Computerized Accounting System and Financial Reporting in Ghanaian Organizations

The main aim of the study is to examine computerized accounting system and financial reporting in Ghanaian Organizations; a case study PBC Limited. The specific objective of the study includes;

1. To establish the qualities of financial reports generated by computerized accounting systems.
2. Outline the importance of computerised accounting systems in financial reporting of companies.
3. Identify and address some possible challenges associated with the use of a computerised accounting systems in financial reporting.

The study adopted a descriptive study approach. The target population of this study comprised all the workers of PBC Limited totalling 75 persons. Out of the 75 persons, 63 were sampled out for the study. Purposive sampling and convenience sampling was used for the study. Questionnaires were used as the data collection instrument. The Statistical Package for Social Sciences (SPSS) was used in the analysis of data. The first objective of the study was to establish the qualities of financial reports generated by computerized accounting systems. Results gathered from the study showed that, the major qualities of the financial reports of the company was that it contained all relevant material information, financial reports were accurate and efficient, financial reports were clear and understandable and minimized arithmetic errors through respectively.