EFFECT OF E-ACCOUNTING SYSTEMS IN FINANCIAL PERFORMANCE OF QUOTED DEPOSIT BANKS IN NIGERIA

Dr. Callista Ukamaka Uchegbu; Dr. Yusuf Ibrahim Karaye; Dr. Peace Chioma Umenzekwe

Authors

Dr. Callista Ukamaka Uchegbu Department of Accountancy, Faculty of Management Sciences, Nnamdi Azikiwe University Awka, Anambra State.
Dr. Yusuf Ibrahim Karaye Department of Accounting, Faculty of Management Sciences, Federal University Dutse, Jigawa State
Dr. Peace Chioma Umenzekwe Department of Accountancy, Faculty of Management Sciences, Nnamdi Azikiwe University Awka, Anambra State.

Keywords:

E-Accounting Systems, Financial Performance, Deposit Money Banks, Return on Assets, Bank Performance

Abstract

This study examines the effect of e-accounting systems in financial performance of quoted deposit banks in Nigeria. The specifics objectives of the study are to investigate the effect of point of sale (POS), examine the effect of automated teller machine (ATM) and evaluate the effect of mobile banking (MOB), all on return on asset (ROA) of deposit bank in Nigeria. Primary data was used in this study and chi-square analysis was used to analyze the data. The study adopted a descriptive research design. A purposive sampling technique was employed to select a sample size of eight (8) from 14 quoted deposit banks with a complete data for the ten (10) year period ranging from 2014-2023. The study found out that adopting an electronic accounting system has significantly improved the financial performance of quoted deposit banks in Nigeria, as banks are more profitable and engaged their clients with their electronic transactions. From our analyses and findings, the study therefore recommends that adoption of computerized accounting information system is advisable for all banks in a bid to ensure correctness in reporting and general record management as enterprises that had this system showed an increase in return on investment, Government should introduce foreign technology from advance and developed country into the Nigeria banking industry and banks that make use of the e-accounting will be more and more globalised, direct and cyberspace oriented. And CBN should make it mandatory for banks staff to embrace e-accounting and also to undergo feasibility study on electronic accounting.

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EFFECT OF E-ACCOUNTING SYSTEMS IN FINANCIAL PERFORMANCE OF QUOTED DEPOSIT BANKS IN NIGERIA

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