ABSTRACT
The work presents a design of a computerized finance management information system for rotary international.
A computerized finance management information system for rotary international is concerned with the computerization of finance record appraisal of finance in order to achieve the aims and objective of the organization. This accounts when and who to promote and retirement in due time
The computerized financial
information system (CFIC) is a tool that will assist rotary international
administrator in interpreting the financial outcomes of operational
decision-making it will help administrator to decide whether their programs
financial health is better or worse than during previous accounting period or
past budget period the CFIS will also allow administrators to compare their
operation with similar operation
ORGANIZATION OF WORK
This project work is primarily designed to give an insight to finance management information system.
Chapter one talks about introduction to finance management information system study of problem and objectives as well definition of scope
Chapter two comprises the literature review chapter three gives the detailed information about the existing (old) system. While chapter our and five deals with the design and implementation of new system
Chapter six documents the project
work while chapter seven summaries conclusion and suggestions were made.
LIST OF FIGURES
Fig 1: Organizational structure
Fig 2: Information Flow diagram
Fig3: procedure chart
Fig 4: system flow chart
Fig5: Program design
Fig 5: Program flow chart
TABLE OF CONTENT
Title page
Certification
Dedication – — — — — – i
Acknowledgement – — — — — ii
Abstract — — — — — — – iii
Table Of contents — — — — — iv
CHAPTER ONE
1.0. Introduction – – – – – 1
1.1 Statement of the problem — — — 3
1.2. Aims and objectives — – – – 3
1.3 purpose of the study – – — — 6
1.4. Significance of study — — — — 6
1.5 Scope of study — — – — — 7
1.6 Limitation of Study — — – — 7
1.7 Assumption — — – – – 7
1.8 Definition of terms – – — — 8
CHAPTER TWO
Literature review — – — — — 10
CHPTER THREE
3.0. Description and analysis of existing system-18
- Fact
finding method used — – — 19
- Objectives of existing system — — 19
- Organization structure — — — 21
- Input, process and output analysis — 22
- Output analysis – — — — 22
- Process analysis — — — — 23
- Information flow diagrams– — — 23
- Problem of the existing systems — 24
- Justification of the new system — — 25
CHAPTER FOUR
- Design
of the new system — – — 26
- Output specification and design — 26
4.2 Input specification and design — — 26
4.3. File Design– — — — — — 28
- Procedure
chart — — — — 29
- System Flowchart — — – — 30
4.6 System requirements — — — 31
CHAPTER FIVE
- Implementation of New System Structure Chart
5.1. Program flowchart – – – – 33
5.2. Choice of program language — – 38
5.3. Source of program listing — — — 38
5.4. Test Data – — – – — – 38
CHAPTER SIX
6.0. Documentation — — — — — 39
6.1. System Documentation — — — — 39
6.2. Program documentation — — — 39
6.3. User Documentation — — — — 40
CHAPTER SEVEN
7.0. Recommendation and Conclusion– 41
- Recommendation — – – – 41
- Conclusion — — – – – 41
Reference
CHAPTER ONE
1.0. INTRODUCTON
The computerized financial information system (CFIS) is an operational system that supplies the report and data that are used for the audit of the custodial financial statement of the IRS by the general Accounting office (GAO) a major objective of the custodial financial reporting system is to be continuously and accurately responsive to regular and adhoc request for custodial financial reports.
CFIS is currently in the control phase of the IRS CPIC process where it is continuously monitored for cost schedule and project performance . The IRS ensures that operational system are executed in a discipline well managed and consistent manner through timely over sight quality control and executive review.
To better understand the its compliance with provision of the chief financial officer(CFO) act and the system development environment . it is important to understand that the its has two separate financial operation which independently track the funds and result in six separate financial the individual master files(IMF) Business master files (BMF individual retirement account file(IRAF) and non- master files (NMF) during the fiscal year. These detail transaction. Other transaction refund transactions . other transaction that are part of the fiscal year and other transaction that are not part of the fiscal year. Once these break out are done revenue and refund revenue transaction are matched to the transaction they reverse paper and electronic report are generated and distribute to the office of the CFO and GAO the detailed files provide support for the amount from the interim revenue according control system (IRACS)The first are also made available to go for sampling to validate the financial statements.
UNPAID ASSESSEMENTS
The objective of unpaid assessment is continue to provide the user chief financial officer (CFO) research compliance and GAO with required program changes for reporting researching and auditing of the financial statements for debit balance and frozen credit modules. The near term objectives are to support statement. One financial operation is administrative and account for the appropriated funds. The other is custodial ACFIS and track tax collection
The administrative financial operative information system and statement are similar to those found in any large co-operation. However the custodial financial operations information system and associated statement track tax revenues processed through the IRS pipeline. The pipeline is the IRS tax return processing channel that begins at initial receipt of tax returns and remittance and track the information funds through posting on the master files many large database.
The custodial financial accounting system is unique in complexity and scope CFIS is comprised of two key sub program. Revenue and refunds(R&R) an unpaid assessment (UA) each key component is described as follows
REVENUE AND REFUNDS
This system is used to identify all of the detailed transaction that posted to.
1.1. STATEMENT OF PROBLEM
Owing to
- The difficulties people face in keeping information / data.
- unwillingness attitude of some rotary international staff when dealing with data/information
- tragic nature of information/data
- error encountered in financial analysis
- Mispresentation of financial data
- Difficulties people encountered when searching for a given information
- Time wasted in searching for information on packed files
- Time wasted in sorting files
- Important nature of data/information in the growth of any organization
The need arise for the development of finance management information system for a higher institution.
