THE USEFULNESS OF DATA BASE IN FINANCIAL INSTITUTION

THE USEFULNESS OF DATA BASE IN FINANCIAL INSTITUTION

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ABSTRACT

 

This project work is aimed to reveal the usefulness of database in financial institution which will store all relevant information of all its work, process necessary document retrieved, edit and update information concerning worker and customers.

The amount of data being handled by organization has grown larger in recent years that managing it properly has become a sophisticated operation, an operation you are likely to be involved in the financial environment.  In any organization, information concerning them and each of their customers are kept in file.  In this file, a row of data is referred to as record and an individual piece of data within a records are kept on paper file jacket.  This type of storage is fraught with many problems.  For instance, as the amount of records increase the volume of paper work involve also increase.  This will in turn result in problem of storage space.  It becomes generally more difficult to manage such a system.  Also retrieval of information becomes cumbersome to tackle these problems, this project work “the usefulness of database in financial institution” is applied.

TABLE OF CONTENT

CHAPTER ONE:

  • Introduction
  • Purpose of the study
  • Significant of the study
  • Scope and limitation of the study
  • Definition of terms

 

 

 

CHAPTER TWO:

  • Definition of financial institution
  • Type of financial institution
  • Definition of database
  • What is database management system (DBMS)
  • Advantage of database management system
  • Model for organizing a database
  • Designing a database
  • Use of database in financial department

 

CHAPTER THREE:

  • Summary of findings, conclusion and recommendation

3.1     Findings

3.2     Conclusion

3.3     Recommendation

Bibliography

 

CHAPTER ONE

 

  • INTRODUCTION:

The amount of data being handled by companies has grown so large in the recent year that managing it properly has become a sophisticated operation, an operation you are likely to be involved in the environment.  The introduction of database management system concept that you should be familiar with in the environment.

In this environment, you are likely to hear the terms database and database management system being used frequently.  A database is a large group of stored, integrated data elements.  A database management system, (DBMS) is a comprehensive software tool that allows users to create, maintain and manipulate database to produce relevant information.  Example of database management system are dbase, Microsoft access, lotus approach, fox pro, oracle etc.  Although these software package are the products of different software companies.  Their principles of operation are basically similar if you learn one of them, you can easily adapt to another.  A database management system is intended to:

  1. Maintain data integrity
  2. Manage file access
  3. Define characteristics of data
  4. Eliminate data redundancy
  5. Make data independent of the application progrramme being used so that its easy to access and change.
  6. Establish relationship among records different files.

 

  • PURPOSE OF THE STUDY:

The purpose of this study includes the following:

  1. To determine the extent to which there is improved services to customers in financial institution due to appropriate database.

2.       To state the workable and application of database management system that will

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