Integrated Innovation and Hospitality College Inc.

,
Dela Rama Building Buenamar Street, [Link] Proper Novaliches Quezon City
COLLEGE OF ACCOUNTANCY MANAGEMENT

BS Accountancy Student’s Effectiveness of Adaption

Accounting Software in Financial Reporting Practices
in Quezon City

A Research Paper Presented to The Faculty of the

IIH COLLEGE Novaliches Campus Novaliches,
Quezon City

In partial fulfillment of the

requirements for the Bachelor of
Science in Accountancy
Management

Prof. Jerome A. Barcial, MAEd, LPT

By
Abril, Juvy Mae T.
Acenas, Carmelen Joy N.
Barsolo, Marjurie A.
Cruz, Renzy Dianne B.
Del Castillo, Maruja P.
Ponpon, Sunshine D.
Sumbilla, Joanan Mae A.

January 2025
APPROVAL
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Approved by the panel on ORAL EXAMINATION on January 11, 2024, with the grade of
____.

Dante C. Ador
Panelist

Jerome A. Barcial, MAEd, LPT

Accepted in partial fulfillment of the requirements for the Degree Bachelor of Science in
Accountancy and Accounting Information Systems.

Dante C. Ador
Program Head
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COLLEGE OF ACCOUNTANCY MANAGEMENT

CERTIFICATE OF ORIGINALITY

This is to certify that the research work presented in the Quantitative research
entitled “BS Accountancy Student’s Effectiveness of Adaption Accounting Software in
Financial Reporting Practices in Quezon City” embodies the result of original and scholarly
work carried out by the undersigned. This research does not contain words or ideas taken from
published sources or written works by other persons which have been accepted as basis for the
award from any degree from other higher education institutions, except where proper
referencing and acknowledgement were made.

Abril, Juvy Mae T.

Acenas, Carmelen Joy N.
Barsolo, Marjurie A.
Cruz, Renzy Dianne B.
Del Castillo, Maruja P.
Ponpon, Sunshine D.
Sumbilla, Joanan Mae A.
Researcher

Approved and noted by:

JEROME A. BARCIAL, MAEd, LPT
Research Professor

ACKNOWLEDGEMENT

The researchers would like to express their deepest gratitude to the following people
who have extended their contributions and assistance in making this study possible.
 Integrated Innovation and Hospitality College Inc.,
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COLLEGE OF ACCOUNTANCY MANAGEMENT

Dr. Joey Q. Manalo & Dr. Marizen Manalo, School President and Vice President of
Integrated, Innovation and Hospitality College, Inc, for providing as a second home to learned
and to enhance our knowledge.
Ms. Diana Marie M. Dalisay, Program Coordinator and College Professor for her
encouragement, suggestions, recommendations, and approval of this study.
Sincerest thanks to our respective adviser, Jerome Barcial, MAEd, LPT. whose genuine
apprehension, continuous support, guidance, and who’s expertise and knowledge were
generously shared that helped us bring this study into reality.
Ms. Maria Loida SP. Perez, Manager of Airbnb Quezon City for giving us her support and trust
in all aspects for the success of the study.
The researchers would also like to thank the kind-hearted, approachable, and
accommodating Management Staff and local customers of Airbnb in Quezon City, for
collaborating in the study.
And to those people who were not mentioned but helped us to finish this study, thank
you very much. This success would be impossible without the help of every single one of you.
Above all, to Almighty God, who is the source of life and wisdom, for His bountiful blessings
and guidance throughout the study of the researchers and for its success.

A.J.M
A.C.N
B.M.A
C.R.B
D.M.P
P.S.D
S.J.M.A

DEDICATION
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Above all, we would like to dedicate this study wholeheartedly to our Almighty God, who
have us strength, knowledge, and wisdom to surpass all trials and hindrances in everyday life.
To our beloved parents, who have been our source of inspiration and strength, who
provided moral, emotional, and spiritual support despite many obstacles in life.
To our brothers & sisters, relatives, friends, mentors, and instructors who shared their
words of advice, did not turn their back despite the ups and downs that we encountered and
unending encouragement to finish this study.
To our professor, Jerome A. Barcial, MAEd, LPT., who gave his time, patience, and
efforts to check this study, warm suggestions, support, and recommendations to make this study
a successful one.

A.J.M
A.C.N
B.M.A
C.R.B
D.M.P
P.S.D
S.J.M.A

Chapter 1
THE PROBLEM AND ITS BACKGROUND
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This chapter discusses the introduction, background, research problem, and purpose
statements. Furthermore, details about the context and focus of the present study are also
presented in this chapter which includes the hypothesis.

INTRODUCTION
Educational institutions have adapted their courses to incorporate education on
accounting software programs. This adaptation is particularly critical for students, especially
those pursuing a Bachelor of Science in Accountancy. The integration of accounting software
courses equips students with essential skills necessary for their future careers in the business
world. By familiarizing themselves with accounting software during their undergraduate
studies, BS Accountancy students are better prepared to navigate the evolving industry demands
and contribute effectively to the organizations they will join upon.
In Quezon City, Philippines, a new generation of accountants is emerging, with
countless business and educational opportunities ahead. The perspectives of BS Accountancy
students on this technological transformation are significant. Their capacity to spot trends,
preferences, and embrace new technology is critical to their professional development and the
industry's future. As technology rapidly transforms the accounting business, understanding the
viewpoints of BS Accountancy students in Quezon City is critical. These prospective
accountants are entering a rapidly evolving sector because to automation, data analytics, and
cloud-based accounting software (ICAEW, 2020).
Accounting Information Systems have been influenced by Information Technology (IT)
over the years, making the work and roles of divestiture, acquisitions, and mergers (Baxter,
2006). Despite the obvious benefits derivable from the use of manual accounting by BS
Accountancy students, accounting software is still very popular and used liberally by
accountants to complete the output. Many firms, especially the ones with meager resources, are
tools for traditional responsibilities such as planning, budgeting, forecasting, as well as newer
decision-making responsibilities (Ansari & Block, 2008; Butler, 2000; Panko, 2007). They are
used for tracking business process data, modeling management decisions, and confirming the
total entered into the accounting system, influencing the values attributed to each item in the
financial statement (Baxter, 2006; PWC, 2006; Walter & Pergola, 2013).
Accounting software plays a crucial role in modern financial reporting practices,
offering efficiency, accuracy, and automation in the accounting processes of organizations. The
adaption of accounting software has become increasingly prevalent among businesses and
accounting professionals, revolutionizing the way financial information is managed and
reported. In the context of Quezon City, Philippines, where the field of accountancy is rapidly
evolving, understanding BS Accountancy students' perceptions of using accounting software in
financial reporting practices is essential for preparing future professionals to navigate the
complexities of the industry.
The use of accounting software in financial reporting offers numerous advantages,
including improved data accuracy, streamlined reporting processes, and enhanced data security.
With the integration of advanced features such as real-time data updates, automated
calculations, and customizable reporting templates, accounting software provides users with the
tools to generate timely and accurate financial reports. Additionally, the adaption of accounting
software
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allows organizations to comply with regulatory requirements and maintain transparency and
accountability in their financial reporting practices.
In the vibrant heart of the Philippines, Quezon City pulses with the ambition of a new
generation eager to leave its mark on the world. Among them are the BS Accountancy students
honing their skills across the city's numerous tertiary institutions. These digital natives, having
grown up in an era defined by technological advancements, are uniquely positioned to thrive in
the digital future of accounting. This research ventures into the classrooms and computer labs of
Quezon City to understand the digital DNA of these aspiring accountants.
A new chapter unfolds for BS Accountancy students as they navigate the intersection of
tradition and technology. As the digital era sweeps through academic corridors, the adaption of
accounting software emerges as a transformative force in financial reporting practices. As BS
Accountancy students at IIH College embark on their educational journey, the significance of
understanding their perspectives on the adaption of accounting software in Quezon City
becomes increasingly apparent. With every key pressed and piece of information inputted,
students at IIH Colleges begin a voyage towards software tools that influence the future of
accounting.
Beyond the simple acknowledgment of developed technologies, it delves into the heart
of the matter by examining how BS Accountancy students perceive the usefulness, usability,
and overall impact of accounting software on their learning and future careers. Furthermore, this
research seeks to uncover potential disparities in technology adaption and acceptance based on
factors such as access to resources, prior exposure to technology, and overall comfort levels
with digital learning environments (Ajzen, 1991).

