Implementation of Accounting Technology and Financial Reporting Quality of Quoted Epos it Money Banks in Nigeria

Evidence from the literature reveal that the usefulness of accounting data is the idea to improve value relevance of accounting information in the financial report. Accounting information systems are considered the backbone of information systems in the banks, as they summarize the events and operations that occurred in the bank and provide rational and reasonable results necessary for effective decision making (Akande, 2011).Accounting information system (AIS) is useful in all types of organizations especially the banking industry where the survival and growth of such organization depend to a large extent, on supplying effective accounting information to internal and external users The purpose of accounting information is to provide decision makers like investors, creditors, and managers with information to support their decisions (Ahmad, 2011). Literature revealed that financial information stated in financial statements is an avenue for the corporate firm to communicate their internal and external users on financial position the firm, financial information should be presented completely and free from error (Sulaimon, 2011). Furthermore, literature shows that financial accounting information acts as a control mechanism for monitoring organization operational activities through their financial disclosure.The widespread failure in the financial information quality has created the need to improve the financial information Abstract: Accounting technology combines the study and practice of accounting with the design, implementation, and monitoring of information systems. Such systems use modern information technology resources in conjunction with traditional accounting controls and methods to provide users with the information necessary to manage the organization. Studies in this regard focusing on Nigeria bank were few and worthy of exploration. In line to this, the study evaluate the factors influencing the implementation of accounting technology practice and it alteration on the basic accounting procedure in the selected deposit money banks in Nigeria. Primary data were employed. Ten deposit money banks in Nigeria were purposively selected for the study. Three hundred copies of a questionnaire were administered randomly on the selected staff of the 10 deposit money banks sampled out of which two hundred and sixty were returned and used for the study. Data collected were analysed using descriptive statistics .Result revealed that all considered variables; Bank Size (BS), Cost of ICT Deployment (CID), Perceived Ease of Use (PEOU) and Perceived Benefit (PB) influenced accounting technology implementation and that accounting technology practice has not altered the basic accounting procedure but rather improved the timeliness of report generation. . In view of the above findings it is recommended that Nigeria Banks should create more awareness to group users of financial information on the benefits entails to accounting technology usage.