THE EFFECTS OF INFORMATION AND COMMUNICATION TECHNOLOGY (ICT) ON ACCOUNTING SYSTEM. (A CASE STUDY OF ACCESS BANK PLC)


THE EFFECTS OF INFORMATION AND COMMUNICATION TECHNOLOGY (ICT) ON ACCOUNTING SYSTEM. (A CASE STUDY OF ACCESS BANK PLC)

ABSTRACT

The purpose of this research work is to assess the effects of information and communication technology on accounting system a case study of Access Bank PIc, Ikeja branch Lagos.

The first chapter deals with introduction, purpose, significance, scope, limitation of study, statement of research problem, hypothesis and definition of terms.

The second chapter deals with literature review i.e. the explanation of various texts, past research on ICT development, problems, relevance of ICT to Accounting, Banking, Associated Risks of lCT and Challenges.

The third chapter is focused on the research methodology such as sources of data and method of data collection, Description of population, Research Design, Data collection and scoring

Chapter four deals with presentation, analysis and interpretation of data.

Finally, chapter five concentrates summary of findings, conclusion, Recommendation and Suggestion for further studies.

TABLE OF CONTENTS

CHAPTER ONE: INTRODUCTION

1.0        Introduction                                                                  

1.1     Historical Background of international Bank Plc  

1.2     Statement of problem                                          

1.3     Research Questions                                                      

1.4     Scope and limitation of study                              

1.5     Purpose of Study                                                           

1.7     Significance of study                                           

1.8     Hypothesis                                                                    

1.9     Definition of Terms                                                        

          References                                                           

CHAPTER TWO : LITERATURE REVIEW

2.1     Development of information and communication Technology (ICT) IN Nigeria.                                             

2.2     The Nigerian National Information Technology Policy

2.3     Communication / it Bodies in Nigeria                           

2.4     Problems Facings ICT in Nigeria                                   

2.5     Measures against Information and communication      

2.6     Relevance of information and Communication Technology to Accounting                                      

2.7     Area of information and communication technology Development in Accounting                             

2.8     Areas of information and communication Technology Development, Innovation and Banks            

2.9     Relevance of ICT in Accounting Department in Access Bank.

2.10   Risk Associated With Development of ICT             

2.11 Challenges of information and Communication Technology (ICT) TO Accountants                                     

CHAPTER THREE: RESEARCH METHODOLOGY

3.0     Introduction                                                                  

3.1     Statement of Research Questions                                 

3.2     Research Design                                                           

3.3     Research Design                                                             

3.4     Sources of Data/Method of Data Collection                  

3.5     Description of the Population                                        

3.6     Data Collection and Scoring                                          

          References

CHAPTER FOUR

PRESENTATION, ANALYSIS AND INTERPRETATION OF DATA

4.1     Introduction

4.2     Presentation, Analysis and Interpretation of Data

4.3     Testing Of Hypotheses

CHAPTER FIVE :

SUMMARY, CONCLUSION AND RECOMMENDATION

5.1     Introduction                                                                  

5.2     Summary                                                                        

5.3     Conclusion                                                                      

5.4     Recommendations                                                         

5.5     Suggestion for Further research                                   

          Bibliography                                                                 

          Websites                                                                        

          Questionnaire                                                                         

CHAPTER ONE

1.0   INTRODUCTION

Information and communication technology is important for the survival of any organization most especially in accounting profession. This is why the entire world now turned to technology to provide solution to economic and other identified problems. Information involves data processing system. It is the output of any data that has been assembled into a useful form, interpreted, understood by and useful to the recipient of the report. Communication can be said to be the process through which information is passed within an organization.

Accounting is often said to be language of business, it is used in the business world to describe the transactions entered into by all kinds of organizations. Accounting terms and ideas are therefore used by people associated with business; we speak of liabilities, inventory, assets, cost, expenses, capital and profit to mention a few. Accounting is the process of recording, strong, classifying, summarizing and interpreting day to day business transaction.

Accounting applications were among the first commercial used computer. It was their importance in the accounting operation that caused data processing department in an organization to be initially responsible for accounting and financial management through data processing department which are concerned with more than just accounting. As a result, organization now used accounting programs rather than any single type of program. Report should be prepared and information delivered to individuals and agencies outsides the organization. For this reason, virtually everyone associated with management of business must have at least a rudimentary knowledge of business accounting. These include: accountants, managers and other clerical and supportive staff.

Thus, it goes without mentioning that those who use communication and information technology (lCT) must have the knowledge of accounting process in order to maximize ICT effectiveness.

1.1   HISTORICAL BACKGROUND OF ACCESS BANK PLC

Access bank PIc came into existence in March 1989 as a product of the partnership between some visionary and dynamic Nigerian business men, to provide innovative and customer focus products and services that will satisfy the public growing needs for sophisticated banking service since its inception, a wide array of products and services covering investment banking, retail and fund management.

