IMPACT OF INFORMATION AND COMMUNICATION TECHNOLOGY ON ACCOUNTING PRACTICES IN NIGERIA

This study evaluates the relationship between ICT and accounting practices in Nigeria. ICT has a profound impact on financial performance, influencing organizational decision-making, strategic planning, and ultimately, bottom-line results. It significantly enhances financial transaction efficiency, facilitating streamlined processes, reduced errors, and improved accuracy, thereby bolstering overall financial management. The research instruments employed in this study is a closed ended structured questionnaire administered to the staff members of the selected companies. The data collected and gathered from the research instrument employed, are analyzed using chi-square statistical tool, a non-parametric test used to determine whether a systematic relationship exists between two (2) variables. The statistical package for social science (SPSS) is employed for the data analysis. The result generated from the study, indicates that there is significant statistical relationship between ICT and accounting practices in Nigeria. These findings underscore the critical role of ICT in modernizing accounting practices, enhancing productivity, and driving business growth in Nigeria. The study's outcomes have significant implications for professionals, organizations, and policymakers, highlighting the necessity of ICT integration and expertise development in the accounting sector. The study concluded that a positive and strong relationship of ICT has an impact on accounting practices in Nigeria. ICT infrastructure is the key to rapid economic and social development of a country, which has also impacted on accounting practices in one way or the other.