Abstract
This research investigates the impact of digitalization on accounting practices in Nigeria, focusing specifically on cloud accounting, the Internet of Things (IoT), big data, and blockchain technology. The study aims to assess how these technologies influence the accounting profession in Nigeria, considering their adoption stages and associated challenges.
To achieve this, a cross-sectional research design was employed, collecting primary data through questionnaires distributed randomly to accounting professionals across companies in Benin City and in Edo State by extension. This approach ensured a diverse and representative sample, allowing for robust analysis. The study utilized both descriptive and inferential statistics, including multiple regression analysis via SPSS, to analyze collected data.
The findings reveal that cloud accounting, big data, and blockchain technology have a positive and significant impact on accounting practices in Nigeria, while IoT shows a positive but insignificant effect. These results highlight the transformative potential of digital technologies in the accounting sector in Nigeria, emphasizing the need for continued investment and education.
The study offers valuable insights for academics, practitioners, and policymakers interested in the digitalization of accounting practices in Nigeria.
