EFFECT OF COMPUTERISED ACCOUNTING INFORMATION SYSTEM ON THE QUALITY OF FINANCIAL REPORTS: EVIDENCE FROM IBOM GOLF RESORT

ABSTRACT The importance of computerized system in enhancing the quality of accounting information cannot be overstated. The advent of computers have brought about numerous benefits to the financial accountants. Therefore this study examined the effect of computerized accounting system on the quality of financial reports of Ibom Golf Resort. However, the specific objectives were to ascertain the effect data integration and connectivity on the quality of financial report in Ibom Golf Resort, to examine the effect of information security on quality of financial report in Ibom Golf Resort and to investigate the effect of data accuracy on reliability of financial reports in Ibom Golf Resort. The study employed a survey research design and adopted a sample of 27 key management staff in Ibom Golf Resort. The data collected were analyzed using descriptive statistics, analysis of variance and multiple regression analysis via SPSS 25.0 statistical package. The study findings revealed that data integration and connectivity have a significant positive effect (Coeff. =0.358{0.003}) on the reliability of financial reports of Ibom Golf Resort while information security has an insignificant negative effect (Coeff. =0.170{0.451}) on the reliability of financial reports of Ibom Golf Resort. It also revealed that data accuracy has a significant positive effect (Coeff. =0.218{0.001}) on the reliability of financial reports of Ibom Golf Resort. It was thus concluded that computerized accounting systems have a significant effect on the quality of financial reports of Ibom Golf Resort at 5% level of significance. The study recommended, amongst others that the university should invest in improving the integration and connectivity of its computerized accounting system to enhance the reliability of financial reports.