BACKGROUND OF THE STUDY

The Philippines, a thriving economy in Southeast Asia, has established its own set of
accounting standards known as Philippine Financial Reporting Standards (PFRS), which are in
line with International Financial Reporting Standards (IFRS), making them recognized
internationally and easier to compare financial statements across countries. While the
Philippines adheres to its own set of financial reporting standards, the underlying principles are
greatly influenced by Generally Accepted Accounting Principles (GAAP).
Delving into the history of accounting software unveils a captivating journey from the
first groundbreaking innovations to the modern-day solutions that revolutionize financial
management. As businesses strive for efficiency and accuracy in their accounting practices,
understanding the evolution of accounting software becomes essential. Throughout the
centuries, accounting has evolved from manual bookkeeping to complex computerized systems,
streamlining processes and transforming the way organizations handle their financial data. By
examining the historical milestones, influential technologies, and notable advancements, we
gain a deeper appreciation for the role accounting software plays in today's financial reporting.
Accounting software should be used in a way that adheres to relevant financial reporting
standards, such as PFRS or IFRS. To maintain financial transparency and credibility, it is
important to familiarize oneself with Generally Accepted Accounting Principles (GAAP) rules
and standards, as this will serve as a guide for financial reporting and recording practices for
companies, so investors and stakeholders can make informed decisions.
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The increased reliance on accounting software necessitates a strong understanding of the

rules and regulations governing its use in financial reporting practices. Using accounting
software in accordance with regulations helps ensure the software produces accurate financial
statements that reflect the true financial position of a company. These fosters trust with
investors, creditors, and other stakeholders who rely on this information for decision-making.
Financial reporting is the cornerstone of transparency and accountability in any business
organization. Traditionally, this has been a manual and time-consuming process, relying on
paper ledgers and spreadsheets. However, throughout time, technology has demonstrated its
ability to facilitate everyday tasks, work, and overall, our way of life easier and faster. The rise
of accounting software has revolutionized the field, offering significant benefits for efficiency,
accuracy, and data analysis. Accounting software makes it easier for users, especially
accountants, to carry out their duties and perform financial procedures.
In addition, this software can provide users quick access to their financial records and
insight towards the financial health of their businesses. Over the years, numerous accounting
software applications have been developed, including Sage Business Cloud, GnuCash,
QuickBooks, Xero, and many more. Although these softwares are used for a variety of
purposes, they all serve the same goal; to ease the work of accounting and make business
transactions faster. Bookkeeping software started to become more generalized and user-friendly
with the first spreadsheet software made by Visicalc. This made it feasible to carry out financial
modeling on a computer. Peachtree Software devised an accounting software package that could
work on early personal computers. Soon after, a growing number of businesses started to see the
value of buying a computer.
The time went by swiftly, it was now possible for accountants to manage and audit
accounts electronically. It was even possible to run audits at long-distances. Today, cloud
computing allows the storage of large amounts of data online. The software has all the modern
day functions that make accounting easier. Gone are the days of bulky ring files and stacks of
paper. If all the documents, records and accounts are stored correctly, they will be at hand with
the simple touch of a button, wherever you may be on the planet.
With the advent of accounting software, students may now complete accounting tasks
more easily than they could in the past when they had to perform it manually. Students can use
accounting software such as MYOB Business Accounting, QuickBooks Desktop Enterprise,
SAP software, S/4 HANA software, QNE software, Freshbooks, Oracle Netsuite software, and
many more. These software applications offer features such as real-time reporting, transaction
processing, registration management, attendance tracking, and financial management tailored to
the needs of educational institutions, which would be a great advantage for students to have
knowledge in using accounting software and exercise their skills and ability.
At the heart of the Philippines' economic engine is a new generation of financial
warriors, the BS Accountancy students in Quezon City. The adaption of accounting software in
accounting education is a topic of ongoing debate, with students' perceptions playing a crucial
role in its success. This exploration delves into the potential benefits and drawbacks of
accounting software, examining whether it serves as a valuable tool for mastering financial
reporting or risks hindering the development of fundamental skills. As the researchers embark
on this research expedition, one thing is certain: the answers lie within the minds of these future
accounting warriors, and their perceptions will shape the financial landscape of tomorrow.
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STATEMENT OF THE PROBLEM

The study aimed to determine BS Accountancy Student’s Effectives of Adaption

Accounting Software in Financial Reporting Practices in Quezon City.

Specifically, the study sought answers to the following questions.

1. What is the demographic profile of the respondents in terms of;

1.1 age,

1.2 sex,

1.3 school and,

1.4 setting of experience?

2. How effectively does the school addresses the importance of data privacy rules and
regulations when using accounting software for financial reporting?

3. Are there opportunities available for BS Accountancy students in Quezon City to gain
experience with accounting software?

4. To what extent do BS Accountancy students see accounting software as an opportunity

to develop and adapt to the changing demands of the accounting professions?

5. Do BS Accountancy students that prefer traditional manual methods exhibit resistance to

learning and utilizing accounting software?
HYPOTHESES

HO1: The advantages of certain BS Accountancy students for traditional manual recordkeeping
methods does not impact their reluctance to embrace accounting software.

HO2: The advantages of using accounting software as an opportunity to develop new skills and
adapt to the changing demands of the accounting profession varies among BS Accountancy
students.

SCOPE AND DELIMITATION

The researcher will exclusively engage with Quezon City schools that use accounting
software, such as MYOB business accounting, SAP software, H/4 HANA, QuickBooks desktop
enterprise, and others, in their financial reporting procedures. This study no longer covers other
schools in Quezon City that do not utilize accounting software.
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BS Accountancy students who have experience utilizing accounting software in their

curriculum, particularly in Quezon City, will be chosen to be the subject of the study because,
unlike any other college that only offers the traditional method of recording financial
transactions using spreadsheets and paper ledgers, practicing with accounting software provides
the students with the opportunity to learn to minimize errors common in manual processes.
Accounting software often includes features like data validation and automatic calculations,
reducing the risk of mistakes that can significantly impact financial statements.
The scope of this research are the BS Accountancy students who have been provided the
opportunity to learn how to utilize an Accounting Software, in any colleges within Quezon City.

SIGNIFICANCE OF THE STUDY

The researchers believe that this study will help a wide range of different individuals.

Professor: This study will guide the professor to insights into student perceptions. It can
guide educators in adopting more effective teaching methods for technology-driven accounting
practices.
Student: This will help them realize whether the knowledge and skills developed in the
program would be useful to them in their future careers. It will also encourage them to
appreciate and pursue their course.
Future Accountant: This study will provide information to the students that can help
them in future purposes.
Future Researcher: This study will help some future researchers in gathering relevant
information for their research related to the study.

