ASSESSING THE IMPACT OF COMPUTERIZED ACCOUNTING SYSTEMS ON THE PERFORMANCE OF SELECTED BANKS IN ENUGU METROPOLIS, NIGERIA
ABSTRACT
The research topic of this study is “Assessing the impact of computerized accounting systems on the performance of selected banks in Enugu metropolis, Nigeria – a study of selected banks in Enugu Metropolis. The purpose is to know whether the application of a Computerized Accounting System supersedes that of a manual Accounting System, whether if computerized Accounting System enhances higher turnover and profitability, and also whether a computerized accounting system is an effective means of keeping accounting records. The study population is 70 persons who are members of the staff of the three major selected banks. Using Taro Yamene’s formula the sample size calculated gave (60). The formulated hypothesis was tested using the analysis of variance (ANOVA) statistical technique at a 5% level of significance. The researcher also made use of primary methods of data collection which included questionnaires and personal interviews. Also, the secondary method of data collection used was gotten from official documents of the banks, various research work on the computerized accounting systems, accounting journals, textbooks, and Caritas University Amorji – Nike, Emene, Enugu State Library. Based on these, the researcher recommended that banks in Enugu Metropolis should channel most of their resources into the training and development of bankers and Accountants personnel in computerized accounting system-related technology such as I.C.T to boost performance in their banking operations and their personnel. Also due to the widespread computer trends and its dynamics nature, it is recommended that banks in the Enugu metropolis that are still battling with the manual systems should adopt specifically the
Computerized Accounting System.
TABLE OF CONTENTS
Approval Page i
Dedication ii
Acknowledgments iii
Abstract iv
CHAPTER ONE:
INTRODUCTION
1.1 Background of Study 1
1.2 Statement of the Problem 4
1.3 Objective of Study 4
1.4 Research Questions 5
1.5 Hypotheses of Study 6
1.6 Significance of Study 7
1.7 Scope and Limitation of Study 8
1.8 Definition of Terms 9
CHAPTER TWO:
REVIEW OF RELATED LITERATURE
2.1 Conceptual Framework 10
2.2 What is Accounting System? 15
2.3 Methods for Computerization in Accounting 17
2.4 Types and Principles of Computerized
Accounting System 20
2.5 What Is Computer and Computer Trends 26
2.6 Types and Why We Use Computer Systems 28
2.7 Accounting Packages. 37
2.8 Application of Computer in Accounting System29
2.9 Merits and Demerits of Computerized Accounting System and its Differences
with Manual Accounting System 41
2.10 Problems and Control of Computerized
Accounting System 49
2.11 The Effect of Computerized Accounting Systems on the Performance of the Banking Industry in
Nigeria 47
2.12 A Brief History Origin of Banking under study 49
CHAPTER THREE:
RESEARCH DESIGN AND METHODOLOGY
3.1 Research Design 52
3.2 Sources of Data 53
3.3 Research Instrument 55
3.4 Reliability/Validity of Research Instrument 55
3.5 Population of Study 56
3.6 Sample Size/Technique 57
3.7 Administration of Research Instrument 61
3.8 Method of Data Analysis 61
3.9 Decision Criterion for Validation of Hypothesis 62 CHAPTER FOUR:
| DATA PRESENTATION AND ANALYSIS | |
| 4.1 Presentation of Data | 63 |
| 4.2 Testing of Hypotheses
CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS |
80 |
| 5.1 Summary of Findings | 93 |
| 5.2 Conclusion | 95 |
| 5.3 Recommendations | 96 |