THE IMPACT OF INFORMATION TECHNOLOGY ON ACCOUNTING PRACTICES (A CASE STUDY OF SMALL AND MEDIUM SIZE ENTERPRISES IN NIGERIA)


THE IMPACT OF INFORMATION TECHNOLOGY ON ACCOUNTING PRACTICES (A CASE STUDY OF SMALL AND MEDIUM SIZE ENTERPRISES IN NIGERIA)                                               CHAPTER ONE 1.1  Background To The Study Accounting is the process which records classify and summarize transactions and events of a financial nature and the interpretation of its results ICPA (1953) . It is also referred to as an information system which measure, process and communicates a firms financial information N .con (1978) . The innovation of information technology has greatly enhanced the recording and interpretation of financial information thereby improving accounting systems and economic life. The application of Computers in the accounting process has facilitated rapid processing of accounting information accurately, rapid exchange of documents, research, and office productivity. The term Information Technology (IT) refers to the application of computers and telecommunications equipment to conduct the activities of storage, retrieval, transmiting and manipulating data .The evolution of Information and Technology systems led to the development of Accounting information system which processes reliable financial information needed for decision making. The research therefore seeks to investigate the impact of information technology on accounting practices. Case study small and medium size enterprises    1.2  Statement of the Problem    The application of information technology in the accounting process provide for  an efficient accounting  process which accurately and rapidly process financial  information . Accounting is the process which records classify and summarize transactions and events of a financial nature and the interpretation of its results ICPA (1953) . It is also referred to as an information system which measure, process and communicates a firm’s financial information N .con (1978) however numerous deficiencies exist which to be addressed. This includes the problem of security of information in the system; A system which is poorly protected opens the installed program and data to theft or hackers. Consequently such information could be misused and damaged. Another problem as to do with Automation; which facilitates the transfer of data to multiple reports and systems. This implies that an error in the transmitting of information could lead to wrong output of information. Problem of Changing Technology; means that computerized accounting systems may become obsolete over a short period of time. Problem of Training; Many accounting processes cannot be operated without the right skill and this requires training. Consequently there is not often sufficient staff to handle the accounting process involving the application of technology. The problem confronting the research therefore is to determine the impact of information technology on accounting practices case study; small and medium size enterprises    1.3  Objectives of the Study   To determine the impact of information technology on accounting practices .A case study of small and medium size enterprises    1.4  Research Questions   What is accounting and information technology?   What is the level of impact of information technology on accounting practices in small and medium size enterprises?   1.5  Significance of the Study   The study provides an appraisal of the impact of information technology on accounting practices .A case study of small and medium size enterprises    1.6  Research Hypothesis   Ho The level of impact of information technology on accounting practices of small and medium size enterprises is low    Hi The level of impact of information technology on accounting practices of small and medium size enterprises is high    1.7  Scope of the Study   The study focuses on the appraisal of the level of impact of information technology on accounting practices. A case study of small and medium size enterprises     1.8  Limitations of the Study   The study was confronted by some constraints including logistic and geographical factor.    1.9 Definition of Terms   ACCOUNTING DEFINED   Accounting is the process which records classify and summarize transactions and events of a financial nature and the interpretation of its results ICPA (1953) . It is also referred to as an information system which measure, process and communicates a firms financial information N .con (1978) . The innovation of information technology has greatly enhanced accounting.    INFORMATION TECHNOLOGY DEFINED   The term Information Technology (IT) refers to the application of computers and telecommunications equipment to conduct the activities of storage, retrieval, transmiting and manipulating data .The evolution of Information and Technology systems led to the development of Accounting information system which processes reliable financial information needed for decision making. (project topics   final year project topics an

.

THE IMPACT OF INFORMATION TECHNOLOGY ON ACCOUNTING PRACTICES (A CASE STUDY OF SMALL AND MEDIUM SIZE ENTERPRISES IN NIGERIA)



TYPE IN YOUR TOPIC AND CLICK SEARCH.






RESEARCHWAP.NET

Researchwap.net 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.net 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.net 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.net" 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.