ANALYZING THE EFFECTS OF COMPUTERIZED ACCOUNTING SYSTEMS ON ORGANIZATIONAL PERFORMANCE: INSIGHTS FROM OIL AND GAS FIRMS IN PORT HARCOURT, NIGERIA

Abstract

The rapid advancement of Information and Computer Technologies (ICTs) has become indispensable in contemporary societies, permeating all aspects of human activities. ICT encompasses the acquisition, processing, storage, and dissemination of various forms of information through the integration of computing and telecommunications devices. Information technology, which includes hardware, software, and IT controls, has revolutionized organizational operations, transforming the way tasks are performed and decision-making processes are supported.

Within this context, computers and digital technologies have brought about significant improvements in corporate relationships, office productivity, research collaboration, and value creation across organizations. Furthermore, these advancements have had a profound impact on the accounting profession, enabling accountants to provide quality information for decision-making and leading to the development of Computerised Accounting Systems (CAS). CAS refers to an accounting information system that processes financial transactions according to Generally Accepted Accounting Principles (GAAP) with the assistance of computers or automated devices.

However, despite the widespread adoption of CAS, there remains a need to assess its impact on organizational performance, particularly in specific sectors such as the oil and gas industry. This study aims to examine the effect of computerized accounting systems on the organizational performance of oil and gas firms in Port Harcourt, Nigeria. Previous research in Nigeria has primarily focused on AIS in general or specific industries, such as deposit money banks, manufacturing companies, microfinance banks, and SMEs. Therefore, the study seeks to fill the gap in literature by investigating the impact of CAS on oil and gas firms' performance, specifically in terms of accountability, productivity, and cost control.

The findings of this study will contribute to a better understanding of the relationship between CAS and organizational performance, providing insights for practitioners, policymakers, and researchers in the oil and gas industry. It will also shed light on the merits and demerits of CAS implementation and highlight the variations in performance outcomes across industries. Ultimately, this research endeavors to facilitate informed decision-making regarding the adoption and optimization of computerized accounting systems in the oil and gas sector, thereby enhancing overall organizational performance