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computerization of accounting function: problems, challenges, prospects and success (a case of malawian companies)

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computerization of accounting function: problems, challenges, prospects and success (a case of malawian companies)
ESAMI EXECUTIVE MBA

INTAKE 29 EVENING BLANTYRE

FINANCIAL ACCOUNTING

FA 601

PROJECT PAPER

COMPUTERIZATION OF ACCOUNTING FUNCTION: PROBLEMS, CHALLENGES, PROSPECTS AND SUCCESS ( A CASE OF MALAWIAN COMPANIES)

Presented by: Lester C.M. Mwantisi SFFRFM P O Box 2505 BLANTYRE Malawi lestermwantisi@sffrfm.org

ID NUMBER: 29EBL 13048

Presented to: Mr Lucky Yona ESAMI Headquarters P O Box 3030 ARUSHA Tanzania

TABLE OF CONTENTS

1.0 ABSTRACT……………………………………………………………………………...2

2.0 INTRODUCTION………………………………………………………………………..2

3.0 THEORETICAL ASPECTS OF COMPUTERIZATION……………………………...4

4.0 ADVANTAGES AND DISADVANTAGES OF COMPUTERIZED
ACCOUNTING SYSTEM……………………………………………………………….5

5.0 COMPUTERIZATION OF ACCOUNTING FUNCTIONS…………………………...8

6.0 DETERMINANT FACTORS FOR COMPUTERIZATION…………………………..9

7.0 CRITICAL ISSUES ON COMPUTERIZATION OF ACCOUNTING
FUNCTIONS…………………………………………………………………………...10

8.0 CHALLENGES AND PROSPECT…………………………………………………...12

9.0 ACTUAL FINDINGS IN SFFRFM AND ALLIANCE ONE……………………........13

10.0 CONCLUSION…………………………………………………………………………14

11.0 RECOMMENDATIONS……………………………………………………………….15

12.0 REFERENCES………………………………………………………………………...16

13.0 QUESTIONNARE……………………………………………………………………...17

1.0 ABSTRACT
In modern times business organisations cannot operate successfully without the support and application of accounting functions. In the past the business organisations were using manual accounting systems. Nowadays most businesses now use computers to handle


References: 1. Wood, F and Sangster, A (2005) Business Accounting 1, Prentice Hall, 10th Edition 2 3. Breen, John, Sciulli, Nick & Calvert (2003), “The Use of Computerized Accounting System in Small Business” A paper for the Small Enterprise Association of Australia and New Zealand 16th Annual Conference Ballarat, 28th September – 1st October 2003 4
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