Effects of Computerized Accounting Systems on Financial Performance
Keywords:
Computerized Accounting System, Financial Performance, Digital literacy, System controlsAbstract
Many organizations have wholeheartedly embraced computerized accounting systems in order to expand their corporate operations. In recent years, service businesses, particularly the banking industry, have experienced considerable development as a result of the use of computerized accounting systems. This study assesses the linkage between the financial performance of Kenyan businesses and the setting for computerized accounting. A few of the themes that have been taken into account are data controls, detective controls, preventive controls, and corrective controls. In contrast to clerks using manual procedures, the study found that a computerized accounting system (CAS) will not issue invoices incorrectly, hence eliminating errors. Business organizations are becoming more and more competitive in the market as a result of the implementation of CAS.References
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