DESIGN AND IMPLEMENTATION OF COMPUTERIZED INTERNAL REVENUE GENERATION SYSTEM

The work presents a design of a computerized Internal Revenue Generation System for ESWAMA. There are several ways in which the term revenue is used. A revenue account is the equivalent of the profit and loss account. Revenue expenditure (as distinct from capital expenditure) is expenditure that is deemed to affect only the current accounting period and is therefore written off to the revenue account during that period. Judgments also have to be made on when a company should or can recognize revenue. In general, it depends more on when contractual obligations are fulfilled than when the money is received; for example, revenue is normally recognized when delivery has been made and the goods have been invoiced even though the payment may not be received for another month. The computerized Internal Revenue Generation System (CIRGS) is a tool that will assist ESWAMA administrators in interpreting the revenue outcomes of operational decision-making. It will help administrators to decide whether their programs revenue health is better or worse than during previous accounting periods or past budget periods.