Chapter 2
REVIEW OF RELATED LITERATURE AND STUDIES

In this chapter, we, the researchers, shall present different literature coming from books,
academic journals, and websites from different parts of the world.

The integration of technology and software tools has significantly transformed the
landscape of learning, particularly in the field of financial reporting practices. The adaption of
accounting software has emerged as a pivotal component in shaping the skills and competencies
of Bachelor of Science in Accountancy (BS Accountancy) students, equipping them with the
necessary tools to navigate the complexities of modern financial reporting. In the context of
Quezon City, where educational institutions play a crucial role in preparing future accounting
professionals, the effectiveness of incorporating accounting software in financial reporting
practices among BS Accountancy students holds immense significance. This review aims to
explore the impact, benefits, challenges, and implications of integrating accounting software in
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the education of BS Accountancy students in Quezon City, shedding light on how such
technological advancements shape their proficiency in financial reporting and readiness for the
dynamic demands of the accounting profession. By delving into the existing literature, this
review seeks to provide insights into the effectiveness of adopting accounting software in
enhancing the learning experience and skill development of BS Accountancy students in
Quezon City.
The integration of accounting software in financial reporting practices among BS
Accountancy students in Quezon City can have significant implications for their learning
outcomes and future professional success. Research has shown that knowledge and use of
accounting software play a crucial role in its adaption among SMEs (Thottoli 2020).
Additionally, the underscores the relevance of understanding how familiarity with accounting
software can influence its effective utilization in financial reporting practices.
In the context of academic settings, the use of accounting software and technology has
been explored to enhance students' learning experiences and skills. Research by (Pantow et al.
2020) on the acceptance of the MYOB Accounting software among accounting students
demonstrated that when students perceive the benefits and convenience of using such
applications for financial report preparation, they are more likely to accept and utilize them
effectively. Furthermore, the study by (Kelly et al. 2023) delves into the integration of
Microsoft Excel in accounting education to equip students with digital workplace skills,
emphasizing the importance of incorporating technology into accounting curricula to enhance
students' proficiency in financial reporting practices.
Moreover, the application of information technologies and accounting software has been
linked to improvements in the quality of corporate reporting due to enhanced accuracy and
efficiency in financial statement preparation (Olufemi et al., 2021). Guided discovery
instructional strategies have been found effective in improving students' retention and academic
attitudes towards financial accounting concepts (Ugwoke et al., 2020).
Haris et al. (2021) underscores the significance of meaningful learning in augmenting
students' accounting knowledge and skills via hands-on courses on computer accounting
practices. This suggests that BS Accountancy students can benefit not only from theoretical
knowledge but also from hands-on experience with accounting software, which can deepen their
understanding of financial reporting processes and improve their practical skills.
This investigates the impact of using accounting software in a second-year accounting
course on student learning. The researchers used Kolb's experiential learning cycle to argue that
providing students with a concrete learning experience enhances knowledge acquisition. The
study found that students perceived the use of accounting software to be beneficial in improving
their understanding of the accounting cycle and their information technology skills. This
research contributes to the relatively scarce literature on information technology use in
accounting education and provides valuable insights for educators considering integrating a
more practical element into their teaching (Stainbank, Reddy Jankeeparsad, & Algu, 2023).
Furthermore, the various factors on students' academic performance in financial
reporting courses has been a subject of interest. Studies like those by (Azis et al. 2019) and
Dyce et al. (2020) have explored how factors such as lecturers' knowledge and introductory
financial accounting grades can influence students' performance and choice of major in
accounting. These findings underscore the significance of effective teaching methods, instructor
expertise, and foundational knowledge in shaping students' success in financial reporting
practices.
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This investigates the effectiveness of accounting software utilization on the performance

of undergraduate accounting students at the University of Kelaniya, Sri Lanka. The study
suggests that accounting software utilization significantly impacts student performance, with
factors such as prior accounting knowledge, attitudes towards using software, study habits,
perceived usefulness, prior experiences in computer literacy, and gender all playing a role
(Chandrapala & Thevaruban, 2019).
This explores how accounting software affects the quality of financial reporting, looking
specifically at its role in meeting the International Accounting Standards Board's (IASB)
qualitative characteristics of financial information. The research investigates the impact of
software on the reliability, relevance, comparability, and understandability of financial
information, and suggests that accounting software plays a key role in enhancing these qualities.
This indicates that organizations can enhance the accuracy of their financial reporting and
adhere to international standards through the investment in strong accounting software systems
(Said & Aliu, 2022).
In Quezon City, the emphasis is on the effectiveness of accounting software in financial
reporting practices, with the combination of software tools resulting in improved data accuracy,
promptness, and overall efficiency in reporting. BS Accountancy students can enhance their
ability to create thorough financial reports that adhere to regulations and meet stakeholder
expectations by using customized accounting software solutions.
Using accounting software in financial reporting practices in Quezon City can provide a
multitude of benefits for students studying BS Accountancy. The incorporation of software tools
has the potential to improve financial reporting practices by ensuring compliance with
accounting standards, increasing transparency in financial reports, and supporting sustainability
initiatives.
Krishnamacharya (2019) defines accounting system is an organized set of documents,
records, reports and procedure for preparation and timely delivery of accurate financial data for
economic decision-making purposes. The memorandum emphasizes the integration of
technological advancements in accounting education. This includes proficiency in accounting
software as a critical component of the curriculum. By incorporating software applications into
coursework, institutions can enhance students' practical skills in financial reporting and analysis
(CHED, 2019). As Magnaye, (2023) pointed, the effectiveness adaption of accounting software
enhances the efficiency of the financial reports’ quality, time-relevance as well as reliability.
This proves that organizations adopting the accounting software had improved their decisions as
well as performance, implying productivity because of the software. This literature emphasizes
the contemporary use of technology in accounting and indicates that such software offers certain
advantages to the precise precision of the data and account management.
The effectiveness of using computerized accounting systems (CAS) by Small and
Medium Enterprises (SMEs) in Candelaria, Quezon. While the study focuses on Candelaria,
Quezon, the study suggests that integrating accounting software into the curriculum can
improve students' understanding of the accounting cycle, leading to better knowledge
acquisition and performance in financial reporting practices. Eugenia G. Magnaye (2023).
The importance of proficiency in accounting software as a critical technical skill in the
contemporary accounting profession. While not explicitly stated, the study's emphasis on
workplace technical skills suggests that competence in accounting software is essential for
effective financial reporting and analysis Diokno and Peprah (2021). The study emphasizes the
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crucial role of soft skills such as communication, problem-solving, and emotional intelligence in
the career success of BS Accountancy students.
Villegas et al. (2021) examines the perceptions of accountancy students at Christ the
King College towards the accounting profession, offering insights into the evolving nature of
the profession and the significance of accounting software adaption, which holds relevance for
BS Accountancy students in Quezon City. The study acknowledges the evolving nature of the
accounting profession, highlighting the increasing demand for accounting graduates and the
complexities associated with the field. Pueblo, M.J., & Legaspi D. (2023) seeks to investigate
the comparative study of the quality of financial reports produced by the Computerized
Accounting system used by Factset Philippines Inc., with a particular emphasis on identifying
the characteristics of quality of financial reports. It highlights the significance of quality of
financial reports to both systems. The proposed output provides recommendations for
addressing the issue on both systems limited in batangas city only, hence its findings will have a
big contribution to the effectiveness of accounting software in financial reporting practices for
BS Accountancy students in Quezon City.
Accounting information systems (AIS) play a crucial role in enhancing organizational
performance among Small and Medium Enterprises (SMEs) in the Philippines. This is evident
in the strong positive correlation found between AIS and organizational performance in Tagum
City. Burgos (2022) While the provided study focuses on SMEs, its findings regarding the
positive correlation between AIS and organizational performance can be extrapolated to the
context of BS Accountancy students, suggesting that software adaption can enhance their
efficiency and decision-making abilities.
This study focuses on the adaption of Accounting Information Systems (AIS) software
by Small and Medium Enterprises (SMEs) in Santa Cruz, Laguna, Philippines. While it doesn't
directly address the impact of accounting software adaption on BS Accountancy students in
Quezon City, it provides valuable insights into the broader context of AIS adaption in the
Philippines. For instance, the study cites a study by Bacay et al. (2020) that highlights the
challenges SMEs face in maintaining adequate records for decision-making. This finding
suggests that BS Accountancy students should be equipped with the skills and knowledge to
address these challenges and effectively implement AIS software in their future professional
roles.
The adaption of effectiveness accounting information systems (AIS) in local government
units (LGUs) in the Philippines is a growing trend, with studies showing its positive impact on
the quality of financial reports. Research by Macalanao et al. (2023) found that AIS used by
LGUs in Isabela generally exhibits a high-quality level and positively influences the quality of
financial reports. This finding is consistent with other studies highlighting the benefits of AIS in
improving financial management and accountability. Additionally, a study by BS Accountancy
students in Quezon City found that the adaption effectiveness of accounting software in
financial reporting practices leads to improved efficiency and accuracy in financial reporting.
The adaption of new accounting technologies, particularly accounting software, in the
Philippines is a growing trend, with studies showing its positive impact on financial reporting
practices. Research by BS Accountancy students at the University of Manila (2021) found that
new accounting technologies can improve efficiency and accuracy in financial accounting,
leading to better decision-making. This finding is consistent with other studies highlighting the
benefits of accounting software in streamlining accounting processes and reducing errors.
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Accounting software effectiveness adaption in financial reporting practices by BS

