The Impact of Computerized Accounting System on the Success of a Business Organisation

The Impact of Computerized Accounting System on the Success of a Business Organisation

Project / Seminar Material
Reference ID: PS-14353-TM

DEDICATION

This research material titled “The Impact of Computerized Accounting System on the Success of a Business Organisation” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Business Administration and Management (BAM), Book Authors and Profound Scholars of existing or related project material on “The Impact of Computerized Accounting System on the Success of a Business Organisation” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

TABLE OF CONTENTS

PRELIMINARY PAGES

CHAPTER ONE

INTRODUCTION

    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • ⋮
    • 2.4 Empirical Studies

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”

    ABSTRACT

    This research work will the be examining the impact of the computerized accounting system on the success of a business organisation using the United Bank of Africa (UBA)as a case study. It comprises of the general introduction, purpose and scope of the case study.

    It also includes the view of authors, who in the past have dealt on the issues relevant and pertaining to the case study. The population of the study was partly on the customer and partly on the staff while the sample will be choosen out of the population. The data will also be collected through the questionnaire. In this age, computerized system is very important on the success of a business organisation in the whole world.

    The analysis of data used in this project will enable one to appreciate the great importance impact of computerized accounting system of the organisation perfectly

    The Impact of Computerized Accounting System on the Success of a Business Organisation

    CHAPTER ONE

    Introduction

    1.1 Background Of The Study

    computer has affected all area of human endeavours most importantly Accounting profession, Banking Industry, business organisation Engineering.

    A computer according to the American Heritage Dictionary of English Language (1993) is defined as a device that compute specially an electronic machine that performs high speed mathematical or logical calculators and which assembles, stored, or otherwise process information derived from coded data.

    Another further definition of a computer by the ‘Nigeria Banker (1988) described a computer as an electronic device which on receipt of an appropriate input is capable of processing the input according to a set of previously supplied instruction and making the out put available as desired. Equally the rapid organisational expansion and the futurist nature of the computer industry make computer literacy and computerization of banking operations a necessary aid to modern society, therefore computerized accounting system has led to supply of information which include the following attributes:

    1. Efficiency
    2. Accuracy
    3. Reliability
    4. Flexibility
    5. Effectiveness
    6. Responsiveness

    The development of computer date back to the year 3000 Bc with the development of Abacus in 1962, Java developed the calculating machine as the first, Hollent in 1800 developed punch card that aided census data processing in 1994, Harvard College of Engineering developed the first automatic computer and was called IBM computer Leventhal (1988).

    Computerization was introduced in Nigeria in 1970’s by the multinational enterprise like “UAC” which introduced computer into operation in 1976 with the acquisition of IBM/370/76 mainframe computers as well as several Bumoushs TULDC computers for data gathering UBA news (1981).

    Computerization leads to some consequent problems such as elimination of some functions. Nigerian Bank still need to adopt to enhance their operations and performance.

    1.2 Statement Of The Problems

    These are the problems faced the computerization in an economy

    1. Inability of business organisation to reduce time spent on operations like fund transfer
    2. Inability to reduce time spent in looking for customers ledger cards, thereby contributed to unnecessary waste of time.
    3. The cost of providing training to computer staff each time a new system is acquired.

    1.3 Purpose Of The Study

    The inability of business organisation using the banking industry as example to render efficient and accurate services to customers has been one of reasons for underdeveloped nature of economy. Thus the purpose of this study, includes:

    1. To identify the present problems of business organisation
    2. To determine the impact of computerization on the business organisation
    3. To investigate on how computerized system can lead to increase in efficiency of service.
    4. To identify how computerization can contribute to prevent or reduce the incidence of fraud on a business organisation.

    1.4 Research Question

    1. Has computerization brought about changes in the work structure of the organisation as a whole?.
    2. To what extent has the Bank benefited from computerization?
    3. How is response of the staff to computerization do you see it as encouraging.

    1.5 Scope Of The Study

    A business organisation using the case study of Bank, the study therefore does not intend to cover all operations and services being undertaken in business organisation but attempts to analyse the impact and prospects of computerized accounting system in a business organisation.

    1. Cash lodgment and Cheque
    2. Planning and controlling through budgets and decision analysis
    3. System dynamics, future pends information technology

    1.6 Significance Of The Study

    Since technology afford better ways of doing things, research is of great importance to the banking system. The significance of the study includes:

    1. To enable the employees to realize the importance of computer as a modern of working method
    2. To enable the banks know the immense potential of computerization in increasing productivity, efficiency and profitability.
    3. To enable people with inadequate knowledge to know the importance of computer and understand the conceptualization of it.
    4. To add to the literature in the field of computerization in the business organisation
    …

    CHAPTER TWO

    2.0 Literature Review

    2.1 Introduction

    This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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