AN EVALUATION OF IMPACT OF COMPUTERIZED ACCOUNTING SYSTEM IN UNITED BANK FOR AFRICA (UBA) NIGERIA PLC KADUNA
ATTENTION:
BEFORE YOU READ THE CHAPTER ONE/ABSTRACT OF THE PROJECT TOPIC
BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL
PROJECT COSTS N5,000 ONLY.
THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT
IS AT THE BOTTOM OF THIS PAGE. OR YOU CAN CALL: 08137701720
AN EVALUATION OF IMPACT OF COMPUTERIZED ACCOUNTING SYSTEM
IN UNITED BANK FOR AFRICA (UBA) NIGERIA PLC KADUNA
ABSTRACT
This research was carried out on the topic, problem and prospect of the
computerized Accounting system in Nigeria Banks. Using the United Bank for
Africa (UBA) Nigeria Plc, Ahmadu Bello way branch as a case study. The
researcher intention was to find out how the use of the computerized accounting
system is of benefit to Nigerian Banks to know whether the computerized
accounting system can increase the speed at which withdrawals and deposits are
made, to know the extent to which banks’ staff have acquired the knowledge for the proper application of
the system and to find out the problems associated with the use of the system.
To achieve these, the researcher made use of both primary and secondary sources
of data. The primary source of data used for this work were the questionnaire
and interview though the questionnaire was mainly used. It was administered on
the total number of staff in the processing department of the bank i.e. the
sample size for this work. The sample size was ninety five (95). That is to say
there were ninety five (95) employees in the processing department of UBA
Nigeria Plc, Ahmadu Bello way Branch. The questions asked in the questionnaire
were based on the research questions answers to which were not 40 positive.
That is to say, though a large variable of the respondents responded
positively, some had opposite views. All said and dome, the researcher came up
with findings, that the use of the computerized accounting system had improved
the effectiveness of the banks operating. It has also increased the speed at
which customers of the bank can make deposit or withdrawal. The findings of
this research project also had it that employees of the bank still need to be
trained in computer technology so as to increase their knowledge of computer
operation. Some problems found out be associated with the use of the system
where the issues of fraudulent transactions which can be done easily without
being detected through the computer, unauthorized transaction and change in
programme instructions so as to affect some accounting information. After
concluding that the use of the computerized accounting system had done good to
the banking sector of Nigeria
considering the positive changes witnessed by banks in Nigeria since
its introduction, we recommended that Nigerian banks diverse. Their resources
into implementing modern computer based system. They should try to meet up with
their foreign counterparts who are applying more advanced computer technology
in their operations. Banks in Nigeria
should develop means or ways of detecting fraudulent transactions. That might
be committed by same employees and also provide opportunities from time-to-time
for their staff to go for computer training and skills improvement.
TABLE OF CONTENTS
Title page i
Declaration ii
Approval page iii
Dedication iv
Acknowledgement v
Abstract viii
Table of content xi
CHAPTER ONE
1.0 Introduction 1
1.1 Background of the study 4
1.2 Statement of the study 6
1.3 Objective of the study 7
1.4 Research questions 8
1.5 Significance of the study 9
1.6 Scope of the study 10
1.7 Historical Background of the case study 10
CHAPTER TWO
2.0 Literature review 13
2.1 History of computers 13
2.1.1 Generations of computer 15
2.1.2 First Generation of computer 15
2.1.3. Second
Generation of Computer 17
2.1.4 Third Generation of computer 18
2.1.5 Fourth Generation of Computer 18
2.1.6 Fifth Generation of Computer 19
2.2 Types computers 20
2.2.1 Types of computer based on function 20
2..2.2 Types of
computer Based on structure 22
2.2.3 Types of computer based on usage 23
2.3 The computer hardware system 24
2.3.1 The Generation processing Unit (C.P.U) 25
2.3.2 The peripherals 26
2.4 The computer software system 28
2.5 Method of procession data as
it
computerized accounting
system. 35
2.5.1 Input 36
2.5.2 Processor 36
2.5.3 Storage 36
2.5.4 Output 36
2.6 Method input 37
2.7 Techniques of processing 41
2.7.1 Batch processing 41
2.7.2 On line processing 41
2.7.3 Real time processing
techniques 42
2.7.4 Looping or cycling
processing techniques 42
2.7.5 Interactive processing
techniques 43
2.7.6 Data base control
system 43
2.8 Data processing department
and control 44
2.8.1 Internal Data
processing control 44
2.8.2 External Data
processing control 45
2.9 Computer based Accounting
system 45
2.9.1 The need for
computerized accounting system 46
2.9.2 Advantages of computer
based
Accounting system 47
2.9.3Disadvantages of
computer based accounting system 49
CHAPTER THREE
3.1 Introduction 51
3.2 Research design 51
3.3 Area of study 51
3.4 Population of the study
52
3.5 Sample 52
3.6 Instruments for data
collection 53
3.7 Validation of the
instruments 53
3.8 Reliability of the
instruments 54
3.9 Methods of data
collection 54
3.10 Method of data
analysis 54
CHAPTER FOUR
4.0 Data presentation and analysis 57
4.1 Data presentation 57
4.2 Data Analysis 62
4.3 Testing of hypothesis 72
4.4 Summary of findings 75
CHAPTER FIVE
5.0 Summary, Conclusion and
Recommendation 77
5.1 Summary 77
5.2 Conclusion 79
5.3 Recommendations 79
Appendix I 81
Appendix II 82
References 87
CHAPTER
ONE
1.0. INTRODUCTION
During the primitive
age very little or no notes were taken into proper record especially those
activities and transactions involving money. The records and notes were usually
taken either in memory (human being) or some marks on the ground or trees.
