HomeAccounting project topics and materials for undergraduatesTHE IMPACT OF INFORMATION TECHNOLOGY IN ACCOUNTING SYSTEM (A CASE STUDY OF UNILEVER NIGERIA PLC.
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THE IMPACT OF INFORMATION TECHNOLOGY IN ACCOUNTING SYSTEM (A CASE STUDY OF UNILEVER NIGERIA PLC.

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CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Before now, business Success was built on the ability to move
goods and services with speed and accuracy. Today, information has become
the fuel that powers business Success .In contemporary Cooperate world,
information technology is deployed to gain competitive edge.
Information technology has been defined as the processing and distribution of
data using computer hard ware, software, telecommunication, and digital
electronic (Encarta Encyclopedia: 2004).
Therefore it is now obvious that computer component of information
technology can no longer stand alone without the combination of other
component. However, management planning and control responsibilities are
also par amount to a successful enterprise and they represent a mandatory of an
Organization to progress and survive in today highly unpredictable and
competitive business environment. The projected plan of operation must be
decisive and dynamic timely, intelligent planning must be predicated on current
known fact and a thorough analysis and realistic approach to inevitable Feature
probabilities .These key requirement for planning directions will lead to
Business probability and an equitable return on investment, which are the
objective of a successful management.

The techniques and mechanical tools required to accomplish the
development of planning and control objective are now available, but in many
instances, appropriate management organization, interest and progression in
fully acknowledging their utilizations unfortunately lacking. This is a dilemma
that must be overcome.
In addition, management control system must not be overlooked. It comprises;
the plan of an organization and all of the Coordinates methods and measures
adopted within a business safeguard its assets check the accuracy and reliability
of its accounting data, promote operational efficiency and encourage adherence
to prescribe managerial policy.
In other word, it could be regarded as whole system of control,
financial and otherwise, establishment by the management in order to carry on
the business of the company or organization in an orderly manner, safeguard its
assets and secure as far as possible measures. The accuracy and reliability of its
record for planning measurements for performance and control purpose .
Information technology is the technology used for study,
understanding planning, design, construction, testing, distribution, support and
operation of software, computers and computer related system that exist for the
purpose of data, information and knowledge processing.

Another definition of the information technology (IT)is the industry has evolved
include the study science solution set for all aspect of data, information and
knowledge management, processing.
THE COMPANY UNDERSTUDY
Unilever (formerly known as lever brother) Nigeria plc (Rc113) is the largest
surviving manufacturing outfit in Nutria. The company in cooperated as a
private company in 1923 (as lever brothers Nigeria plc) to manufacture soaps
based on local palm oil. The company Strengthen it foot hold in the food and
drink business by merging with Lipton Nigeria limited in July (1985) and also
merged with chase brought products industry in December (1988) to become a
giant in personal product business.
In accordance with Nigeria enterprises promotion degree of 1972and 1977,
40% of the company equity is held by Nigeria citizens and institution, while the
remaining 60% is held by Unilever overseas holding limited , Lipton tea
company limited and chase borough product international limited.
Today Unilever Nigeria plc is a leading company in the industrial sector,
engages in the manufacturing achere and marketing of wild range of household
product.

1.2 STATEMENT OF PROBLEMS
Management will often worry about the cost(financial and social) of
putting computer based system for processing accounting data and
generating accounting information.
incident of computer fraud.
Problems that may be associated with real time online operations.
Errors of input (garbage in garbage out) (GIGO)
Problems of system errors.
Problems that may be associated with the applications of computer based
audit procedures.

1.3 OBJECTIVES OF THE STUDY
Sequel to the problems highlighted above, the main objective of this
research study is to determine whether information technology improves
management effectiveness by affecting business strategies. The research
study were identified as follows:
To ascertain whether or not accountant efficiency contributes to
organizational growth with the information technology deployed.
Determine whether information technology improves management
effectiveness by satisfying information needs or not.
Prove that information technology improves competiveness by affecting
business.