AN EVOLUTION OF THE IMPACT OF COMPUTERIZATION ON THE ACCOUNTING SYSTEM OF SMALL SCALE BUSINESS ORGANISATION (A CASE STUDY OF MODEL COMPUTERS COMPANY WARRI DELTA STATE)

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 organisation. Therefore the general conclusion drawn from this study is that a computerize accounting system is a basic paradigm for small scale business organisations.

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

1.1Background of the study                                                        1

1.2Statement of the problem                                           3

1.3Objectives of the study                                                           4

1.4Significance of the study                                                        5

1.5The scope of the study                                                            6

1.6Research limitations                                                    6

1.7Definition of terms                                                     7

CHAPTER TWO

Review of related literature                                        10

2.1Introduction                                                                10

2.2Accounting information system                                  13

2.3Computer technology and accounting                                    19

2.4Computer application for small business                    27

Note                                                                                          31