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A Comparative Analysis Of Computerized Accounting System And Manual Accounting System
[A Case study of Ama breweries Plc. Eke, Udi L.G.A and Africa petroleum Plc Presidential road]
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1.2 STATEMENT OF THE PROBLEM
In recent times, most companies and
organizations have been using the manual form of operations in their
accounting systems. Primarily, this manual accounting systems used to
meet the organizational information requirement but this has been on
consistent failure in recent times as a result of growth and
diversification of business and technological advancement complexities
in information technology to meet the current business demands.
Thus,
companies and organizations had usually been faced with a number of
problems in the use of this manual accounting system which involve lack
of ability to handle sufficient volume of data in terms of speed and
accuracy, insufficient data storage and retrieval system often resulting
in loss of vital records, incorporating final updates, rampant report
of frauds and forgeries in the use of the system, unseemliness of
information which implies that information needed for effective decision
making . This is repeatedly, as a result of poor retrieval and
inability to collect large volume of data within the required time. All
these problems include consequence in great loss of scarce resources and
impeded organization growth, steadiness and advancement.
Hence, in
attendance to affect these problems related with the manual accounting
system and substitute it with the development of an integrated
accounting software system where financial and non-financial accounting
transaction are recorded, analyzed, retrieved, reported, interpreted,
summarized and processed.
1.3 OBJECTIVE OF THE STUDY
The main objective of this study is a comparative analysis of software accounting system and manual accounting system.
The study aims at ascertaining the following objectives:
1.
To evaluate whether frauds and forgeries are encourage in computerized
accounting system i.e. software accounting system than the manual
accounting system.
2. To examine whether software accounting system can handle large volume of data than the manual accounting system.
3.
To study whether the use of software accounting system increases
effectiveness and efficiency in organizations or companies than manual
accounting system in reducing the amount of funds lost through frauds
and forgeries.
4. To examine whether software accounting system is
capable of storing, retrieving, analyzing, processing, summarizing and
reporting rapidly than manual accounting system.
5. To show the operational and reporting system in both the manual accounting system and software accounting system.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThis research study is a comparative analysis of computerized accounting system and manual accounting system with reference to Ama breweries plc. and African petroleum plc. all in Enugu state. It is a survey research. The study is a comparative evaluation of computerized accounting system and manual accounting system to ascertain which one is more effective and efficient than the other. Data were collected from primary and secondary sources which include the use of questionnaires, person ... Continue reading---
