The influence of artificial intelligence-based accounting tools on the accuracy and timeliness of financial reporting - evidence from selected small and medium enterprises in Nigeria Department:Accountancy By: Kpishi Project ID: 9313 Rating: (5.0) votes: 1 Price:₦5000 Get the Complete MaterialAbstractThis examined the influence of Artificial Intelligence (AI)-based accounting tools on the accuracy and timeliness of financial reporting among selected Small and Medium Enterprises (SMEs) in Nigeria. The increasing adoption of AI technologies has transformed accounting practices by improving data processing, reducing human errors, and enhancing the quality of financial information. However, the extent to which these technologies influence financial reporting among SMEs remains an important area of investigation. The specific objectives were to examine the effect of AI-based accounting tools on the accuracy and timeliness of financial reporting, assess the level of AI adoption among selected SMEs, identify the factors affecting their adoption and utilization, and investigate the relationship between AI adoption and the quality of financial reporting. A descriptive survey research design was adopted. Primary data were collected through a structured questionnaire administered to employees of selected SMEs in Nigeria. A total of one hundred and thirty-three (133) valid questionnaires were retrieved and analyzed using the Statistical Package for the Social Sciences (SPSS). The findings revealed that AI-based accounting tools significantly improve the accuracy and timeliness of financial reporting. A high level of AI adoption was observed among the selected SMEs, although implementation cost, inadequate technical expertise, poor internet connectivity, and cybersecurity concerns were identified as major challenges. The study also established a significant positive relationship between AI adoption and the quality of financial reporting. The study concluded that AI-based accounting tools enhance the accuracy, timeliness, reliability, transparency, and overall quality of financial reporting. It recommended increased investment in AI technologies, continuous employee training, improved technological infrastructure, and stronger cybersecurity measures to maximize the benefits of AI adoption among SMEs in Nigeria. Keywords: Artificial Intelligence, Accounting, AI-Based Accounting Tools, Financial Reporting, Accuracy, Timeliness, Small and Medium Enterprises (SMEs), Nigeria....Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»The impact of development finance institutions (DFIS) in economic development of Nigeria»Auditing in Nigeria companies, problems and prospects»Effect of misrepresentation of information in a financial statement»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»The effects of computerized accounting system on the performance of banking industry in Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )