The Impact of Computerised Accounting System on Financial Reporting at Zimbabwe Rural District Council
- Author
- Mubika, Georginah
- Title
- The Impact of Computerised Accounting System on Financial Reporting at Zimbabwe Rural District Council
- Abstract
-
The study focuses on the impact of computerized accounting system on
financial reporting in Zimbabwe Rural District Council Workers Unions by
evaluating: the nature of computerized accounting system used by the
Z.R.D.C.W.U. To establish qualities of financial reports generated by computerised
accounting systems. How computerization of accounting has affected the
generation of financial reports, and the extent to which computerized
accounting contributes to financial reporting in the Z.R.D.C.W.U. A survey
questionnaire was administered on a sample of 40 respondents selected
purposively from a population. From the findings, 100% of the respondents
admit that Z.R.D.C.W.U uses accrual-based system of computerized accounting,
majority of the respondents agreed that computerized accounting improves
better record ,speed and accuracy and storage and speed, while 69% of the
respondents maintain that the system provides timely information for decision
making. 51% of respondents at Z.R.D.C.W.U agreed that the financial reports produced were
characterised by relevance, faithful representation, verifiability, timeliness, understandable and
were comparable. With increased improvements and versions of accounting
packages, the study recommends that finance and accounting staff should have
constant and continuous training by the authorized dealers of the packages
so that they remain well equipped with the knowledge and experience of the
package. There is also need for more internal audit reviews to appraise and
check the strength of the instituted controls within the accounting system
in Zimbabwe Rural District Council Workers Union
- Date
- 2023
- Publisher
- BUSE
- Keywords
- Computerised Accounting System
- Financial Reporting
- Supervisor
- N/A
- Item sets
- Department of Accountancy
- Media
-
Georginah Mubika.pdf