EFFECT OF CLOUD-BASED ACCOUNTING ON MANUFACTURING FIRMS IN NIGERIA A study of Twinstar Industries Ltd., Ogun State.

Abstract

The study examined the effect of Cloud-Based Accounting on Manufacturing firms in Nigeria, a study of Twinstar Industries Ltd., Ogun State. The aim of the study is to ascertain the effect of Cloud-Based Accounting on manufacturing firm policies and operations and to examine the effect of Information Technology on the performance of Manufacturing firms in Nigeria. The survey was conducted in a manufacturing firm in Ogun state, Nigeria with an approximate total of 261 staff. A total of 261 questionnaires were distributed Twinstar Industries Limited, Ogun state. Two-hundred and twenty-nine were retrieved representing 87.7% response rate. The dataset was analyzed using the Analysis of Variance statistics. The study concluded that immediate information access helps to get a clear picture of how your business is doing, and also to prepare for the market‘s future demands. It showed that Cloud-Based Accounting has significant impact on manufacturing firm policies and operations. It was recommended that there should be insights into the policymakers to better understand and enable them to implement suitable strategies to minimise potential damaging factors and improve current trends in their development.