- THE EFFECT OF FORWARD INTEGRATION ON PERFORMANCE OF MANUFACTURING INDUSTRY (A STUDY OF CADBURY NIGERIA PLC)
- THE EFFECT OF GOVERNMENT EXPORT PROMOTION POLICIES ON THE DEVELOPMENT OF EXPORT BUSINESS IN NIGERIA (A STUDY OF THE NIGERIAN EXPORT PROMOTION COUNCIL [NEPC])
- ECONOMIC EFFECT OF ADVANCED FREE FRAUD IN THE BANKING SYSTEM IN NIGERIA
- THE IMPACT OF BANK FRAUD AND DISTRESS ON BANKING HABIT IN NIGERIA (A CASE STUDY OF FIRST BANK, GTB, UBA, UNION BANK AND ZENITH BANK)
- THE IMPACT OF ELECTRONIC BANKING ON THE PERFORMANCE OF BANKING IN NIGERIA (A Case Study of Eco Bank Plc)
- THE INDEPENDENCE OF AUDITORS AND RELIABILITY OF FINANCIAL REPORTS IN THE NIGERIA BANKING SECTOR
- CONTRIBUTIONS OF FINANCIAL INSTITUTIONS TO THE GROWTH OF MANUFACTURING INDUSTRY IN NIGERIA
- THE IMPACT OF MARKETING FINANCIAL SERVICES IN DEREGULATION ECONOMY BANKING INDUSTRY (A CASE STUDY OF UNITED BANK FOR AFRICA (UBA)
- IMPACT OF INFORMATION TECHNOLOGY ON BANKING OPERATIONS (A STUDY OF FIRST BANK OF NIGERIA PLC.)
- EFFECT OF EMPLOYEES PARTICIPATION IN DECISION MAKING ON ORGANISATION PERFORMANCE (A STUDY OF NIGERIA BAG MANUFACTURING PLC)
THE EFFECT OF COMPUTERIZATION ON THE BANKING INDUSTRY IN NIGERIA ( A CASE STUDY OF A CITY BANK, ABUJA BRANCH)
This research work covers the impact of computerization the in the banking industry, most especially in commercial banking sector. This research work goes further to give a brief history of computer and also enlighten everyone in the society on not only how computer operates but also on what it takes to computerize a large scale or multi-national firm.
The project goes further to hint on computerized firm related problems and what should have become of such firm, if not computerized. As a result, this research work laid emphasis on the benefits and development brought into the banking industry and our society.
For simplicity this project is divided into five chapter.
- The firs chapter is the introductory aspect of computer which gives a brief review of historical background and definitions.
- The second chapter covers the literature review, which contains the historical background of the case study, evaluations of computer in accounting applications, merits and demerits.
- The third chapter covers the method used in collecting all the necessary data needed in the course of this project.
- The fourth chapter covers the presentation of data, analysis and the test of hypothesis formulated.
- The fifth chapter , which is the final chapter, covers the research summary of the findings, conclusion and recommendations on the study.
Lastly, have the appendix with accorded bibliography
TABLE OF CONTENT
Title page i
Table of content viii
1.1 Background of the study 1
1.2 Statement of the problem 2
1.3 Significance of the study 3
1.4 Research questions 4
1.5 Objectives of the study 5
1.6 Scope of the study 6
1.7 Purpose of the study 6
1.8 Limitation and delimitation 6
1.9 definition of terms 8
Literature review 11
2.1 evaluation of computer in accounting 13
2.2 Computer usage 14
2.3 Features of low level language 15
2.4 Low level language 17
2.5 High level language 18
2.6 program language and transaction relations 19
2.7 Components of computer 20
2.8 Expert system 20
2.9 Classification by age of computer generation 27
2.10 Classification of computer 29
2.11 Application of computer in accounting/banking industry in Nigeria 31
2.12 Term in computing 33
2.13 Merits and demerits of computer in banking industry 33
2.14 Demerits of computer 34
3.2. Introduction research methodology 36
3.3 Population of study 36
3.4 Research methodology procedures used 37
3.5 Sampling technique 37
3.6 Re-statement of research questions 38
3.7 Research instruments 38
3.8 Statement of hypothesis 39
3.9 Method of data analysis 39
3.10 Source of data 40
3.11 Primary data 40
3.12 Secondary data 40
3.13 Method of investigation 41
3.14 Method of distribution of questionnaire 41
4.1 Data presentation 48
4.2 Data analysis and interpretation 48
5.1 Summary of findings 62
5.2 Conclusion 63
5.3 Recommendation 64
1.1 BACKGROUND OF THE STUDY
This topic examines the effect of computer on banking industry in Nigeria. Therefore, the topic laid emphasis on the world “computer” and the “effect” i.e the benefits which the use of computer in the operation has contributed to the success of the banking industry in Nigeria .
The use of computer cannot be over emphasized in modern banking operations and as a result, lack of computer development will lead to failure of the banking industry.
