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Metropolitan Journal of Academic Multidisciplinary Research

Relationship Between Computerized Accounting And Financial Reporting In Business. A Case Study Of Stanb1c Bank Mukono Branch

Authors: Muganzi Emmanuel Prosper1 , Irumba Alex2

Journal: Metropolitan Journal of Academic Multidisciplinary Research (MJAMR)

Volume/Issue: Volume 5 - Issue 2

Published: 01 Jan 1970


Abstract

The advent of computerized accounting systems revolutionized financial reporting practices in the banking sector. This study examined the relationship between computerized accounting systems and financial reporting quality at Stanbic Bank Mukono Branch, focusing on how automation influenced accuracy, timeliness, and decision-making processes. The study employed a descriptive case study design with both quantitative and qualitative approaches. A sample of 68 respondents was selected from a population of 85 employees using stratified random sampling. Data were collected through structured questionnaires and interviews with key personnel in the finance and IT departments. The study analyzed data using Statistical Package for Social Sciences (SPSS) version 23, employing correlation analysis, regression analysis, and descriptive statistics to establish the relationship between variables. The findings revealed a strong positive correlation (r=0.847, p
Keywords

Computerized accounting, financial reporting, automation, banking sector, information technology, accuracy, timeliness, Stanbic Bank

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