Title: ELECTRONIC ACCOUNTING INFORMATION SYSTEM ADOPTION BY SMALL AND MEDIUM ENTERPRISES IN ANAMBRA STATE, NIGERIA: PROBLEMS AND PROSPECTS.

Authors:
Ikeh, E. U., Onyeka, F. N. & Okanazu, O. O.

Abstract: Abstract This study investigated impact problems and prospect of Electronic Accounting Information System (EAIS) Adoption by SMEs in Anambra State, Nigeria. The research design used for the study was descriptive survey. Three research questions and three hypotheses guided the study. The population of the study was 2726 registered SMEs in Anambra State; Stratified random sampling was used to obtain the sample size of 400 using Taro Yamane's formula. The instrument titled Electronic Accounting Information System for SMEs (EAISSME) which was designed by the researchers was used to sought for information from the respondents. The instrument was face validated by three experts in the Business Education Department; University of Nigeria Nsukka was used to collect data from SMEs Managers in Anambra State. Out of 400 questionnaires distributed 63 firms indicated not using EAIS and were excluded. The total number of questionnaire analyzed was 337 which were about 84% of the total population was analyzed using Mean and standard deviation while t-test statistic was used to test the hypotheses at 0.05 level of significance and at 335 degree of freedom. The reliability co-efficient was found to be .73 using Cronbach Alpha reliability method. The result showed that the use of EAIS increases efficiency of SMEs and that lack of skilled personnel and high cost of skilled manpower, software packages and insecurity of accounting information are the major challenges to the use of EAIS by SMEs in Anambra State, Nigeria. Also the finding revealed that the possible solution to the identified problems includes among others organization of annual work shop for practicing accountants by business educators and collaboration between computer engineering and business education departments, use of EAIS application software as instructional material. Keywords: Electronic Accounting Information System (EAIS), Accounting Information Management, Small and Medium Scale Enterprise (SMEs).

Publication Date: 2018-06-09