+234 813 0686 500
+234 809 3423 853


  • Type:Project
  • Chapters:5
  • Pages:27
  • Format:Microsoft Word
(Accounting Project Topics & Materials)

   An Evaluation Of Effective Financial Management In A Computerized Accounting System




In the ancient days, human activities were relatively easy. The difficulties posed by nature then, were considerably simple and demanded solution of relative simplicity.

The compounded problems of man and his way to solve them necessitated the inventors of machine i.e. computer. Since the invention of the first machine, the world has experienced a tremendous degree of advancement in technology and one for the machine invented for solving complicated problems in the computer.

With increasing frequency, it is recognized that an understanding of the computer how it influence accounting operations and it is benefits to every accounting student and intend to work this world of advancing technology cannot be over emphasized.

Due to the recent intends in accounting operations and the complexity of these operations with the number of task to be performed constantly on the increase, to day’s accountants are left with no option other than to always device ways by which these increasing tasks could be processed, more speedily and accurately so that there will be no loss of information.

With the advent of computer many organizations have computerized their accounting system. An example for such organization with computerized accounting system is First Bank of Nigeria Plc.     


The computer is known for its speed and accuracy in processing information, such speed and accuracy have been achieved manually or by any other device.

It is expected that a computerized baking system will facilitate the speed and accuracy of processing transaction of financial nature and also reduces customer wasting time.

This has been achieved by virtue of technology, other countries where customers service and general financial management have been computerized whether it can be established is yet to be confirmed.

The fact of the matter which the researcher intends to study is:

a)           Of what relevance is computerization accounting system.

b)          Has there been a tremendous change in financial management and the entire system, since the establishment of computerization accounting system.

c)           Though benefits are abound, could there be limitation of computerization an organization accounting system? What could be done to change the present situation.

d)          Whether the computerization has improved the level of fraud and other misappropriation of fund in the organization.


The need to minimized fraud and improve service to customers is one of the primary important today, due to the increasing number of new generation banks therefore, the main objectives of this study is to asses:

a)           The effectiveness of financial control in a computerized environment

b)          Whether computerization has minimized the level of fraud and error in banking sectors.

c)           Whether computerization has improved the profitability performance of the organization.

d)          Whether it has increase speed in attending to customers' needs and finally, effort will be made to recommend feasible banking organization.


In spite of numerous decrees, enactment and there have been increase in the number of reported case of all kinds of misappropriation of customers funds and properties in the public sectors. And this study will bring enlightenment and be of great benefit to the entire country at large, and the significance is as follows:

a)           The computer will be serve as an eye opener for organizations both private and public sectors, who have the intention of computerizing its accounting system, but yet to know the benefits attached to it.

b)          Through this study, useful suggestion will be given out to the management on how to improve in their financial report.

c)           Performance of financial management and accountability with the view of improving it in future will be assessed that can be of benefit to the government and will serve as springboard for future used.


Thy hypothesis serve as the theoretical concepts on how the research result would appear, therefore, they are guide to the researcher in planning the course of inquiry in choosing the kind of data and examine the result of study simply put, and the hypothesis states the researcher’s expectation concerning the relationship between variables in the problem.

Null Hypothesis Denoted by:

Ho: Computerization has improved financial control management.  

Alternative Hypothesis Donated by

Hi: Computerization has not made any impact in financial control management.


Though the entire banks in Nigeria are almost computerized, the study will spesifically look at the case as relevant to the First Bank of Nigeria Plc. Kaduna state.

The research will also like to critically observe the impact of computerization on the customers wasting time during paying and withdrawal of cash or undergoing any transaction with the ATM machine with the First Bank of Nigeria Plc.


The history of First bank of Nigeria Plc dates back to 1984 when the Bank of British West Africa (First Bank of Nigeria Plc) opened its branch office in Lagos.

First Bank of Nigeria Plc, leading financial institution in Nigeria with the over a hundred years of Banking operation experience in the industry. It founded by a shipping magnate from Liverpool, Sir, Alfred Jones.

It commenced operation as a small bank in the office of Elder Dumpster Company in Lagos and was incorporated as a limited liability company in London on the 31st March,1894 with head office in Liverpool. Under the corporate name of the Bank of British West Africa with a paid up capital of 12,000 pounds sterling, it started business after it had absorbed its predecessor, the Africa Banking Corporation in 1892.

In 1896, a branch was opened in Accra, Gold Coast (Ghana) while another branch was established in Sierra-Leone in 1898. The third branch in Nigeria was opened in the old Calabar in 1900 and two years later, it services had extended to the Northern Nigeria with it Northern regional Branch at Kaduna. The branch has experienced phenomenon growth over the years with a share capital of 5.6 million naira in 1980, which rose to 269 million naira ( including a bonus reserve of 53.8 million naira) in 1995 at 500 million naira in 1998. the banks total assets currently stand at 59.82 billion naira. At the commencement of operation in 1894, it has a staff of six (6) comprising of three (3) Europeans and three (3) Africans but today, the bank is virtually Nigerialized.

In its determination to identify with aspiration of the country, in its March toward National development, the bank has had to continually adjust its organization structure and corporate entity. It startes with West Africa countries, the bank was incorporated locally in 1969 to become standard bank of Nigeria Limited.

This was in response to the dictate of companies decree of 1968 and there after, the participation of Nigerians in the management of the bank became a corporate policy. Further changes in the name of the bank were made in 1979 and 1992 to first Bank of Nigeria Limited and also to First Bank of Nigeria Plc respectively .

First Bank of Nigeria Plc, has diversified into a wide range of banking activities and services including, merchant and international banking.

Today, the bank boast of magenificent head office in Lagos with a branch network of 291 as well as alarge number of staffs and a diversified loan port folio to various sector of the economy.

