ABSTRACT
The contribution of the banking industry to the economic
development of any nation cannot be over-emphasized. Computers have also
contributed greatly to ease the functions performed by this industries in
trying to meet its economic obligations to the nation. However, the computer
equipment together with the programs and data files may also be subject to
abuse by means of physical attack or distraction. Physical action and extortion
become a real possibility which must be guarded against because of so much of the bank’s information’s especially in
regards to financial matters and its ability to function as a service
organisation is bound up with the computer.This research work evidently
reviewed some of the accounting implication of computer installation. Despite
the huge success recorded by the computer, it still remains one of the easiest
and Fastest means to defraud an organisations. Funds. This research work has
also reviewed that computer make emblesslement easier to accomplish and harder
to detect. Dishonest users, Advanced fraudster (419) has been using the
sophistication and speed of computers to their advantage in the planning and
execution of computer aided fraud. Hence, the issue of computer security in our
banks should be given total commitment by the management of United Bank For
Africa (UBA).
CHAPTER ONE
INTRODUCTION
Computer has been over the years imposing a serious threat
in the accounting system of organizations. In Nigeria of today, computers and
computer technology are increasing becoming part of daily lives, especially now
that the present government has general encouraged its inclusion in the school
curriculum, even right from the primary education level. With the government’s
hands stretched, every other person would appear to be finding ways on how to
embrace knowledge in this discipline, no matter how little. These individual
efforts by people, even though sponsored in some instances by organizations
some of them work for, seem to have been yielding some fruitful results as it
is now almost common – place to find people decoding series of computer –
oriented technical jargons lither to alien to them.
Advancements and interests in computing have necessitated
some people, who were not previously science – oriented, to go for more
technical course on computer operation, computer programming, world –
processing and spread sheet, key – purchasing, system analysis, systems design
management, structured programming in series of languages; thereby making them
more technically sound and useful to themselves on the part, and to the
organizations they serve on the other. In industry as well, most establishments
have their key operations fully computerized while a host of others patronize
computer Bureaux for the installation and implication of some of their services
like payroll, sales ledger, Accounts Receivable, General ledger, stock control,
personnel Records, Inventory control, and so on.
To a large extent, therefore, the result of all these is
that increased awareness has been created about computers and that the
technology stands for almost through out the nation. On the other hands
computer are just tools used in getting information record and retrieved the
fastest way possible for subsequent use by the management through the use of
electronic data processing with the three main concepts being:
Input
Process and
Out put
As a result of this development, there seem to be an
explosion in the acquisition and use of computers in Nigeria, particularly
among banks. It is now in vogue for bank to rely on the availability and use of
computer facilities as an advertising medium each for advertising the quality
of services rendered by the bank.