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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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1.6 SIGNIFICANCE OF THE STUDY
This study has a lot of significance to the educational system and industrial environments.
1.
It impart hold knowledge to the general public who may not have the
opportunity of reading some relevant test on software accounting system
as well as manual accounting system.
2. It creates new initiative in information expertise sub-sector.
3. Non-computer experts with little or no assistance will be exposed and encourage through this study.
4. It provides important literature for other researchers.
5.
It will promote productivity, efficiency and effectiveness in
industries since users satisfaction is assured as well as error free and
speeding reporting system.
1.7 SCOPE OF THE STUDY
The coverage of
this study is limited to the study of a comparative analysis of
software accounting system and manual accounting system of which
particular attention is given using two companies in Enugu as study.
These companies are Nigeria breweries PLC (Enugu), African Petroleum PLC
(Enugu).
1.8 COMPANIES PROFILE
NIGERIA BREWERIES PLC
Nigeria
Breweries Plc. was incorporated on November 6th, 1996 as Nigeria
Breweries limited and was first commissioned in Lagos on 2nd June 1949,
while other branches were established such as Aba branch in 1957, Kaduna
1963, Ibadan in 1982 and Enugu in 1995.
AFRICAN PETROLEUM PLC
The
history of African petroleum Plc. dates back to 1945 when the British
petroleum company limited bought up the assets of the Atlantic Refining
Company on the West Africa coast. In1964, AP Nigerian limited was
incorporated in Nigeria. As an associate of the world wide AP group, it
marketed petroleum throughout the federal Republic of Nigeria. In 1973,
the company changed from a private company to public company, when 40%
of its shares were sold to Nigerian citizens in compliance with
provisions of Nigerian Enterprises promotion decree of 1977.
1.9 LIMITATION OF THE STUDY
There
is no research work or study that is entirely hitch-free. During the
course of this study, a lot of problems prompted up. The main limitation
of this research work is time factor. The researcher had limited time
with which he used in completing the study. This also created a room for
other problems and made data collection a difficult task.
The
problem of finance cannot be ruled out any research work of this entails
typing, photocopying, transportation etc. The unavailability of
material with which to work with constituted the limitation of the
research work.
The study is however limited to these companies.
Nigeria Breweries Plc. 9th mile Enugu metropolis, African Petroleum Plc.
Presidential road, Enugu. As well as the following financial areas:
Such as general ledger, account payable, account receivable, purchasing,
inventory control and cash resources. The research will also provide
overall information on software such as peach tree accounting system for
windows implementation procedures involved.
1.9 DEFINITION OF TERMS
SYSTEM:
It is an interrelated or interacting element organized into a complex
whole. A system is a group of interrelated components working together
towards a common goal by accepting inputs and producing outputs in an
organized transformation process.
SOFTWARE: It is a general term for
the various kinds of programs used to operate computers and related
devices. Software is the programs and symbolic languages that control
the function of the hardware.
MANUAL ACCOUNTING SYSTEM: These are
those system in which source document are posted by hands which extends
and includes method of processing, recording, journalizing transactions
posting to the ledgers, sales, cash receipt and other type of journals.
ACCOUNTING
SYSTEM: It is an organized set of manual and computerized accounting
methods, procedures and controls established to gather, record,
classify, analyze, summarize, interpret and present accurate and timely
financial data for management decisions.
ACCOUNTING: It is a system
for recording; classifying, measuring, interpreting financial data for
an organization to enable users make assessment and decision making.
COMPUTERIZED ACCOUNTING: It is what businesses used to track their financial information.
COMPUTERIZED
ACCOUNTING SYSTEM: It is a system used by business for recording their
financial information. Every time a transaction happens, an entry is
made into the 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---
