AN EVOLUTION OF THE IMPACT OF COMPUTERIZATION ON THE ACCOUNTING SYSTEM OF SMALL SCALE BUSINESS ORGANISATION

ABSTRACT: The development of accounting systems and the computerization of these systems in a small scale business environment is the main theme of this study. The researcher examined the issues involved by understanding the computerized accounting system of model computers company, Warri. Based on the analysis of data for this study it was discovered that an effective and efficient operating environment is function of a good accounting system other things being equal. Similarity it was discovered that the introduction of computer and the development of accounting packages have revolutionized the accounting system of small scale business organization. Therefore the general conclusion drawn from this study is that a computerize accounting system is a basic paradigm for small scale business organizations.

LIST OF FIGURES

Fig. 4 – 1         Mcc organisation chart

Fig 5 – 1          Daceasy system interface

Fig 5 – 2          Customer module

Fig 5 – 3          Uendor module

Fig 5 – 4          Product module

Fig 5 – 5          General ledger module

Fig 5 – 7          Fixed asset module

Fig 5 – 8          Purchase order module

Fig 5 – 9          Invoicing module

Fig 5 – 10        Financial module

Fig 5 – 11        Default layout of accounts

Fig 5 – 12        Chart of account

Fig 5 – 13        Model chart of accounts

Fig 5 – 14        Fixed assets list

Fig 5 – 15        Current trail balance

Fig 5 – 16        Current profit and loss financial report

Fig 5 – 17        Period balance sheet

TABLE OF CONTENT

CHAPTER ONE

General Introduction                                                  1

1. Background of the study                                                        1
2. Statement of the problem                                           3
3. Objectives of the study                                                           4
4. Significance of the study                                                        5
5. The scope of the study                                                            6
6. Research limitations                                                    6
7. Definition of terms                                                     7

CHAPTER TWO

Review of related literature                                        10

1. Introduction                                                                10
2. Accounting information system                                  13
3. Computer technology and accounting                                    19
4. Computer application for small business                    27

Note                                                                                        31