As man developed from this
primitive era to more complex economic society, there occurs notable growth and
expansion in his way of life and activities he undertakes. During this time,
the most disturbing problems that man faced was that there were no accounts and
records. Being properly kept and stored. These therefore allow for inefficiency
and breach of contract and trust.
The more developed man
became the more the need for systematic record keeping and storage. The
complexity of the society lead to chronological order of manual development in
record keeping. Important records can be kept manually for future use but still
in tedious way.
At a more technological
era, more work was done in the accounting system. Accuracy, efficiency and
durability became pressing problems that faced the manually kept and processed
records in the accounting system, hence the development and introduction of
electronic mechanical machine into the accounting system became very vital.
A systematic
technological advancement however gradually gave birth to what is known today
as the computer. A computer is an electronic device capable of accepting data
as input, applying prescribed processes on such data and giving out an output
which is called information, computer can also be said to be a machine that
manipulates in accordance with given rules in a pre-determined manner. It is an
electronic device that is used to process complex and variety of data within
the shortest possible time: This is because it has very high speed of operation.
Data can get into the
computer for processing via the input devices such as keyboards, diskette, CD
Rom, punch cards, flash drive etc. the actual processing of data within the
shortest possible time: this is because it has very high speed of operation.
Data can get into the
computer for processing via the input devices such as keyboard, diskette, CD
Rom, punch cards, flash drive etc. the actual processing of data takes place in
the arithmetic and logical unit (ALU). The control unit (CU) is where all the
activities of a computer system are being monitored or coordinated and planned.
There also is the memory that is the unit in charge of storing or keeping all
data or information in a computer system for a long and short period of time.
This storage is made possible under the supervision of the ROM and RAM.
There are various types
of computers. They are classified as either analogue, digital or hybrid
computers. A computer can also be a single purpose computer or a general
purpose one. The computer is being used as an accounting device to perform
various types of routine office jobs which formerly required the services of
the clerical officer. Where the computer is installed and used effectively. It
could perform payroll calculations, update accounts receivable and payable,
control inventories, process insurance data, prepare dividend, keeping
depositors accounts, distribute costs and expenses.
Accounting system in
common use ranges from simple system in which accounting records are maintained
by hand to sophisticated system on magnetic disk. The accounting to be used in
any given company should be well tailored to the size and to the information
need of the business in a computer based accounting system, he accountant need
only to enter the data needed for the computer to prepare journal entries. All
the writings and postings to general ledger and subsidiary accounts are then
handled by the computer.
1.1 BACKGROUND
OF THE STUDY
Computer being a new remarkable thing in the
banking system in the country has increased the rate of which financial records
such as ledger, customers accounts, balance sheets etc. are prepared. Since
there immemorial banks usually process information such as calculations of
money, updating of customers account etc manually, or with the aid of pocket
calculators. In recent times, the number of customer operation account with the
banks have increased. As a result of this, banks there fore decided to employee
a means through which information can be processed efficiently and to ensure
reliability in a speedy manner and this therefore initiated the introduction of
computer operation into the banking system.
Many Nigeria banks
had since computerized their system of accounting, UBA Nigeria Plc is not an
exception. It is therefore expected that by now the computerized accounting
system whole have increased the speed in the deposit and withdrawal of money
from the UBA Nigeria Plc Ahmadu
Bellow Way branch. It is also expected that this
system would be of immense benefit to the bank and that staff of the bank
especially the cashiers would have by now, acquired the necessary skills that
would enable them perform effectively using the computer. Apart from these, the
UBA is expected to have discovered problems (if there are) associated with the
use of computerized system of accounting.
1.2 STATEMENT
OF THE PROBLEM
Banks in Nigeria have been using the
computerized accounting system in their day-to-day activities. The UBA had
adopted this system also.
