The Challenges of Computer Application to the Accounting Profession (A Case Study of the Federal Polytechnic, Bida)
Chapter One
OBJECTIVES OF THE STUDY
The purpose of the study is to find out how the computer is useful to the accounting profession.
- To identify the challenges of computer application to Accounting
- To highlight the importance of computers and its relevance to Accounting
- To identify the hardware and software applications needed.
CHAPTER TWO
LITERATURE REVIEW
INTRODUCTION
We will first define field of computer science and accounting and field of accounts, after that we will define how computer is important for an accountant profession.
‘’Computer science: Is the study of the fundamental of information and computation and practical techniques for their implementation and application in computer system’’ Computer scientist inverts algorithmic process that create describe and transformation and formulate suitable abstraction s to model complex system.
ACCOUNTING: The systematic recording reporting and analysis of financial transaction as an art of recording, classifying, summarizing, analyzing and interpretation financial information of a business. The art of accounting means the maintained of record of a particular business in the right form It it necessary and obligatory for a business to record and maintain the financial record of a business. These records can also be checked and verified by the audit committee to present the audit report.
IMPORTNACE: It is very important to understand the importance of accounting. The major importance that accounting has in computer field consist of the following point.
ACCOUNTING AND BUSINESS SOFTWARE: With the passage of time demand in quality software is increasing an every field either IPS medical, Air force, Airport, registration of accounting demand of prepare software is increasing day to day being a computer individual, one should know all of such records and the processing of developing customized software.
FINANCIAL DATA AND INFORMATION SHARING: Accounting software for any kind organization provide many option we saving aid sharing large amount of data can share his data to the person who is entering data share his data to the person who is entering invoices data. In this way the data information from different people working on different tasks can be share data platform so that necessary information can be gathered and managed.
ONLINE MONEY TRANSFER: Another modern branch of accounting which is known as E-business which involves online sales, buying transaction of money is also controlled is such software. This encourage the computer students to understand how E-commerce is done and how the payment fund can be transferred online
HISTORICAL BACKGROUND OF THE FEDERAL POLYTECHNIC BIDA
The Federal Polytechnic, Bida was established by law. It was founded in responds to the recognition by the Federal Government that Nigeria is in dare need of technological resources and the empowerment of the citizens to meet the demand of the age. The institution believes in, and its firmly committed to a function philosophy of education. In consonance with the national policy on education, the polytechnic has clearly stipulated objectives, the development and training of manpower is the first. There is a research for the developing and adapting of appropriate technique to problem solving and thirdly services to the immediate as well as longer society.
The edicts formerly establishing The Federal Polytechnic, Bida is decree No. 33 of 1979 now the Federal Polytechnic Act of 1990, including decree No. 47 of 1989, No. 5 of 1993, and the other legal documents. Originally the institution was known as the Federal College of Technology, Kano. She was instituted on March 1997.
CHAPTER THREE
RESEARCH METHODOLOGY AND DESIGN.
INTRODUCTION
Research methodology and finding is the philosophy of the research process and it including the assumption and the standard critical researcher used for interpreting data and reaching conclusion. It also include the techniques or tools, which the research use to give data. Attention was focused on few important issues of the computer application in application profession.
METHOD OF DATA COLLECTION
The method of data used is the secondary and primary data collection data.
Secondary data: Under this method, the researcher uses extensive library research through the consummation of various text different recognize authors relating to the topic on which research write material were also gathered from journals magazines reports and newspaper relating to the topic.
Primary data: The primary sources use by the researcher is the use of oral or verbal interview of which of which the respondent such as lecturers and other staff who know more about the topic in the class or any other place convenience to them provide necessary answer to the prospective question being asked them. This could be regarded as oral or verbal interview.
POPULATION SAMPLE AND QUESTIONNAIRE DESIGN.
The staff of this organization is so and the sample let the questionnaire design is contained in the appendix. In relation to the fact mentioned earlier, thirty (30) of the questionnaire were distributed to selected firms of accounting but twenty (20) were returned by respondent.
CHAPTER FOUR
DATA PRESENTATTION, DISCUSSION OF RESULT AND FINDING
DATA PRESENTATION
Here, the data collected from the field survey for the sake this study was presented, carefully. Discussed of result and subsequently interpreted. The data were presented in frequencies, percentage (%) and were also in tabular designation. Of data and good picture of the collected and to compare them vise-visa other data.
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
SUMMARY
This study was carried out as attempt to examine investigation and evaluate the challenges of computer application to accounting professions. From its origin, computer and accounting reporting have focused almost entirely on an organization past event although the information collected sometime is so old it no longer has meaning. In the 21st century, the business community surely will expect timely information.
TRADITIONAL, ACCOUNTING, practice probably will not disappear, but if they cannot modified to fit an enterprise information needs, they may become absolute.
THE PROFESSION: – must relevant its standards and skills to match the changing needs and expectation of its employers and clients.
ACCOUNTING WILL have to address a disturbing development. Their traditional practices may misleading information.
FORTUNATELY, the problems and the challenges of computer application to accounting profession actually are opportunities to provide ever more value-added services for substantially increased reward.
CONCLUSION
As computer continue to become cheaper more flexing and easier to generate their use in accounting function increase, authors now regulatory have to consider accounting system which are based to some extend on a computer. In order to conclude whether accounting record produces by a computer from reliable basis for the preparation of finance statements, the accountant must understand and be able to note account the system. It is important to note that whether an account work is manual or computerized the accounting standards and guild line must be adhere to.
RECOMMENDATION
Based on the finding of this research work in the encouragement of growth and development of computer application and according professions, the following recommendation are hereby proffered in order to improve upon the nature of accounting professions.
- Seminar and workshops should be organized to enlighten the accounting professionals on how to use computer application software.
- Computer application package should be introduced in tertiary institution to improve the skill of accountant will need in the future to perform their task effectively and to meet new challenge facing them.
- They should ensure possess and adequate understanding of electronic information system and be very capable of using computer software, such as Microsoft word, excel, power point, and data base software.
- An accountant should be highly ethical, good presentation skill creativity in though and application adaptability, common sense and professional skepticism in order to overcome any challenges that will face them presently and in future.
- Policy makers and those with specialty in the area impacting knowledge should help to create awareness to members of the public on the need of develop accounting professions.
REFERENCES
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- Shola O. (1992) Computerization in Banks, BusinessTtimes. January 25
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- Wilkinson and Cerullo: Accounting Information system: essential concept and application. 3rd edition websites
