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THE IMPACT OF DIGITALIZATION ON MANAGEMENT ACCOUNTING PROCESSES

  • Project Research
  • 1-5 Chapters
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  • Abstract : Available
  • Table of Content: Available
  • Reference Style: Available
  • Recommended for : Student Researchers
  • NGN 3000

Abstract:

This study investigates the impact of digitalization on management accounting processes in Lagos State, Nigeria. The objectives are to: (1) evaluate how digital tools and technologies improve accounting accuracy and efficiency, (2) assess the influence on decision-making processes, and (3) analyze the challenges faced during the digital transformation of management accounting. A survey design was chosen to gather data from financial managers and IT specialists. The sample size, calculated using Taro Yamane's formula, ensures representativeness. Access Bank Plc was selected as the case study due to its advanced digital transformation in accounting processes. The reliability coefficient score of the survey was 0.94. Findings indicate that digitalization significantly enhances accounting accuracy, efficiency, and decision-making. However, challenges such as technology integration and training were noted. It is recommended that companies in Lagos State invest in advanced digital tools and provide continuous training to leverage the full benefits of digitalization in management accounting.





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