The efficiency however of using this system by
banks in Nigeria
needs to be ascertained alongside its problems. Identifying how efficient the
computerized accounting system has being would go a long way in accessing it
i.e. knowing the advantage and disadvantage associated with it. Also one can be
able to conclude that their advantage out numbered its disadvantage or their
disadvantage over-power it advantages. Beside this, one can also have an
insight on how Nigerian banks had change or improved over the years in terms of
efficiency and accuracy since the introduction of the computerized accounting
system. Into Nigerian banks the following therefore are the problems that
promoted the undertaking of this research study. They include:
i.
Persistent
system failure hinders the effective rendering of service to customers.
ii.
Break down
or temporary lack of service in the system also affect the operation of the
bank.
iii.
Manipulation
of the computers by the staff with the attempt to defraud the bank also make
important effect on the operation of the bank.
iv.
Frequent
changes in the computer packages and without proper and adequate training also
affect the operation of the bank.
1.3 OBJECTIVES
OF THE SUDY
In every organization, either private, public
volumes of paper work are being created daily and these volume of paper
represents data that must be processed. This study will highlight the ways the
computer has help to minimize the work load this study is also aimed at
highlighting the problems of computerized accounting system, (if there are) in UBA Nigeria Plc Ahamadu
Bello way branch where manual efforts are being replaced with computerized
activities. It is also the aim of this study to find out how the computerized
accounting system has assisted the bank in achieving their goals and
objectives.
This work would also analyze the prospects of the
use of the computerized accounting system in modern banking.
1.4 RESEACH
QUESTION
The research questions were chosen to be used by
the researcher instead of formulating hypothesis. This study will attempt to
provide answers to the following research questions.
1.
Do you
agree that your organization has training policy?
2.
Do you
agree that the type of training and development undertaken by an employee
determine his/her present and future position?
3.
Do you
agree that the training policy of your organization is satisfy able?
4.
Do you
agree that poor performance necessitates training of staff in your
organization?
5. Do you agree that the need to improve staff
skills and ability is what necessitate training of staff in your organization?
1.5 SIGNIFICANCE
OF THE STUDY
This study would enable the researcher to pass
their experience on the subject matter i.e. the problems and prospects of
computerized accounting system in Nigeria banks to the concerned organization
i.e. UBA Plc, Ahmadu Bello way branch so as to enable them be more conversant
with any problem that might be identified as a result of the use of the
computerized accounting system.
The findings of this research work will also serve
as reference for academic endeavour to lecturers and students and also help
customers of banks who would want to know about some advantages and
disadvantages (if any) of the use of the computerized accounting system.
1.6 SCOPE
OF THE STUDY
This study focuses on identifying the benefits that
accurse to Nigeria
banks as a result of the use of the computerized accounting system. It also
tries to figure out any problem associated with the use of this system.
Considering the time frame within which this work
is to be completed and other factors; the researcher have decided to limit is
work on the UBA Nigeria Plc, Ahamadu Bello way branch. The research will cover
UBA Ahmadu Bello way branch Kaduna.
1.7 HISTORICAL
BACKGROUND OF THE STUDY
The UBA has its antecedents rooted in that of its
precursor, the British and French bank Ltd. The British and French Bank ltd
itself metamorphosed from BNCI, Parish (banquet National Pour Le Commerce ETL
Industries) reestablished in 1932.
In 1949, the British and French Bank began
operations in Nigeria
at broad street, Lagos
and officially opened for business in December with staff strength of twelve
(12). The bank went public in 1960 in accordance with the policy and intention
of the French owners of the bank to sell some of their shares to Nigerians. UBA
became the First Bank among the international banks operating in Nigeria at that
time to be registered under the Nigeria
law. Its paid up capital was over 4 million.
By 1961 the bank grew from it one office structure
to ten branched ;located in Lagos,
Kano, Kaduna and Port Harcourt. The
branches that pioneered this early development of the bank include Kano branch established
in 1934, Ebute meta branch (May 1933), Apapa, were huse road (March 1936) and
Port-Harcourt, Aggrey Road
(October 12936).
Due to the recent consolidation in the banking
industry UBA was acquired by standard trust bank plc, however, the name of the
bank stood as UBA. This was probably because of the good name and popularity of
UBA. The acquisition took place some times between July and August 2005. After the merging, UBA now have four
hundred and twenty six (426) branches nation wide with a capital and assets base
of about 100 billion and N400 billion respectively. UBA is the first to emerge
a mega bank in Nigeria.
Through the merger resulted in the retrenchment of
some of its staff, UBA staff has increased in number when compared to the
number before the merging, presently, the chairman of the bank is Barrister
Sofola (San).
HOW
TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you
will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5,000) into our bank Account
below, send the following information to 08137701720
(1) Your project topic
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
NOTE:
YOU CAN ALSO MAKE A TRANSFER PAYMENT
FOR MORE INFORMATION, CALL:
08137701720AFFILIATE LINKS:
Comments
Post a Comment