THE EVALUATION OF ACCOUNTING CONTROL SYSTEM IN NIGERIA

Download our android mobile app for more materials

ORDER NOW

COMPLETE MATERIAL  COST  N2,500 Or $10.  FRESH  PROJECT MATERIAL  COST 50,000 NAIRA FOR UNDERGRADUATE, OTHERS 100,000 -200,000 NAIRA.

THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OUR  CUSTOMERS CARE  OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

 

PREFACE

Computer has come to stay.  Like the telephone system that gradually become a life wire in the communication world even the most existing one now hand set (mobile phone), the computer is wording its way through cherry face of life.  Daily people perceive the irresistible offering of this enigma called computer.  No doubt they are unobtrusively getting hypostatized by its alluring kaleidoscope of business, domestic, scientific and what have you comfort that computerization is becoming synonymous with business.

Equipped with very large storage capacities tallied with very large dated flexible reporting and presentation facilities, rolling on its wheels of every sophisticated communication network, the computer is redefining the Eva of file-heap and filling cabinet that used to adorn the offices.

Information technology (t) glut as a whole is putting a big question mark against the relevance of conventional auditing.

Nigeria Brewing Plc. Being one of the industries that incorporate computer system in its department catches out attention in answering the big question poised by computer device.

One of the first thing we need to realize about any internal

Control system be it manual or computerized – is that no control system can completely prevent fraud, it can, however, make the perpetration of fraud very difficult.

Accounting control, therefore, are those procedures techniques and practices intended to protect the company’s resources and provide for reliable financial statement.

We can organize our discussion on internal accounting control system of computerized Nigeria Brewing Plc. By looking personnel control record control, check and balance and role of computer in these areas.

CHAPTER ONE

 

• INTRODUCTION

The business organization will be faced with many problems,

if their accounting control system is not ascertained.  The control system of an organization (business) company must be examine.  This will help the Auditor in time of auditing to easily drew conclusion on his audit work.

Also an internal control system that is efficient helps to adhere to a standard of accounting control system in the companies and other business organization.  But an internal control system that is weak may not examine the account control system of its organization or company.  In this case it may give room for indicating of errors by the management, irregularities, misappropriation of fund.  This may lead to liquidation of a company or business organization even non-business organization because they can be audited just to know the financial condition of that particular organization.

The Evaluation of Accounting Control System in the organization and companies is like a mirror where the owners of the business uses to see how the affairs of the business is been run, thereby making it very easy for an auditor to drew his view on the financial statement of the company or organization.

 

1.1     EVALUATION OF ACCOUNTING SYSTEM

The need to examine the accounting system of organizations and companies in Nigeria is very important.

In this case it leads to verification of and testing the internal control system of the enterprise whether it is effective, efficient storage.  With special regard to how the industries is operating, as well as to ensure the effectiveness of the company or business organization accounting system.

In fact, the regulation of business activities under an efficient system of accounting control may increase the necessity of protracted detail work by the auditors with beneficial result of all the parties concerned.  This is because in some situation especially with regards to cases of fraud and errors in organizations most of the time without the best of intentions, people deliberately falsify records, those who have the best of human intention may still, intentionally or unintentionally, make mistakes.  In most companies or enterprises there are cases of stock losses, misappropriation of funds, embezzlement.  Even though there may be not evidence of the crime committed, yet the facts and figures of fraud both in private and public sector’s are not today’s standard truly staggering in the world.

The individual component of internal control system are down as “control” or “Internal Control”.  These control enable internal check to be placed on employees and responsibility on them thereby bringing about accountability.  The result of the control becomes minimization of fraud, errors, irregularities and dictation of these problem whenever they occur.

 

 

 

1.2     BACKGROUND OF THE STUDY

The performance or result of some enterprises in Nigeria like in the Oil Sector whose productivity is incomparable with other sector of the economy and also in the financial market (banking sector) is toping the chal etc.