Accountancy students in Quezon City has been discovered to enhance efficiency and accuracy
in financial reporting. This implies that utilizing accounting software is a beneficial strategy to
improve the standard of financial reporting in the Philippines.
The importance of using accounting software in financial reporting practices for
improving the quality and relevance of BS Accountancy education in Quezon City is
highlighted by the continued implementation and maintenance of such tools. Continuing to
improve and incorporate accounting software education is crucial for preparing future
accountants to meet the changing demands of the profession.
The study conducted by Nwekwo et al., (2024) examined the “Effect of the use of
Accounting Software on financial reporting in corporate organizations in south-east Nigeria.” It
used a research survey design and a well-structured questionnaire. According to their findings,
ERP had significant implications on financial reporting while commercially available software
was also considerably influential. The research concluded that accounting software positively
affects financial reporting in corporate organizations from South-East Nigeria.
Further than Barb, (2023) “The Effectiveness of Accounting Software in The
Preparation of Financial Statements” Computers and accounting software now are essential
tools for business for maintaining records, creating books of accounts and generating reports.
Tailored solutions might be preferred by larger businesses, while off-the-shelf products may be
chosen by small ventures. Introduction of computers has reduced inefficiency in accounting
software as well as data storage within the finance sector hence making it easier to adopt
centralized information systems across all functions within an organization and this can help the
accountancy students to gain more knowledge.
The study by Appah and Sunday (2023) investigates the “Impact of accounting standard
adaption on the quality of financial reporting in public sector entities in Nigeria.’ The findings
indicate a significant enhancement in financial reporting quality following the adaption of these
standards. This study underscores the potential benefits of standardized accounting practices
and their role in improving the accuracy and reliability of financial reports.
In a similar vein, the research by Sanusi et al. (2024) explores the financial reporting
mechanisms and the utilization of accounting software in private these institutions across
Malaysia. The study highlights how the integration of accounting software can streamline
financial management systems, thereby improving the efficiency and accuracy of financial
reporting
The study by Chandrapala and Thevaruban (2019) examines the impact of accounting
software utilization on the performance of accounting specialization undergraduates at the
University of Kelaniya in Sri Lanka. While the study focuses on a specific university in Sri
Lanka, its findings can be extrapolated to understand the broader implications of adopting
accounting software in financial reporting practices for BS Accountancy students in Quezon
City. The research found that students' prior knowledge in accounting positively impacts their
performance in accounting software utilization, suggesting that students with a strong
foundation in accounting concepts are better equipped to learn and apply accounting software.
The study by Muneerali Thottoli (2021) “Knowledge and use of accounting software:
evidence from Oman.” revealed that the knowledge of accounting software has a significant
effect on the use of accounting software, meaning that there is a significant and positive
relationship among the knowledge of generalized accounting software and the use of such
generalized or customized accounting software by SMEs in Oman.
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Omotilewa O.O.A., Folajimi.,F. & Adesola.,M.A. (2021) in “Accounting software in

computerized business environment and quality of corporate reporting” concluded that
accounting software is effective in gathering and processing data and information to produce
quality corporate report supermarkets outlets in Lagos state. Additionally, the findings showed
that accounting software positively and significantly affects the reliability and accuracy of
corporate reporting in a computerized business environment like that of supermarkets in Lagos
state, Nigeria.
"Impact of Software Products on Accounting Personnel Requirements" it is evident that
advancements in accounting software have a significant influence on the skills and requirements
of accounting personnel. As technology continues to evolve, the role of accountants is shifting
towards a more strategic and analytical focus, necessitating a proficient understanding and
utilization of accounting software tools. Voronova, I. V. (2024). In relation to BS Accountancy
Student Perceptions of Adaption Accounting Software in Financial Reporting Practices in
Quezon City, it can be theorized that the exposure and experience of students to innovative
accounting software solutions during their academic training will greatly influence their
perception and readiness to adapt to the changing landscape of financial reporting practices.
These experiences can enhance their practical skills, critical thinking abilities, and
understanding of the impact of technology on accounting processes.
Gupta, R. (2023) in "The Influence of Technology on Accounting Practices in India: A
Survey of Accounting Software Utilization by Micro Enterprises in Delhi" it can be inferred that
the evolution of technology plays a pivotal role in reshaping accounting practices and
educational curriculum. The utilization of accounting software by micro enterprises in Delhi
highlights the practical application and benefits of technology in streamlining financial
processes, while the perceptions of BS Accountancy students reflect the importance of
incorporating software skills into academic training to meet industry demands.
The study conducted at Kupang State Polytechnic on “Accounting Students' Interest in
Using Accounting Software Reveals a Foundational Understanding of Student Attitudes and
Engagement with Technology in Accounting Education” Mudamakin, A. K. B., & Rupilu, W.
(2023). By exploring the perceptions of accounting students at the polytechnic, insights can be
gleaned on the factors influencing the adaption and utilization of accounting software in
academic settings. This study offers a lens through which to examine the readiness and
receptiveness of accounting students to embrace technological tools for learning and practice.
The perspectives and experiences of BS Accountancy students in a professional context shed
light on the practical implications of incorporating accounting software into real-world financial
reporting processes. By synthesizing the findings from both studies, a nuanced understanding
emerges of the transitions and challenges faced by accounting students as they navigate the shift
towards digitalization in accounting practices. Integrating accounting software into the
curriculum can significantly enhance the understanding of the accounting cycle among BS
Accountancy students. The study "The Effects of Accounting Software Towards the Academic
Performance of Accounting Students at City College of Angeles" by Granadil et al. (2022)
highlights the positive impact of accounting software on the academic performance of
accounting students. Conducted at City College of Angeles, its findings have strong
implications for BS Accountancy students in Quezon City, suggesting that the effective
adaption of accounting software can significantly enhance their learning experience and prepare
them for the demands of the modern accounting profession.
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The study, "Enhancing BSAIS Education in Laguna University: Examining the

