Effect Of Information And Communication Technology On The Accounting Processes Of Financial Institutions (A Study Of Selected Banks In Umuahia Abia State)
ABSTRACT
Information and communication technology (ICT)
has taken the centre stage in almost every aspect of human endeavor and the
banking industry is not left out. This research is aimed at assessing the
effect of information and communication technology on the accounting processes
of banks and other areas in the industry. The researcher used five selected
banks; Access bank plc, Eco bank plc, First bank plc, Diamond bank and Zenith
bank all located in Umuahia, Abia state to ascertain the implications of this
development in the sector. A structured questionnaire, observations and
interviews were used to obtain data from the accessible population of the
selected banks which was analyzed using simple percentage and chi-square. The
result indicates that the application of ICT has a significant and positive
effect on the accounting processes of Nigeria financial institutions. It was
also discovered that ICT adoption in banks has improved customers' services, facilitated
accurate records, provides for home and office banking services, ensures
convenient business hour, prompt and fair attention and enhances faster
services. The application of ICT also improves the image of banks and has led
to wider, faster and more efficient market; it has also made work easier and
more interesting. From the fmdings of the study, it is recommended that ICT.
application in banks be innovatively consoli4atedand improved upon with
specific reference to network, security, user accessibility, worker education
and training and provision of ICT Back-up Data storage system.
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AZUBUIKE, J (2021). Effect Of Information And Communication Technology On The Accounting Processes Of Financial Institutions (A Study Of Selected Banks In Umuahia Abia State). Mouau.afribary.org: Retrieved Nov 28, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-information-and-communication-technology-on-the-accounting-processes-of-financial-institutions-a-study-of-selected-banks-in-umuahia-abia-state-7-2
JANE, AZUBUIKE. "Effect Of Information And Communication Technology On The Accounting Processes Of Financial Institutions (A Study Of Selected Banks In Umuahia Abia State)" Mouau.afribary.org. Mouau.afribary.org, 17 Nov. 2021, https://repository.mouau.edu.ng/work/view/effect-of-information-and-communication-technology-on-the-accounting-processes-of-financial-institutions-a-study-of-selected-banks-in-umuahia-abia-state-7-2. Accessed 28 Nov. 2024.
JANE, AZUBUIKE. "Effect Of Information And Communication Technology On The Accounting Processes Of Financial Institutions (A Study Of Selected Banks In Umuahia Abia State)". Mouau.afribary.org, Mouau.afribary.org, 17 Nov. 2021. Web. 28 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-information-and-communication-technology-on-the-accounting-processes-of-financial-institutions-a-study-of-selected-banks-in-umuahia-abia-state-7-2 >.
JANE, AZUBUIKE. "Effect Of Information And Communication Technology On The Accounting Processes Of Financial Institutions (A Study Of Selected Banks In Umuahia Abia State)" Mouau.afribary.org (2021). Accessed 28 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-information-and-communication-technology-on-the-accounting-processes-of-financial-institutions-a-study-of-selected-banks-in-umuahia-abia-state-7-2