Project Materials

GENERAL

ASSESSING THE IMPACT OF ACCOUNTING SOFTWARE IN THE PROCESSING OF ACCOUNTING INFORMATION.

click here to get this project topic material with complete chapters 1-5 for just ₦3000 flat rate.

Do You Have New or Fresh Topic? Send Us Your Topic



PROJECT TION

CHAPTER ONE

INTRODUCTION

1.1   Background of the study

is the art of recording, ifying and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof. can also be referred to as an information system that measures, processes and communicates financial information about an economic entity. Advancements in information technology have dramatically improved accounting systems and transformed economic life. Computers and other digital technologies have increased office productivity facilitating the rapid exchange of documents, research, collaboration with far-flung partners and the collection and analysis of data. Information technology gave all sorts of individual economic actors the new valuable tools for identifying and pursuing economic and business opportunities.

Information (IT) deals with the application of computers and telecommunications equipment to store, retrieve, transmit and manipulate data. This may also be described as anything that renders data, information, or perceived knowledge in any visual format through any multimedia distribution mechanism.

Applying in the context of business, it is designed to help management in their stewardship function, support management in their day-to-day operations and decision making. In 1880, machines where invented to help in the accounting system. As year years passed by, advancements on information technology also transformed accounting systems and its processes. There were many in the Information System (S). This is designed to help in the management and control of activities related to the firms’ economic and financial area. system is essential for majority of the business entities. The advancements of technology have lead in the creation a computerized accounting system which is commonly adopted by business entities at present. This has created a competitive . Thus, entities need to improve their systems in order to match their information needs for better decision making.

An information system is a set of interrelated subsystems that work together to collect, process, and store, transform, and distribute information for planning, decisions making and control. The use of computer in information systems can improve the efficiency of information collection, processing, storing, transformation and distribution. information system (S) is a tool which was incorporated in the field of Information and systems. It is very important for business entities. This is the one responsible in generating reliable financial information needed for decision making. There are many varying designs of the system for they must consider factors that influence the way in which information is gathered and reported. It will still depend on the anticipated users of the information and the types of decisions they are expected to make. The design of the system may also depend on the size of the firm, volume of transaction data, nature of operations, organizational structure and business form.

evolved from everyday activities of an organization to produce relevant information for decision making. Information on financial activities is thus vital to organization’s existence, survival and growth. per and accurate record of these activities is therefore an effective means of generating the required accounting information. Every corporate organization, private or public, require records of its financial activities be kept for performance evaluation. However, the method of transmitting financial information has been greatly influenced by rapid changes in Information and introduction of computers. The first computing machine created was used for accounting which marked the new beginning in the history of the profession as it is being increasingly embraced by organizations to simplify accounting records. The introduction of computers and innovations in Information and Communication (ICT) has changed the manner accounting and functions are performed. Computerization of financial accounting system has posed challenges to the accounting profession as accountants now face a number of problems especially when doing accounting and of companies in the environment. It has however increased the fraternity (scientific exposure) of accountants to improve the service levels and variety of services rendered to clients. Traditionally, auditors’ schedule included discrete phases of planning but in today’s continuously evolving technology-driven world of financial statement, auditors might have to revise the traditional audit schedule due to changes in technology and perform tests on a continuous basis.

1.2   of the blem

in e-environment is highly challenging due to the fact majority of documents are kept ally. Some of the challenges include lack of source documents which evidenced a transaction, lack of audit trail, inadequate knowledge of computerized process of accounting data and initiation and approval of transactions.

1.3   Objectives of the Study

The objectives of this study include but not limited to;

1. To assess the relationship between accounting software and accounting information.

2. To identify the influence of accounting software in the gathering of accounting information.

3. To know the significant impact of accounting software in the processing of accounting information of an organization.

4. To identify the set-backs of accounting software and to proffer suggestible solutions.

1.4   Research Questions

1. What is the relationship between accounting software and accounting information?

2. What is the influence of accounting software in the gathering of accounting information?

3. What is the significant impact of accounting software in the processing of accounting information of an organization?

4. Are there set-backs in accounting software and what are the possible solutions to the set-backs if any?

1.5   Research Hypotheses

Ho: There is no significant impact of accounting software in the processing of accounting information of an organization.

Hi: There is significant impact of accounting software in the processing of accounting information of an organization

1.6   Significance of the Study

In today’s business environment, most financial accounting systems have been computerized and automated with little or no paper documentation. Technologies have greatly changed the nature of audits which have so long relied on paper documents. Auditors performing attest services for clients that process financial transactions ally therefore need to go extra miles to be professionally and technically competent in order to perform an acceptable audit.

1.7   Scope/Limitations of the study

This study is on assessing the impact of accounting software in the processing of accounting information.

Limitations of study

1.        Financial constraint- Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, questionnaire and interview). 2.        Time constraint- The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted for the research work.

1.8   Definition of terms

Software:describes a type of application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, payroll, and trial balance.

Information System: is a structure that a business uses to collect, store, manage, process, retrieve and report its financial data so that it can be used by accountants, consultants, business analysts, managers, chief financial officers (CFOs), auditors and regulatory and tax agencies.

Trial Balance:  is a list of closing balances of ledger accounts on a certain date and is the first step towards the preparation of financial statements

REFERENCES

Adefila, J.J. (2008.) Research Methodology in Behavioural Sciences. Kaduna, Nigeria: Apani publication.

Al-Bashtawi, S.H., and Al-Husban, A. (2009). Determinants of Auditing Electronic Information System, Journal of the Faculty of Jordan University, Vol. 9, Issue 2009

Bansal, A. and Sharma, A. (2001). New Challenges of : Auditing in E-Environment in India, Auditing Journal. Vol. 14, Issue 7, 2001

Barry, E. and Elliot, J. (2004).Financial and Reporting. London: Prentice Hall, ISBN 0-273-70368- 1.P.3

Frielink, A.B. (1959). Automatic Data processing, Elsevier Publishing Company, Netherlands.

Goodyear, L. E. (1913). Principles of Accountancy, Goodyear- Marshall Publishing Co., Cedar Rapids, IOWA, P.7.

S. Shanker,(2013) “How is Information Used in ?”,Chron Small Business Demand Media.

Not What You Were Looking For? Send Us Your Topic

click here to get this project topic material with complete chapters 1-5 for just ₦3000 flat rate.

TRUCTIONS AFTER PAYMENT

After making payment, kindly send the following:
  • 1.Your Full name
  • 2. Your Active Email Address
  • 3. Your Phone Number
  • 4. Amount Paid
  • 5. ject Topic
  • 6. Location you made payment from

» Send the above details to our email; contact@premiumresearchers.com or to our support phone number; (+234) 0813 2546 417 . As soon as details are sent and payment is confirmed, your project will be delivered to you within minutes.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Advertisements