Abstract:
This paper presents the impact of Effectiveness of Computerized Accounting Systems
on Financial Decision Making of Listed Companies. Primary and secondary data were
used in this study. The primary sources include the use of questionnaires while the
secondary data were including published annual reports for the period of 2019 mainly.
Such as text books, article and other important write-up in various journals. The study
variables consist of both dependent variable and independent variables, with internal
Control System, System Sophistication, System Flexibility, Security System and
Infrastructure being the independent variable and Financial Decision-Making being the
dependent variable. Proportionate Stratified sampling equation is adopted to arrive at
sample size of 166, out of 285 listed companies in Sri Lanka. A questionnaire is
designed using Five- Point Likert Scales and distributed through Google Forms to the
Accounting Officers of the listed companies.
For the purpose of this research, frequency analysis, descriptive analysis, correlation
analysis and simple regression analysis under univariate analysis and multiple
regression analysis has been conducted. According to descriptive analysis, level of
CAIS effectiveness and financial decision making are high level in listed companies of
Sri Lanka. Based on result of the correlation analysis, there is a significant relationship
between variables and as per the regression analysis, there is a significant impact of
accounting information system effectiveness on financial decision making of listed
companies in Sri Lanka.
Based on the study results, researcher recommends to maintain the highest levels 0f
Computerized Accounting System effectiveness by keeping pace with the latest
developments in the fields such as internal control system, System Sophistication,
system flexibility, security system and infrastructure. Therefore, maintaining a high
level of accounting information system effectiveness will be an advantage to raise the
financial decision making of listed companies of Sri Lanka
