EFFECTS OF ACCOUNTING INFORMATION SYSTEM ON ORGANIZATION PERFORMANCE IN NIGERIA

The importance of financial reporting to a business organization with consideration of its usage to the users of accounting information such as shareholders, management, government and its agencies, employees, financial analyst and researchers cannot be overemphasized (Obasesin and Olaoye, 2019). The basis of producing financial report in contemporary business lies on accounting information system which automates accounting information. The field of accounting information system is influenced by management information systems, economics, psychology, computer science & organizational behavior (Ezenwoke et al 2019).Information Technology is essential in contemporary, competitive and dynamic business environment with consideration of its impact on qualitative information systems. It constitutes hardware, network, software, database and other essential tools which are useful for corporate organizations accounting information systems (Shaukat and Zafarullah 2009; Kariuki, 2005; Olaoye, Olaofe-Obasesin and Akanni 2019). There exists dearth of research papers of accounting information system on organizational performance in Nigeria. The need to provide solution to the dearth of papers in accounting information system on organizational performance in Nigeria necessitates this research by the authors. This paper, “accounting information systems and organizational performance in Nigeria” targets institutions in Lagos state. Section 2 reviews literature, section 3 deals with research methods, section 4 focuses on data analysis while section 5 concludes the paper with recommendations.


INTRODUCTION
The importance of financial reporting to a business organization with consideration of its usage to the users of accounting information such as shareholders, management, government and its agencies, employees, financial analyst and researchers cannot be overemphasized (Obasesin and Olaoye, 2019). The basis of producing financial report in contemporary business lies on accounting information system which automates accounting information. The field of accounting information system is influenced by management information systems, economics, psychology, computer science & organizational behavior (Ezenwoke et al 2019).Information Technology is essential in contemporary, competitive and dynamic business environment with consideration of its impact on qualitative information systems. It constitutes hardware, network, software, database and other essential tools which are useful for corporate organizations accounting information systems (Shaukat and Zafarullah 2009;Kariuki, 2005; Olaoye, Olaofe-Obasesin and Akanni 2019).
There exists dearth of research papers of accounting information system on organizational performance in Nigeria. The need to provide solution to the dearth of papers in accounting information system on organizational performance in Nigeria necessitates this research by the authors. This paper, "accounting information systems and organizational performance in Nigeria" targets institutions in Lagos state. Section 2 reviews literature, section 3 deals with research methods, section 4 focuses on data analysis while section 5 concludes the paper with recommendations.
Microsoft Dynamics GP, Oracle People Soft, Sage Group MAS 200, Epicor Financial Management and others are the various software used by small, medium & large business for financial data management (Fontinelle 2020).

B. Theoretical Framework
Technology Acceptance Model (TAM): The model was developed by Davis which is widely believed as one of the influential model in information technology. In this model, usefulness and ease of use were prioritized. Perceived usefulness is a degree at which an individual is of the belief the usage of system would enhance job performance. Perceived ease of use targets intends users' information technology usage without much effort. The model highlights the effective use of computers efficiently (Davis 1989 Information System Success Model: The component of information system success includes information quality, system quality, organizational impact, user satisfaction, individual impact and use. This is subject to management information system quality, management support, managerial decision making quality, perceived usefulness, information quality and the satisfaction of decision makers. The adoption of this model is based on the effects of system quality on information quality/managerial decision making ( Kearms (2014) affirmed accounting information system is an integral part of accounting information programs. Response from questionnaires on the importance of accounting information systems in the accounting curricular supported the influence of accounting information system to practitioners. He observed lack of research in specific accounting knowledge as acknowledged by the International Federation of Accountants (IFAC), American Accounting Association (AAA), Institute of Management Accountants, Institute of Internal Auditors (IIA) and the American Institute of Certified Public Accountants (AICPA). Educators suggested IT leverages personnel competencies, functional competencies and broad business perspective competencies. The researcher observed individual skill sets from Certified Public Accountants perspective in past research has been ignored and little attention was noted in accounting information system comparative skills with recommendations to future researchers to increase findings based on job function time in profession, size of firm, management status and time in industry. Ahmad (2013) paper on the impact of using accounting information system on the quality of financial statements to income tax department in Jordan revealed a positive and high presence with recommendations on training personnel and development of various information technology devices used in the department. Srinivas (2011) conceptualized transactional processing systems, management information systems & expert systems as the three types of information systems, with decisions support system & executive information systems as management information system subset. The research noted the challenges of management information system include dynamism, decisions dynamism, institutionalization, finance, science-oriented field as against art-oriented & lack of organizational structure but recommended monitoring, information gateway channel & well defined structure for ideal decision making system. The research executed by Olaoye, Akinleye, Olaoye and Obasesin (2019) on the significance of accounting system on performance of nonprofit organization in Nigeria asserted a good financial report comprises relevance, verifiability, timeliness, understability and completeness. Their findings depict accounting system has a significant impact on the performance of nonprofit organizations with recommendations on proper recruitment procedure, annual audit of financial statements and avenue for good accounting & internal control systems by the management. journal.ump.edu.my/ijsecs ◄

D. Gap in Literature
Several research works have been executed on accounting information system. Awosejo

METHODOLOGY
This research seeks to determine accounting information systems on organizational performance in Nigeria. Questionnaire was the primary source of data with the use of Likert scale of Strongly Agree (SA), Agree (A), Disagree (D) and Strongly Disagree (SD). Professionals in accounting, academics and information technology constitute the population of study in Lagos State. The results of the research will be presented using percentages, averages and standard deviation. Thirty respondents were administered through questionnaires and twenty five was returned representing 90%. The one-way ANOVA technique was used for analysis with test of significance @ 5% level using n-1 degree of freedom. 53.3% agreed accounting information system equipment are up to date as 46.7% disagreed. 60% of the respondents agreed that employees in accounting information system sections possessed the required qualification while 40% disagreed. On whether accounting information system adds value to work performance, 80% agreed while 20% disagreed. Lastly, 83.3% agreed accounting information system is suitable for decision making while 16.7% disagreed.  Hypothesis H0: Accounting information system has no significant impact on performance of organizations in Nigeria H1: Accounting information system has significant impact on performance of organizations in Nigeria At 5% level of significance, with degree of freedom at 3 and 26, observed is 251.43 which is greater than 2.74. H0 is hereby rejected, thus accounting information system has significant impact on performance of organizations in Nigeria.

DISCUSSION OF RESULTS
As computed from Table 2, the mean comparability revealed accounting information systems equipment are up to date at 2.43 while 1.104 of employees in accounting information system units possessed the required qualification based on standard deviation. The sharpness of the frequency distribution from the table, that is Kurtosis depicted negative except for the computation on suitability of accounting information system for decision making which revealed 0.687.

CONCLUSION AND RECOMMENDATIONS
The conclusion of this research is that accounting information systems will significantly improve the performance of corporate organizations in Nigeria. As confirmed through the statistical analysis result, observed F of 251.43 was greater than the 2.74 F critical value using the Statistical Package for the Social Sciences.
The following recommendations are essentials: a. Corporate organizations should imbibe merit based recruitment process of newly recruit who possessed required skills, abilities and knowledge. b. Assive investment on accounting information systems equipment for effective and efficient operations will add short, medium and long term value to the organization. c. He need for awareness orientation on accounting information system equipment usage and regular training of professionals such as accountants, chief finance officers, government agencies employees and auditors.