The Impact of Insecurity regarding Technology on Usage of Computer Based Accounting Practises among the Small Scale Business Owners in Nuwara Eliya District

Abstract

Technology has influenced the accounting field by reducing the work load since that the task that normally would take at least five persons to perform can be accomplished by one accountant. Advent of the computerized accounting practices equally affected to the organizations in both developed and developing countries. As introducing new technologies, the manual accounting systems have become gradually inadequate for decision needs.

The major objective of the research paper is to explore the impact of Insecurity regarding the Technology on their Usage of Computer based Accounting Practices among small scale businesses. Moreover, it tries to evaluate the level of Insecurity regarding the Technology and the level of the Usage of Computer based Accounting Practices among small scale businesses. And ultimately it tries to find out the relationship between Insecurity and the Usage of Computer based Accounting Practices among the small scale businesses.

The study was conducted among the sample of hundred small business owners who were randomly selected from Nuwara Eliya district in Sri Lanka. The data analysis included the Univariate analysis (descriptive), Cross Tabulation analysis and Bivariate analysis. Considering the variable, Usage of Computer Based Accounting Practices among small scale businesses in Nuwara Eliya district is in low level and the influence of the Insecurity regarding the Technology is also in low level. The Pearson’s correlation analysis explores that there is a negative but insignificant linear relationship between Insecurity regarding the Technology and the Usage of Computer based Accounting Practices. Regression analysis has proved that Insecurity regarding the Technology of small business owners shall be considered as a strategic tool but because of the high technology readiness among the small business owners the Insecurity is not major predictor of Usage of Computer based Accounting Systems.

Keywords: Computer Based Accounting; Insecurity