The Effect of Computerized Accounting on Organizational Profitability in Financial Institutions: A Case study of Cosmos Forex Bureau-Nairobi, Kenya
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Date
2009-11
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Kampala International University, College of Economics and Management
Abstract
Organizations are established with a corporate objective of maximizing profit
and customer satisfaction, any divergence from that objective could render the
firm unable to meet its obligations.
This study was carried out to describe computerized accounting systems and
assess their effects on profitability and performance of Cosmos forex Bureau.
The researcher used both qualitative and quantitative research designs so as to
concentrate on the study variables. Both primary and secondary data were
used in the study because they are reliable, economical and easily available the
use of interviews and observation, secondary sources provided second hand
data which included the number of customers served in a month, performance
appraisal reports, and sales report.
Working fro' m literature, organizational document review and interviews, a
description of software accounting, its use in organizations and its effects on
performance especially in achieving organizational objectives, the study will
focus on: 1) situational analysis ( SW9T of the manual accounting systems
previously used, 2) the available computerized accounting packages options, 3)
where, how and why are they being used, 4) what effects do they have on the
organization in achieving its objectives 5) if failure of the adopted software
accounting will it affect business in the near future.
By considering the above methodologies in the study, the findings portrayed
that computerized accounting in Cosmos Forex Bureau has made it to be
efficient and flexible to both the employers and employees and therefore
increased customer satisfaction and profitability of the firm.
For more effective and efficient way of achieving the organizational objectives,
the researcher recommended that, a firm should never use the manual
accounting system since it has chink in somebody's armor than the
computerized accounting system.
The firm should develop broader and in-ore strategic capabilities to acquire the
best accounting software that can make the organization compete favourably
with other financial institutions.
The company should update with their accounting software either from the
internet or by consulting the agents who hired the software to them, and it
should be clone within six months or less.
Description
A Research Proposal Submitted to School of Business and Management in Partial Fulfillment of the Requirements for the Award of the Degree of Bachelor of Business Administration of Kampala International University Kampala
Keywords
Computerized Accounting, Organizational Profitability, Financial Institutions, Cosmos Forex Bureau-Nairobi, Kenya