Relationship between Accounting Software, Student Profiles and Program Educational
Objectives" by Baldrias et al. (2024) explores the impact of accounting software on achieving
Program Educational Objectives (PEOs) for Bachelor of Science in Accounting Information
Systems (BSAIS) and Bachelor of Science in Accountancy (BSA) graduates at Laguna
University. While conducted in Laguna, the findings have implications for BS Accountancy
students in Quezon City, emphasizing the importance of accounting software in skill
development, curriculum adaptation, and hands-on training to bridge the gap between academic
learning and real-world applications. The study highlights the need for Filipino students to
develop essential skills in accounting software for enhanced job market competitiveness and
improved knowledge acquisition.
Furthermore "Challenges of Using Accounting Software for Small Business Enterprises
in Daet, Camarines Norte" by Alarcon et al. (2022) examines the difficulties small businesses
face when implementing accounting software. While the study is focused on Daet, Camarines
Norte, the insights gained can be applied more broadly to understand the effectiveness of
accounting software adaption on financial reporting practices, embrace the accounting software
into their studies may boost their comprehension of the accounting process and enhance their
skills in financial reporting. Especially for BS Accountancy students in Quezon City.
"The Impact of Using Computerized Accounting Systems in Financial Reporting Among
Medium Enterprises in Surigao City" by Boaquiña, H. M. A. (2020) examines how
computerized accounting systems influence financial reporting practices in medium enterprises.
Although the study is centered on Surigao City, its findings can provide insights into the
broader implications of adopting accounting software for financial reporting practices, which
are particularly relevant for BS Accountancy students in Quezon City.
The study “Development of a Computer-Based Instructional Module in Accounting for
Business Combinations and its Effectiveness” as explored in the review study conducted by
Abel,
A. S. (2019). Highlights the evolving landscape of accounting pedagogy and the
imperative role of technology in shaping the competencies of accounting students for future
professional practice. By examining the implications of incorporating digital tools and software
applications in accounting curricula, this research underscores the significance of preparing
aspiring accountants with the requisite skills and knowledge to navigate the complexities of
contemporary financial reporting. In tandem, the study on BS Accountancy Student Perceptions
of Adaption Accounting Software in Financial Reporting Practices in Quezon City delves into
the perspectives and experiences of students grappling with the adaption of accounting software
in practical financial reporting scenarios. Through an exploration of the factors influencing the
acceptance and utilization of accounting software among BS Accountancy students, this study
illuminates the readiness and challenges faced by future accountants in integrating technological
solutions into their professional workflows.
The implementation and adaption of the “Computerization in the Accounting Office of
Batelec” can be further understood through the Diffusion of Innovations conducted by Bombeo,
M. Q., Basoc, C. J. H., & Jamandron, I. B. (2020). This study explores how innovations,
such as accounting software, are adopted and spread among individuals or organizations. it's
important to consider the compatibility of the accounting software with the existing practices
and needs of BS Accountancy student compatibility plays a crucial role in the diffusion of
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innovations, as users are more likely to adopt technologies that align with their existing systems
and workflows.
“Analyzing the Recording Practices in Accounting of Micro and Small Businesses: The
Case of the Philippines” highlight the recording practices used by MSBs, which are often
influenced by regulatory requirements and industry best practices. This relates to research on
financial reporting standards and compliance, emphasizing the importance of accurate and
reliable accounting information for MSBs. Borromeo, A. S., Cervantes, R. J., & Sumicad Jr, E.
H. (2024). The study examines how technology adaption impacts the efficiency and accuracy of
accounting practices for MSBs. This aspect can be linked to BS Accountancy students'
perceptions, as they may value software that enhances efficiency and accuracy in financial
reporting, leading to improved decision-making and financial analysis.
Alimboyong, C. R., & Bucjan, M. E. (2021) in "Cloud Computing Adaption among
State Universities and Colleges in the Philippines: Issues and Challenges," investigates the
adaption of cloud computing in higher education institutions in the Philippines. The study
explores the challenges and benefits of CC adaption in state universities and colleges providing
insights into technology adaption in educational settings. This research is relevant to
understanding BS Accountancy student perceptions of adopting accounting software in financial
reporting practices, as it offers valuable parallels on technology adaption in academic
environments.
The study “Meeting expectations: A phenomenological study on the gap between the
ICT competencies of BS Accountancy ID 117 graduates from De La Salle University and ICT
competencies prescribed by the International Accounting Education Standards Board" explores
the disparity between the ICT skills acquired by students and those needed for professional
practice Dela Cruz, K. O., Go, L. A., & Ong, L. C. (2022). Meeting This gap highlights
challenges in effectively adopting accounting software for financial reporting, emphasizing the
need for curriculum improvements to meet industry standards. The effectiveness of accounting
software adaption by BS Accountancy students is influenced by their perceived usefulness and
ease of use.
"A study of determinants influencing the adaption of computerized accounting system
among small and medium enterprises located in Bacoor City, Cavite" This study explores the
determinants influencing SMEs' adaption of computerized accounting systems. Factors such as
relative advantage, compatibility, complexity, trialability, observability, top management,
organizational readiness, and external support significantly impact adaption decisions Chen, X.,
Franco, S. M., & Ramchand, K. B. (2019). Explores the process by which innovations spread
through a social system. It identifies five adopter categories based on their willingness to
embrace new technologies: innovators, early adopters, early majority, late majority, and
laggards.
Understanding the diffusion process of accounting software within the context of BS
Accountancy students can shed light on the factors that influence their adaption behavior. For
instance, early adopters might be more likely to embrace new software features and adapt
changes, while late adopters might require more convincing or support to fully integrate the
software into their practices.

SYNTHESIS OF THE STUDY

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The study on BS Accountancy students' effectiveness of adaption of accounting software

in financial reporting practices in Quezon City sheds light on the transformative impact of
incorporating practical software applications into the accounting curriculum. Through hands-on
training with accounting software, students exhibited enhanced understanding of financial
reporting concepts and processes, leading to better preparation for their future roles in the
accounting field. The integration of software training not only improved the efficiency and
accuracy of financial reporting practices but also bridged the gap between theoretical
knowledge and real-world application for BS Accountancy students in Quezon City.
The findings of the study highlighted the positive perception among students towards the
adaption of accounting software, emphasizing its value in streamlining reporting processes and
increasing data accuracy. By equipping students with practical skills in using accounting
software, educational institutions in Quezon City can better prepare the next generation of
accountants for the evolving demands of the industry. The study emphasized the importance of
industry-relevant training and skill development in accounting software to meet the professional
standards and practices in financial reporting.