Example: to evaluate the accounting control procedures of the two sectors of the economy above, that is oil sector and banking sector in Nigeria (note this is used as example), to ascertain reliability to the accounting practice and principle since they all have accounting department.  These ascertainment of there accounting practices will help to examine the financial strength of the two sectors in the econom

THE ROLE OF FINANCIAL INSTITUTIONS IN THE DEVELOPMENT OF THE NIGERIA ECONOMY

(A CASE STUDY OF SELECTED FINANCIAL INSTITUTION IN ENUGU STATE)

Download our android mobile app for more materials

ORDER NOW

COMPLETE MATERIAL  COST  N2,500 Or $10.  FRESH  PROJECT MATERIAL  COST 50,000 NAIRA FOR UNDERGRADUATE, OTHERS 100,000 -200,000 NAIRA.

THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OUR  CUSTOMERS CARE  OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

 

ABSTRACT

 

This project research is used by the school authority as one of the condition for the award of a Ordinary National Diploma (OND) in the institution, it therefore becomes very important each student must successfully carry out his/her research work in his/her respective filed of study.

The author decided to go into the role of Financial Institutions in the development of the Nigeria Economy with the aim of carrying our a comprehensive report on the role of Financial Institution to the economy in general.

To this end, this project is to be arrange into three different chapters. Chapter one will cover the introductory analysis comprising the background of the study, significant of the study, and definition of some terms used in the project works.

Chapter two will look into the names of some financial and non-financial institutions, the roles of financial  Institutions like Banks and Insurance Companies, Advantages, Objectives and problems facing Financial Institution in Nigeria etc.

Finally in chapter three the last chapter, an elaborate summary of findings of the research analysis were given, recommendations offered and condition made.

CHAPTER ONE

• INTRODUCTION

1.1     BACKGROUND OF THE STUDY

The ideal of establishing indigenous Financial Institution came into effect the end of the first world war (1914). This gave rise to the establishment of the National Bank of Nigeria ltd in (1933), African Continental Bank ltd in (1947), but before the emergence of the indigenous banks, the Standards Bank (now First Bank of Nigeria Plc) had commenced banking Operation in (1894).

In (1998), the Central Bank ordnance was passed out and it commenced Operation in July, 1^st 1954. After the development banks, Commercial Banks, Merchant Banks, community Banks, Insurance Company etc. Indeed their emergence was largely informed by the need to contribute positively to the growth and development of Nigeria economy.

In Nigeria today, there are about one hundred and sixty-eight (168) Banks and over ninety-four (94) Insurance companies Operating various business of large scale dimensions.

As the economic environment stands at the moment, it is one that really poses a challenging task before all these Financial Institutions. Our financial resources need to be properly and judiciously utilized. Small scale industries as well as other industries in their stages of development need adequate funds to put them on solid footing. Farmers equally need sufficient credit facilities to enable them put more effort in agricultural investments. In the same vain, individuals as well as government need money to embark on valuable and profitable economic ventures. Against these for going background, it is evident that the Nigeria dreams of building a safe and sound that economic structure will come to nothing in the absence of reliable and well-concord financial Institutions. For better understanding of this research work, I have organized these work-ups into chapters.

Chapter 1-2 which includes this introduction, background of the study, definitions, roles, Advantages, Objective and problems facing Financial Institution in Nigeria etc.

Chapter 3 looks at the problems confronting the Financial Institutions. Recommendation and Conclusion.

 

 

 

1.2     PURPOSE OF  THE STUDY

            As already pointed our in the introductory it would be recalled here that the establishment of the Central Bank in (1958) gave rise to the emergency of several others

INTERNAL CONTROL SYSTEM AS A MEANS OF PREVENTING FRAUD IN NIGERIA FINANCIAL INSTITUTION

 (A CASE STUDY OF FIRST BANK OF NIGERIA PLC ONITSHA)

Download our android mobile app for more materials

ORDER NOW

COMPLETE MATERIAL  COST  N2,500 Or $10.  FRESH  PROJECT MATERIAL  COST 50,000 NAIRA FOR UNDERGRADUATE, OTHERS 100,000 -200,000 NAIRA.

THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OUR  CUSTOMERS CARE  OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

 

ABSTRACT

 

This research work was the infernal control system as a means of preventing fraud in Nigeria financial institution. However for a more defiled study was carried on First Bank Nigeria Plc Onitsha Head Office.

