PEOPLE'S PERCEPTIONS ON ICT USAGE IN ACCOUNTING PRACTICES AT BENGALURU CITY

Abstract

This study set out to explore the perception of Information and Communication Technology (ICT) and its role in enhancing the efficiency and speed of accounting practices within India. Specifically, it investigates how the integration of ICT contributes to effective resource management in various accounting tasks. The implementation of computerized accounting systems empowers companies to swiftly and seamlessly generate individualized reports that are crucial for informed management decision-making. The advantages offered by these advanced systems encompass a wide array of functionalities, including enhanced operational capabilities, increased accuracy in data handling, expedited processing times, and improved external reporting standards. To gather insights for this study, a survey method was employed, utilizing simple random sampling to ensure a representative sample. Data collection was facilitated through a structured questionnaire that measured responses on a five-point Likert scale. To evaluate the reliability of the collected data, Cronbach's Alpha statistical technique was applied. For the analysis, one-way ANOVA was utilized to draw meaningful conclusions from the data obtained. The results revealed a noteworthy trend: the perception of ICT is positively correlated with the efficiency of accounting practices. This relationship indicates that the use of technology not only helps in minimizing errors but also plays a significant role in preventing malpractices in the accounting field across India. Through this research, the critical impact of ICT in streamlining accounting processes and improving overall management capabilities has been underscored.