CHALLENGES OF ELECTRONIC ACCOUNTING TOOLS FOR MACRO-ECONOMIC GROWTH IN NIGERIA A CASE STUDY OF SELECTED BANKS

CHALLENGES OF ELECTRONIC ACCOUNTING TOOLS FOR MACRO-ECONOMIC GROWTH IN NIGERIA A CASE STUDY OF SELECTED BANKS

 

ABSTRACT

Electronic Accounting or E-Accounting as it is popularly called is one of the areas that technology has affected. Previously, financial accounting was done manually leading to a great deal of paper work until the introduction computers which now helped accounting information in a wide area. E-Accounting involves performing regular accounting functions, accounting research and the accounting training and education through computer based, internet based, accounting tools such as digital tool kits, various internet resources, international web-based materials, institute and company data bases, web links, electronic financial spreadsheet tools to provide efficient decision making. Challenges of electronic Accounting bothers the mind of the people, on this work, reasons for ineffective use of electronic accounting has been discovered and solutions have been recommended. Such solutions likes providing standard electronic accounting with modern software by government for all public sector accountants, regular training of accounting staff on the various software and terminologies, organizing workshop, seminars and conferences by government for accountants in public sector on electronic accounting since the world is facing technological development globally and many other  solutions suggested in this work.