THE IMPACT OF THE USE OF COMPUTERISED ACCOUNTING SYSTEMS IN FINANCIAL REPORTING

Abstract

The study focuses on assessing the impact of the use of Computerised Accounting Systems in the corporate reporting of rural banks in Ghana. The centre of attention was on three rural banks namely Nsutaman, Nwabiagya and Okomfo Anokye Rural Banks; all in the Ashanti Region. A stratified sampling technique was used to select this sample. The Banks were stratified as follows: computerized and networked bank computerized but not networked and partially computerized. The main objectives of this work is to explore how Computerised Accounting Systems (CAS) have forever changed many aspects of business and accounting practices especially in corporate reporting and to consider the main reasons for the reluctance of some Rural Banks to adopt and utilize this new capability.