Literature review of computerized accounting system
Accounting has long been an organizational function especially with the advent of non owner managers who need to update what is happening in the organization. Maintaining, preparation and presentation of accounts is crucial for business success as well as organization for effective decision making whether it is a nonprofit making organization or profit making because they have to report to the stakeholders of the organization through good organizational management. However there was inefficient as an aid for efficient management of an organization due to loss of records, delay in preparation of records and its associated problems. This study focused on establishing the influence of computerized accounting systems as an aid for efficient management of an organization.
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Questions and. As determined by Van n. It is made up of computers and a software program. This system is used to record the transactions of an enterprise and this transaction has been recorded and made into the system.
Accounting has been done manually till the s , when the advent of fast computers and easy-to-use, accurate and reliable software started. An accounting system is a collection of processes, procedures and controls designed to collect, record, classify and summarize financial data for interpretation and management decision-making. Computerized Accounting involves making use of computers and accounting software to record, store and analyze financial data. A computerized accounting system brings with it many advantages that are unavailable to analog accounting systems. This article does not tackle the use of spreadsheets that are often used instead of proper accounting software to process financial data.
Computer has been introduced in all the departments of studies. This introduced bean about ten years ago to process various jobs, such as inventory control, payroll system and General ledger Accounts. The number of people affected by their exercise varies from one department to the other Table vii a shows that the estimated total number of employees affected at the time computer was introduced were about three hundred and twenty-two people. However, persona interview conducted by the researcher on the personnel manager, Heads of the computerized departments, the EDP Managers and the Union Leaders show that only four employees out of these three hundred and twenty-two people were retrenched as a result of introduction of computer to business.