Comparative Analysis of Computerized Accounting System and Manual Accounting System of Quoted Microfinance Banks (MFBs) in Nigeria

International Journal of Academic Research in Accounting, Finance and Management Sciences, Vol. 7, No. 2, p. 30–43, April 2017

14 Pages Posted: 8 May 2017 Last revised: 10 Jun 2017

See all articles by Nestor Amahalu

Nestor Amahalu

Nnamdi Azikiwe University

Mary-Fidelis Chidoziem Abiahu

Nnamdi Azikiwe University - Department of Accountancy

Obi Chinyere

University of Nigeria Enugu Campus

Date Written: April 30, 2017

Abstract

This study assesses the comparative analysis of computerized accounting system and manual accounting system of quoted Microfinance Banks in Nigeria from 2006-2015. Three hypotheses were formulated in line with objectives of the study. Ex-post facto research design was adopted and the data for the study were obtained from fact books, annual reports and account of the quoted Microfinance banks under study. Paired sample T-test was used to test the Hypotheses, at 5% significant level with aid of SPSS version 22 statistical software. Findings showed that computerized accounting system has a positive effect on the reported profitability of banks more than manual system of accounting. Based on these findings, the study recommends among others that Microfinance banks should implement computerized accounting system than the manual accounting system because it has more positive effect on the profitability level of the banks.

Keywords: Computerized Accounting System, Manual Accounting System, Profitability

JEL Classification: G21, M40, O32

Suggested Citation

Amahalu, Nestor and Abiahu, Mary-Fidelis Chidoziem and Obi, Juliet, Comparative Analysis of Computerized Accounting System and Manual Accounting System of Quoted Microfinance Banks (MFBs) in Nigeria (April 30, 2017). International Journal of Academic Research in Accounting, Finance and Management Sciences, Vol. 7, No. 2, p. 30–43, April 2017, Available at SSRN: https://ssrn.com/abstract=2963494

Nestor Amahalu

Nnamdi Azikiwe University ( email )

P.M.B 5025, Awka
PMB 5025
Awka, DE Anambra State P.M.B. 5025
Nigeria

Mary-Fidelis Chidoziem Abiahu (Contact Author)

Nnamdi Azikiwe University - Department of Accountancy ( email )

Awka, Anambra 23400
Nigeria

Juliet Obi

University of Nigeria Enugu Campus ( email )

Department of Accountancy
Box 15540, Enugu
Enugu, NC Enugu 234
Nigeria

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