final year project topics and materials

PROJECT MATERIAL ON: a comparative analysis of computerized accounting system and manual accounting system ( 93 pages) 

ABSTRACT

This 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, personal observations, text books, journals and internet. Three hypotheses were formulated and tested using Z-test statistics, while questionnaires were analyzed in tabular form using simple percentage. It was discovered that software accounting system is expensive to run, software accounting system handles larger volume of data than manual accounting system and software accounting system encourages fraud, and funds can be lost in organization with the use of software accounting system. As a result of the comparison between manual accounting system and computerized accounting system, to attain a larger volume of data and work accuracy in a shorter period it is better for organizations to use computerized accounting system to increase their efficiency. Those studying accounting as a profession should be introduced to both the theoretical and practical aspect of software accounting and to reduce funds lost through frauds and forgeries managers and accountants should provide software developers with progressive information relating to their business activities.

TABLE OF CONTENTS

Approval page ii

Certification iii

Dedication iv

Acknowledgement v

Abstract vii

CHAPTER ONE: INTRODUCTION

1.1 Background of the study 1

1.2 Statement of problem 4

1.3 Objective of study 5

1.4 Research questions 6

1.5 Research hypotheses 6

1.6 Significance of the study 7

1.7 Scope of the study 8

1.8 Companies Profile 8

1.9 Limitation of the study 9

1.10 Definition of terms 10

CHAPTER TWO: REVIEW OF RELATED LITERATURE

2.1 Evolution of accounting 12

2.2 Stages in evolution of accounting 17

2.3 Purpose of accounting information 18

2.4 Classification and storing data in an accounting environment 20

2.5 Accounting in the manual system environment 21

2.6 The nature of integrated accounting software system 22

x

2.7 Checklist for selecting accounting systems 24

2.8 Basic requirement of software accounting data 25

2.9 Advantages of using accounting software systems 28

2.10 Disadvantages of software accounting system 29

2.11 Comparison between manual Accounting system and

Software accounting system 31

2.12 Effect of software accounting system on customers 33

2.13 Effect of software accounting system on organization performance 33

CHAPTER THREE: RESEARCH METHODLOGY

3.1 Research design 36

3.2 Sources of data 37

3.3 Area of the study 38

3.4 Population of the study 38

3.5 Determination of the sample size and sampling technique 39

3.6 Validity and reliability test of the instrument 40

3.7 Method of data collection 41

3.8 Techniques for data analysis 41

3.9 Decision criterion for validation of Hypothesis 43

CHAPTER FOUR: PRESENTATION OF DATA, INTERPRETATION AND ANALYSIS OF DATA

4.1 Presentation of data 44

4.2 Test of hypotheses 57

4.3 Discussion of findings 72

xi

CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS

5.1 Summary of findings 73

5.2 Conclusion 74

5.3 Recommendations 74

Bibliography 76

Appendix 1 78

Appendix 2 79

CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND OF THE STUDY

Accounting system according to an Italian monk, Luca Pacioli (1491), is the combination of personnel records and procedures that a business uses to meet its need for financial data. Financial accounting also encompasses the summary of information and presentation of periodic reports such as profit and loss statement and balance sheet. The historical firms of accounting were of different degree of sophistication according to the need and techniques of the time. This is why modern accounting is based on the double entry system and the recognition of the dual nature of each transaction and this gives a co-ordinate support for the control of all the transaction of a business.

Accounting system according to business dictionary 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.

In spite of this, there are policies for reporting on an organization performance and current conditions.  ( 93 pages) GET FULL PROJECT MATERIAL.