The Impact of Computerization on Financial Reporting Practice: The Perspectives of International Non-Government Organizations

摘要

It has become paramount for providers of funds for non-governmental organizations globally to require and request receivers of the funds to report financially. Financial reporting practices typically carry information and are shown in the income statement or statement of performance, statement of position, cash flow statement, funding sources, and statement of disclosure. Hence, this study investigated the impact of computerization on financial reporting practices of the six registered international non-governmental organizations in Ghana. The study used a correlational research design and applied bivariate analysis in SPSS version 23 on self-constructed questionnaires with Cronbach’s Alpha of 0.78 for computerization and 0.82 for financial reporting practices. The results of the study showed that there is a highly significant positive relationship between computerization and financial reporting practices (r = 0.851, p = 0.032). The study confirmed that most of the international non-governmental organizations in Ghana consistently receiving funding due to the proper computerization systems they have, which have aided the financial reporting practices that funders require. The study recommends that local non-governmental organizations computerize their accounting and financial reporting processes.