ATTENTION:
BEFORE YOU READ THE CHAPTER ONE OF THE PROJECT TOPIC BELOW,
PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL
PROJECT COSTS N5000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE
COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR YOU CAN CALL: 08068231953, 08168759420
THE IMPACT OF COMPUTER TECHNOLOGY
ON ACCOUNTING
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE
STUDY
Days are when most accounting operations and decisions that
have to be made on or from them are on first hand basis. This is because
accounting operators and decision makers are in close contact with such
accounting operations and as such, collected, analysed and interpreted data
from such operations for decision making.
Today, as company and educational operations expand in size
and complexity, company executives grow further removed from first hand contact
with business scenes. They are to rely increasingly on second hand information
about what is happening at the various stages of business operations2,
vis-Ã -vis research and development, production, marketing and consumption of
goods and services. Since decisions that have to be made by executives are of
profound consequences and have to be based on highly fragmented and typically
tenous information, then it is of great importance that such second-hand
information is from a very accurate and reliable sources3.
According to A.$. fapohunda, to remedy these accurate
information difficulties in 1963, sears began establishing their twenty – two
regional computer centers covering the entire unites states of America4.
initially, the regional computer systems processed customers credit accounts
and general accounting data.
Later, merchandising and inventory information from system
were established to provide information that the business accounting world and
business operations are also busy expanding their technological and industrial
bases 6 by breaking into new grounds and improving in existing ones through the
use of computers.
With the introduction of computer to many business
applications, those business areas that involve repeated tasks which are often
monotonous and fallible to human errors (cash, inventory control, payroll and
etc) are increasingly being simplified accurately by combining the cost,
effectiveness, simplicity of use, efficiency, reliability and accuracy of the
computer to obtain, analyze and interpret data information for efficient
business decisions. Nigerian business organizations being to grow in size,
business operations and processes become increasingly complex, hence computers
are being rapidly introduced to cope with the overwhelming demands of business
and growth. Though the introduction of computer to many facets of business
operations is a welcome idea, its use is further implicated on accounting
system and as such organizations need to strike a balance between accounting
areas to be manually operated so as to control or limit the menance associated
with unemployment.
Some of the business operations to which computer has been
successfully introduced;-7
- Printing
graphic designs of complicated nature.
- Payroll system.
- Billing system.
- Predict
election result.
- Mark
examination results such as JAMB and WAEC.
- Control
inventories.
- Predict
performance of an aircraft or missile still.
- On drawing
boards.
- To calculate
the critical path of most efficient assignment of troops or problems and so on.
It therefore becomes important that technological changes
such as the introduction of computers in organizations be carefully evaluated
so that the gains in technical efficiency are not made at the expense of the
well-being and integration of employees.8. In the circumstances, then a study
of the implication of computer introduction to accounting system of business
operations is not only timely but mandatory so as to avoid some of the problems
associated with technological changes in organizations.
This research is however, limited to the implication of
computer introduction to accounting system of business operations using A.G.
Leventis and Pak – Micro Computer Centre as computerized model organizations.
1.1(a) HISTORICAL
BACKGROUND OF A.G. LEVENTIS PLC AND PAK-MICRO COMPUTERS INTERNATIONAL LTD.
A.G. Leventis (Nigeria) PLC was incorporated in 1958. This
company went public in 1978, and is quoted on the Nigeria Stock Exchange.
It provides properties, company secretarial and share
registration services. Industrial and public relations services, legal
services, financial management and other services to all the companies under
the group.
This company has an ultra modern and functional electronic
data processing centre in Lagos where most of the group’s data are processed
with an “OLIVETTI SP 600 Computer” which has a network of terminals located at
various departments/companies of Iddo House Head Office data input and output.
Some of the areas of computer application include Accounts Receivable,
Inventory and General Ledger package used by A.G. Leventis and company (Nig)
PLC, Leventis Technical PLC.
There is payroll system for the staff and all managers in the
group. Other areas of computer application include inventory, billing and share
registration.
Leventis stores – formerly a legal entity is now a division
of A.G. Leventis and company (Nig) PC after the successful merger in 1995. This
division has an “Olivetti SP 600 computer located at Malu Road, Apapa which
handles the inventory control of Leventis stores throughout the country as well
as the account receivable and general ledger of leventis stores.
Pak – Micro International Ltd is a group name with Data Training
Institute and Master Maintenance Under it. It has its Headquarters at Lagos, 77
Ikorodu Road, Fadeyi. Regional office in Enugu, 31 Ogui Road, Enugu.
Paks – Micro specializes in computer sales, installation,
maintenance, account receivable, inventory and share registration, training
software development and Bureau services. Because of the nature of its
business, the company has the following sections sales, maintenance and bureau
services, software development laboratory, training section (DPI). Each section
has its own manager. The master maintenance is a civil Engineer contracting
firm with its General Manager.
