NIGERIA PUBLIC MANUFACTURING FIRMS ADOPTION OF COMPUTERISED ACCOUNTING SYSTEM: THE FIRM SIZE AND FIRM CAPITAL TURNOVER EFFECT
Keywords:
Accounting Software, Computerised Accounting System, Firm Capital Turnover, Firm Size,Abstract
The study investigates the effect of firm size and firm capital turnover on the adoption of computerised accounting system (CAS) among manufacturing firms listed in Nigeria. Specifically, the study determines the effect of firm size and firm capital turnover on the level of accounting software used by listed manufacturing firms in Nigeria. Ex-post facto research design was employed in the study. A sample of 21 public listed manufacturing firms was purposively selected from a population frame of 34 industrial goods and consumer goods firms listed on the Nigerian Exchange Group. Thus, data extracts from these firms’ financial statements for a ten-year period (2012 to 2021) was concisely utilized for data analyses purpose. The result of cross-section fixed regression estimation conducted revealed that firm size and firm capital turnover have a positive and significant effect on the adoption of CAS at 5% significance level. The study concludes that organisational readiness and financial capacity which readily points to the amount of financial resources available in a firm, determines the level/quality of computerised accounting system adopted by public manufacturing firms listed in Nigeria. The study therefore recommends that: firms with lower asset base should expand their scale of operation to adopt CAS for improved efficiency and decision-making. This depicts the need for manufacturing firms to improve on their capital turnover towards paving room for adequate financing and consequent adoption of CAS for enhanced growth.
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