THEORETICAL FRAMEWORK

The Technology Acceptance Model (TAM) is a frequently utilized theory to justify the
success of accounting software. The TAM was proposed by Fred Davis and has been widely
adopted in the field of information systems research.
The Technology Acceptance Model suggests that users' adaption and utilization of
technology are impacted by two main elements perceived usefulness and perceived ease of use.
Perceived usefulness is the degree to which a user thinks the technology will improve their job
performance and productivity.
By considering the factors outlined in the TAM, organizations can implement
accounting software effectively, leading to improved efficiency, accuracy, and decision-making
in their financial processes
Accountants have generally increased their investment in accounting software in order to
increase the efficiency of their business operations and to improve productivity. Professional
accountants from accounting bureaus and some others from different firms’ accounting
departments in Turkey, the accountants prefer mostly multi-functional accounting software
programs, especially the web-based on.
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Figure 1. Theoretical Framework

CONCEPTUAL FRAMEWORK

This study was to measure the effectiveness of adopting accounting software in financial
reporting practices in Quezon City.
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Figure 2. Conceptual Framework

The researchers used a quantitative design with the target population of Quezon City BS
Accountancy Students as the respondents. The survey questionnaire was used to determine the
demographic profile of the respondents and effectiveness. The questionnaire has 4 parts. The
first part determines the demographic profile, the second part is to determine the type of
accounting software being used by the respondent, the third part determines the utilization of
accounting software in Financial Reporting practices, and the last part determines how
accounting software helps the BS Accountancy students in its compliance in financial reporting
practices.

DEFINITION OF TERMS

Accounting Software - Is a computer program that assists bookkeepers and accountants in

recording and reporting a firm's financial transactions.
Automation - Automation is the use of machines or technology to perform tasks without much
human intervention.
Cloud Computing - The on-demand availability of computer system resources, especially data
storage and computing power, without direct active management by the user.
Divesture - The compulsory transfer of title or disposal of interests upon government order.
Expedition - A journey or excursion undertaken for a specific purpose.
Freshbooks - FreshBooks is accounting software operated by 2ndSite Inc. primarily for small
and medium-sized businesses. It is a web-based software.
MYOB Software - Mind your own business is an Australian multinational corporation that
provides tax, accounting and other business services software to small and medium businesses.

QNE Software - Is a passionate organization that provides Accounting System and Payroll
System.
Quickbooks - Accounting software helps you manage your cash flow and gets you tax ready
with expense tracking, custom invoices, financial reports,
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Oracle Netsuite Software - Is the leading integrated cloud business software suite, including
business accounting, ERP, CRM and ecommerce software.
SAP Software - Systems, Applications and Products in Data Processing, Traditional business
models often decentralize data management, with each business function storing its own
operational data in a separate database.
S/4 Hana Software - SAP S/4HANA Cloud Public Edition is a ready-to-run cloud ERP that
delivers the latest industry best practices and continuous innovation.
Significant - Sufficiently great or important to be worthy of attention.
Spreadsheet - Is a computer program that can capture, display and manipulate data arranged in
rows and columns.
Xero - Is online accounting software for your business connects you to your bank, accountant,
bookkeeper, and other business apps.

Chapter 3
RESEARCH DESIGN AND METHODOLOGY

This chapter discusses the methodology that will be used to conduct the gathering of
data. It will contain the Research Design, Respondents of the Study, Sampling Technique,
Research Instrument used, Data Gathering Procedures, and Statistical Treatment Data.

RESEARCH DESIGN

This study will utilize a descriptive research method to determine the effectiveness of
the adaption of accounting software on the financial reporting practices of BS Accountancy
students in Quezon City. The data will be gathered in an interactive manner, in which
researchers will conduct a survey questionnaire. Descriptive statistics like frequencies,
percentages, and means will be used to summarize the responses of the respondents.
Descriptive research aims to accurately and systematically describe a population,
situation or phenomenon (McCombes 2019). A quantitative research design is particularly
appropriate for this study as it allows for the collection and analysis of data from a large sample
of students, enabling the generalization of findings to the wider population of BS Accountancy
students.

RESPONDENT OF THE STUDY

The study involved 50 student respondents from BS Accountancy programs in Quezon

City from Integrated Innovation and Hospitality Colleges and National University School to
determine the impact of using accounting software on financial reporting practices. These
students, from various backgrounds and ages, are studying BS Accountancy programs at
different institutions and have varied experiences with accounting software tools. The sample
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consists of students who are actively participating in learning and utilizing accounting software
for financial report preparation.
Since it will not be possible to study the entire population of students in Quezon City,
the researcher used the Slovin's Formula to get the sample of the population. A smaller sample
was taken using a simple random sampling technique. This was found to be the most
appropriate technique when the researcher had prior knowledge of the identification of the
respondents.

SAMPLING TECHNIQUE

The researchers will use simple random sampling to select participants based on their
proximity to the study area. The researcher targeted a sample size of 50 students, with 26
representing from National University and 24 representing from Integrated Innovation and
Hospitality College. The number of pupils served as a criterion for determining whether or not
the respondents were members of the Quezon City school system.

RESEARCH INSTRUMENT

The research instrument used in the study on the effectiveness of adopting accounting
software in financial reporting practices for BS Accountancy students in Quezon City through a
quantitative method includes surveys and questionnaires exclusively. The surveys and
questionnaires are designed to gather structured data on students' perceptions of accounting
software, proficiency levels, training impact on understanding financial reporting practices, and
overall experiences with using accounting software. The quantitative approach focuses on
measurable responses to assess the effectiveness of accounting software adaption in financial
reporting among BS Accountancy students.
The primary tool the researcher used to gather data was a survey questionnaire. It had
questions that addressed the stated issue statement (SOP). It was divided into two parts. The
first section included information about the student’s age, sex, attending school, and their
demographic profile. The second section examined the valuable experience of effectiveness of
using an accounting software in financial reporting.
The researchers formulate questions that don't appear too personal to the respondents.
The participants will be informed that their identities and answers will be kept confidential. The
researcher's adviser reviewed the questionnaire before it underwent content validation. In order
to guarantee a valid and dependable research tool, the researcher enlisted the assistance of
professional experts for advice, recommendations, and input. The aim was to enhance the initial
draft regarding grammar, sentence structure, clarity, repetition, and relevance. The validators at
Integrated Innovation and Hospitality College are the Dean in the Accountancy Department and
Professor. Their feedback was taken into account in order to enhance and fine-tune the
questionnaire. The participants will indicate their satisfaction level by marking the appropriate
box on the four-point Likert Scale.

RATING SCALE (DEGREE OF SATISFACTION)

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Point Estimate Range Verbal Interpretation

4 4.20 – 5.00 Strongly Agree

3 3.40 – 4.19 Agree

2 1.80 – 2.59 Disagree

1 1.00 – 1.79 Very Disagree

DATA GATHERING PROCEDURES

The researchers will obtain authorization from the authorities of various schools in
Quezon City to conduct the study. Once they receive approval, the researchers will hand out the
research questionnaire to the participants. The researchers will personally distribute and collect
the questionnaire. The researchers do not expect any challenges in collecting the questionnaire
as all the participants are reliable.

STATISTICAL TREATMENT OF DATA

Since the investigation will use a quantitative approach, the data will be analyzed using
the percentage method and weighted mean.

1. Percentage

The percentage formula will be used to determine the quantity of the actual results of the
data. This will be established by dividing the number of responses by the number of respondents
and the quotient will be multiplied by one hundred.
The formula for this is:
f

P= 100

N
Where:

P = Percentage
f = frequency
n = sample population
2. Weighted Mean

The weighted mean will be used to find out the responses in the scales.
Item of the questionnaire:
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Xw = (Xw) / N
Where:
Xw = Weighted Mean W = Weight
X = Frequency of number of observations
N = Number of respondents
= Summation
Chapter 4

PRESENTATION OF ANALYSIS AND INTERPRETATION

This chapter present the analysis, and interpretation of data gather through questionnaires
about the BS in Accountancy Student's Effectiveness of Adaption Accounting Software in
Financial Reporting Practices in Quezon City which are given an in-depth interpretation
presented in a tabular form whose aims is to answer the statement of the problem identified in
chapter 1.

