Computerized Accounting Systems and Decision Making in Manufacturing Companies in Uganda: A Case Study of Roofing’s Uganda Limited
Loading...
Date
2019-03
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics and Management.
Abstract
The study was set to establish the effect of computerized accounting systems and decision making of Roofing’s Uganda limited. The objectives were to examine the effect of data validation on decision making, to assess the effect of financial security on decision-making in Roofing’s Uganda Limited and to find out the effect of storage and accuracy on decision-making in Roofing’s Uganda limited. The data was collected from 40 respondents who provided the data through the use of closed ended questionnaires; the results reveal that computerized accounting system influence decision making of Roofing’s Uganda Limited. The study concludes that data validation can generate improved decision making if well harnessed in the organization, only the authorized users are permitted to have access to accounting data. The study on the second objective concludes that financial security had no much relationship with decision making, the study conclude that the financial controls could be weakened. On the third objective effectiveness in computerized accounting storage and accuracy leads to improvement in the decision-making of the selected telecommunication companies as regards to the need for achievement, ability to focus and pursue a goal and optimism. Thus, any variation in the effectiveness of accounting information will lead to improvement in the effectiveness of decision-making. The researcher recommends that management of organization together with their accountants should ensure that data validation matches the current universal standards as computerized accounting systems in the selected telecommunication companies cannot still compare the same input data with some predefined standards or known data. This can be done by through consultation with experts in the field and if it is put in place will minimize the existing loopholes in the companies and lead to improvement in financial profitability, with the help of experts in accounting, it can be well processed to make use of the Query facility to produce desired information. If this gap is also filled in, cases of false financial information and reporting are likely to be minimized at higher level thus realization of higher decision-making level will be witnessed among the selected telecommunication companies. The company should be discreet and rely on neutral position while making decisions. This is because excessive optimism hurdles acknowledging some risks and may lead to serious damage on the business and even to its complete failure while making decisions.
Description
A Research Report Submitted to College of Economics and Management in Partial Fulfillment of The Requirements for The Award of The Degree of Business Administration Accounting and Finance of Kampala International University
Keywords
Computerized Accounting, Decision Making, Manufacturing Companies