Mummy Precious - Eunice

FEDERAL SCHOOL OF STATISTICS IBADAN CAMPUS
DEPARTMENT OF ACCOUNTANCY
OLUWAFEMI EUNICE MERCY
MATRIC NO:
BAM/FSS/IB/2022/10566
PROJECT SUPERVISOR
OLALEKAN TAJUDEEN BUSARI
THE IMPACT OF INFORMATION TECHNOLOGY IN ACCOUNTING SYSTEM
[A CASE STUDY OF UNILEVAR NIGERIA PLC]
SEPTEMBER 2024
i
CERTIFICATION/ CONSENT
I certify that this original research project was conducted by OLUWAFEMI EUNICE
MERCY (Matriculation number 10566) under my supervision in the Department of
Accountancy, Faculty of Management Sciences, Federal School of Statistics, Ibadan.
……………………………….. ……………
H.O.D MR NIYI OMOTOLA Date
Department of Accountancy,
Faculty of the Management Sciences,
Federal School of Statistics,
Ibadan.
ii
DEDICATION
This project is dedicated to God for His benevolent and magnificent presence during the
entire process of my project. Also, I dedicate it to my parents, Mr. and Mrs. OLUWAFEMI,
for their unwavering support throughout my academic journey.
iii
ACKNOWLEDGEMENT
All thanks and adorations are due to the Almighty God for his grace, love, mercy and
kindness over me throughout this period of my project.
I also want to appreciate my supervisor MR. OLALEKAN T.B. for his supervision and his
patience to guide me through this project. God bless you sir.
To my H.O.D MR NIYI OMOTOLA. God bless you for your support Sir
Also, I want to express appreciation to my family; MR. and MRS. Oluwafemi for their love,
motivation, guidance and support in every aspect. I pray that God’s love will never depart
from you, I love you.
Finally, to all my friends and all respondents that responded to the questionnaire I used, God
bless you because without you this project can never be completed.
iv
TABLE OF CONTENTS
Title Page i
Certification/ consent ii
Dedication iii
Acknowledgement iv
Table of Contents v
Abstract viii
CHAPTER ONE 1
1.0 Introduction 1
1.1 Background to the Study 1
1.2 Statement of the Problem/ Problem Statement 3
1.3 Objectives of the Study/ Aim of the Research 4
1.4 Research Questions 5
1.5 Research Hypothesis 5
1.6 Significance of the Study 5
1.7 Scope of the Study 6
1.8 Historical Background of the Case Study 8

1.9 Definition of Terms 9
CHAPTER TWO
2.0 Literature Review 11
2.1 Conceptual Review 12
2.2 Theoretical Review 15
2.3 Empirical Review 16
2.4 Summary 17
v
CHAPTER THREE
3.0 Research Methodology 19
3.1 Research Design 19
3.2. Population of the study{in figure} 21
3.3 Sampling Technique and Sample Size Determination {in figures} 22
3.4 Sources of Data--- Primary and Secondary or both Sources 24
3.5 Data Collection Instrument, Validity and Reliability of the Instrument (s) 24
3.6 Procedure/Method of Data Collection and Analysis 26
3.7 Limitation of the study 27
CHAPTER FOUR
4.0 DATA ANALYSIS AND DISCUSSION OF FINDINGS 29
4.0 Introduction 29
4.1 Presentation of Data 31
4.2 Data Analysis 34
4.3 Discussion of Findings 38
CHAPTER FIVE
5.0 SUMMARY, CONCLUSIONS, RECOMMENDATIONS AND LIMITATION (S)
5.1 Summary 40
5.2 Conclusion 41
5.3 Recommendations 42
5.4 LIMITATIONS FOR FURTHER STUDIES 42
References 44
Appendix 48
vi
ABSTRACT
This study examines the impact of information technology (IT) on the accounting system at
Unilever Nigeria PLC, a leading multinational corporation in the consumer goods sector. The
research explores how IT integration has transformed accounting practices within the
organization, focusing on efficiency, accuracy, and decision-making. As businesses
increasingly rely on advanced technologies to streamline operations, the role of IT in
accounting has become crucial. This study investigates the extent to which IT has improved
the accounting system's performance at Unilever Nigeria PLC, contributing to better financial
reporting, data management, and overall organizational effectiveness.
The research adopts a quantitative approach, utilizing surveys and interviews with 70
employees and management staff within the accounting department at Unilever Nigeria
PLC’s head office in Lagos. The study’s findings indicate that IT integration has significantly
enhanced the efficiency and accuracy of accounting processes, leading to improved financial
decision-making. Moreover, the adoption of IT tools and software has facilitated real-time
data processing, reducing errors and enabling more accurate financial reporting.
This research highlights the critical role of IT in modern accounting systems, emphasizing its
impact on organizational performance and decision-making. The study provides valuable
insights for companies looking to leverage technology in their accounting practices, ensuring
competitiveness and sustainability in the dynamic business environment.
Keywords: Information Technology, Accounting System, Unilever Nigeria PLC

Word Count: 208
vii

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FEDERAL SCHOOL OF STATISTICS IBADAN CAMPUS

OLUWAFEMI EUNICE MERCY

OLALEKAN TAJUDEEN BUSARI

THE IMPACT OF INFORMATION TECHNOLOGY IN ACCOUNTING SYSTEM

[A CASE STUDY OF UNILEVAR NIGERIA PLC]

H.O.D MR NIYI OMOTOLA Date

Faculty of the Management Sciences,

Federal School of Statistics,

for their unwavering support throughout my academic journey.

kindness over me throughout this period of my project.

patience to guide me through this project. God bless you sir.

from you, I love you.

1.1 Background to the Study 1

1.2 Statement of the Problem/ Problem Statement 3

1.3 Objectives of the Study/ Aim of the Research 4

1.4 Research Questions 5

1.5 Research Hypothesis 5

1.6 Significance of the Study 5

1.7 Scope of the Study 6

1.8 Historical Background of the Case Study 8

2.0 Literature Review 11

2.1 Conceptual Review 12

2.2 Theoretical Review 15

2.3 Empirical Review 16

3.0 Research Methodology 19

3.1 Research Design 19

3.2. Population of the study{in figure} 21

3.3 Sampling Technique and Sample Size Determination {in figures} 22

3.4 Sources of Data--- Primary and Secondary or both Sources 24

3.6 Procedure/Method of Data Collection and Analysis 26

3.7 Limitation of the study 27

4.0 DATA ANALYSIS AND DISCUSSION OF FINDINGS 29

4.1 Presentation of Data 31

4.2 Data Analysis 34

4.3 Discussion of Findings 38

5.0 SUMMARY, CONCLUSIONS, RECOMMENDATIONS AND LIMITATION (S)

5.4 LIMITATIONS FOR FURTHER STUDIES 42

Keywords: Information Technology, Accounting System, Unilever Nigeria PLC

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