The effects of computerized accounting on financial performance in banks: a case study of Centenary Bank, Ishaka branch
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Date
2018-09
Authors
Journal Title
Journal ISSN
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Publisher
Kampala International University, College of Economics and Management
Abstract
This study is sought to examine the effects of computerized accounting on financial
performance in banks. The study used a case study of Ishaka Branch centenary Bank,
research design and both quantitative and qualitative methods were used to collect data.
The sampling was purposive and simple random sampling techniques that were used to
collect data from respondents of any category. The research findings indicated that the
possibility of making errors as a result of computerized accounting is generally low.
The Findings also indicated that computerized accounting affects profits making at
Centenary bank. This was reached upon through an interview with Head of IT
Department of lshaka branch. He sighted some areas where computerized accounting
assists in profit making like aiding in forecasting, and accounting financial ratios.
Findings indicated that quality financial reports are as a result of the use of
computerized accounting systems but if there is one thing to reckon over and over, it is
the fact that there is need to keep the standard high as already set. And Lastly, Findings
showed that there is cost reduction as a result of computerized accounting. This is
affiliated to the cost reduction as was highlighted through an interview with the Head of
IT department.
Description
A research report submitted to College of Economics and Management in partial fulfillment of the requirements for the Award of a Degree of Bachelor of Business Administration in Accounting and Finance of Kampala International University
Keywords
computerized accounting, financial performance