The impact of information technology in accounting system
Sold By: Joe Project Store | Item Type: Project Material | Report this? | Attributes: 75 pages | 1-5 chapters | Amount: ₦5,000 | Marked useful: 6,605 times
INSTANT PROJECT MATERIAL DOWNLOADThe impact of information technology in accounting system (a case study of unilever Nigeria plc CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Before now, business Success was built on the ability to move goods and services with speed and accuracy. Today, information has become the fuel that powers business Success .In contemporary Cooperate world, information technology is deployed to gain competitive edge.
Information technology has been defined as the processing and distribution of data using computer hard ware, software, telecommunication, and digital electronic (Encarta Encyclopedia: 2004).
Therefore it is now obvious that computer component of information technology can no longer stand alone without the combination of other component. However, management planning and control responsibilities are also par amount to a successful enterprise and they represent a mandatory of an Organization to progress and survive in today highly unpredictable and competitive business environment. The projected plan of operation must be decisive and dynamic timely, intelligent planning must be predicated on current known fact and a thorough analysis and realistic approach to inevitable Feature probabilities .These key requirement for planning directions will lead to Business probability and an equitable return on investment, which are the objective of a successful management.
The techniques and mechanical tools required to accomplish the development of planning and control objective are now available, but in many instances, appropriate management organization, interest and progression in fully acknowledging their utilizations unfortunately lacking. This is a dilemma that must be overcome.
In addition, management control system must not be overlooked. It comprises; the plan of an organization and all of the Coordinates methods and measures adopted within a business safeguard its assets check the accuracy and reliability of its accounting data, promote operational efficiency and encourage adherence to prescribe managerial policy.
In other word, it could be regarded as whole system of control, financial and otherwise, establishment by the management in order to carry on the business of the company or organization in an orderly manner, safeguard its assets and secure as far as possible measures. The accuracy and reliability of its record for planning measurements for performance and control purpose .
Information technology is the technology used for study, understanding planning, design, construction, testing, distribution, support and operation of software, computers and computer related system that exist for the purpose of data, information and knowledge processing.
Another definition of the information technology (IT)is the industry has evolved include the study science solution set for all aspect of data, information and knowledge management, processing.
THE COMPANY UNDERSTUDY
Unilever (formerly known as lever brother) Nigeria plc (Rc113) is the largest surviving manufacturing outfit in Nutria. The company in cooperated as a private company in 1923 (as lever brothers Nigeria plc) to manufacture soaps based on local palm oil. The company Strengthen it foot hold in the food and drink business by merging with Lipton Nigeria limited in July (1985) and also merged with chase brought products industry in December (1988) to become a giant in personal product business.
In accordance with Nigeria enterprises promotion degree of 1972and 1977, 40% of the company equity is held by Nigeria citizens and institution, while the remaining 60% is held by Unilever overseas holding limited , Lipton tea company limited and chase borough product international limited.
Today Unilever Nigeria plc is a leading company in the industrial sector, engages in the manufacturing achere and marketing of wild range of household product.
1.2 STATEMENT OF PROBLEMS
Management will often worry about the cost(financial and social) of putting computer based system for processing accounting data and generating accounting information. incident of computer fraud. Problems that may be associated with real time online operations. Errors of input (garbage in garbage out) (GIGO) Problems of system errors. Problems that may be associated with the applications of computer based audit procedures
This material content is developed to serve as a GUIDE for students to conduct academic research
DOWNLOAD THIS PROJECT MATERIAL NOW!
Advertise Here
Not what you were looking for? Perform a search
What's your project topic?
Comment on Facebook:
Related Project Materials
- 1.
THE IMPACT OF COST REDUCTION TECHNIQUES ON THE PROFITABILITY OF MANUFACTURING COMPANIES
CHAPTER ONE INTRODUCTION 1.1 Background to the Study The proficiency of a company in cost management significantly influences its trajectory of exp...More »
Item Type: Project Material | 54 pages | 666 engagements |
- 2.
AN EXAMINATION OF THE RELATIONSHIP BETWEEN INVENTORY MANAGEMENT AND ORGANIZATIONAL PROFITABILITY IN ...
CHAPTER ONE INTRODUCTION Background of the study A critical constituent of current assets is inventory. It constitutes approximately 60% of its ove...More »
Item Type: Project Material | 54 pages | 364 engagements |
- 3.
THE IMPACT OF FINANCIAL LITERACY ON THE PERFORMANCE OF SMALL SCALE ENTERPRISES IN CAMEROON
CHAPTER ONE INTRODUCTION 1.1 Background to the Study Small scale enterprises' (SSEs) contribution to the national economy should not be undervalued...More »
Item Type: Project Material | 54 pages | 1,756 engagements |
- 4.
THE EFFECT OF GOOD RECORD MANAGEMENT IN ORGANIZATIONAL PERFORMANCE IN CAMEROON
CHAPTER ONE INTRODUCTION Background of the study Since time immemorial, information has been considered an essential resource for all types of orga...More »
Item Type: Project Material | 54 pages | 873 engagements |
- 5.
A STUDY ON THE IMPLICATIONS OF ETHICS IN FINANCIAL REPORTING ON MONEY DEPOSIT BANKS IN LAGOS
CHAPTER ONE INTRODUCTION 1.1 Background of the Study The idea that an entity's financial statements are subject to a set of rules dictated by estab...More »
Item Type: Project Material | 54 pages | 1,020 engagements |
- 6.
AN APPRAISAL OF GLOBAL HEALTH INITIATIVE IN RESPONSE TO PREVENTION TO PANDEMIC DISEASE IN NORTH WEST...
CHAPTER ONE INTRODUCTION Background of the study The Global Health Initiative (GHI) aims to enhance the effectiveness and influence of all U.S. for...More »
Item Type: Assignment | 54 pages | 1,262 engagements |