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THE EFFECT OF DIGITAL TRANSFORMATION ON GOVERNMENTAL ACCOUNTING

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

THE EFFECT OF DIGITAL TRANSFORMATION ON GOVERNMENTAL ACCOUNTING: This study aims to (i) assess the impact of digital transformation on governmental accounting practices, (ii) identify the challenges and opportunities presented by digital technologies, and (iii) propose strategies for successful digital integration in governmental accounting. A survey design is employed to collect data from governmental accountants and IT professionals. The sample size of 340 respondents, calculated using Taro Yamane's formula, ensures the study's representativeness. The case study is conducted in Lagos, given its advanced digital infrastructure. The reliability coefficient score of the survey instrument is 0.86. Findings reveal that digital transformation significantly improves efficiency and accuracy in governmental accounting, but also poses challenges such as cybersecurity risks and the need for continuous technological updates. Recommendations include investing in robust cybersecurity measures and ongoing training for accountants to adapt to new digital tools and technologies.





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