Improving the Effectiveness of Accounting System in Education Sector.
CHAPTER ONE
AIMS AND OBJECTIVES OF STUDY
The main aim of the research work is to examine the ways of improving the effectiveness of accounting system in education sector. Other specific objectives of study include:
- to examine the effect of accounting system on the allocation of resource in the education sector in Nigeria
- to examine the role of effective accounting system in fraud detection and prevention in Auchi polytechnic
- to examine the relationship between accounting system and the development of the educational sector of Nigeria
- to investigate on the factors affecting effective accounting system in the educational sector of Nigeria
- to proffer solution to the above stated problems
CHAPTER TWO
REVIEW OF RELATED LITERATURE
Introduction
There are many researchers had explored factors that affect accounting information systems efficiency (i.e. Shaheen 2012, Haddad and atmeh (2009), Qatawneh (2005), Hakim (2007)). For example, Shaheen (2012) examined the factors that affecting the level of efficiency and effectiveness of accounting information systems in Palestinian commercial banks. Hedistributed 120 questionnaires to a sample consisted of departments of accounting, auditing, information systems, and computer employees in twelve banks. Only 103 questionnaires were returned revealing 85.6%. The results showed that there are correlations between the environmental, legal, technological and cultural factors and AIS efficiency. However, the impact of these variables varies sometimes, depending on the level of support received from banks administrations. Haddad and atmeh (2009) studied factors that affecting the role of accounting information system in decision-making strategy in Jordanian industrial companies. In Particular, factors relating to information technology and environment. In doing so, the researchers distributed 114 questionnaires to CEOs, Financial Managers, Production and Marketing managers. They used statistical analysis such as t-test, spearman correlation, R square to test the study’s hypotheses. The results revealed that there are positive relationships between information technology, environment, and accounting information system but did not find a relationship between accounting information system and strategic decision-making. Hakim (2007) explored the impact of using databases on accounting information systems controlling in the public sector. He aimed to identify weaknesses in controlling function in the system analysis stage. He found that using databases in designing accounting information systems and operations enhances accounting information systems’ controlling. Qatawneh (2005) studied the impact of using information technology on accounting information system’s effectiveness of Jordanian listed banks and insurance companies. He designed two questionnaires to explore perceptions of 13 banks and 10 insurance companies’ mangers. First questionnaire is to explore perceptions on the effectiveness of the accounting system, and the second one to measure the impact of information technology on the effectiveness of the information system of accounting. The researcher distributed 138 questionnaires; only 113 were retuned revealing 82% response rate. He found that using information technology affect positively the effectiveness of information system of accounting especially in banking sector.
CHAPTER THREE
RESEARCH METHODOLOGY
Research design
The researcher used descriptive research survey design in building up this project work the choice of this research design was considered appropriate because of its advantages of identifying attributes of a large population from a group of individuals. The design was suitable for the study as the study sought on improving the effectiveness of accounting system in education sector
Sources of data collection
Data were collected from two main sources namely:
Primary source:
These are materials of statistical investigation which were collected by the research for a particular purpose. They can be obtained through a survey, observation questionnaire or as experiment; the researcher has adopted the questionnaire method for this study.
Secondary source:
These are data from textbook Journal handset etc. they arise as byproducts of the same other purposes. Example administration, various other unpublished works and write ups were also used.
Population of the study
Population of a study is a group of persons or aggregate items, things the researcher is interested in getting information on improving the effectiveness of accounting system in education sector. 200 staff of Auchi Polytechnic was selected randomly by the researcher as the population of the study.
CHAPTER FOUR
PRESENTATION ANALYSIS INTERPRETATION OF DATA
Introduction
Efforts will be made at this stage to present, analyze and interpret the data collected during the field survey. This presentation will be based on the responses from the completed questionnaires. The result of this exercise will be summarized in tabular forms for easy references and analysis. It will also show answers to questions relating to the research questions for this research study. The researcher employed simple percentage in the analysis.