Therefore, computer itself can be defined as an electronic device that is capable of accepting large volume of data (input) and product it in a short time with high degree of accuracy. Computer is originated from Chinese merchants who first use of Abacus which had been in existence since 1642, when Pascal invented the first machine for operating four fundamental operations arithmetic i.e. addition, subtraction, multiplication and division in money to six digits. This was later improved upon on Leibrus in 1971 and was recommended for the use in large volume of calculations of that time. This computer has its own languages which are called low and high level languages. High level language included COBOL, ALGOR, FORTRAN etc.
It translate such language into understandable for human use.
Infact, the bank (CITY BANK NIGERIA PLC) has operated manually system of data processing unit recently when. It tends to computerize its operational systems and the introductions of computer to speed up its transactional system.
1.2 STATEMENT OF THE PROBLEMS
Computerization effect in the banking industry cannot be over emphasized as it affects the industry (banking) in so many ways. Same of which are explained below.
i. Unemployment is created as a result of full, computerized in the banking industry.
ii. A full computerized banking industry is exposed to malpractices even from outsiders who are specialist in computer ( internet).
iii. Computer expert often influences the central processing unit (UPC) system through regular malpractices resulting in changing or software computer system.
1.3 SIGNIFICANCE OF THE STUDY
This study is designed to make known to people the use of computer in the banking industry (City Bank of Nigeria Plc) whose work lies in providing the public with a brief and clear picture of the said problem.
Moreso, if thoroughly read through, it encouraged other financial institutions to contribute the system of computerizing by highlighting banking industry where operational system give more emphasis to those banks where there is need fore establishment of computer by advising such banks on the need and importance of computer in banking operation.
The study also find out problems been faced by the banks which have not been computerized, it is also deigned to know the efficiency and effectiveness of the computer.
1.4 RESEARCH QUESTIONS
The following research questions will further highlight the problems of this study and then serve as a guide for his study;
1. What is the importance of computerization in the banking industry?
2. Hw effective is computerization to the bank efficiency?
3. What are the problems of computerization to the banks?
4. How well utilized is computerization in the banking industry?
1.5 OBJECTIVES OF THE STUDY
As the topic indicates, the research works is designed to look at the benefits and development being accorded to the banks as a result of introduction of computer to processing of data in the banks. The primary aims of the study is indicated with such possible contribution that could be achieved by the introduction of computer in banking industry, such benefits being enjoyed not only by the customers but also by the bans itself.
The study also aim at knowing if the introduction of this computer has been able to save the customers time and find out if it has been the bankers. I believe every issue will become clear at the and of the study.
1.6 SCOPE OF THE STUDY
This study covers the City Bank Nigeria Plc Abuja branch. It also covers the purpose for which computers has been introduced, the functions of the computer as well as the achievement which has been derived from the use of computer. This study also indicates the components part of the computer and their various functions, example of which are input unit, central processing unit which consist of arithmetic unit, control unit, memory and output unit where the result of the processed data are obtained e.g. screen.
1.7 PURPOSE OF THE STUDY
The purpose of the study is to highlight the roles played by the introduction of computer in the banking by the introduction of computer in the banking industry ( CITY BANK NIGERIA PLC).
I also aimed at introducing the basic elements, functions types, advantages or merits and the language of computer in general (low and high level language) and not only this, to get the banks customers informed of such benefits they will gain form the use of computer as a method of data collection
1.8 LIMITATION AND DELIMITATION
There is much we can discuss on the topic in question; however, it is limited to the documentation of facts data, processing and providing of account rate information to the bank.
The method of data collection is based on few understanding banks that are willing to release some important information. Infact, there are problems being faced during the courses of the study among which are the following:
Illiteracy and communication barrier – communication ability to people from which reliable information can be achieved is one of the problems faced in the course of the study.
Limitation of time – the time available for the researched to carryout our data collection of relevant information is too short and as such all needed information cannot be obtained.
Furthermore, financial constraints – the inability of the research to finance himself with the cash needed during the course of study is a great fact which has influenced the research work.
Lastly, is the inability of the research to cover the required distance from which the data can be collected and this hinders those information that suppose to have been included to the research report.
1.9 DEFINITION OF TERMS
a) COMPUTER: A computer is an electronic devices or machine which can accept data in a prescribed from process such data and supply the result of the processing in specified format, as information or as signals to control automatically some further machine in process.
b) HARDWARE:- It is the physical components unit or machine which make up the computer configuration; it simply means the machine itself, the mental cases and the electronic contents.
c) SOFTWARE:- Refers to the programs which are drive to the hardware. It is instruction which control the work computer.
d) PROGRAMMES:- These are set of information deigned to achieve predefined operation with the computer.
e) KEY-BOARD:- Is an input device that allow data to read into central processing unit ( UPC) from the outside the world by the user.
1. James J. (1986), “The Principle of Computer in
accounting “ Revised Edition (Ibadan Nigeria; Graphic Publisher
published yr 1986).
2. Napier J. (1992), “Computer and data Processing”
first edition (Dallas Texas: John Publishers) Published 1992.
3. Frimerman L . (1982), Data Processing in Accounting
Preparation Revised Edition Published ( 1982).
4. Chiomeka S.C. and “Data Processing and Management Egbokhare (1998) Information System. Adieu