This study was necessary because of the increasing  wave of Bank fraud in Nigeria in resent times as reported by the Niger dailies. Therefore the need to investigate these reports and if confirmed, a financial institution and to what extend the application of an effective internal control system can go to help matter.

All aspect of this work is very relevant in one way or the other to the Nigerian Banking Industries, as a whole, and for those who may be interested in carrying out further study in this topic.

Also data were collected through primary and secondary sources, the primary sources of data are mainly through personal interviews and of questionnaires, while the secondary source include Books, Newspapers, Magazines.

From my finding it was ascertained that Banks have the best internal control system in Nigeria. The internal system is both adequate and effective, although more operating improvement and review is vital. The management of the bank should be at alert so as to chose any loophole that may arise in their inferview control system.

Also, it was discovered that the major cause of fraud is the employment of dishonest staff. Therefore staff quality like intergrity should be ascertained before employment. There should be an increased enlightens on the legal implications of fraud among other.

TABLE OF CONTENT

 

 

CHAPTER ONE

• Introduction

1.1     Purpose of the study

• Significance of the study
• Scope of the study
• Limitations of the study
• Definition of terms

 

CHAPTER TWO

2.0     Review of related literature

• Definition of fraud
• Types and causes of bank fraud
• Concept and definition of internal control
• Type of control
• Internal control system in financial institution (FIRST BANK PLC)

Reference/Note

 

CHAPTER THREE

3.0     Summary of Finding, Conclusion and Recommendation

• Finding
• Conclusion
• Recommendation

Bibliography

CHAPTER ONE

1.0     INRODUCTION

          BACKGROUND OF THE STUDY

It is feared that the inability of management to ensure effective enforcement to rules and regulation have rendered that operation of internal control system s the Banking industry open to abuse. The net effect could be that every one carries out his schedule off duties in any manner he likes which consequently gives those wishing to commit  fraud their long expected golden opportunity.

Prior to 1952, there was no form of Banking art or ordinance to regulate the establishment and operations of Commercial Banks or a Central Banks to supervise the control of Banking Nigerian. During that time many Banks was registered some of which never operated and even since that  period, fraud has remained a permanent feature in out Banking industry. This resulted in the loss of faith and trust in the financial institutions by Nigeria and consequently, under-development of the banking habit in the country.

However with the introduction of the first  banking ordinance in 1952, and the central Bank of Nigeria (CBN) Act in 1959 and other subsequent Acts and ordinances with their amendments over the years, used to regulate and control the activities and operations of financial institutions in the country, fraud in financial institution have rather increased in magnitude and the methods used to perpetrate them acquire greater sophistication day after day. Now with the introduction of modern procedures and advancement in information technology such as those in communication system, automatic electric gadgets and computer into the banking system coupled with the various precautionary measures taken by bank agent, fraud have rather taken nuclear  dimensions and the size of sums involved increased at a geometric rate and also with the held of Anipkitan (1976) a banker of repute, I Ashimi (1976, p6) a banker of prudent, Ughamadu N. (1991) observed to be liable in its banking sector and be very porous to fraud and many others who have contributed to maintain a prudently measured to the ascertainment of financial banking assets and liabilities.

Consequently, the confirmed existence of financial institutions rests delicately on the maintains of public  confidence. This calls for the establishment of an effective system of internal control which among other  things will help to ensure that the laid down procedures standard and statuary requirement.

To establish a sound internal control system various organization adopt scope of their operations. Internal control system requires a continues check and rechecking of day-to-day  activities of the business in order to ensure the correctness and firmness of the accounting records, and to detect and expose any deviation when it has accord. Most financial institutions loose confidence of the people not only through fraudulent use of funds but also through some detect infraudulent practices and or syndication of some dishonest staff facilitated by defects in the Bank internal control system. There is therefore a great need to climate or minimize the defects loopholes and make money effective and operational to quard against the occurrence and re-occurrence of fraud in our financial institutions.