The bank is managed by some set of dynamic, versatile and result oriented team and easily won national claim by emerging as the most profitable merchant bank just after five years after it take-off. Over the years, the bank has grown to symbolize innovation service excellence and professionalize with a diversified group structure spanning the various areas of the financial service business. Access bank Plc has made substantial investment in information technology with all its branches effectively linked with one another and to the head Office through the Very Small Aperture Terminal (VSAT), which enhance on­line real time capabilities. This has made banking easy for the banks teeming customer across the country. project topics   final year project topics and research materials 

It obtains commercial bank in July 1999 and later obtained a universal banking license to avail many more business as regards customers of its unique products and services as well as tap into other market opportunities in other Nigeria economy. Following a resolution of the board in October 2001, the bank changed to a public limited company in June 2002 and followed it up with Initial Public Offering (IPO) in July same year. The capitalization of the bank was further boosted with N3.58 billion being proceed from the IPO and by mid-2004 the bank share holder fund had grown to NI0 billion before the new minimum capital base of N25 billion was set by the regulators. Consequently the bank returned to the capital market and raised new fund of staling N22.4 billion thereby grown its shareholders fund to N34.7 billion. The bank shares are listed on the Nigeria stock exchange (NSE). Since its debut in the commercial banking field, Access Bank Pic has pursued aggressive branch network expansion programme. It offers a full range of customers product covering a wide spectrum of the market and these include the Access Diamond Fund (lDF) Access valuable yield accounts (IVY) Access premium saving account (IPSA) to mention but few. The bank is a direct agent for western union money transfer and partner of master card. As socially responsible organization, it has maintained a long standing policy of corporate responsibility to communities in which it operates and has made impact in the areas of public health and education.

1.2  STATEMENT OF PROBLEMS

The advent of information and communication technology (lCT) has great influence on accounting system as well as the profession. The management aim of ensuring accuracy, validity and reliability of accounting records cannot be so much obtained if mechanized system is not in used especially in the case of organization with large Multinational networks.

The problems of inadequate and incomplete records resulting from frauds and other irregularities not discovered that would have enhance proper planning and effective decision making coupled with inability of a mutual system to meet up with the level of organization's expansion (in a very large establishment).

Hence, the effects of information and communication technology shall be examined in this study irrespective of the above problems

Hence, relevance of information and communication technology to accounting profession shall be thoroughly examined in this study in respect of the above problems.

1.3   RESEARCH QUESTIONS

The main research questions to be addressed in the course of the study are:-

What is the relevance of ICT to accounting profession? Does ICT assist organization in decision making? How can organization use ICT to bring out efficiency and effectiveness? Is there any relationship between ICT and accounting profession? Can accounting profession survive without ICT? What are the I CT packages used in accounting Can any organization achieve its goal without ICT?

1.4   SCOPE AND LIMITATION OF STUDY

The scope of the research work is limited to the analysis of the effects of information and communication technology an accounting system. The period to be covered by the analysis will be limited to the available information which is constrained by the availability of finance, transportation, time, secretariat barrier as well as relevant information.

1.5   PURPOSE OF STUDY

This study is primary directed towards the effectiveness and relevance of information and communication technology (lCT) on accounting system since majority of accounting entries now has software. It aims to explore have information and communication technology (lCT) have changed many aspects of accounting and financial reporting as well as the extent to which (ICT) has offer new and exciting opportunities to accounting professionals.

1.6      SIGNIFICANCE OF STUDY

Information and communication technology IS a crucial thing to accounting profession which cannot be taken with levity. It possesses a great advantage on the profession and the entire world. Therefore, the assessment of its effects to accounting system is essential for the following reasons:

To enhance management appraisal of operation and performance through the use of computer for accounting packages. To appraise the level of organization growth through the information collated and saved on the computer. To assess the relevance of let to organization decision making.

iv.   To assess the impact of let on auditing practice and other accounting services

To assess the effect of technological change on accountant personal quality.

1. 7 HYPOTHESIS

Ho:   ICT does not assist organization in decision making

Hi:   ICT assists organization in decision making

Ho:   There is no relationship between let and accounting profession

Hi:   There is relationship between ICT and accounting profession

Ho:   let does not influence effectiveness and efficiency within an    organization.

HI:   ICT influence effectiveness and efficiency within an organization.

1.8   DEFINITION OF TERMS

COMPUTER: This is an electronic device which is capable of solving complex problem quickly and accurately.

HARDWARE: These are actual physical components that constitute a computer

INTERNENT: This is a global heterogeneous network of computer system that share a common protocol

SYSTEM: This is an assembly of part where the part or components are connected together in an organized way. E-GOVERNMENT: This is a situation where the government agencies, parastatals and ministries are connected online and are accessible through internet.

E-UNIVERSITIES: Universities In the country and various countries of the world are new on internet providing and coaching to students.

E-BUSINESS: This is a situation where business transactions are conducted on internet. It thrives on reliable technology and good business practice

INTERNET: it means an international computer network made up of numerous networks. It is a large network of computer pooled together by miles of cables

INTRANET: It is a private network which belongs to an organization that uses internet protocol. It can only be accessible by members of the organization.

.

THE EFFECTS OF INFORMATION AND COMMUNICATION TECHNOLOGY (ICT) ON ACCOUNTING SYSTEM. (A CASE STUDY OF ACCESS BANK PLC)



TYPE IN YOUR TOPIC AND CLICK SEARCH.






RESEARCHWAP.ORG

Researchwap.org is an online repository for free project topics and research materials, articles and custom writing of research works. We’re an online resource centre that provides a vast database for students to access numerous research project topics and materials. Researchwap.org guides and assist Postgraduate, Undergraduate and Final Year Students with well researched and quality project topics, topic ideas, research guides and project materials. We’re reliable and trustworthy, and we really understand what is called “time factor”, that is why we’ve simplified the process so that students can get their research projects ready on time. Our platform provides more educational services, such as hiring a writer, research analysis, and software for computer science research and we also seriously adhere to a timely delivery.

TESTIMONIES FROM OUR CLIENTS


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"

    Hilary Yusuf, United States International University Africa, Nairobi, Kenya.
  • "Researchwap.org is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "researchwap.org" and God bless you and your business! ."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."

    Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.
  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing researchwap.com.