The Accounting Function and Its Relationship with the Information System of Organizations in Nigeria.

Authors

  • Dr. Omah Chioma Patience, Opara

Abstract

The accounting function is the process of identifying, measuring, and communicating financial information about an organization to interested parties, such as shareholders, managers, and government agencies. This information is used to make informed decisions about the organization and to assess its financial health (Oluyombo & Onafowokan, 2014)). The basis of producing financial reports in contemporary business lies in the accounting information system which automates accounting information. The field of accounting information systems is influenced by management information systems, economics, psychology, computer science, and organizational behavior (Jat, R.B. and Jugu, G.Y, 2008). Information Technology is essential in a 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 that are useful for corporate organizations accounting information systems (Olaoye, Olaofe-Obasesin, & Akanni 2019). The accounting function is a key component of an organization's financial management system and is responsible for recording, classifying, and summarizing financial transactions. The information generated by the accounting function is used by management to make informed decisions about the financial performance of the organization.

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Published

2024-02-18

How to Cite

Opara, D. O. C. P. (2024). The Accounting Function and Its Relationship with the Information System of Organizations in Nigeria. BW Academic Journal. Retrieved from https://bwjournal.org/index.php/bsjournal/article/view/1780