TECHNOLOGICAL INNOVATION AND DIGITAL TRANSFORMATION IN FINANCIAL ACCOUNTING AND CORPORATE REPORTING: A COMPARATIVE CONTEXT OF ZENITH BANK AND GTCO NIG. PLC
Abstract
This study examines the impact of technological innovation and digital transformation on financial
accounting and corporate reporting, with a comparative analysis of selected Nigerian banks. The specific
objectives were to evaluate the effect of technological innovation on financial reporting quality, assess the
influence of digital transformation on corporate reporting practices, and determine the relationship
between technological adoption and decision-making effectiveness. A survey research design was adopted,
and data were collected from accounting and IT professionals using structured questionnaires. Statistical
tools such as regression, correlation, and ANOVA were employed for analysis. The findings reveal that
technological innovation has a strong positive and significant effect on financial reporting quality. Digital
transformation also significantly improves the transparency, reliability, and timeliness of financial reports.
In addition, the study finds a significant relationship between technological adoption and effective
managerial decision-making. The study concludes that digital technologies are critical drivers of efficient
accounting systems and high-quality corporate reporting. The implications of these findings suggest that
organizations that invest in modern technologies gain improved operational efficiency, enhanced reporting
standards, and better strategic decision-making. Consequently, firms are encouraged to adopt and
effectively implement digital accounting systems to remain competitive.
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Published in Journal of Finance, Governance & Strategic Studies
ISSN: 2714-2573
This article appears in our peer-reviewed academic journal
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