ABSTRACT
The study was to substantiate the influence of ICT on the role of accountants and find out if Accountants are still relevant. In this study, five performance proxies were considered. The main objective was to determine the extent to which Information Communication Technology has influenced the role of Accountants and the specific objectives sought were to: ascertain the relevance of Accountants, ascertain the impact of ICT on Accountants performance, evaluate the degree to which ICT had influenced their involvement in decision making process, examine if Accountants still add value to their work. The requisite data for this study were extracted from the questionnaire administered to four sectors of the economy. Other data were collected from books, journals and websites. Data were analysed using correlation coefficient, T-test and use of simple regression analysis at 0.05 probability level of acceptance. The Cronbach ’s alpha was used to test the reliability of instrument and a value of 0.635 was derived. The result revealed that Information Communication Technology has influenced the role of Accountants in Nigeria and it was recommended among others that for Accountants to remain relevant in the information age, they must embrace ICT. The contribution to knowledge was that inspite of the impact of ICT on Accountants, yet we still need Accountants with knowledge, skill and abilities to interpret data for informed decision making.
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
Businesses all over the world continuously seek to improve the efficiency of their operations in order to achieve higher profitability. Information systems and technologies are some of the most important tools available to managers for achieving higher levels of efficiency and productivity in business operations, especially when coupled with changes in business practices and management behaviour.
Kenneth and Jane (2010), defined information technology as one of many tools that managers use to cope with change. From the above, it means that Accountants who are also managers need information technology, not only to cope with changes but also to enhance their performances and make informed decisions.
Modum (2005) stressed also that changes in technology have altered the role of Accountants. Traditionally, accounting information has its own set of specific functions and has relied on its own devices such as journals and ledgers, and its own procedures, double-entry book-keeping.
Kenneth and Jane (2010), also emphasized that A continual stream of information technology innovations is transforming the traditional business world. Exactly how do information systems enhance accounting process? Information systems automate many steps in accounting processes that were formally performed manually, such as checking of clients' credit, or generating an invoice and shipping order. But today, information technology can do much more. New technology can actually change the flow of information, making it possible for many more people to access and share information, replaces steps with tasks that can be performed simultaneously, and eliminating delays in decision making.
Why are businesses investing so much in information systems and technologies? In Nigeria today and most African countries, information systems are essential for accounting for day-to-day business as well as achieving strategic business objectives (Kenneth and Jane, 2010). This means that accounting as a service activity can not operate without information communication technology. In as much as information technology helps the Accountants to perform efficiently and at a faster rate, yet organizations need Accountants to interpret the information and implications to management members for decision making. What is the essence of generating figures without interpreting their implications?
According to Modum (2005), the original use of computers in accounting focused on automating the record keeping function manual books were replaced by computer "books". The automated system retained the same functions, orientation towards the...
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