Thesis in computerized accounting
Theories of computerized accounting system
Theoretical Framework For most people, a computer is known to be just a piece of equipment used to make work easier. He argues that users are assumed to have reasonable knowledge of business and willingness to study and understand the information. With Computerized accounting, accurate, up-to-date business information is literally at the fingertips. Security: With the manual accounting system, every record is on paper and in case of any uncertainties such as heavy floods, landslides and fire outbreaks, the useful data may all be lost, and yet with the computerized accounting system and the introduction of internet and networks in the information technology world, an easy backup and restoration system as well as the use of passwords to avoid unauthorized parties from accessing the data, keeps the information secure. Companies can create cost reports, trial balances and financial statements at the click of a button. As an input, the researchers will use the Computerized Accounting System. The study will also be of great benefit to the students who will be able to access this information that will guide them in research and equip them with knowledge as far as manual and computerized accounting is concerned and the importance of computerized accounting. User can perform logical operations on texts as well as on numbers and symbols. Accounting According to Pallai understandability as a quality of financial reporting that enables users to perceive the significance of financial information. The respondents of the study included ten 10 proprietors of the enterprises that are using computerized accounting system in presenting their financial reporting. Financial Reporting and its qualities Cost : Some arguments may stress that manual accounting can be handled with cheap work force and resources and that it is reliable as it is done manually with minutes of observations Magdalene M, Interviews Direct interviews were also used to elicit responses from some members of staff. This is going to serve as a platform in which all the rural banks in the country are going to be networked to each other to facilitate faster and efficient banking.
Ahmed Qaalib Ismail carried out this research under my supervision and is submitted with my approval. Marivic described a computerized accounting system as a method or scheme by which financial information on business transactions are recorded, organised, summarized, analysed, interpreted and communicated to stakeholders through the use of computers and computer based systems such as accounting packages.
Associational research design was also used to establish the relationship between computerized accounting systems and financial reporting.
Availability of information — the data is instantly available and can be made available to different users in different locations at the same time. Level of output : Magdalene M, also argues that computerized accounting can actually handle thousands of calculations simultaneously and accurately as compared to manual accounting where by transactions are handled one at a time and even needs much time to do that as well as being characterized by human errors and mistakes in calculations which may eventually affect the final output of information and hinder effective decision making.
Data analysis Study Population The study population constituted management and employees from the departments of Accounts and information technology and procurement and logistics.
Security: With the manual accounting system, every record is on paper and in case of any uncertainties such as heavy floods, landslides and fire outbreaks, the useful data may all be lost, and yet with the computerized accounting system and the introduction of internet and networks in the information technology world, an easy backup and restoration system as well as the use of passwords to avoid unauthorized parties from accessing the data, keeps the information secure.
Financial decisions include raising and spending money as well as making promises that have financial consequences.
Enhanced User Experience Computerized accounting allows the company to enter data in a variety of ways which makes work a pleasure.
based on 117 review