Financial Information Disclosure & the Reliability of Fair Value Estimations in Financial Statements

Comparative Analysis of Computerized Accounting System and Manual Accounting System of Quoted Microfinance Banks (MFBs) in Nigeria

This study assesses the comparative analysis of computerized accounting system and manual accounting system of quoted Microfinance Banks in Nigeria from 2006-2015. Three hypotheses were formulated in line with objectives of the study. Ex-post facto research design was adopted and the data for the study were obtained from fact books, annual reports and account of the quoted Microfinance banks under study. Paired sample T- test was used to test the Hypotheses, at 5% significant level with aid of SPSS version 22 statistical software. Findings showed that computerized accounting system has a positive effect on the reported profitability of banks more than manual system of accounting. Based on these findings, the study recommends among others that Microfinance banks should implement computerized accounting system than the manual accounting system because it has more positive effect on the profitability level of the banks.