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A COMPARATIVE ANALYSIS OF COMPUTERIZED AND MANUAL ACCOUNTING SYSTEM (A study of Forte OilPLC Presidential Road, Enugu Branch)

Dept: ACCOUNTING File: Word(doc) Chapters: 1-5 Views: 3

Abstract

This research study is a comparative analysis of computerized and manual accounting system with reference to Forte Oil Plc Enugu Branch. The essence of this study is to ascertain which one is more efficient and effective than the other. Data were collected from primary and secondary sources which include the use of questionnaires, personal observation, text books, journals and internet. It was discovered that software accounting system is expensive to run, it handles larger volume of data than manual accounting system, but it encourages fraud and funds can be lost in organization with the use of software accounting system. In other to attain a larger volume of data and work accuracy in a shorter period, it is better for organization to use computerized accounting system to increase their efficiency. Those studying accounting as a profession should be introduced to both the theoretical and practical aspect of the accounting and to reduce funds lost through fraud and forgeries, managers
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