Computerized Accounting And Financial Reporting A Case Study Of Stanbic Bank Lions Place, Waiyaki Way Branch Nairobi, Kenya

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ABSTRACT

This study was based on computerized accounting and financial reporting at Stanbic Bank,

Lions Place, Waiyaki Way Branch. The objectives of the study were; to determine the uses of

a computerized accounting information system, to find out the pros and cons of computerized

accounting to financial institutions, and to establish the qualities of financial reports

generated by computerized accounting system. The researcher used qualitative and

quantitative research designs with a sample of size 80 respondents. Both primary and

secondary data were used and the data collection methods were questionnaires, observation

interviews and investigative procedures.

The study established that computerized accounting had a great impact on quality of financial

reports and that many financial statements were generated through the computerized

accounting system. The findings shows a strong significant positive relationship between the

variables (r=0.861**, p>0.01) which implies that computerized accounting and financial

reporting at Stanbic Bank Kenya are strongly related.

The computerized accounting system is of a great importance to the running of the company

but is also associated with its own weaknesses that hinder efficiency in the company's business environment. A continuous culture of utilizing a computerized accounting system is recommended.

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Computerized Accounting And Financial Reporting A Case Study Of Stanbic Bank Lions Place, Waiyaki Way Branch Nairobi, Kenya

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