Part I. Demographic Profile of Respondents

Table 1

Frequency and Percent Distribution of the Respondents by Age

Age F P R

30 years old and above 3 6% 2

19 – 29 years old 45 90% 1

18 years old and below 2 4% 3

TOTAL 50 100%

Legend: F=Frequency; P=Percent; R=Rank.

Table 1 indicates that among 50 respondents, the majority fall within 19-29 years
old with 45 frequency (90%). Respondents between 30 years old and above have a frequency of
3 (6%). Lastly, respondents aged 18 years old and below has a frequency of 2 (4%).
The findings above implied that more than half of the respondents were between
the ages of 19 and 29. Given that the Generation Z and Millennial are inherently tech-savvy,
exhibiting a deeper immersion in digital technologies (Berzani, 2024). Both generations can
significantly enhance their learning and prepare for the modern accounting profession by
effectively utilizing accounting software.

Table 2
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Frequency and Percent Distribution of the Respondents by Gender

Gender F P R

Female 39 78% 1

Male 11 22% 2

TOTAL 50 100%

Legend: F=Frequency; P=Percent; R=Rank.

Table 2 showed that out of 50 respondents, 39 (78%) are female, while 11 (22%) are
male. The data suggests that a majority of female respondents have experience utilizing
accounting software for financial reporting practices.
Table 3

Frequency and Percent Distribution of the Respondents by School

School F P R

IIH College 24 48% 2

National University 26 52% 1

TOTAL 50 100%

Legend: F=Frequency; P=Percent; R=Rank.

Table 3 indicates that out of 50 respondents, National University had a slightly higher
representation in the study with 26 (52%) of the respondents, while IIH College contributed 24
(48%) of the respondents to the study.
Both schools offer a Bachelor of Science in Accountancy program, which is designed to
equip aspiring professional accountants with the appropriate entry-level technical skills,
professional competencies, and ethical values to successfully complete their studies. This is the
program that provides general accounting education to students wanting to pursue a professional
career in Accountancy in general and in Public Accounting in particular (CHED Memorandum
Order No. 27, Series of 2017).

Table 4
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Frequency and Percent Distribution of the Respondents by Setting of Experience

Setting F P R

School/University 20 40% 2

Internships (OJT) 25 50% 1

Workplace 5 10% 3

Personal Use 0 0% 4

TOTAL 50 100%

Legend: F=Frequency; P=Percent; R=Rank.

Table 4 indicates that 50 respondents gained hands-on accounting software experience,

with 25 (50%) from internships or on-the-job training, 20 (40%) from school or university, and
5 (10%) from their workplace. No respondents reported gaining experience with accounting
software through personal use.
The accounting industry is constantly evolving, and practical experience is a crucial
component of accounting education. Therefore, educators continually evolve their teaching
approach to align with the demands of the international accounting profession as well as
individual accountants, equipping students with the necessary skills for lifelong learning and
professional development (Khemiri, 2021).

Table 5

Part II. The Importance of Compliance to Data Privacy Rules and Regulations on using
Accounting Software for Financial Reporting Practices.
Understanding Data Privacy Rules and Regulations WM VI R

The student becomes aware of the potential consequences of data 3.78 SA 2

breaches and privacy violations.

The student acknowledges financial data confidentiality. 3.72 SA 3

The student learns to identify sensitive financial information that 3.80 SA 1

requires protection.
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The student recognizes the importance of financial data 3.76 SA 4

confidentiality online.

The student understands mandatory reporting of suspicious 3.76 SA 4

accounting activities.

Over-All 3.76 SA

Legend: WM=Weighted Mean; VP=Verbal Interpretation; R=Rank;

1=1.00-1.75=Strongly Disagree (SD); 2=1.76-2.50=Disagree (D)
3=2.51-3.25=Agree (A); 4=3.26-4.00=Strongly Agree (SA)

As shown above, the accounting students strongly agree that they learn to identify
sensitive financial information that requires protection with the computed highest mean of 3.80.
This awareness directly contributes to the importance of compliance with data privacy rules and
regulations when using accounting software. By prioritizing data security and adhering to best
practices, accounting professionals can mitigate risks, maintain client trust, and ensure the
integrity of financial reporting (Smith, 2024).
Table 6

Part III. Opportunities for BS Accountancy students in Quezon City to get hands-on experience
with accounting software.
Opportunity to Experience WM VI R

The school offers a variety of accounting software training 2.92 A 3

programs.

The student believes that accounting software training is essential 3.80 SA 1

for their career.

Internships with companies using various accounting software. 3.80 SA 1

Online tutorials and video courses are effective for learning 3.36 SA 2
accounting software.

The school curriculum includes comprehensive coverage of 3.18 A 3

accounting software.

Over-All 3.41 SA

Legend: WM=Weighted Mean; VP=Verbal Interpretation; R=Rank;

1=1.00-1.75=Strongly Disagree (SD); 2=1.76-2.50=Disagree (D)
3=2.51-3.25=Agree (A); 4=3.26-4.00=Strongly Agree (SA)
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As shown above, with the computed highest mean of 3.80, the accounting students

strongly agree that accounting software training is essential for their career as well as to get

hands-on experience through internships with companies that uses it. By providing these

opportunities, schools are not only fulfilling the needs of the modern accounting profession but

also empowering their students with the skills and experience necessary for successful and

fulfilling careers. Utilization of accounting software in class will gain a more realistic

understanding of standard business practices, thereby enhancing the student's preparedness for

the evolving demands of the accounting profession and the dynamic business world (Granadil et

al, 2022).

Table 7

Part IV. Accounting software as an opportunity for professional development and adaptation to
the dynamic landscape of the accounting field.
Professional Development WB VI R

Accounting software improves work quality and output. 3.82 SA 1

Accounting software enhances productivity in financial report 3.80 SA 2

preparation.

Accounting software enhances the security of financial data. 3.76 SA 3

Accounting software enhances the accuracy of financial reports. 3.76 SA 3

Accounting software minimizes the risk of errors in financial data 3.70 SA 4

information.

Over-All 3.77 SA

Legend: WM=Weighted Mean; VP=Verbal Interpretation; R=Rank;

1=1.00-1.75=Strongly Disagree (SD); 2=1.76-2.50=Disagree (D)
3=2.51-3.25=Agree (A); 4=3.26-4.00=Strongly Agree (SA)
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As shown in the table above, the accounting students strongly agree that the accounting
software improves work quality and output with the computed highest mean of 3.82. As
accounting software automates many routine tasks, such as data entry and calculations,
accountants are freed from mundane activities and can focus on more strategic and value-added
activities. Accounting software provides access to real-time data, generating insightful reports,
and enabling accountants to identify trends and anomalies that may not be readily apparent
through manual methods (Attieku et al 2024). By embracing this technology, accounting
students can enhance their skills, improve their employability, and contribute more effectively
to the success of their organizations in the ever-evolving landscape of the accounting profession
(Jones et al 2021).
Table 8

Part V. Preference for traditional manual accounting methods, potentially hindering the
adoption of accounting software.
Comfortability: Manual Method vs. Accounting Software WM VI R

The student finds it hard to adapt to accounting software. 2.44 D 4

Manual accounting methods provide greater accuracy than 2.28 D 5

accounting software.

Accounting software are more beneficial than manual 3.56 SA 2

accounting methods.

Accounting software are very challenging to use. 2.68 A 3

Accounting software is essential for staying competitive in the 3.70 SA 1

industry.