 

AN OVERVIEW OF FIRST BANK PLC

First Bank of Nigeria Plc was incorporated on 31^st March 1894 as a limited liability company with an authorized share capital of  2 stilling, but  today it has been  registere at the companys house for I,II years. The establishment of First Bank of Nigeria Plc predates the birth the Nigeria nation as a soverign entity. The Bank which was registered as Bank of British WEST African  in 1894, has therefore evolved along the path of political, social and economic chapes  and development of Nigeria. It thuse shered in the process of its growth, the final experiences of the nation which in retrospect  were sources of strength.

First Bank of Nigeria Plc is engad in Commercial Banking Business. It’s head office is located in Lagos. It is the policy of the board of Directors that the bank should play an important role in the Commercial  Banking industries in Nigeria Accordingly the Bank is committed to the expansion of it’s branches net word with a view of eventually making it’s services available through the country.

New the bank has branches all over the country and overseas, large they embarked on the increase in publicity, it therefore well equips and computerized in order to enhance the delivery of its services and as well took internal control system to check the level of fraud attitude against customers an members of the coy. The bank is committed to successful restricting and development of the nations economy as it’s rural objective. Towards this end, the bank is interested in assisting small scale industries, farmers, cooperatives societies and community development efforts.

The service include savings account current account, standing orders and direct debit current services, fixed deposits, loans and advances, corporate finance international operations, these services are being carried out by efficient human resource of the bank which made up to both senior and junior cadres.

 

1.1     PURPOSE OF THE STUDY

This research work concentrates essentially on the financial institutions with special a view to providing

EVALUATION OF FINANCIAL ABUSE IN THE PUBLIC SECTOR

(A Case Study Of Federal Inland Revenue Service Headquarter Abuja)

Download our android mobile app for more materials

ORDER NOW

COMPLETE MATERIAL  COST  N2,500 Or $10.  FRESH  PROJECT MATERIAL  COST 50,000 NAIRA FOR UNDERGRADUATE, OTHERS 100,000 -200,000 NAIRA.

THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

ATM CARD:  YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OUR  CUSTOMERS CARE  OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

 

 

CHAPTER ONE

BACKGROUND OF THE STUDY

The main objective of writing this project “on the evaluation of financial abuse in the federal inland revenue service” is to bring to the notice of the readers the source from which government derived its revenue and how its expenditure controlled and also to identify the evaluation of financial  abuse in the federal inland revenue service and some control measure which the government can adopt in order to present the financial abuse in federal inland revenue service.

 

The appropriate govern46ment organ institution on largely responsible for the collection of tax is the federal inland revenue service while the office responsible for the accountability of the money collected on behalf of the government is the revenue mobilization and fiscal commission operated as a department in the federal ministry of finance.

As part of the re-organization the federal government of Nigeria found it necessary to create revenue division from federal ministry of finance. This made it an autonomous body known as Federal Inland Revenue service, the board become more effective in collection of revenue for the federal government.

 

Financial abuse in the public sector is an attempt by which the government allows the financial mismanagement, embezzlement and wastes in it’s sector and to identify the various key area that course all abuse in the public sector and also examine the method to used. All abuses therefore this research would go deeply into the plan in the organization in the financial aspects, check the accuracy and reliability of the accounting clate promote operational efficiency .and encourage adherence to prescribed official ‘polices and guideline.

In consideration of this topic, therefore is that there must be some element in which every organization must adopts the ones that are necessary for the controlling some financial transactions in that organization custody and security of Assets. The background of the study is to identify the various source of revenue for federal in land revenue service are as ‘follows, VAT, Personnel Income Tax, Custom Duties Company Income Tax, Education Taxe Capital Gain Tax, Import Duties and Export Duties Petroleum Profit Tax, etc are allocated to the various department project and to examine the financial record of federal inland revenue service to know whether there is adequate system of internal control in the organization. The evaluation of financial abuse in the federal Inland Revenue service encountered some likely peculiar issue has regarding to financial record accuracy of the tax administration in Nigeria have received a lot of attention and commentance, some people have advocated for an over haul of over system. That we should do things that are peculiars to Nigeria environment and these that are not should be left out. The board is faced with a lot of problems which include:

1. SHORTAGE OF PERSONNEL: The personnel department play an important role in the system of revenue collection in the state, this shortage of staffs is capable of impairing the objective time of maximizing personnel income tax revenue by 1996. The senior officials in the federal inland revenue services of intend revenue was 286 but present were 354, the reduction percent was at minimum of 50%.
2. PROBLEM OF ASSESSMENT TAX: Assessment problem centres among the location of the personnel income tax and the determination of his assessable income, effectiveness within the content of personnel income tax administration may be measured in terms of the ratio of actual to potential coverage.

