EFFECTS OF DIGITAL ACCOUNTING PRACTICES ON THE FINANCIAL PERFORMANCE OF QUOTED DEPOSIT MONEY BANK IN NIGERIA

Abstract The research work was aimed at determining the effects of digital practices on the financial performance of quoted deposit money banks in Nigeria. A descriptive survey research design was adopted for this research study and a sample size was selected using Purposive Random Sampling technique as data used were obtained from primary source. Four (4) research questions were asked and four hypotheses were formulated. The population of this study comprise of 250 respondents of which all was correctly filled and returned and the instrument used for this study was questionnaire. The questionnaire administered was on a face to face basis to respondents directly by the researcher. Percentage count was used to answer the research questions while regression was used to test the hypotheses. The findings from the analysis indicated that the significant deployment and usage of online banking services are strongly correlated with increased profitability and revenue growth among Nigerian DMBs, increased ATM penetration has a significant effect on banks’ cost-to-income ratios and overall financial efficiency, Digital engagement has a positive impact on customer acquisition and retention in banking institutions and quoted deposit money banks do not face significant challenges in implementing effective digital banking practices.