CLOUD ACCOUNTING SOFTWARES AND FINANCIAL PERFORMANCE: A STUDY OF QUOTED MANUFACTURING FIRMS IN NIGERIA

Abstract

The study examined the effect of cloud accounting Software and Return on Assets (ROA): A study of quoted manufacturing firms in Nigeria. The study adopted ex-post-facto research design. Secondary data were sourced from CBN bulletin, national bureau of statistics and the firm’s financial report. Data collected were analyzed using multi- linear regression. From the analysis, result showed that adoption and use of cloud accounting software enhances the performance of firms in terms of their return on asset and general growth. This will in turn boost investor’s confidence and increase firms return on equity. Based on this the study, it was recommended that firms that has not started using cloud accounting software, should ensure to adopt it as this will help to boost their performance.