CURRUPTION AMONG TAX PAYER:

COMPUTER AN IMPORTANT SYSTEM IN THE PROCESSING OF ACCOUNTING INFORMATION

COMPLETE PROJECT  MATERIAL COST 2500 NAIRA OR $10

. A FRESH TOPIC NOT LISTED ON OUR SITE COST 50,000 NAIRA ( UNDERGRADUATE) OR 100,000 FOR SECOND DEGREE STUDENTS. $500. PLUS  FREE SUPPORT UNTIL YOU FINISH YOUR PROJECT WORK. CONTACT US TODAY, WE MAKE A DIFFERENT. DESIGN AND WRITING IS OUR SKILLED.  DESIGN AND WRITING IS OUR SKILLED.

Note: our case study can be change to suit your desire location . we are here for your success.

                                   ORDER NOW

Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
 Account Number:  0117780667. 
Swift Code: GTBINGLA 
Dollar conversion rate for Naira is 175 per dollar. 

 

Note:  We accept bank transfer, ATM cash transfer , Online payment using your ATM , Western union bank transfer.  We will respond to you anytime of the day. 

OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.

form>DELIVERY PERIOD FOR BANK PAYMENT IS  LESS THAN 24 HOURS

CALL OKEKE CHIDI C ON :  08074466939,08063386834.

AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO

08074466939 or 08063386834, YOUR PROJECT TITLE  YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.

WE HAVE SECURITY IN OUR BUSINESS.   

MONEY BACK GUARANTEE

Click here to download our android mobile app to your phone  for more materials and others

ABSTRACT

This project is on computer an important system in the processing of accounting information the question is, to what extent is computer recreant in the processing of accounting information.

Technology affords better ways of doing things. No one doing serous business today will claim to be totally oblivious of the importance of computers are vary helpful and generally time saving, some business can still so without it.  Therefore while considering if to get computer one should be rational and really should evaluate the benefits derivable from a computer by the business visa-vis the planned investment outlay.

It is against this background that the major concern of this research was made to identify desirable from computerization of accounting information system.

Chapter one, is the introductory chapter.  It gives an over view of the research.  It examines the research problem the statement of problem the purpose of the study significance, scope and limitations of study, research hypothesis and definition of some terms.

Chapter two provides a working definition on related literature. The following were considered.  The computer, organization of accounting information system, impact/ relevance of computer in processing of accounting information planning for a computerized accounting system, benefit / cost of computerization in an organization and doing business without computer.

Chapter three examines the research methodology used in the study, it describes research design, analysis procedure, source of data, collection of data, population and description of questionnaires.

Chapter four presents the result of the data analysis and the testing of hypothesis.  Chapter five discusses the research findings based on data analysis.  The conclusion of the research findings and recommendations are made in this chapter.

It is hoped that this study will stimulate more research on related topics.  Finally, it is hoped that the findings from this study will add to the existing knowledge in administration.

 

CHAPTER ONE

1. Introduction                                                                       1

1.1     Background of study                                                         1

1. Statement of the problem                                                   6
2. Research hypothesis / question                                          8
3. Significance of the study                                                   10
4. Scope and limitation                                                          11
5. Definition of terms                                                            12

Reference                                                                           15

CHAPTER TWO

2. Review of related literature                                                16

2.1     The computer                                                                    16

1. Organization of accounting inf. System                             19
2. Impact/ relevance of computer in

processing of accounting information.                               21

1. Planning for computerized accounting system                   26
2. Cost and benefit of computer to an organization                62
3. Business without computer                                                66

Reference                                                                           72

CHAPTER THREE

3. Research design and methodology                                     73

3.1     Research design                                                                 73

1. Population                                                                         73
2. Sources of data                                                                  74
3. Data collection                                                                   76
4. Data analysis procedure                                                     76
5. Description of questionnaire                                              77

