Computer an important system in the processing of accounting information

Thesis Overview

<p> </p><div><p><strong>INTRODUCTION</strong></p><p><strong>1.1 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</strong><strong>BACKGROUND OF STUDY</strong></p><p>The basis for financial planning and analysis is the financial information financial information is needed to predict, compare and evaluate the firms earnings ability it is &nbsp;also required to aid in economic decision making investment &amp; financial decision making. &nbsp; The financial information of an enterprise is contained in the financial &nbsp;statement or accounting report.</p><p>Accounting is the guide post for management every enterprise should know the activities carried on by it and the financial implication of its operations. &nbsp;The financial score of an enterprise is kept by the accounting system accounting information unit in business context is a unit in an organization that processes transaction to provide score keeping. &nbsp;It points out the problem faced or likely to be faced by the enterprise. &nbsp;It also brings to the notice of the firm the opportunities that are likely to arise. &nbsp;It indicates possible action, when needed. &nbsp;Accounting is the process of identifying, measuring and communicating economic information to permit judgment and decision by users of the information.</p><p>Accounting information could be classified under two heading or three headings. &nbsp;Under two headings. &nbsp;It is classified as.</p><p>1. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Financial accounting which provides information about profit and loss and financial position of the organization at a given period and &nbsp;management accounting which provides management information needed for planning and control in an organization.</p><p>Under three heading. &nbsp; It is classified as:</p><p>i. &nbsp; &nbsp; &nbsp; &nbsp;Routine – Internal report: &nbsp;That is day to day reports to management for planning and control of the organization function for instance performance report financial reports and accounts.</p><p>ii. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Non-routine report: &nbsp;This aids management for examples budget forecast, estimates and projections and articulation of computer organizational goals. &nbsp;No lay down format</p><p>iii. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;External report : &nbsp;this is for external interest groups like government and creditors.</p></div><h3></h3><br> <br><p></p>