Computerized accounting and financial reporting a case study of stanbic bank garden city branch

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Kampala International University, College of Economics and Management
This study was based on computerized accounting and financial reporting at Stanbic Bank, garden City Branch. The objectives of the study were; to determine the uses of a computerized counting 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 counting system. The researcher used qualitative and quantitative research designs with a sample of size 15 respondents. Both primary and secondary data were used and the data collection methods were questionnaires, observation interviews and investigative procedures. 1e study established that computerized accounting had a great impact on quality of financial po1is and that many financial statements were generated through the computerized accounting •stem. The findings shows a strong significant positive relationship between the variables =0.861 **, p>0.01) which implies that computerized accounting and financial reporting at stanbic Bank Uganda are strongly related. lie computerized accounting system is of a great importance to the running of the company but 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.
A research report submitted to College of Economics and Management Sciences in partial fulfillment of the requirement for the award of the Degree of Bachelor of Business Administration-accounting and finance of Kampala International University-Uganda
Computerized accounting, financial reporting, stanbic bank, garden city branch