Computerised accounting systems and performance of business organisations

Abstract

The study investigates the effect of computerised accounting system and performance of business organisations in Uganda clays limited. The main objective of the study was to assess the effect of computerised accounting system and performance of business organisations. The key study findings were; computerised accounting was based on process time of accounting software and speed of financial reporting where as performance of business organization based on efficiency and liquidity. The researcher used a case study research design which involved both qualitative and quantitative approaches where questionnaires were used as primary tools with a sample size of 46 respondents using random sampling techniques and document review as a secondary tool. Data collected was analysed using descriptive analysis and results were presented in tables. Findings of the study indicate that Uganda clays limited carry out process time of accounting software and speed of financial reporting to ensure effectiveness and efficiency. Computerised accounting system facilities identification and correction of errors in financial reporting which leads to production of accurate, timely and quality financial information to ensure effective services delivery and influence good planning and decision making for business operations. In conclusion, computerised accounting system positively impact on the performance of business organisations as it was seen through production of quality financial reports that boost the organization to get a reasonable market for its products. On recommendations from the findings of the researcher, Uganda clays limited should ensure software update for reliability and training of staff in basic computer skills to promote efficiency and effectiveness.