Influence of Leadership Styles on Management of Change Resistance in Selected Organization’s in Lagos State, Nigeria.

  • Betty Oluwayemisi Ali-Momoh
  • Aderemi Daniel ADEKANMI
  • Folasade Funmi OLORUNSOLA
Keywords: mechanized accounting, computerized accounting systems, hardware, software, databases, networking, financial reporting, auditing, decision-making.

Abstract

This study provides a comprehensive conceptual exploration of mechanized accounting, specifically focusing on the application of computers and related systems to business accounts. With the advancements in technology, computers have revolutionized the accounting profession, enabling more efficient and accurate processing of financial data. This paper discusses the key elements of mechanized accounting, including hardware and software components, databases, and networking. It also explores the benefits and challenges associated with mechanized accounting, such as increased productivity, data security concerns, and the need for skilled professionals. The paper further examines the impact of mechanized accounting on various aspects of business operations, including financial reporting, auditing, and decision-making. In-text citations from relevant sources are provided throughout the paper to support the discussion. The study find that mechanized accounting enhance financial management processes by integrating computer technology and related system. This study concludes that mechanized accounting has emerged as a powerful tool for businesses to enhance their financial management processes. The study recommends that business need to continuously conduct a thorough needs assessment; select the right accounting software; ensure data integrity and security; provide comprehensive training and support; foster a culture of continuous improvement; regularly review and update internal controls; and stay informed about regulatory changes to optimize the benefits of mechanized accounting systems.


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Published
2023-12-26