ABSTRACT
This research work is aimed at exploring the Impact of Information Technology on the Financial Performance of Selected Business Organizations in Rivers State. In other to achieve the objectives of this study, two hypotheses we are formulated. Data was collected using structured questionnaires issued to 68 staff of some selected business organizations in the state. The collected data was tested using simple regression and correlation. The results of the analyses showed that there is a positive and significant relationship between investment in information technology and Return on Asset and Return on Equity. In findings, we also observe that the information technology reduces fraud and fraudulent practices. It is also find that information technology is very significant in reduction of fraud and errors in accounting statement. From the findings, we conclude that: investment in information technology is a must for business organizations that wants to increase efficiency in services and ultimately increase profitability. We also conclude that information technology helps in reduction of errors in accounting statements. Hence, the benefits in being computerized out weights the high cost of automated information technology systems. Finally, we recommend that business organizations should invest substantially in information technology. We also recommend that that firm’ managements should encourage training and retraining of her employees on the use of modern technological equipment as this will go a long way in improving their skills and job performance.
Corporate performance is the ability of the organization to achieve objectives for which it was established, as corporate performance are measured in monetary terms through the information disclosed in the income statement, balance sheet and value added statement. Any organization which does not accomplish its set objectives or goals is not performing optimally. Therefore managerial performance is closely related to management efficiency and effectiveness. This is because management is regarded as effective when the goal, of the corporation is attained.
Information technology has played a vital role in the area of communication, accurate and timely record keeping, processing of accurate information, minimizations of fraud and irregularities and increasing employee knowledge of information technology, thereby enhancing corporate performance in the organization, especially in the accounting firms. Corporate performance is measured by comparing returns on investment to the capital employed. If the management of the organization is ineffective the returns on capital invested will be poor.
The demand for Information Technology (IT) in business has moved drastically from the muscle orientation (associated with manual system of (operation) toward a knowledge orientation. Consequently, people need to work Smatter, and this can be achieved using IT. (Szymariski et al. 1998) It is being suggested that those who are not part of this revolution to learn about IT – those people who remain computer illiterate will find few opportunities in the job market. ...............
TABLE OF CONTENT
INTRODUCTION
.................. Proponents of information technology argue quite vocally about the cost reduction and increase in productivity that can be achieved through the implementation information technology. Others outline the fact that the use of information technology also enhances productivity by ensuring consistency and accuracy in recording keeping.Corporate performance is the ability of the organization to achieve objectives for which it was established, as corporate performance are measured in monetary terms through the information disclosed in the income statement, balance sheet and value added statement. Any organization which does not accomplish its set objectives or goals is not performing optimally. Therefore managerial performance is closely related to management efficiency and effectiveness. This is because management is regarded as effective when the goal, of the corporation is attained.
Information technology has played a vital role in the area of communication, accurate and timely record keeping, processing of accurate information, minimizations of fraud and irregularities and increasing employee knowledge of information technology, thereby enhancing corporate performance in the organization, especially in the accounting firms. Corporate performance is measured by comparing returns on investment to the capital employed. If the management of the organization is ineffective the returns on capital invested will be poor.
The demand for Information Technology (IT) in business has moved drastically from the muscle orientation (associated with manual system of (operation) toward a knowledge orientation. Consequently, people need to work Smatter, and this can be achieved using IT. (Szymariski et al. 1998) It is being suggested that those who are not part of this revolution to learn about IT – those people who remain computer illiterate will find few opportunities in the job market. ...............
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CHAPTER ONE: INTRODUCTION
1.1 BACKGROUND OF THE STUDY
1.2 STATEMENT OF THE PROBLEM
1.3 PURPOSE OF THE STUDY
1.4 RESEARCH QUESTION
1.5 RESEARCH HYPOTHESES
1.6 SIGNIFICANCE OF THE STUDY
1.7 SCOPE AND LIMITATIONS OF THE STUDY
1.9 DEFINITION OF TERMS
REFERENCES
CHAPTER TWO: LITERATURE REVIEW
2.1 THE CONCEPT OF INFORMATION AND TECHNOLOGY
2.2 THE CONCEPT OF MANAGEMENT
2.3 ENHANCING INFORMATION TECHNOLOGY VIA TOTAL QUALITY MANAGEMENT (TQM)
2.4 CHARTING THE IMPACT OF INFORMATION TECHNOLOGY
2.5 ACCOUNTING PRACTICES IN A COMPUTERIZED ENVIRONMENT
2.5.1 Collection and Preparation of Data
2.5.2 Data Classification, Journalizing and Entry
2.5.3 Journal Posting Activity
2.5.4 Ledger Updating
2.5.5 Ledger Summarization and Preparation of Financial Statements
2.5.6 Interpretation of Financial Statements
REFERENCES
CHAPTER THREE: RESEARCH METHODOLOGY
3.4 INTRODUCTION
3.5 RESEARCH DESIGN
3.6 RESEARCH POPULATION
3.4 SAMPLING PROCEDURE/SAMPLE SIZE
DETERMINATION
3.5 DATA ANALYSIS TECHNIQUES
REFERENCES
CHAPTER FOUR: DATA PRESENTATION ANALYSIS AND DISCUSSION
4.1 INTRODUCTION
4.2 DATA PRESENTATION AND ANALYSIS
4.3 TESTING OF THE HYPOTHESIS
CHAPTER FIVE: DISCUSSION OF FINDINGS, CONCLUSIONS AND RECOMMENDATIONS
5.1 INTRODUCTION
5.2 DISCUSSION OF FINDINGS
5.3 CONCLUSION
5.4 RECOMMENDATIONS
BIBLIOGRAPHY
APPENDICES
Reference code: c024
Reference code: c024
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