Effects of Computerised Accounting Procedures on the Quality of Financial Reporting of Crop Boards in Kilimanjaro
Medani Bagege1, Nyanjige Mayala2, Amembah A. Lamu Amos3
1Medani Bagege, Department of Economic and Business Studies (DEBS), Mwenge Catholic University (MWECAU), Moshi, Tanzania.
2Nyanjige Mayala, Department of Economics and Business Studies, Mwenge Catholic University (MWECAU), Moshi, Tanzania.
3Amembah A. Lamu Amos, Deppartment of Economics and Business Studies, Mwenge Catholic University (MWECAU), Moshi, Tanzania.
Manuscript received on 01 August 2024 | Revised Manuscript received on 23 August 2024 | Manuscript Accepted on 15 November 2024 | Manuscript published on 30 November 2024 | PP: 92-100 | Volume-4 Issue-2, November 2024 | Retrieval Number: 100.1/ijef.B258404021124 | DOI: 10.54105/ijef.B2584.04021124
Open Access | Editorial and Publishing Policies | Cite | Zenodo | OJS | Indexing and Abstracting
© The Authors. Published by Lattice Science Publication (LSP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: In today’s technological world, the use of computerized accounting procedures has become increasingly prevalent across various organizations. Organisations have widely adopted computerised accounting procedures for financial record-keeping and reporting purposes. Financial reports are a vital source of information for multiple decision-makers and stakeholders. Therefore, this study aimed to establish the effects of computerised accounting procedures on the quality of financial reporting of crop boards in the Kilimanjaro region, Tanzania. The study was grounded in the Resource-Based View (RBV) developed by Barney in the 1990s. The study employed a descriptive research design within a quantitative research approach. Eight (8) crop boards in Moshi Municipality were targeted, comprising forty (40) staff members dealing with accounting and finance. The sample size was obtained through the Sample Size Calculation for Finite Population. Data was collected through questionnaires. Face and content validity were used to ensure the validity of the research instruments. Then the instruments were piloted on three (3) accounts and finance employees at the Tanzania Coffee Board to clarify any ambiguities and check for consistency of the data to be collected. Reliability was ensured through Cronbach’s alpha test, which was run using the Statistical Package for the Social Sciences (SPSS) and yielded a coefficient of 0.81, indicating reliability. Data were analysed through the aid of SPSS and then presented in the form of tables, frequencies, percentages, and means. Ethical considerations and ethical values were adhered to throughout the research process. The study found that computerised accounting procedures affected the quality of financial reports of Crop boards in the Kilimanjaro region, Tanzania. Based on the findings, it was concluded that computerised accounting procedures have a positive effect on the quality of financial reporting of Crop Boards in Kilimanjaro. Furthermore, it was concluded that computerised accounting procedures were effective in facilitating decision-making and enhancing the overall quality of financial reporting. This study recommends that Crop Boards in Kilimanjaro should continue using computerised accounting procedures and strengthen the system to improve efficiency, accuracy, and accessibility of financial data. Further, it is recommended that Crop Boards should provide training and skill development programs to their accountants. Also, this study offers an area for further studies, suggesting that further studies could be conducted on the Influence of Computerised Accounting Systems on Financial Decision Making.
Keywords: Computerised Accounting Systems, Financial Reporting, Financial Reports Quality, and Crop Boards.
Scope of the Article: Accounting