RELATIONSHIP BETWEEN DIGITALIZED ACCOUNTING MANAGEMENT PRACTICES AND FINANCIAL REPORTING QUALITY OF SELECTED FEDERAL UNIVERSITIES IN SOUTHWEST, NIGERIA

Abstract

This study examined the relationship between digitalized accounting management practices and the financial reporting quality of selected federal universities in Southwest Nigeria. The study was motivated by the growing need for accountability, transparency, and efficiency in the financial management of higher education institutions amidst digital transformation. A survey research design was adopted, and structured questionnaires were administered to accounting and finance personnel across the selected universities. Data collected were analyzed using Pearson Product Moment Correlation (PPMC). The findings revealed indicated strong positive relationships among digital accounting dimensions, with high correlations between digital adoption, system use, and the accuracy, timeliness, and reliability of financial reports. The study concluded that the effectiveness of digitalized accounting in Nigerian universities does not depend merely on the presence of software but rather on the combination of adoption, user competence, supportive infrastructure, and managerial commitment. The results also underscored that when digital systems are embedded into daily workflows with adequate post-implementation support, the quality of financial reporting is significantly enhanced. Based on these findings, the study recommends stronger management commitment to digital initiatives, continuous training for accounting staff, improvement of ICT infrastructure, and regular monitoring to sustain system efficiency and reliability. These measures will not only improve financial reporting standards in federal universities but also strengthen accountability and stakeholder confidence in the Nigerian higher education sector.