INFORMATION AND COMMUNICATION TECHNOLOGY (ICT) AND ACCOUNTING PRACTICE IN NIGERIA: AN EMPIRICAL INVESTIGATION
Keywords:
Information and Communication Technology (ICT), Accounting practice (AP), NigeriaAbstract
This paper empirically investigated the influence of Information and Communication Technology (ICT) on accounting practical (AP). Data were drawn from accountants in accounting firms and the private and public sectors using questionnaire. Analyses were performed by means of descriptive statistics, Pearson’s product moment coefficient of correlation and multiple regression with the statistical packages for social sciences (SPSS). Findings indicate a statistically significantly strong positive relationship between ICT and AP. Results of descriptive statistics indicate that power constrains this relationship by 66.73%. Similarly, financial accounting has a greater percentage (48.1%) of ICT usage than auditing and taxation. ICT is a prime factor for improved AP. Investment in power is a prerequisite for organizations to take full benefit of ICT, particularly, in AP.
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