ABSTRACT

The field of accounting was perhaps the first domain of business in which IT tools and techniques were being applied. Although the application of IT was first undertaken on the basic accounting systems, financial modelling packages soon proved highly beneficial in the analytical aspects of accounting (Carr 1985; Clark and Cooper 1985). In the 1980s, some commentators were of the view that the pace of IT adoption by accounting as a profession was considered low due to the conservative approach of its practitioners (Barras and Swann 1984). However, by the late 1990s, the profession had been compelled to adopt computerised mechanisms in its operations as a way of promoting efficiency, withstanding competition and reducing expenses.