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Sunday 10 June 2018

EVALUATION OF EFFECTIVE FINANCIAL MANAGEMENT IN A COMPUTERIZED ACCOUNTING SYSTEM

EVALUATION OF EFFECTIVE FINANCIAL MANAGEMENT IN A COMPUTERIZED ACCOUNTING SYSTEM
Abstract
the primary aim of this study is to check the effectiveness and efficiency of financial control in computerized environment i.e. First Bank of Nigeria Plc to ascertain whether computer has since adoption enhance profitability and effectiveness in managing the banking and other financial sectors or industries. This evaluation is targeted at exploring how the use of computer in the solving of accounting issues has yielded positive result in both the banking and other finance circle, thus using First Bank of Nigeria plc as a case study.
TABLE OF CONTENT
Title page                                                         i
Approval page                                                          ii
Declaration                                                              iii
Dedication                                                               iv
Acknowledgement                                                    v
Abstract                                                                   viii
Table of content                                                       ix
CHAPTER ONE: (1)
INTRODUCTION
  • Background of the study 1
    • Statement of the problem 2
    • Objectives of the study 4
    • Significance of the study 4
    • Statement of hypothesis 5
    • Scope and limitation of the study 6
    • Historical background of First Bank of
Nigeria Plc.                                                       7
  • Definitions of terms 10
CHAPTER TWO: (2)
        LITERATURE REVIEW
  • Introduction 14
  • What is computer         15
2.2.1        How does the computer works                                 16
2.2.2        Basic element of the computer                                 18
2.3   Accounting system                                           20
2.4   Computerized Accounting System                                   21
2.4.1        Advantages of Computerized
Accounting System                                          23
2.4.2        Disadvantages of Computerized
Accounting Systems                                                24
  • Limitation of computerized
Accounting System                                          26
CHAPTER THREE
        RESEARCH METHODOLOGY
  • Introduction 28
  • Population and sample size         29
  • Sampling techniques 30
  • Sources and method of data collection                 32
  • Method of data collection 33
  • Method of data analysis 36
  • Justification for the choice 37
CHAPETER FOUR
DATA PRESENTATION, ANALYSIS AND INTERPRETATION
  • Introduction 38
  • Computerized accounting system and its application in First Bank of Nigeria Plc.                                               38
  • Functional financial effectiveness in a computerized accounting system                                                        42
  • Limitation of financial effectiveness in a computerized accounting system in First Bank of Nigeria Plc. 46
  • Data presentation and analysis 47
  • Interpretation of data 52
  • Hypothesis testing 54
CHAPTER FIVE
SUMMARY CONCLUSION AND RECOMMENDATION
  • Summary 57
    • Conclusion 58
    • Limitation of the study 60
    • Recommendations 62
Bibliography                                                                        64
Appendix                                                                     66
CHAPTER ONE
INTRODUCTION
  • BACKGROUND OF THE STUDY
In the ancient days, human activities were relatively easy. The difficulties posed by nature then, were considerably simple and demanded solution of relative simplicity.
The compounded problems of man and his way to solve them necessitated the inventors of machine i.e. computer. Since the invention of the first machine, the world has experienced a tremendous degree of advancement in technology and one for the machine invented for solving complicated problems in the computer.
With increasing frequency, it is recognized that an understanding of the computer how it influence accounting operations and it is benefits to every accounting student and intend to work this world of advancing technology cannot be over emphasized.
Due to the recent intends in accounting operations and the complexity of these operations with the number of task to be performed constantly on the increase, to day’s accountants are left with no option other than to always device ways by which these increasing tasks could be processed, more speedily and accurately so that there will be no loss of information.
With the advent of computer many organizations have computerized their accounting system. An example for such organization with computerized accounting system is First Bank of Nigeria Plc.
  • STATEMENTOF THE PROBLEM
The computer is known for its speed and accuracy in processing information, such speed and accuracy have been achieved manually or by any other device.
It is expected that a computerized baking system will facilitate the speed and accuracy of processing transaction of financial nature and also reduces customer wasting time.
This has been achieved by virtue of technology, other countries where customers service and general financial management have been computerized whether it can be established is yet to be confirmed.
The fact of the matter which the researcher intends to study is:
  1. Of what relevance is computerization accounting system.
  2. Has there been a tremendous change in financial management and the entire systemsince the establishment of computerization accounting system.
  3. Though benefits are abound, could there be limitation of computerization an organization accounting system? What could be done to change the present situation.
  4. Whether the computerization has improved the level of fraud and other misappropriation of fund in the organization.
  • OBJECTIVE OF THE STUDY
The need to minimized fraud and improve service to customers is one of the primary important today, due to the increasing number of new generation banks therefore, the main objectives of this study is to asses:
  1. The effectiveness of financial control in a computerized environment
  2. Whether computerization has minimized the level of fraud and error in banking sectors.
  3. Whether computerization has improved the profitability performance of the organization.
  4. Whether it has increase speed in attending to customers needs and finally, effort will be made to recommend feasible banking organization.
SIGNIFICANCE OF THE STUDY
In spite of numerous decrees, enactment and there have been increase in the number of reported case of all kinds of misappropriation of customers funds and properties in the public sectors. And this study will bring enlightenment and be of great benefit to the entire country at large, and the significance is as follows:
  1. The computer will be serve as an eye opener for organizations both private and public sectors, who have the intention of computerizing its accounting system, but yet to know the benefits attached to it.
  2. Through this study, useful suggestion will be given out to the management on how to improve in their financial report.
  3. Performance of financial management and accountability with the view of improving it in future will be assessed that can be of benefit to the government and will serve as springboard for future used.

TOPIC: EVALUATION OF EFFECTIVE FINANCIAL MANAGEMENT IN A COMPUTERIZED ACCOUNTING SYSTEM
Chapters: 1 - 5
Delivery: Email
Number of Pages: 55

Price: 3000 NGN
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