A Research Report Submitted to Mzumbe University – Mbeya Campus College in Partial Fulfillment for the Award of Bachelor Degree of Accountancy and Finance in Business Sector (BAF-BS) of Mzumbe University
Information communication technology on computerized accounting system was intended to be effectively utilized in the company to bring impact in the accounting and organization performance. This study aimed at assessing the impact of computerized accounting system (CAS) for payments and storage of data within the company. Specifically, this study intended to assess the level of usage of computerized accounting system, assess organization performance, assess the challenges encountered with the use of computerized accounting systems, and to examine the relationship between computerized accounting system and the benefits of using computerized accounting system. The study used mainly primary data from 28 respondents selected using random sampling, and purposive sampling. This study employed both descriptive analysis and regression analysis. Under the descriptive analysis the study found that, all respondents surveyed in TANESCO use Computerized Accounting System. It was further found that about 70.37 per cent of respondents use ISCALA in accounting system in organization and 29.63 per cent use Excel. For security reasons about 66.7 per cent of respondents reported that only authorized users are allowed to use the accounting software and about 65 per cent reported that the computer installed with accounting software are not used for other purpose. This study went further to see if the type of an accounting system used has an impact on performance of the organization and it was found significant impact since there is a significant difference in the means of the three groups of users of accounting systems with higher performance being associated with ISCALA AND Microsoft excel. The respondents who agreed that the computerized accounting system increases the organization performance are 89 per cent and other 11 per cent did not agree because they don’t have the knowledge of using those accounting package. Also, the respondent reported that computerized accounting system necessitate training to staff which is a challenge, and reported that computerized accounting system caused loss of data, also they reported another challenge which is the additional running costs, others claimed it has resulted into wrong data entry. But the respondent reported that the company is taking measures to overcome these challenges.