DIGITAL ACCOUNTING PRACTICES ADOPTION ON ORGANISATIONAL FINANCIAL DECISION MAKING IN OSUN STATE

Abstract

This study examined the impact of digital accounting practices adoption on organizational financial decision making in Osun State with objectives aimed to investigate the extent of digital accounting adoption, its effect on financial decision making, and its influence on the accuracy and quality of financial decisions. The study adopted descriptive survey design, targeting 124 respondents comprising business owners, financial officers, and decision makers across private and public organizations. Data were collected using questionnaire validated through experts review and pilot testing, with Cronbach Alpha coefficient of 0.964 indicating high reliability. Out of 124, 116 responses were received, coded and analyzed using descriptive statistics and chi square. Findings revealed high adoption of digital accounting practices with an overall of 82% (mean = 4.18) of respondents indicating positive usage. Regarding financial decision making, 70.5% (mean = 4.08) of respondents reported that digital accounting tools significantly enhance decision processes whereas 91.8% (mean = 4.33) agreed its improved accuracy and reduced errors in financial decisions. Chi square further shows significant relationships between digital accounting practices and financial decision making (χ² = 108.624, p = 0.000), quality of decisions (χ² = 125.465, p = 0.000), and accuracy of decisions (χ² = 160.560, p = 0.000) leading to rejection of H01, H02, and H03. Based on these results, the study concluded that digital accounting practices adoption significantly improves the reliability, quality, and accuracy of financial decisions in Osun State organizations. It is recommended that organizations should invest in continuous staff training and strong cybersecurity measures.