EFFECT OF ACCOUNTING SOFTWARE ON THE FINANCIAL REPORTING OF CORPORATE ORGANIZATION SOUTHEAST NIGERIA.

Abstract

The study examined the effect of Accounting Software on the Financial Reporting of Corporate Organizations in Southeast Nigeria. The specific objective of the study sought to, examine the effect of Enterprise Resource Planning Software (ERP) and evaluate the effect of Commercially-Available Software on the Financial Reporting of Corporate Organizations. The study adopts a research survey design. Primary data was adopted for the study. A well-structured questionnaire that included multiple-choice and open-ended questions was used to collect data. The predictor variables are all measured using 5-point Likert scales.  The Mann-Whitney test was used to evaluate the data. It is a non-parametric test designed to evaluate any issue's initial and subsequent effects. The result revealed that enterprise resource planning software (ERP) has a statistically significant effect on financial reporting with the coefficient result of (U=17.28, p < 0.05), while the commercially available software (CAS) also has a statistically significant effect on the financial reporting with the coefficient result of (U=18.004, p=0.014) of corporate organization in southeast Nigeria. We therefore concluded that accounting software has a significant positive effect on the financial reporting of Corporate Organizations in Southeast Nigeria. We recommended that corporate organizations in south East should endeavor to adopt accounting software since it has a significant positive effect on the financial reporting of Corporate Organizations and other parts of the country.

Keywords: Accounting, Corporate, Financial, Reporting, Software