INFLUENCE OF DIGITAL TECHNOLOGIES ON THE ACCOUNTING PERFORMANCE OF LISTED DEPOSIT MONEY BANKS IN NIGERIA

This study investigates the effect of digital technologies on the accounting
performance of listed deposit money banks in Nigeria from 2014 to 2024. The
main objective was to determine how digital technologies influence accounting
efficiency and reporting practices in the banking sector. Specifically, the study
examined the effect of digital technologies on financial reporting quality,
profitability reporting efficiency, and cost efficiency in accounting operations.
The study adopted an ex-post facto research design and relied on secondary
data obtained from the annual reports of selected deposit money banks in
Nigeria. A purposive sampling technique was employed to select banks with
complete and consistent financial data, resulting in a balanced panel dataset of
110 observations. Data analysis was conducted using descriptive statistics,
correlation analysis, and panel regression techniques with the aid of EViews
software. The empirical findings revealed that digital technologies significantly
improved financial reporting quality and profitability reporting efficiency by
enhancing the accuracy, reliability, and speed of accounting information. The
study also found that digital technologies significantly reduced operational
costs associated with accounting activities. The overall regression model
showed statistical significance with moderate explanatory power. The study
recommended continuous investment in advanced digital systems, staff
training, and stronger cybersecurity measures. The findings imply that digital
transformation enhances organizational efficiency and strengthens
transparency and accountability in the Nigerian banking industry.This study investigates the effect of digital technologies on the accountingperformance of listed deposit money banks in Nigeria from 2014 to 2024. The
main objective was to determine how digital technologies influence accounting
efficiency and reporting practices in the banking sector. Specifically, the study
examined the effect of digital technologies on financial reporting quality,
profitability reporting efficiency, and cost efficiency in accounting operations.
The study adopted an ex-post facto research design and relied on secondary
data obtained from the annual reports of selected deposit money banks in
Nigeria. A purposive sampling technique was employed to select banks with
complete and consistent financial data, resulting in a balanced panel dataset of
110 observations. Data analysis was conducted using descriptive statistics,
correlation analysis, and panel regression techniques with the aid of EViews
software. The empirical findings revealed that digital technologies significantly
improved financial reporting quality and profitability reporting efficiency by
enhancing the accuracy, reliability, and speed of accounting information. The
study also found that digital technologies significantly reduced operational
costs associated with accounting activities. The overall regression model
showed statistical significance with moderate explanatory power. The study
recommended continuous investment in advanced digital systems, staff
training, and stronger cybersecurity measures. The findings imply that digital
transformation enhances organizational efficiency and strengthens
transparency and accountability in the Nigerian banking industry.