1.7            DEFINITION OF TERMS

i)                   Computer: This is defined as electronic machine that accept data (in raw form) and instruction through special input and devices and after processing in its internal memory, produces a meaningful output and also computer can be defined according to the Oxford Dictionary as an electronic machine that can be supplied with a programme and can store and recall information and perform various processes on it.

In addition to that, computer is an electro-mechanic device which is capable of accepting data, processing data, and brings out result meaningful way.

ii)                Financial control: This is the regulation of the flow of money through the enterprise and in particular, with ensuring that cash is always available to pay debt when fall due.

iii)              Accounting: is the act of recording, classifying, selecting, measuring, interpreting and communicating financial data of an organization to enable user make assessment and decisions, is also a discipline which comprises of set of theories and concept for processing financial data into information. Accounting records in monetary terms the flow of economic valve within or between economic entities.

An accountant must not only be interested in record keeping alone but in the application of his professional competency or knowledge and skill in present accounting information to assist management in decision making.

iv)              System: It means the method of unifying personal activities, machine and materials to accomplish the objective of the enterprises.

v)                Data: These are raw fact and figures that are not correctly being used in a decision process and they usually take the form of historical records that are record and filled without immediate intent to reference for decision making.

vi)              Bank: According to the encyclopedia of the banking and finance, the terms “Bank” in its broadcast senses may be applied to any organization engaged in any or all of the various function of “Bank” i.e. receiving, collecting transferring, paying, lending, investing, dealing, exchange and servicing (safe keeping of deposits custodianship agency, trusteeship) of money and claim both domestically and internationally.

vii)           Management: can be defined as a co-ordination of the all the resources through planning, organizing and controlling so as to achieve organizational goals. And also can be defined as an effective and efficient utilization of both human and material resource to achieve the desired goal and objective in the organization.

viii)         Effective: This refers to the successor otherwise in achieving objectives. It is therefore concerned only with output usually; the objectives of the organization would be specified in more details so that the measure of effectiveness is more useful. The specification are; there will always be capacity for interpretation, as with efficiency, effective is most important thing about financial management, is that the degree of effectiveness says nothing about how much was spend to achieve it either the project services, may have cost what was budgeted or twice what was budgeted or more that what it should have cost.

ix)              Evaluation: is the act of considering something to decide how useful or valuable it is, or a document in which this is done.


Share This


Type Project
Department Accounting
Project ID ACC1430
Price ₦3,000 ($9)
Chapters 5 Chapters
No of Pages 27 Pages
Format Microsoft Word

Leave a comment...


    Type Project
    Department Accounting
    Project ID ACC1430
    Price ₦3,000 ($9)
    Chapters 5 Chapters
    No of Pages 27 Pages
    Format Microsoft Word

    Related Works

    IN UNITED BANK FOR AFRICA (UBA) NIGERIA PLC KADUNA ABSTRACT This research was carried out on the topic, problem and prospect of the computerized Accounting system in Nigeria Banks. Using the United Bank for Africa (UBA) Nigeria Plc, Ahmadu Bello way branch as a case study. The researcher... Continue Reading
    AN EVALUATION OF IMPACT OF COMPUTERIZED ACCOUNTING SYSTEM IN UNITED BANK FOR AFRICA (UBA) NIGERIA PLC KADUNA 1. CHAPTER ONE 1.0.  INTRODUCTION During the primitive age very little or no notes were taken into proper record especially those activities and transactions involving money. The records and notes were usually taken either in memory (human... Continue Reading
    (A CASE STUDY OF FIRST BANK OF NIGERIA PLC)   ABSTRACT The primary aim of this study is to check the effectiveness and efficiency of financial control in Computerized Environment. i.e. First Bank of  Nigeria Plc and to ascertain whether computer has enhance profitability and control in the... Continue Reading
    ABSTRACT This research was carried out on the topic, problem and prospect of the computerized Accounting system in Nigeria Banks. Using the United Bank for Africa (UBA) Nigeria Plc, Ahmadu Bello way branch as a case study. The researcher intention was to find out how the use of the computerized accounting system is of benefit to Nigerian Banks to... Continue Reading
    (A CASE STUDY OF MODOTEL HOTEL, OKPARA AVENUE ENUGU) ABSTRACT The importance of financial accounting is gradually being recognized as germane to prudent management of any business firm. This has necessitated the need for the computerization of structured... Continue Reading
    (A CASE STUDY OF NESTLE FOOD NIGERIA PLC) ABSTRACT This research work was motivated by the need to unveil the task encountered by most uninformed and literate indigene and other African investors in various firm’s of their choices. The research work listed 30... Continue Reading
    (A CASE STUDY OF UNTH, ENUGU) ABSTRACT The proper management and utilization of financial resources has over the years been the bed rock of growth, expansion and continual existence of the world most popular industries and business organizations. In... Continue Reading
    . (CASE STUDY OF FIRST BANKS OF NIGERIA PL ) ABSTRACT           The study was directed towards examining the extent of reliance of financial accounting information for effective business and financial decision... Continue Reading
    Abstract   Accounting information system  in a transport organization has been a great problem to the third world countries in general, which Nigeria as a country has its own share. This research work, “Accounting information system in a transport organization, suggests ways of minimizing the effects of the problems of inefficient  accounting... Continue Reading
    THE EXTENT OF RELIANCE ON FINANCIAL ACCOUNTING INFORMATION FOR EFFECTIVE BUSINESS AND FINANCIAL DECISION IN CORPORATE ORGANIZATIONS A CASE STUDY OF FIRST BANK OF NIGERIA PLC Abstract The study was directed towards examining the extent of reliance on financial accounting information for effective business and financial decision in corporate... Continue Reading