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
Introduction
It is important to ascertain that the objective of this study was on improving the effectiveness of accounting system in education sector. In the preceding chapter, the relevant data collected for this study were presented, critically analyzed and appropriate interpretation given. In this chapter, certain recommendations made which in the opinion of the researcher will be of benefits in addressing the challenges of improving the effectiveness of accounting system in education sector
Summary
This study was on improving the effectiveness of accounting system in education sector. Three objectives were raised which included: to examine the effect of accounting system on the allocation of resource in the education sector in Nigeria, to examine the role of effective accounting system in fraud detection and prevention in Auchi polytechnic, to examine the relationship between accounting system and the development of the educational sector of Nigeria, to investigate on the factors affecting effective accounting system in the educational sector of Nigeria and to proffer solution to the above stated problems. In line with these objectives, two research hypotheses were formulated and two null hypotheses were posited. The total population for the study is 200 staff of Auchi polytechnic. The researcher used questionnaires as the instrument for the data collection. Descriptive Survey research design was adopted for this study. A total of 133 respondents made accountants, HODs, senior lecturers and junior lecturers was used for the study. The data collected were presented in tables and analyzed using simple percentages and frequencies
Conclusion
Undoubtedly, in the economic information system of academic education institutions, financial accounting information has the primary role, assertion in support of that we can bring many reasons such as: provides an accurate representation of the events and transactions that take place in the university, characterizes the volume of the flows generated by them and has the highest degree of certainty and probative. Practically, the accounting of public institutions of academic education offers to the stakeholders, and particularly to the university management, valuable information regarding the implementation of the budgets of incomes and expenditures, the budget outturn, the assets under management, the patrimonial result and the cost of the programs approved through the budget. This information should allow users to substantiate relevant decisions. In particular, the accounting information disseminated through the periodic summary reports must allow the university managers to substantiate accurate decisions in order to manage effectively the university budgetary and extra budgetary resources
Recommendation
Auchi polytechnic need to contribute to providing the infrastructure relating to the suitable hardware and software that is required to operate the accounting system, which in turn contributes to improving the quality of accounting information and reports.
References
- Abdullah, K., &Qattani, K. (2007).The effect of baking environment on accounting information systems efficiency.Jordanian Journal for Applied Science, 10(1), 18-39.
- Aldlahma, S. (2008).Basics of Accounting information systems and information technology.
- Amman Alwarraq. Avolio, G., Gilder, E., &Shleifer, A. (2001).Technology Information production, and Market Efficiency. Retrieved from http://www.kc.frb.org/publicut/sympos/2001/paper/shileifer.paper.814pdf
- Cohen, J.)1988(. Statistical power analysis for the behavioral sciences (2nd ed.). New Jersey Lawrence Erlbaum Associates.
- Fadel, A. (2007). The effect of environmental, behavioral, and technological on accounting information system at Yemenis Banks. . Unpublished Mater thesis.
- AL alByat University Haddad,& Atmeh. (2009). Accounting information system (1st ed.). Amman: Al Mareekh.
- Hakim, S. (2007). The effect of using data bases to control accounting information systems. Unpublished Master thesis Damascus University Hair, J. F., Black, W. C., Babin, B. J., Anderson, R. E., & Latham, R. (2010).Multivariate data analysis (7thed). New Jersey: Pearson.
- Hafnawi, M. (2001).Accounting information system (1st ed.): Dar Wael Hassani and Kharabsheh.(2000). Requirements of financial controlling departments on performance controlling Administrative SciencesJornal 27(2), 34-56.
- Hussein, A. A. (2005). Accounting information system, Conceptual Framework and applied systems (1st ed.). Amman: AddarAjjameyya.
- Kaiser, H. F. (1970). A second generation little jiffy.Psychometrika, 35(4), 401-415.
- Kaiser, H. F. (1974). An index of factorial simplicity.Psychometrika, 39(1), 31-36.
- Meeda, E. (2009). Factors affecting accounting system and its role in strategic decision-making. Damascus University Journal for economic and legal studies, 25(1), 1-16.
- Nunnally, J. C. (1978). Psychometric theory (2nded.). New York: McGraw-Hill Qasim, A. (2004). Accounting information system (1st Ed.). Amman: Dar Althaqafa
- Qatawneh, A. (2005). The effect of using information technology of accounting information system efficiency.Unpublished PhD thesis. Arab Academy for finance and banking Ramly, F. (2011).Computerized Accounting information systems.Decision-making 16(1), 12-31.