Effect of perceived financial risk on accounting information system adoption an empirical study based on utaut

Abstract

This study investigated the factors that influence prospective accountant‟s intention to adopt accounting information system. Drawing on perceive financial risk and unified theory of acceptance and use of technology and use of technology (UTAUT) model. A sample size of 260 respondents was selected using both convenience and purposive sampling techniques. A total of 260 questionnaires were received from both undergraduate and postgraduate accounting students. Confirmatory Factor Analysis (CFA) was used to perform reliability and validity checks, and Structural Equation Modeling (SEM) in conjunction with multi-group analysis method was used to test the hypothesized conceptual model. As hypothesized; the findings of this study revealed that performance expectancy (PE), social influence (SI), facilitating condition (FC), and financial risk (FR) to be significant determinants of behavioral intention to adopt AIS. Effort expectancy on the other hand was found to have no significant effect on intention to adopt AIS. The findings of this study also reveal that there is a significant difference between male and female prospective accountants perception on perceived financial risk. The findings suggest that perceived risk variables are important to consider in explaining students behavioral intention to adopt AIS. The findings contribute to the literature by validating and supporting the application of the extended UTAUT model in the Ghanaian contexts. The study is also useful to senior management, technology consultants, software vendors and accounting professional bodies in promoting the adoption of AIS.