Assesing the Effectiveness of Computerized Accounting System

ABSTRACT The study aimed at assessing the effectiveness of computerized accounting systems in organizations (the general objective of the study). It employed a case study design and Ministry of Finance and Economic Affairs was chosen as the case of the study. Various literatures were consulted to get the theoretical and empirical thoughts of stupendous authors about the topic under study to help the researcher craft and refine her methodology. Questionnaires, documentation and interviews were the key methods of data collection. The researcher used a sample of 30 respondents from MoFEA’s Management and Staff to collect data because it was expensive both in terms of time and resources to collect data from every employee of the ministry.†¦show more content†¦23 CHAPTER ONE INTRODUCTION, OBJECTIVES AND PROBLEM DEFINITION 1.1 Background Information Before the introduction of computers, the accounting system at the Ministry of Finance and Economic Affairs was manual. All the processes associated with the system such as receiving, recording, processing and reporting of data were done manually. The manual system of accounting was too difficult as it was encountered by many problems. There are many technological and globalization changes prevailing in the world and to cope with these changes, MoFEA computerized its accounting system so as to improve, facilitate, and simplify the day to day accounting works. With the computerized accounting system, the ministry was able to overcome some if not all of the problems encountered while using the manual system. These problems included: (a) The number of employees required performing the accounting tasks manually – it requires more staff than the CAS. (b) Consumes more time. (c) Needs much space for storing files. (d) The work is tedious and requires much use of a human brain in arithmetic and logical operations hence intellectual strains, mistakes ad