The Impact of Computer in Processing Accounting Information in Nigeria Commercial Banks

ABSTRACT

The impact of to Nigeria Commercial Banks especially Union Banks Plc cannot be over emphasized. Many banks have realized the used of the computer as a means of improving their chequeing and of keeping data on customers for loans advances and other services.

These obvious advantages notwithstanding, must banks have not imbibe the computer . For the purpose of this study, this research was based on banks in Nigeria and occasionally drew emphasis from the Union Bank of Nigeria Plc, Head office Enugu Branch.

This study therefore showed the actual contribution of computers to the banking industry and the problem faced by banks, which has not gone into computerization.

A good number of banks in Nigeria are computerized and consequently time wastage in banks are reduced, there is increase in banks deposit, there is better storage of information and greater efficiency in banks deposit, there is better storage of information and greater efficiency in banks services, there is reduced workload in banks.

The researcher used both primary and secondary data. The primary sources will include the use of questionnaires while the secondary data will include text books, article and other important write-up in various journals.

It is expected that the implementation of the findings and recommendations in this research work ill improve the services rendered by banks to their various customers by increasing usage of computerized services personnel training and encouraged computer.

ITC programmes to boost the activities and operations of banks aimed at enhancing and optimizing services to the customers.

TABLE OF CONTENTS

Title page
Certification
Dedication
Acknowledgement
Abstract
Table of Contents

CHAPTER ONE: INTRODUCTION

1.1 Background of the Study
1.2 Historical Background of Union Bank of Nigeria Plc
1.3 Statement of Problem
1.4 Objectives of the Study
1.5 Hypothesis of Research Questions
1.6 Significance of the Study
1.7 Scope and Limitations of Study
1.8 Definition of Terms
References

CHAPTER TWO: REVIEW OF RELATED LITERATURE

2.1 A Brief Loot at Accounting, its Past, Present and Future
2.2 Evolution of Computer
2.3 The Basic Elements of a Computer System
2.4 The Evolution of Commercial Banks and its Operations in Nigeria
2.5 The Application of Computer to Banking Operation
2.6 System Design Development
2.7 Principles of Accounting System
2.8 Accounting Information System Concept
2.9 The Growth of Computer in Nigerian Banks
2.10 The Effect of Information Technology on the Growth of the Banking Industry in Nigeria
2.11 Hindrance to Computer/ IT Application in Nigerian Commercial Banks
2.12 Computerized Budgeting System and Use of Computer in Analysis
2.13 Accounting Software
2.14 Computerized Accounting Systems
2.15 Peach Tree Accounting
2.16 Internet Banking
2.17 Electronic Payment System: The Role of Banks in Electronic Commerce
2.18 The Role of Accountants in our Banking Industry’s Decision Making Process
References

CHAPTER THREE: RESEARCH METHODOLOGY

3.1 Research Design
3.2 Area of Study
3.3 Population of Study
3.4 Sampling Method
3.5 Source of Data
3.6 Method of Gathering Data
3.7 Questionnaire Design
3.8 Tool for Statistical Analysis
References

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS

Introduction
Presentation of Data from Research Questions
Hypothesis Testing
Conclusion of Data Analysis

CHAPTER FIVE: SUMMARY OF FINDINGS, RECOMMENDATIONS AND CONCLUSION

Summary of Findings
Recommendations
Conclusions
Bibliography
Appendix A
Questionnaires

INTRODUCTION

Financial accounting can be defined as the process of collecting, recording, presently and analyzing and interpreting financial information for the users of financial statement [Robert, O. Igben 2007]

Accounting is the language of modern business, a tool for business decision making. It is used by people associated with business, whether they are managers, owners, investors, bankers, lawyers, and accountant.

It provides financial information to people inside and outside the organization who need and are authorized to have such information.

A system like a computer in the most general sense of the word is a group of interrelated components that processed inputs into outputs to meet some objectives.

An accounting information system is a group of components that processes raw data into financial information to meet the purpose of these internal and external users, however, when we talk of accounting information system we invariably refer to computer assisted tec
hniques in accounting [Warren, 1997].

REFERENCES

Adebowale, O. [1998]: Page 4, The Myths and realities of Computer. Daily Times, Newspaper , [Dec. 6th] Nigeria.

Adibe, O and Ani, u. [2004]:Computer literacy: A Fundamental Approach. Bins Publishers Ltd Enugu.

Alu, A. O. [2002]: Effects of Information Technology on Customer Service in the Banking Industry in Nigeria. Obafemi, Awolowo University, ile-Ife Nigeria.

Bodnar and Hopwood [2001]: Accounting and Information System. 8th edition. Prentice hall Inc.
Clifford, G. [1984]: Nigeria Banking Magazine, Page 10.

Eze, Ben O. [1999]: Application of Computer, Lecture Monograph. University of Nigeria, Nsukka Campus [Unpublished].

StudentsandScholarship Team

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