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Computer Science Department
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CHAPTER ONE
INTRODUCTION/BACKGROUND OF THE STUDY
This chapter presents the background of the study, statement of the problem, objectives of the study, research questions, significance of the study, scope of the study/limitation of the study, and definition of terms.
1.1 Background of the Study
As information technologies grow more progressive, the manual accounting systems have become gradually inadequate for decision needs. Consequently, public and private sector firms in both developing and developed economies view computerized accounting information system (CAIS) as a vehicle to ensure effective and efficient information flow in the recording, processing, and analysis of financial data. Effective and efficient information flow enhances managerial decision-making, thereby increasing the firm's ability to achieve corporate and business strategy objectives. This in turn, may increase the prospects of the firm's survival (Platt and Platt, 2012).
Computerized Accounting Information (CAIS) denotes an electronic-based system that processes economic information and supÂports decision tasks in the context of financial management and control of firm activities (Nicolaou, 2000). Borrowing from Rogers' conceptual framework, the rate of adopÂtion of Computerized Accounting Information (CAIS) is determined by five attributes: (1) relative advantage, (2) compatibility, (3) complexity, (4) trialability, and (5) observability. For example, Computerized Accounting Information (CAIS) that enhances planning and evaluation of the firm's financial position and performance by processing economic data in a more reliable, relevant, understandable and comparable form to both internal and external stakeholders (Wood and Sangster, 2008) are more likely to be adopted and implemented by firms. Research suggests that CAIS promotes cost-effectiveness, ease of sharing knowledge, thereby improving operations and managers' decision-making processes.
1.2 Statement of the Problem
Poor accounting information jeopardizes administrative effectiveness, which makes managers of business organizations malnourished administratively in Nigeria. The consequence of this has been the current distressed syndrome that many organizations face. Many organizations need to learn to manage their intellectual assets (i.e. knowledge) in order to survive and compete in the 'knowledge society'. Effective knowledge of accounting information system is taken for granted in many business organizations and this in turn affects their level of growth. Many companies fold up because of ineffective accounting information system and lack of professional training of its members of staff and management of accounting practice. It is in view of these problems that this study is set to focus on the relevance of computerized accounting on business growth.
1.3 Objectives of the Study
The following are the objectives of the study:
1.4 Research Questions
1.5 Scope/Limitations of the Study
This study covers The relevance of computerized accounting information system for business growth in organization using Access Bank, Ikot Ekpene as a case study.
In the course of carrying out the study, some challenges were encountered by the researcher that stood as limitation to the study and they include:
Financial Factor: Inadequate funds affected researcher had to travel long distances for the distribution of the research questionnaire forms.
Time Factor: This affected the reduction in the size of the sample used for the study because the researcher had only less than two months to complete the study.
Material Factor: Shortage of relevant material for literature review posed
1.6 Significance of the Study
The significance of the study is that it will bring to light the importance of computerized accounting information systems and the benefits associated with it. The study will also serve as a useful reference material to other researchers seeking information pertaining the subject.
1.7 Definition of Terms
Accounting: The activity, practice, or profession of maintaining the business records of a person or organization and preparing forms and reports for tax or other financial purposes
Efficiency: The ability to do something well or achieve a desired result without wasted energy or effort
Information: Definite knowledge acquired or supplied about something or somebody.
Organization: A group of people identified by a shared interest or purpose, e.g. a business
Accounting Information: the collection, storage and processing of financial and accounting data that is used by decision makers.
Computerized Accounting information: A computer based method for tracking accounting activity in conjunction with information technology resources.
Information technology: The study or use of systems (especially computers and telecommunications) for storing, retrieving and sending information.
END NOTES
Borthick, A. F & Clark, R. L. (2009). Making accounting information systems work: An empirical investigation of the creative thinking paradigm. Journal of Information Systems, 4(3), 48-62.
Chang, Y. W. (2011). Contingency factors and accounting information system design in Jordanian companies. Journal of Accounting Information System, 8. 1-16.
Hassan, K.A., (2010). The impact of information technology on the bank performance (Nigeria in perspectives). Retrieved on Available from .
Hunton, J. E. (2008). Blending information and communication technology with accounting research, Accounting Horizons, 16(1), 55-67.
McGuckin and Doms, R.H.A.D., M. (2006). The effect of technology use on productivity growth, economic innovation and new technology, Prentice-Hall, Englewood Cliffs, NJ.
Nickels, W.G., J.M. Mchugh and M. S.M, (2012). Understanding business. 6th Edn., Boston: McGraw-Hill, Inc.
Platt, H., & Platt, M. (2012). Corporate board attributes and bankruptcy. Journal of Business Research, 65(8), 1139-1143
Wood. F., Sangster, A (2008) Business Accounting 1, Eleventh Edition. Financial Times Management
π Pages: 65 π§ Words: 12254 π Chapters: 5 ποΈοΈ For: PROJECT
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