Evaluating the Impact of the Use of Accounting Software on the Processing of Financial Information. A Case of Ghana Education Service, New Juaben Municipality

Abstract

The purpose of the study was to evaluate the impact of the use of accounting software on the processing of financial information. An exploratory research design was used and the population was all the finance offices of Ghana Education service at New Juaben Municipality. A probability convenient sampling technique was used to select sample of 50 employees in the finance department across the New Juaben Municipality. Questionnaire was used to collect data and data analysed with Statistical Package for Social Sciences. The study found a positive relationship between use of accounting software and efficiency of processing financial information. Moreover, use of accounting software accounts for 7% of changes in the efficiency of processing financial information from the study. Furthermore, the study found that accounting software is used for undertaking all accounting activities and acceptance by employees, knowledge and skills of employees and cost-benefit analysis influenced decision to use accounting software. Also, the skills and expertise of employees in operating accounting software was average. The study concludes that accounting software has positive impact on the processing of financial information. It is recommended that Ghana Education Service should develop the knowledge and skills of employees in operating accounting software.