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Technological Accounting Practice and Financial Performance of Selected Listed Food and Beverage Manufacturing Firms in Nigeria

Author

Listed:
  • Prof. Oladejo M. O

    (Department of Accounting, Faculty of Management Sciences, Ladoke Akintola University of Technology, Oyo State, Nigeria)

  • Akintunde Ambali. O

    (Department of Accounting, Faculty of Management Sciences, Ladoke Akintola University of Technology, Oyo State, Nigeria)

  • Dr. Yinus S.O

    (Department of Accounting, Faculty of Management Sciences, Open and Distance Learning, Ladoke Akintola University of Technology, Oyo State, Nigeria)

Abstract

Literatures reveal that Technological Accounting Practice (TAP), has become essential for ensuring accountability and relevance in daily business activities. Despite literature suggesting the potential benefits of TAP in the digital era, its impact on business performance in the food and beverage sector remains underexplored and warrants empirical investigation within the Nigerian context. This study therefore sets out to evaluate the factors influencing TAP usage in the selected firms and assess the relationship between TAP and Financial Performance (FP) of the selected food and beverage firms in Nigeria. Mixed method was employed. Primary data were collected through the use of questionnaire. Secondary data covering the years 2013 and 2022 was collected through audited financial reports of the fourteen (14) purposive selected food and beverage manufacturing firms. 126 questionnaires were distributed among staff at 14 selected firms, covering various departments through a stratified random technique. Data collected underwent descriptive and inferential statistical analysis. Hypotheses were tested through ANOVA and Pearson Product Moment Correlation Coefficient (PPMCC). Results revealed that all identified variables significantly impacted the adoption of technological accounting in the food and beverage firms. Furthermore, there was a notable correlation between technological accounting practices and financial performance (p

Suggested Citation

  • Prof. Oladejo M. O & Akintunde Ambali. O & Dr. Yinus S.O, 2024. "Technological Accounting Practice and Financial Performance of Selected Listed Food and Beverage Manufacturing Firms in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(6), pages 2718-2729, June.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:6:p:2718-2729
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    References listed on IDEAS

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    1. Emrah Acar & Ismail Kocak & Yildiz Sey & David Arditi, 2005. "Use of information and communication technologies by small and medium-sized enterprises (SMEs) in building construction," Construction Management and Economics, Taylor & Francis Journals, vol. 23(7), pages 713-722.
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