ABSTRACT
This research thesis set out to investigate the relationship between accounting information and the performance of commercial banks in Nigeria. In order to achieve the objectives of the study, six hypotheses were formulated and data was collected from 91 accounting and finance staff of 18 commercial banks through the issue of structured questionnaires. The data collected was analysed with the use Pearson Correlation on SPSS. From the analysed conducted, the following findings were made: Our findings showed that relevance of accounting information was statistically significant in determining the profitability and quality of service delivery of banks in Nigeria. Our findings further showed that there is a positive and significant relationship between the accuracy of accounting information and the performance of banks. Finally, our findings showed a positive and significant relationship between reliability of accounting information and profitability and effective service delivery of banks in Nigeria. On the basis of the findings, it was concluded that: The quality accounting information in terms of relevance to users contributes significantly to the performance of bank. It was also concluded that accuracy of accounting information is a very important factor in the performance of bank in Nigeria. Finally, we conclude that reliable accounting information contributes significantly to the profitability of banks in Nigeria. Given the above findings and conclusions, the following recommendations were made: More effort should be directed towards the production of good quality accounting information in all the commercial banks in Nigeria in order to improve financial performance. To improve the quality of accounting information, commercial banks in Nigeria must employ highly skilled competent professional accountants to generate the right quality of financial information. Generators of the accounting information should adhere to the code of ethics and be able to comply with the requirements of the laws, regulations, policies and standards guiding the preparation and presentation of such information. Finally, Training workshops and seminars aimed at sensitizing commercial bank accounting and record keeping staff and other key decision makers should be organized.
BACKGROUND TO THE STUDY
......... For an organisation to function properly, adequate and timely accounting information that is reliable, accurate and relevant. It is important to note that, poor record keeping and communication of accounting information has in the past led to the failure of many businesses organisations (Romney et al., 2003).
Accounting information combines the study and practice of accounting with the design, implementation and monitoring of information systems. Such systems use modern information technology resources in conjunction with traditional accounting controls and methods to provide users the information necessary to manage the organization (Etim, 2011). The effect of a good accounting information can be underscored by the effectiveness and efficiency of the information so produced from the system when it automatically alerts the attention of management to issues that deviate from the pre-determined standards.
In recent years, the advancement in information systems all over the world has made business organisations to channel resources in these areas if they are to compete favourably among their local and foreign counterparts. Gone are the days when business organisations were simply required to make profit and provide a fair return to investors. The modern business organisations find itself in the atmosphere of global uncertainties, cut throat competition locally and internationally and unprecedented change in the economy.
Hence, a great demand is often placed on the managers of these organisations to make practical and informed decisions if the organisation is to move forward as the success or otherwise of any organisation is often a function of the sum of the decisions taken in the past. However, the quality of decisions taken by managers rests on the relevance and accuracy of information provided by systems available to them. An accounting system is among the most effective decision making tools at the disposal of management as it provides an orderly method of collecting and organising data and information about the various business financial transactions so that it may be used as a tool for management in running the business (Copeland and Dascher, 1978) ........
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TABLE OF CONTENTS
CHAPTER ONEINTRODUCTION
1.2 BACKGROUND OF THE STUDY 1
1.2 STATEMENT OF RESEARCH PROBLEM 4
1.4 PURPOSE OF THE STUDY 5
1.4 STATEMENT OF RESEARCH QUESTION 6
1.6 SIGNIFICANCE OF THE STUDY 7
1.7 SCOPE AND LIMITATION OF STUDY 8
1.8 ORGANIZATION OF STUDY 9
CHAPTER TWO
REVIEW OF RELEVANT LITERATURE
2.0 INTRODUCTION 10
2.1 THEORETICAL FRAMEWORK 10
2.1.1 Contingency Theory 10
2.1.2 Agency Theory 12
2.1.3 Behavioural Theory 12
2.2 CONCEPT OF ACCOUNTING INFORMATION SYSTEM13
2.2.1 Usefulness of AIS 17
2.2.2 Value Relevance of AIS 20
2.2.3 Advantages/Implications of AIS 24
2.3 Implementation of an AIS 25
2.3.1 Detailed Requirements Analysis 26
2.3.2. Systems Design and Documentation 26
2.3.3 Testing, Training and Data Conversion 28
2.3.4 Launch and Support of the Accounting System 29
2.4 ACHIEVING EFFICIENT ACCOUNTING INFORMATION 30
2.5 REVIEW OF RELEVANT EMPIRICAL LITERATURE
CHAPTER THREE
RESEARCH METHODOLOGY
3.0 INTRODUCTION 42
3.1 RESEARCH DESIGN 42
3.2 POPULATION FOR THE STUDY 43
3.3 SAMPLE AND SAMPLING TECHNIQUE 43
3.4. NATURE AND SOURCES OF DATA 44
3.5 METHOD OF DATA COLLECTION 45
3.6 METHODS OF DATA ANALYSIS 45
3.7 OPERATIONAL DEFINITION OF VARIABLES 46
3.8 VALIDITY AND RELIABILITY OF INSTRUMENT 47
CHAPTER FOUR
DATA PRESENTATION, ANALYSIS AND INTERPRETATION
4.0. INTRODUCTION 48
4.1 PRESENTATION OF DATA 48
4.2 DATA ANALYSIS 51
4.2.1 RESEARCH QUESTION ANALYSES 51
4.3 HYPOTHESES TESTING 61
4.4 DISCUSSION OF FINDINGS 67
CHAPTER FIVE
SUMMARY, CONCLUSIONS AND RECOMMENDATIONS
5.1 SUMMARY 69
5.2 CONCLUSIONS 70
5.3 RECOMMENDATIONS 73
BIBLIOGRAPHY 73
APPENDIX 1:QUESTIONNAIRE 78
APPENDIX 2:RESULTS OF DATA ANALYSES 81
Reference code: C084
Reference code: C084
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