THE ROLE AND THE PROBLEM OF ELECTRONIC DATA PROCESSING IN ACCOUNTING SYSTEM IN NIGERIA CHAPTER ONE
1.1 Background To The Study
Accounting system is a
system designed to record accounting transaction involving a business or
event taking into cognizance the policies of the firm. According to
Hartzell (2006) accounting system is the process of organizing,
summarizing, recording and reporting financial transactions with the
view of providing financial information to management to facilitate
policy decisions, budgeting, preparing financial report and other
financial approvals. Accounting system is viewed as formal systems which
identify measure, accumulate, analyze, prepare, interpret and
communicate accounting information of a business organization or
institution. Ama (2004). Accounting system is regulated by the
organizations policies, rules, regulations, methods, procedures and
techniques. Accounting systems constitute the mechanism adopted for
gathering and communicating the financial performance and position of
the organization. The two major types of Accounting System include
Manual Accounting system and Computerized Accounting System. The manual
system involves the use of hand for the posting of accounting
information into the various books of accounts of the firm. The
computerized system involves the use of specialized machines as computer
in gathering and processing of accounting information. It is also
referred to as Electronic Data Processing (EDP) Accounting System. The
applications of computer in accounting system involves the use of Word
processor, Data base and Spread sheet .The research seek to investigate
the role and the problem of electronic data processing in accounting
system in Nigeria.
1.2 Statement of the Problem
The accounting system is besetted by
some deficiencies. For example the computerized accounting system is
exposed to the risk of data theft and loss either as result of power
failure or from hackers. It is also exposed to fraud by those who can
secretly have access to the system. Customer information could be
tampered with in the process thereby leading to security breach. The
management could be deterred in some cases where there is loss of data
in executing legitimate projects and decision making. According to
Vermaat and Shelly (2011) computers related problems include health
risks, the violation of privacy, public safety, the impact on the labor
force, and the impact on the environment. Therefore the problem
confronting the research is to appraise the problem of electronic data
processing in accounting system in Nigeria
1.2 Objectives of the Study
To determine role and the problem of electronic data processing in accounting system in Nigeria
1.3 Research Questions
What is electronic data processing in accounting system?
What is The role and the problem of electronic data processing in accounting system in Nigeria
1.4 Significance of the Study
The study shall appraise the role and the problem of electronic data processing in accounting system in Nigeria
Accounting system is a system designed
to record accounting transaction involving a business or event taking
into cognizance the policies of the firm. According to Hartzell (2006)
accounting system is the process of organizing, summarizing, recording
and reporting financial transactions with the view of providing
financial information to management to facilitate policy decisions,
budgeting, preparing financial report and other financial approvals..
Ama (2004). Accounting system is regulated by the organizations
policies, rules, regulations, methods, procedures and techniques. The
computerized system involves the use of specialized machines as computer
in gathering and processing of accounting information. It is also
referred to as Electronic Data Processing (EDP) Accounting System. The
applications of computer in accounting system involves the use of Word
processor, Data base and Spread sheet
1.5 Research Hypothesis
Ho The role of electronic data processing in accounting system in Nigeria is not effective
Hi The role of electronic data processing in accounting system in Nigeria is effective
Ho The problem of electronic data processing in accounting system in Nigeria is low
Hi The problem of electronic data processing in accounting system in Nigeria is high
1.6 Scope of the Study
The study focuses on the appraisal of the role and problem of electronic data processing in accounting system in Nigeria
1.7 Limitations of the Study
The study was confronted by some constraints including logistic and geographical factor.
1.9 Definition of Terms
ACCOUNTING SYSTEM DEFINED
Accounting system is a
system designed to record accounting transaction involving a business or
event taking into cognizance the policies of the firm. According to
Hartzell (2006) accounting system is the process of organizing,
summarizing, recording and reporting financial transactions with the
view of providing financial information to management to facilitate
policy decisions, budgeting, preparing financial report and other
financial approvals. Accounting system is viewed as a formal system
which identifies measure, accumulate, analyze, prepare, interpret and
communicate accounting information of a business organization or
institution.
Ama (2004). Accounting
system is regulated by the organizations policies, rules, regulations,
methods, procedures and techniques.
Accounting systems constitute the
mechanism adopted for gathering and communicating the financial
performance and position of the organization.
A Research proposal for the role and the problem of electronic data processing in accounting system in nigeria :
Reviews: A Review on the role and the problem of electronic data processing in accounting system in nigeria , role, problem, electronic project topics, researchcub.info, project topic, list of project topics, research project topics, journals, books, Academic writer.
The study shall appraise the role and the problem of electronic data processing in accounting system in Nigeria
Accounting system is a system designed to record accounting transaction involving a business or event taking into cognizance the policies of the firm. According to Hartzell (2006) accounting system is the process of organizing, summarizing, recording and reporting financial transactions with the view of providing financial information to management to facilitate policy decisions, budgeting, preparing financial report and other financial approvals.. Ama (2004). Accounting system is regulated by the organizations policies, rules, regulations, methods, procedures and techniques. The computerized system involves the use of specialized machines as computer in gathering and processing of accounting information. It is also referred to as Electronic Data Processing (EDP) Accounting System. The applications of computer in accounting system involves the use of Word processor, Data base and Spread sheet.. computer science project topics
THE ROLE AND THE PROBLEM OF ELECTRONIC DATA PROCESSING IN ACCOUNTING SYSTEM IN NIGERIA