Computerisation of Banks

9165 WordsSep 11, 200937 Pages
CHAPTER ONE INTRODUCTION 1. BACKGROUND OF THE STUDY. The world as a global village has become so computerized that the use of computers is inevitable therefore makes them very important in all aspect of human life especially on the accounting field. Accounting system is a procedure that is designed by an organization for capturing all financial events and data in an organization. An accounting system after capturing and gathering all events and activities has the ability to process them and communicate them to interested parties for decision making. Financial institutions in many countries were so much concerned about the switch from manual to computerized accounting system. It must however, be emphasized that manual…show more content…
1.4 OBJECTIVES OF THE STUDY ❖ To get managements opinion on the concept of using computers in accounting systems. ❖ To make known to all some of the problems linked with the computerization of accounting systems in Ecobank, Adum. ❖ To find out how over the years problems associated with this system have been solved. ❖ To discover the impact that the use of computers in accounting systems have had on the operations of Ecobank, Adum. 1.5 SIGNIFICANCE OF THE STUDY This study aims at: ❖ Solving some of the problems caused by the computerization of accounting systems in these financial institutions. ❖ Discovering how the computerization of accounting system has helped these financial institutions in their operations. ❖ Highlighting changes in a specific accounting system which has enhanced the flow of work at the bank. ❖ Providing researchers, banks, policy makers, students and lectures who offer I.T related courses find this material useful in appraising their syllabus. 1.6 SCOPE AND LIMITATIONS OF THE STUDY The research work was centered on Ecobank, Adum branch. The following are the limitations of the study; ❖ There was no financial and logistical allocation of resources needed to carry out the entire research. As a result, this study was restricted to only a handful of financial institutions here in Kumasi with Ecobank as the case study. ❖ interviews were made

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