ABSTRACT
This research work is aimed at ascertaining the various roles played by using a computer in recording accounting information problems and prospects in the modern business world using Bendel feed and flour mill, Ewu, Edo state as a case study. The importance of using a computer in recording accounting information will be apparent when considering the fact from the data that is gathered in the course of this work, from the related literature as well as, from interviews and discussions. Also, the questionnaire was distributed equally and collected which yielded or revealed that the use of computers in recording accounting information [played a positive role in initiating computer use in the modern business world. The information supplied by the Chief accountant in Bendel feed and flour mill Ewu, Edo state contributed to the success of the exercise. The statistical analysis used in the study includes the hypothesis testing in which the questionnaire is analyzed under their related hypothesis and the use of the chi-square test of homogeneity. It will also be discovered that it is important among other groups of professionals needed for this implementation of the exercise. Therefore, they formed the pillar on which any successful establishment rests upon. Based on the findings, it was recommended that the use of computers in recording accounting information should be given a free hand in implementation exercise in order to enhance the importance of the use of computers in recording accounting information.
CHAPTER ONE
INTRODUCTION
In this present world, individuals, businessmen, firms and government have seen the effects of computers in the area of recording and safekeeping of information, However, this computer cannot function unless the day-to-day business activities are well documented and fed into it properly. Every business get up has different levels of management and each of these level of management and information to enable them make decision on how he objective of the organization can be achieved likewise, the government need of computer networking can never be over-emphasis in the sense that, every government departments, ministries, and parastatals are computerized. This project is designed to cover every aspect of computer roles in recording accounting information for management use. Unlike the stone age when the computer has not been in existence, people were getting information from inscriptions on stones and carvings in wood. All these information is soon forgotten because there was no special method designed to preserve then.
In Nigeria before the advent of the computer, nearly al clerical works are, done by paper and pen. This gives rise to
1. Mismanagement of stationeries.
2. Errors and omissions in accounting enterprises
Monotonous work and tiredness and other, associated clerical problems. But since the introduction of the computer, these problems are minimized. Therefore, the use of computers in recording accounting information in this modern world cannot be over sighted. In the past, recording, filing, and safekeeping of information were known as “routine clerical work” but with the advent of sophisticated, electronic business machines it is now known as “data processing”.
Today, no business can survive without the use of computer especially, in recording accounting information. It is on this ground that this project is carried out to make people; businesses, finance, and government know the roles that a computer is playing in keeping accounting records.
1.1 OBJECTIVES OF THE STUDY
This research work on “The use of computer in recording accounting information, problems and prospects” is to investigate or require for the following:
a. To know a brief history of computer
b. To understand some important components of the computer
c. To know the uses and importance of computer in keeping accounting records.
d. To understand some of the problems that are associated with the use of a computer.
e. Knowing the advantages and disadvantages of using a computer to record accounting information.
f. To create awareness on the use of computers in business.
1.2 STATEMENT OF THE PROBLEMS
“Garbage in garbage out” is a general phenomenon in computer. The electronic computer has no self-judgment and as such devoid of human errors. It is what you feed into the computer (input) that it gives out (output). For example, if one feeds in the wrong data into the computer, no matter how efficient the programming may be wrong output will be the outcome because the computer has been misleading. In addition, the computer has its own language and all data are [programmed and written in this special language. There fore, it required a lot of training without which the computer will not make any meaning to the users.
Furthermore, the computer does not function effectively in a hot environment, for this reason, it requires a huge amount in installing air-conditions to enhance efficiency. Finally, small businesses cannot afford a computer because it is costly to buy and maintain. This constitutes a bottleneck in getting the correct information and as such, the small businesses cannot thrive in the presence of the big ones.
1.3 PURPOSE OF THE STUDY
The purpose of this study is to conduct an indebt study in the problems and prospects that are faced with the use of computers in recording accounting information. Moreover, individuals, businessmen, firms and government are not fully aware of the uses of computer, it is designed to create this awareness.
Another reason why this research work is embarked on is to answer a lot at questions that are raised by users and non-users of computers in book-keeping.
1.4 RESEARCH QUESTIONS
The following are some of the questions the researcher would like to find the answer to in order for him to carry out the project effectively:
a. What made individuals, firms and the government adopt a computer system?
b. What has been the effect of the use of a computer on old and new staff?
c. Routine clerical work” and “Data processing” which is more economical?
d. What improvement has a computer made to the general accounting system in the counting?
e. What are the problems that generate from the use of a computer?
f. What is needed to make computer use effectively?
g. What effect has the use of computers in the labor market?
h. In modern accounting, can a computer be left out in recording information?
1.5 RESEARCH HYPOTHESIS
The following hypothesis shall be treated in the coursed of carrying out this research work:
1.HO: There is no significant relationship between the electronic data processing approach and the manual system approach.
Hi: There is a significant relationship between the electronic data processing approach and the manual system approach.
2. HO: Computer has no positive effect on recording accounting information.
This material content is developed to serve as a GUIDE for students to conduct academic research
THE USE OF COMPUTER IN RECORDING ACCOUNTING INFORMATIONS: PROBLEMS AND PROSPECT
Project 4Topics Support Team Are Always (24/7) Online To Help You With Your Project
Chat Us on WhatsApp » 09132600555
DO YOU NEED CLARIFICATION? CALL OUR HELP DESK:
09132600555 (Country Code: +234)
YOU CAN REACH OUR SUPPORT TEAM VIA MAIL: [email protected]
09132600555 (Country Code: +234)