl 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. The
study findings revealed that the sample constituted of 50 respondents of which 66% were males
and the 34% remaining were females. This implies that males are the majority. The study
concludes that Quick Books was designed to manage payroll, inventory, sales and other needs
of a small business. The soft wares features include niarketing tools, merchant services, product
and supplies, training solutions. The study recommends that the bank should prompt and
encourage its users to always change their passwords within the accounting period. The
frequent change of passwords and the combination features will help curtail the limitations of
using password as authentication control. In the bank’s effort to prevent the incident of
commitment and concealment of fraud among their employees, the accounting duties should
be segregated among bank staffs Thus, the Computerized Accounting System should not allow
a single person to enter data, post and authorize transaction.
Description
a research report submitted to the college of economics and management department of accounting and finance in partial fulfillment of requirements for the award of the bachelor’s degree in business administration (accounting and finance) of Kampala international university.
Keywords
computerized accounting, financial reporting, financial institutions