Over-All 2.93 A

Legend: WM=Weighted Mean; VP=Verbal Interpretation; R=Rank;

1=1.00-1.75=Strongly Disagree (SD); 2=1.76-2.50=Disagree (D)
3=2.51-3.25=Agree (A); 4=3.26-4.00=Strongly Agree (SA)

As shown in the table above, the accounting students strongly agree that the accounting
software is essential for staying competitive in the industry with the computed highest mean of
3.70. Recognizing the importance of software skills and embracing technology are essential for
accounting students and professionals to thrive in the modern business environment. While
manual methods provided a valuable foundation, accounting software offers competitive
advantages in terms of efficiency, accuracy, data security, and real-time access to information.
As the students recognize that proficiency in software is no longer optional but a necessity for
employability, this may potentially overshadowing the appeal of traditional manual methods
(Tirana, 2024).
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CHAPTER 5
SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION

This chapter will present the summary, the conclusion drawn and the recommendation as
the result of the research study. This study evaluates the BS Accountancy Student's
Effectiveness of Adaptation Accounting Software in Financial Reporting Practices in Quezon
City

Summary of Findings:
1. The findings implied that the average age of respondents is between 19-29 years old
with 45 frequencies (90%), 26 (52%) of them are students at National University, while
24 (48%) are the students of IIH College. In terms of Setting of Experience 25 (50%)
from internship or on-the-job training, 20 (40%) from school or university, and 5 (10%)
from their workplace. In addition, experienced students in Utilizing Accounting
Software around National University and IIH College were 39 or 78% are female and 11
or 22% are male showing that the most students Utilizing Accounting Software are
females.
2. The assessment of the experienced students regarding to the Data Privacy Rules and
Regulation of Utilizing Accounting Software for Financial Reporting Practices were
strongly agreed with overall weighted mean of 3.7, the accounting students learns to
identity sensitive financial information that requires protection with the highest mean of
3.8.
3. The assessment of the experienced student of Quezon City is strongly agree with the
Opportunity to get hands-on experience accounting software with the overall weighted
mean of 3.4, In addition, the accounting students strongly agree that accounting software
training is essential for their career as well as to get hands-on experience through
internships with companies that uses it. By providing these opportunities, schools are not
only fulfilling the needs of the modern accounting profession but also empowering their
students with the skills and experience necessary for successful and fulfilling careers
with the highest mean of 3.8
4. The experienced students of National University and IIH College is strongly agree with
the accounting software improves work quality and output with the computed highest
mean of 3.8, with the weighted mean of 3.7 under the Professional Development. In
addition, accounting software provides access to real-time data, accounting students can
enhance their skills and improve their employability
5. Based on the accounting student’s assessment they strongly agree that the accounting
software is essential for staying competitive in the industry with the computed highest
mean of 3.70, under the Comfortability. In addition, accounting software offers
competitive advantages in terms of efficiency accuracy, data security, and real-time
access to information than manual.

Conclusion:
1. The assessment of how many experienced students utilizing accounting software
whereas the average of student is between 19-29 years old student around National
University and IIH College. The most gained experience through internships or on-the-
 Integrated Innovation and Hospitality College Inc.,
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job training, and a significant gender gap was found in the use of accounting software,
with 78% of users being female. This is because it can be significantly enhancing their
learning and prepare for the modern accounting profession by effectively utilizing
accounting software.
2. The results most students experienced have a strongly agree of data privacy rules and
regulations utilizing accounting software for financial reporting practices. With a result
of overall mean of 3.7, with the highest mean of 3.8 for identifying sensitive financial
information that requires protection. This awareness directly contributes to the
importance of compliance with data privacy rules and regulations when using
accounting software.
3. The assessment of the experienced students at Quezon city has a highly value hands-on
experience with accounting software, as the results by a weighted mean of 3.4. they also
strongly agree that training is crucial for their careers, with a higher mean score of 3.8.
These findings emphasize the need of adopting internships and accounting software into
programs to provide students the hands-on experience they need to succeed in the
modern accounting profession.
4. Based on the results, the experiences of the students of National University and IIH
College strongly agree that accounting software significantly improves work quality and
productivity. The findings of accounting software into education are crucial for
preparing the students for the workforce.
5. The results of the assessment It is essential for maintaining industry competitiveness.
they also strongly agree that the software enhances efficiency, accuracy, data security,
and real-time information access, offering significant advantages over the traditional
manual methods.

Recommendations:
The researchers will recommend the following:

1. Schools and universities should integrate practical accounting software training into
their curricula to complement internships and provide equitable learning opportunities.
Partnerships with businesses should be strengthened to offer more real-world training
opportunities, while institutions must provide updated software, dedicated facilities, and
expert guidance.
2. Ensuring proper knowledge and application of data privacy rules and regulations is
crucial for accounting students utilizing software for financial reporting practices. With
students strongly agreeing on the importance of identifying and protecting sensitive
financial information, educational institutions must take steps to enhance their
curriculum in this area. One effective approach is to strengthen data privacy education
by integrating comprehensive modules into the coursework. These should focus on the
identification and safeguarding of sensitive financial data. Practical exercises, such as
case studies and hands-on activities, can further help students apply these principles in
realistic scenarios. Given the dynamic nature of data privacy laws, it is essential for
institutions to provide regular updates on new regulations and industry standards. This
 Integrated Innovation and Hospitality College Inc.,
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COLLEGE OF ACCOUNTANCY MANAGEMENT

can be complemented by offering certification programs in data privacy and security,

giving students an edge in their professional careers. Additionally, collaborations with
data privacy experts through seminars or workshops can provide valuable insights and
guidance on best practices. By adopting these measures, students will be better prepared
to handle sensitive financial information securely and effectively in their future roles.
3. Schools should provide comprehensive accounting software training by integrating
hands-on learning into the curriculum, offering workshops, and fostering partnerships
with companies for internships. Emphasizing the importance of software proficiency for
career success, institutions should align programs with industry needs, promote
advanced certifications, and equip students with the practical skills required for modern
accounting roles. Educational institutions should enhance their accounting curricula by
integrating advanced accounting software training, emphasizing real-time data
utilization to improve work quality and output. They should offer specialized workshops
and certifications to boost students' skills and employability. Additionally, forming
partnerships with industry for hands-on experience will provide practical exposure,
while highlighting the importance of software proficiency for career advancement will
better equip students for success in the accounting profession.
4. Educational institutions should enhance their accounting curricula by integrating
advanced accounting software training, emphasizing real-time data utilization to
improve work quality and output. They should offer specialized workshops and
certifications to boost students' skills and employability. Additionally, forming
partnerships with industry for hands-on experience will provide practical exposure,
while highlighting the importance of software proficiency for career advancement will
better equip students for success in the accounting profession.
5. To ensure accounting students remain competitive in the industry, educational
institutions must prioritize the integration of accounting software training into their
curricula. With students strongly agreeing on the essential role of software in
maintaining competitiveness, it is vital to emphasize its advantages over traditional
manual methods. Instructors should illustrate the benefits of accounting software,
including enhanced efficiency, accuracy, data security, and real-time access to
information, through practical demonstrations and case studies. Additionally, schools
should provide students with access to current and widely used accounting software
programs, helping them develop comfort and familiarity with industry standards.
Encouraging collaborative learning through group projects that require the use of
accounting software can further enhance students’ skills and promote teamwork.
Furthermore, institutions should facilitate continuous learning opportunities by offering
workshops and certifications in accounting software, ensuring students remain updated
on industry advancements and maintain a competitive edge in the job market. By
implementing these strategies, educational institutions can better equip accounting
students for successful careers, enhancing their capabilities and adaptability in a rapidly
evolving professional landscape.
 Integrated Innovation and Hospitality College Inc.,
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