1.2 STATEMENT OF THE
PROBLEM
The importance of personnel in the accounting section of an
organization cannot be over emphasized especially when one remembers the facts
that these personnel support the organization from its small scale to the large
scale stage when it begins to introduce computers to many of its hitherto
manual operations.
However, an organization has the obligation of profit making
and as such promptness of information, accuracy, speed, cost effectiveness,
becomes prime factors to the organizations.
The problem of this study is therefore to find out whether or
not the introduction of computer technology to accounting systems of business
operations has reduced the output of the accounting sections at A.G. Leventis
PLC and Pak – Micro computer centre.
1.3 OBJECTIVES OF THE
STUDY
The purpose of this research work is to find out and evaluate
the implication of computer introduction to Accounting sections of business
operation with particular reference to A.G. Leventis PLC and Pak – Micro
International as some of the largest organizations in Nigeria today.
The study will also attempt to find out the efficiency and
effectiveness of such application to overall management capabilities in
decision making.
1.4 SIGNIFICANCE OF
THE STUDY
This research work provides a clear understanding of one of
the social implications of computer application on accounting system. The
information obtained will be useful to management, consultants, about unions,
professional, students, shareholders, investors, institute of higher learning,
training managers, economist, the government and so on.
The study will also be significant to other organizations
willing to computerize their accounting operations as well as to A.G. Leventis
Plc and Pak – Micro computer centre.
1.5 SCOPE AND
LIMITATION OF STUDY
For the purpose of this study, the impact of computer
technology on accounting system will in scope be limited to A.G. Levenits and
Pak – micro Computer. Both of them are of Enugu Branch. This is because of it’s
many computerized application areas and therefore makes for better study.
The researcher encountered some problems which stood as
limitations to this study. Such problems include, time available for this
study, time to generate primary data from such large organizations. Other
limitations include the rigor of having to move around Enugu and also problem
of combining, course work, research work and a full time job among other
things.
1.6 RESEARCH
QUESTIONS
The following research questions form the basic postulate of
the study:-
1. Has computer
introduction had any impact on accounting system?
2. Has computer
introduction made the accountant’s job easier?
3. Has computer
introduction provided more accounting information with same staff?
4. Has computer
introduction made the storing and retrieval of accounting information faster.
5. Has computer
introduction made the accountant more efficient?
1.7 DEFINITION OF
TERMS
The purpose of this section is to give conceptual
clarification of terms within the scope and limitation of the study so as to
avoid ambiguity of concepts used.
A.G.L. – A.G. Leventis and company (Nig.) Plc.
DATA – Coded information i.e. information that has been
captured for processing or recorded in any way 12.
E.D.P. – Electronic Data Processing.
PROGRAM – A list of instructions which is to be followed
by a computer to solve a given problem.
INPUT – The process of entering data into computer.
OUTPUT – The section of the computer needed to take
result out of computer.
SOFTWARE – Generic term applied to most non physical
aspects of computing i.e. programs, operating systems,
packages, compilers and to some extent, systems in general.
P.M.I – Paks – Micro computer international ltd, Ogui
Road, Enugu.
COMPUTER – A unique, sophisticated magnated
machine which has been carefully put together in such a
careful manner that enables it to manipulate or handle any given task, be it in
Engineering, science, business etc.
IMPLICATION – Implicate, enfold, entangle, involve,
something implied, or suggested as naturally to be inferred.
What is implied, hinted act or suggested, but not expressed.
IMPACT – Effect
HOW TO GET
THE FULL PROJECT WORK
PLEASE,
print the following instructions and information if you will like to order/buy
our complete written material(s).
HOW TO
RECEIVE PROJECT MATERIAL(S)
After
paying the appropriate amount (#5000) into our bank Account below, send the
following information to
08068231953
or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) immediately we receive bank alert
BANK
ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
HOW TO
IDENTIFY SCAM/FRAUD
As a result of fraud in Nigeria, people don’t believe there are
good online businesses in Nigeria.
But on
this site, we have provided “table of content and chapter one” of all our
project topics and materials in order to convince you that we have the complete
materials.
Secondly, we have provided our Bank Account on this site. Our
Bank Account contains all information about the owner of this website. For your
own security, all payment should be made in the bank.
No Fraudulent company uses Bank Account as a means of payment,
because Bank Account contains the overall information of the owner
CAUTION/WARNING
Please, DO NOT COPY any of our materials on this website
WORD-TO-WORD. These materials are to assist, direct you during your
project. Study the materials carefully and use the information in them to
develop your own new copy. Copying these materials word-to-word is CHEATING/
ILLEGAL because it affects Educational standard, and we will not be held
responsible for it. If you must copy word-to-word please do not order/buy.
That you ordered this material shows you have agreed not to copy
word-to-word.
FOR MORE
INFORMATION, CALL:
08068231953
or 08168759420
AFFILIATE
LINKS:
Comments
Post a Comment