Assessing The Impact of Computerized Accounting System on Financial Reporting of School Facilities In Tanzania

Abstract

The aim of this study was to assess the impact of computerized accounting system on financial reporting of school facilities in Tanzania; A case study of Babati Town Council. The specific objectives were to examine the impact of computerized accounting system on financial reporting of school facilities, to assess the challenges faced in school facilities when applying computerized accounting system for financial reporting and to assess whether the accountants or users of computerized accounting system prefer computerized accounting system to manual accounting system. The researcher employed a mixed research approach whereby a strategized sample size of 39 respondents was used to represent the targeted population of 43 users. The primary data was collected by using self-administered and an interview guide questionnaire. The data was processed and analyzed descriptively by using STATA which summarized the results into frequency distributions, percentages and histograms. It was found and concluded that computerized accounting system have got positive impact on financial reporting of school facilities, also is faced by challenges and also is preferred to manual accounting system. It was also recommended that although there is positive impact on financial reporting of school facilities and that it is preferred to manual accounting system, yet there are challenges facing it thus the Government is urged to address them so that users of computerized accounting systems smoothly prepare financial reports not only of the best quality, but also on time. Further studies on the same but in health facilities or procurement of accounting books or on economic benefits to computerized accounting systems developers were also suggested.