Place of Information and Communication Technology (ICT) in Accounting Practice

Abstract

This study conceptually examines the place of information and communication technology (ICT) in accounting practice. This is a library study where existing literature on the subject matter were reviewed so as to ascertain the effect of ICT on accounting practices. The study concludes that there is a significant impact of ICT on accounting systems. It was also observed that ICT has had great impacts on accounting system and organizational performance. In view of this, the study recommends amongst others that managers when implementing ICT should consider the external factors and how they affect adoption procedures. Also, staff training should always be provided in firm that wishes to evolve with ICT, so as to increase staff participation and not to make them redundant and unproductive.