THE ROLE OF COMPUTER IN ACCOUNTING INFORMATION PROCESSING

By

NNAJI EMELDA NGOZI

Presented To

Department of Accountancy

TABLE FOR CONTENT

COVER PAGE I

TITLE PAGE II

APPROVAL PAGE III

DEDICATION VI

ACKNOWLEDEMENT V

TABLE OF CONTENT vi

CHAPTER ONE

INTRODUCTION 1

BACKGROUND OF THE STUDY 1

STATEMENT OF THE PROBLEM 3

OBJECTIVE OF THE STUDY 3

SIGNIFICANCE OF THE STUDY 4

SCOPE AND LIMITATION 5

LIMITATION 6

DEFINITION OF TERMS 7

CHAPTER TWO

REVIEW OF RELATES LITERATURE PREAMBLE 9

DEFINITION OF COMPUTER 9

HOW A COMPUTER WORKS 12

METHODS OF PROCESSING ACCOUNTTING

INFORMATION BATCH PROCESSING: 15

THE IMPACT OF THE COMPUTER ON OUR LIVES 17

CHAPTER THREE

SUMMARY OF FINDINGS: 19

CONCLUSION 20

RECOMMENDATION 21

BIBLIOGRAPHY 23

CHAPTER ONE

INTRODUCTION

BACKGROUND OF THE STUDY

Numerous aspects of our daily lives are affected by the advent of the computer. There is wide-ranging benefits for the economy and for the individuals as well by processing data quietly and efficiently. Computers have greatly facilitated the flow of information in society.

Today the would is undergoing a far reaching but unfortunately bloodless revolution due to advancement in technology. The business men, student and infect everybody would now readily see the indelible impact modern technology is having on people's lives.

On of the technologies that has the greatest impact on our would now is computer technology. The phenomenal growth in computer power with its attendant socio economic affects are being felt daily. Telecommunication efficiency would then be impossible without the automatic electronic computer.

Computers facilitate scientific research and development and international business also depend on it. In a very real since, the computer is a tool for accounting information processing.

The computer has become a tool that is used in one way or the other in virtually all fields of human endeavor. To those who are not very familiar with it or who have even see the computer have a narrow or even totally wrong notion of what it is or what it can do.

STATEMENT OF THE PROBLEM

This study entitled ;' The role of computer in Accounting information processing' has been a much desired topic right from the beginning. The fear has always been that new machines would put people off work.

So whereas the aim of the accounting efforts is to say the cease, to improve management information machines, to increase efficiency and output, to provide greater consumer and customer satisfaction

The question still arsis.

i. Is computer really a new frontier of opportune the means to solve our problem ?

ii. Or has the computer succeeded as feared, in displacing our workers?

iii. To what extent has the computer done in accounting processing?

These question constitute the problem that the work has set out to address.

1.2 OBJECTIVE OF THE STUDY

The essence of accounting is concerned with the record analysis, summary and interpretation of business and other entitles. Before the advent of the computer in the NEPA Enugu Directorate and first Bank Enugu Branch, Consumers electricity consumption was precept, pilled and posted to the ledgers manufacture, and balancing of ledgers, collection of charges, like interest on draft, interest on loan, preparation of customers, statement of customers were done respectively.

Therefore, it is the main objective of this report to asses the computerized system against the old order when manual filling and manual balancing of ledger was the practice.

Specifically, we wish to investigate;

i. Whether the use of the computer has affected accounting processing in term of division and multiplication

ii. Whether the computer introduction has in anyway improved the accounting processing with regard to the cash collections accounting services rendered to consumers, balancing of ledgers, collection charges like interest on our draft.

1.3 SIGNIFICANCE OF THE STUDY

The investigation of the role of computer in accounting information processing, hope that the result of this study will kindle the interest of other institution, public and private is the utility of computers. This if is be leaved would assist in the realization of the technology transfer dream of the country in the year 2000.

Additionally, it is hoped that the report will indicate some areas of knowledge which may be relevant to academic for teaching purpose, useful to students as a guide for future research work and what is more be an eye-opener to character accountant for better future decision making .

One last point, the thesis will be significant to the society at large because if by the use of computer, productively.(efficiency and effectiveness) could be enhanced, the society will benefit by the way of improved welfare, that is a higher standard of living.

1.4 SCOPE AND LIMITATION

Like most researcher in developing countries, I did not find it easy going all the way.

It is a frustrating experience to gain access to the place where valuable information is to be obtained.

A lot of problems were encountered in the collection of data, computer being a very technical tool, most companies find it very difficult to respond to the questionnaire correctly.

Moreover, some companies refused completely to give their machines, however, the information required were inter extracted from questionnaires,

LIMITATION

Despite the above wonderful scope, these are some limitations;

1. Complexity New problems require time and money to prepare for use of the computer. Programme which are written and used once are not very cast effective.

2. No intelligence; while capable of competing very computer tasks, the computer can do nothing unless introduced to by a human in the form of a program.

3. Cost; while computers have been getting cheaper they are still expensive and not all potential users can afford the computers great benefits.

1.5 DEFINITION OF TERMS

1. According; when given correct data and programs the computers results are virtually error - free

2. Input-Unit; It is the means by which that data is entered into the computer.

3. Out-put- Unit; It is the interactive and communicates to user through hardware dives.

4. The control unit; It controls and coordinates all the operations in the CPU it ensures the data and instruction are fetched from the correct addresses in the memory transferred to the AlU

5. Hardware; The electronic part of the computer that scores and manipulates symbols under the direction of the computer soft ware.

6. Software; It is a programs that direct the activity of the computer to accomplish a specific type of task.


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