Our Archives

Call 09159097300, or 09067754232 for any enquiries.

Project Topic:

INTERNAL CONTROL AS A TECHNIQUE USED IN ENHANCING PROFITABILITY AND EFFICIENCY IN A COMPUTERIZED ACCOUNTING SYSTEM

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 56 ::   Attributes: Data Analysis ::   3,166 people found this useful

Project Body:

ABSTRACT 
Due to the rapid growth of modern technology and computerization, there is increase in computer usage in organizations and this tends to increase fraudulent practices. This study therefore aims at examining internal control in a computerized accounting system and how it enhances profitability and efficiency. In this study, the primary source of data which is the questionnaire was used and the chi-square (X2) hypothetical test instrument was employed to carry out the data analysis and to test the formulated hypothesis. From the analysis, it was found that an occasional evaluation and review of internal control system increases profitability and efficiency, enhances workers efficiency and also help in reducing fraud. It was therefore concluded that as a technique, internal control is a very important aspect of an organization and therefore recommends to the management whose duty is to ensure the smooth and effective operation of the organization to ensure an occasional evaluation of the internal control system, to establish an internal audit department and to ensure a sound and effective internal control system to enhance business operations.

CHAPTER ONE 
1.0       INTRODUCTION 
1.1       Overview

1.2       Statement of the Problem 
In spite of the sophisticated and expensive internal control put in place, there is still an increasing rate of computer fraud, misappropriation of fund, malpractice and other fraudulent practices in organizations. In some situations whereby an individual is entrusted with the functions of recording and storing of data in a computerized accounting system, it will be easier for such an individual to perpetrate fraud which invariably will lead to a big set back to the company and might cause the liquidation of the company. Also, there are problems of computer manipulation by unauthorized staffs and when all these are incurred, it will reduce profitability in the organization and may lead to the liquidation of the company. 
With regards to this, Fayol states; in an undertaking control consist of identifying whether everything occurs in conformity with the plan adopted, the instructions issued and principles established. It has for its object to point out weaknesses and errors in order to rectify them and to prevent reoccurrence. It operates on everything, things, people and actions”. 
There is therefore a need for internal control to be instituted in a computerized accounting system as it will enhance profitability and increase efficiency of the staffs and also reduce fraud.

1.3       Objective of the study 
The objective of this study is to examine the profitability and efficiency of internal control in a computerized accounting system to see if the existing internal control system is effective enough to hinder the fraudulent practices engaged in by some staffs and other problems associated with the system. The study will also look into the loopholes and weaknesses of the internal control in existence and make recommendation for areas that will be improved upon within the system. Also, measures that the organization will employ to ensure that opportunities for fraud or misfeasance are minimized and ensure management policies are adhered to. 
Finally, the study will analyze the efficiency of internal control system in an organization as it helps to increase profitability and efficiency  in the organization. 
1.4       Research Questions 
Based on the purpose of the study, the following research questions will be used in the course of this research:

  1. Does your organization have an effective internal control system?
  2. Will internal control be effective in a computerized accounting system?
  3. Do you think internal control will enhance profitability in an organization?
  4. How can internal control enhance the efficiency of workers?
  5. What strategy should be put in place to reduce computer fraud?

1.5       Research Hypothesis 
Hypothesis is a general assumption which may be true or not Kerlinger (1986), defined a hypothesis as a tentative, conjectural statement of the relationship between two or more variables. The research work is intended to test the following: 
Ho:      There is no significant relationship between occasional evaluation and review of the internal control system in an organization and the increase in efficiency and profitability. 
Hi:       There is significant relationship between occasional evaluation and review of the internal control system in an organization and the increase in efficiency and profitability. 
HO2:    There is no significant relationship between effective application of  internal control  in a computerized accounting system and the efficiency of workers. 
Ha2:     This is a significant relationship between an effective application of internal control in a computerized accounting system and the efficiency of workers.

Ho3:     There is no significant relationship between the internal control strategy put in place to reduce computer fraud and the occurrence of computer fraud. 
Ha3:     There is a significant relationship between the internal control strategy put in place to reduce computer fraud and the occurrence of computer fraud. 
1.6       Scope of the Study


Get The Complete Project »

Project Department:

MORE ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

Instantly Share this Project On Social Media:

CLOSELY RELATED ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

AN APPRAISAL OF THE IMPLICATION OF ELECTRONIC BANKING IN NIGERIA BANKS (A CASE STUDY OF ACCESS BANK)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Secondary data, Data Analysis,Abstract  ::   14777 engagements

CHAPTER TWO REVIEW OF RELATED LITERATURE Electronic banking in Nigeria has overtime been viewed by many especially economists as having a lot of implications on the economy of Nigeria and especially...Continue reading »

A CRITICAL ANALYSIS OF THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 75 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   12170 engagements

ABSTRACT The study was carried out to analyse how an organization performs making use of the financial statements with First Bank of Nigeria Plc serving as the case study. the study disclosed that th...Continue reading »

AN EVALUATION OF THE PERFORMANCE OF NIGERIAN STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIA ( A CASE STUDY OF NIGERIAN STOCK EXCHANGE)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 78 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   7501 engagements

HISTORICAL BACKGROUND OF THE NIGERIA STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIAN. The nigeria stock excahnge denoted by NSE is a government establishment where stocks are traded on a daill...Continue reading »

APPLICATION OF BUDGETS AND BUDGETARY CONTROL MEASURES IN A NON-PROFIT ORGANIZATION: A CASE STUDY OF APOSTOLIC CHURCH, DELTA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 76 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   8456 engagements

2.1 CONCEPTUAL FRAMEWORK A budget is can be defined by accountants as “a planned outcome to be generated and for the expenditure to ensure during that period and the capital to be employed to a...Continue reading »

ASSESSING BOOK-KEEPING PRACTICES OF SMALL AND MEDIUM SCALE ENTERPRISES IN CALABAR LOCAL GOVERNMENT AREA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 69 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   7650 engagements

ABSTRACT The economy of Nigeria cannot function properly or thrive without the micro, small and medium scale enterprises (SMEs). These small scale enterprises cannot function properly if they are not ...Continue reading »

ASSESSMENT OF ADEQUATE RISK RECOGNITION AND MANAGEMENT IN NIGERIAN INSURANCE COMPANIES (A CASE STUDY OF UNION ASSURANCE COMPANY, UYO)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 86 ::   Attributes: Questionnaire, Data Analysis  ::   6353 engagements

THE CONCEPT OF RISK Risk has been the subject of study by different scholars over the years with several meaning and definitions. But the most accepted definitions are that of J.E Banister and P.A Baw...Continue reading »

What are you looking for today?

TESTIMONIALS:

  • 1. Jayone from FPA said " I had a wonderful experience using UniProjectMaterials,though they did not deliver the material on time, but the content had good quality. I recommend UniProjectMaterials for any project research work.".
    Rating: Very Good
  • 2. Mugisha R from B.U, UGANDA said "Wow, this is great, your materials has helped me alot. Many blessings. I will inform my friends. Thanks. ".
    Rating: Very Good
  • 3. Nwachukwu Ruth Chinyerr from Michael okpara university of Agriculture,umudike said "I really appreciate this. Materials like this are good guides to writing a researchable project.".
    Rating: Good
  • 4. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 5. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 6. Mohammed A.B from Veterinary Laboratory, Zanzibar ,Tanzania said "You are doing good job to assists in research. God bless you.".
    Rating: Very Good

Paper Information

Format:ms word
Chapter:1-5
Pages:56
Attribute:Data Analysis
Price:₦3,000
Get The Complete Project »

Best Selling Projects

Our Archives