EFFICIENCY OF ACCOUNTING SOFTWARES IN THE PREPARATION OF FINANCIAL STATEMENTS
- Project Research
- 1-5 Chapters
- Quantitative
- Chi-Square
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The study focuses on assessing the impact of the use of Accounting software in the preparing financial statement of commercial banks in Nigeria. The centre of attention was on three commercial banks namely GT bank, FCMB and First Banks; all in the Benin City, Edo State. A stratified sampling technique was used to select this sample. The Banks were stratified as follows: computerized and networked bank computerized but not networked and partially computerized. The main objectives of this work is to explore how Accounting software have forever changed many aspects of business and accounting practices especially in preparing financial statement and to consider the main reasons for the reluctance of some Commercial banks to adopt and utilize this new capability. The focus of the research was on areas that the researchers considered very critical in accounting software. These areas include: the need for accounting software, the cost-benefit analysis of a change to accounting software, financial and non-financial benefits of accounting software, factors considered before choosing accounting software and challenges associated with the use of accounting software and how these challenges can be overcome. The research concluded that the advantages of a accounting softwarefar outweigh its associated challenges as it has impacted the financial reporting of the banks positively. Hence, there is the need for businesses, particularly commercial banks to adopt Accounting software. Recommendations were that commercial banks should make a meticulous effort to migrate onto the Terminus 24, accounting software that the government of Nigeria has introduced, as it comes with added advantage to serve as a platform in which all the commercial banks in the country are networked to each other to facilitate faster and efficient banking.
Related Project Materials
CRITICAL APPRAISAL OF THE ACCOUNTING METHOD IN THE PETROLEUM/PETROCHEMICAL INDUSTRY
ABSTRACT
Accounting has been described as the language of business. This is true; in fact it could be seen as th...
PRIMARY EDUCATION IN NIGERIA-CHALLENGERS AND PROSPECTS
ABSTRACT
The research topic is “challenges and prospects of Primary education” in Nnewi Sou...
COMPARATIVE STUDY ON THE PERFORMANCE OF GOVERNMENT OWNED AND PRIVATELY OWNED MEDIA ORGANIZATION
Abstract
This project examines the comparative study of the performances of government owned and privately owned broadcasting media organ...
ADHERENCE TO ETHICAL ADVERTISING BY TRADO-MEDICINE COMPANIES IN EBONYI STATE
Background of the Study
Sub-Saharan Africa has a long tradition of traditional medicine advertis...
THE EFFECT OF HUNGER ON LEARNING CAPABILITY OF PRIMARY SCHOOL PUPILS IN EDO STATE
ABSTRACT
The main objective of this study it to examine the effect of hunger on learning cap...
FACTORS RESPONSIBLE FOR THE CONTRIBUTIONS OF SMALL AND MEDIUM SCALE BUSINESS TO ECONOMIC DEVELOPMENT (A CASE STUDY OF OIL FIELD TRANSPORT)
BACKROUND OF THE STUDY
The economy of Nigeria was mostly based on agriculture for a long time until oil...
STRATEGIES FOR REDUCING MALNUTRITION ON CHILDREN'S ZERO TO FIVE YEARS
ABSTRACT
The study examines the causes of malnutrition in children from zero to five years. This study was undertaken ma...
EVALUATION OF CHRYSOPHYLLUM ALBIDUM (G. DON) FRUIT GUM AS A SUSTAINED RELEASE MATRIX IN TABLET FORMULATIONS
ABSTRACT
The goal of designing sustained release or controlled release delivery system is to reduce the frequency of dosing or to increas...
THE DESIGN AND IMPLEMENTATION OF AN EFARMING SYSTEM APPLICATION FOR BELLO GOSTU FARMS
ABSTRACT
There are so many farmers in Nigeria with good products, the kind that someone somewhere wants to buy, but one of many problems...
USE OF SCHOOL LIBRARY AND ACADEMIC PERFORMANCE OF SENIOR SECONDARY SCHOOL IN ANDONI LGA OF RIVERS STATE
ABSTRACT
This study was carried out to examine the use of school library and academic performance of senior secondary sc...
