Impact of information system on accounting

There are lot of complaints from the beneficiaries of banking services or bank customers that poor information technology result to inefficient vii application of computer to the accounting system of the banking industry.

impact of technology on accounting

The study gathered both primary and secondary data. Moreover, economic conditions and competition create pressures about costs of information. Show full item record Abstract Currently, most organizations continue to increase spending on information system and their budgets continue to rise.

Though this research ought to be very broad and all embracing the research is limited by time to go that far and treat this exhaustively.

Sample questionnaire on accounting information system

Primary data was collected using interviews conducted one on one with the researcher and questionnaires were circulated and filled by the respondents. The study is useful to other researchers interested in the problem under investigation as the study has laid a platform on which further studies related to the subject can be undertaken. This is because the quality of services rendered by some of the banking industries has created a negative multiplier effect on the banking industry as their chance of optimizing profit is affected. Secondly, we have provided our Bank Account on this site. Fraud is a major problem associated with information technology as it is on the increase by the day. H0 — The cost of acquiring information on technology products by First City Monument Bank Plc Makurdi is not recovered from the revenue generated. The use of interviews was ideal since it guaranteed confidentiality to the v respondents thus they acted without any fear or embarrassment. This research though is expected to be very broad and all embracing, it is limited to the impact of information technology on accounting system and this is due to the fact that this is the researcher main concern at the moment.

The results are consistent with empirical reviews which indicated that there exist a relationship between AIS and organizational performance. The statistical tool adopted in testing hypothesis was analyzed using chi-square.

Secondly, we have provided our Bank Account on this site. Since this medium of banking has proven to be very efficient in most countries of the world for example America Nigeria banks are also adopting it.

For your own security, all payment should be made in the bank.

impact of information technology in accounting system project

How does information technology improve the performance of banking industry especially First City Monument Bank Plc Makurdi? Accounting system is a system to record the accounting transaction and events of a business and account for them in a way that complies with its policies and procedures.

This research though is expected to be very broad and all embracing, it is limited to the impact of information technology on accounting system and this is due to the fact that this is the researcher main concern at the moment. Secondary data included censuses, organizational records and data collected through qualitative methodologies or qualitative research.

Impact of information system on accounting

Improved reporting allows investors to determine if a company is a good investment for growth opportunities and has the potential to be a high-value company. This is because the quality of services rendered by some of the banking industries has created a negative multiplier effect on the banking industry as their chance of optimizing profit is affected. Is the cost of acquiring information technology products recovered from gains or profit made by First City Monument Bank Plc Makurdi? The bank focused on three main areas investment banking, retail finance and transaction service, the customer segments of the bank comprises of corporate and institutional clients, small to medium scale enterprises and individuals. Therefore, information technology helps in collecting recording, evaluating and reporting transaction and events of the banking industries First City Monument Bank Plc. The study was also limited by secrecy of information in the bank, which requires permission of the banks higher authority hence most information was regarded as classified information. To investigate in to the extent of effectiveness and efficiency in banking industry after the introduction of information technology. This research though is expected to be very broad and all embracing, it is limited to the impact of information technology on accounting system and this is due to the fact that this is the researcher main concern at the moment. To access how information technology on accounting system has assisted in the enhancement of globalization of Nigeria banking industry. Accounting system is a system to record the accounting transaction and events of a business and account for them in a way that complies with its policies and procedures. How does information technology improve the performance of banking industry especially First City Monument Bank Plc Makurdi? To access how information technology IT helps in the reduction of cost and benefit in increasing the revenue profit of the bank. The study concluded that AIS are critical to the production of quality accounting information on a timely basis and the communication of that information to the decision makers.
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