CHAPTER FOUR

4. Data presentation & analysis                                              79

4.1     Data analysis                                                                      79

1. Testing of Hypothesis                                                        92

 

CHAPTER FIVE

5. Findings, conclusion & recommendation                           115

5.1     Summary of findings                                                         115

1. Conclusion                                                                        117
2. Recommendation                                                               118

Bibliography                                                                      119

Appendix i                                                                         121

Appendix ii                                                                        128

 

CHAPTER ONE

INTRODUCTION

1. BACKGROUND OF STUDY

The basis for financial planning and analysis is the financial information financial information is needed to predict, compare and evaluate the firms earnings ability it is  also required to aid in economic decision making investment & financial decision making.   The financial information of an enterprise is contained in the financial  statement or accounting report.

Accounting is the guide post for management every enterprise should know the activities carried on by it and the financial implication of its operations.  The financial score of an enterprise is kept by the accounting system accounting information unit in business context is a unit in an organization that processes transaction to provide score keeping.  It points out the problem faced or likely to be faced by the enterprise.  It also brings to the notice of the firm the opportunities that are likely to arise.  It indicates possible action, when needed.  Accounting is the process of identifying, measuring and communicating economic information to permit judgment and decision by users of the information.

Accounting information could be classified under two heading or three headings.  Under two headings.  It is classified as.

1. Financial accounting which provides information about profit and loss and financial position of the organization at a given period and  management accounting which provides management information needed for planning and control in an organization.

Under three heading.   It is classified as:

i.        Routine – Internal report:  That is day to day reports to management for planning and control of the organization function for instance performance report financial reports and accounts.

2. Non-routine report:  This aids management for examples budget forecast, estimates and projections and articulation of computer organizational goals.  No lay down format
3. External report :  this is for external interest groups like government and creditors.

In the present country, the accounting information system has improved tremendously owing to advancement in technology.  The development of computer has been acclaimed as the most important technological development of the twentieth centaury

          Davis (1981-88) defined computer as a machine that is capable of manipulating or processing data under its own control without the need for being.  “I computer has an electronic device that has the ability to accept data, internally score and automatically execute a program of instruction performed mathematical logical and report the result.

Computer is the latest craze in Nigeria today and it will continue to be relevant as the country develops. It has gained acceptance in all sectors of the economy.

The computer system as an important in the processing of accounting information cannot be over emphasized . the complicated nature of decision which must be taken in business organizations and government institution most especially in the area of financial and accounting operation often makes the use of computers mandatory if efficiency and effectiveness is to be maintained. As pointed out by Chukwu D.C.

The intelligent use of computer by the industrialized  nations are led to efficient and effective private and public sectors which produce high quality goods at low cost and are seller able to whether the violent storm of keen foreign competition.

Developing economics like Nigeria enjoy low cost goods and services provided by develop economics and at the same time tries to protect their local industries from stiff foreign competition goods and services provided by these developing communities are inferior and dearer compared to that of developed countries.

Speed and accuracy of services are the watch word in most computerized industries mainly in fully industrialized. This makes it possible for them to realized their ultimate objectives (i.e. wealth maximization)

Through the use of computers economic pictures of the organization could be enhanced by cost displacement. Operational and revenue improved by the introduction of computers in all sectors of the economy. The tread towards representing information in manual dates to Hollezith (1890). In recent time there has been a move towards doing away with manual record keeping and transmitting the information electronically leading to what is called “ Paperless optice” However, it normally turns out that what goes automated is not the function as it has been performed to do what would normally be uneconomical and in some cases impracticable. Instead one looks for a character of function, typically consisting of transition of current work of a number of people which can be redesigned so that he computer can do something equivalent although usually not identical. Once such a duster of work has been identified and the computer application designed one must also redesign the jobs of the people with whom the computer application will have to face.

The work of some workers will be substantially affected by the introduction of computers it does not mean, for instance that an accountant cases to be an accounted rather, the computer greatly aids his diverse operation as an accountant.

In fact, computer is gradually taking over all sphere of human endeavors especially the processing of accounting and cam perform any function provided information fed into it is accurate, complete and factual

 

 

 

1.2     STATEMENT OF THE PROBLE