THE IMPACT OF INFORMATION TECHNOLOGY ON ACCOUNTING SYSTEM OF BANKING INDUSTRY (A STUDY OF FIRST BANK OF NIGERIA PLC)
Abstract
ABSTRACT
This study examines the impact of information technology on accounting system. The researcher has done this research using primary and secondary sources of data thereby adopting the questionnaire method and personal interview as a data collection technique. The statistical tool adopted in testing hypothesis was analyzed using chi-square. The major findings of this research revealed that, the positive impact of information technology outweighs the negative impact and both banks and customers benefit from it. Fraud is a major problem associated with information technology as it is on the increase by the day. The research recommended that, Government should improve the electricity supply in the country; they should support local IT firms by providing loans, and lowering tariffs with a view to encouraging them in carrying out their activities.
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