ABSTRACT

This study focused on internal control system in a computerized accounting environment. The objectives of the study  were to; examine the effect of computerized accounting system on the effective performance of internal control unit in first bank Plc. To evaluate the extent of application of computerized accounting system in first bank Nigeria Plc. To determine the influence of internal control system in a computerized accounting environment and to identify the factors militating against internal control system in a computerized accounting system. To achieve these objectives, primary source of data was through the use of a well structured questionnaire. The questionnaire was distributed among sixty staff of first bank Nigerian plc.  The empirical result of the study showed that there is significant effect of computerized accounting system on the effective performance of internal control unit in first bank Plc. Also that First bank Nigerian PLC do apply computerized accounting system in internal control    unit. Finally there is significant influence of internal control system in a computerized accounting environment. We therefore concludes that the effect of computerized accounting system on the effective performance of internal control unit in first bank Plc include; It promote automation of computerized accounting system, computerized accounting system enhance accounting accuracy, computerized accounting system aid data access, computerized accounting system encourage accounting reliability, scalability can be achieved through computerized accounting system. Also that computerized accounting system is applied in first bank Nigeria Plc. Ba bvh se on the analysis I recommend the following: The organization should make funding’s available for the staff. The right information system should be provided to the staff.  Control systems policies and procedures should be accommodating and finally, the staffs should be provided with strong internal control system and also the leadership should try and be more effective.

TABLE OF CONTENTS

Cover page

Approval page                                                                                           i

Certification                                                                                                         ii

Dedication                                                                                                  iii

Acknowledgement                                                                                                iv

Table of contents                                                                                        v

List of tables                                                                                               viii

Abstract                                                                                                      ix

CHAPTER ONE

INTRODUCTION

1.1            Background to the Study                                                                                            1

1.2            Statement of the Problem                                                                                            2

1.3       Objectives of the Study                                                                                              3

1.4       Research Questions                                                                                                     4

1.5       Research Hypotheses                                                                                                  4

1.6       Significance of the Study                                                                                           5

1.7       Scope/Limitations of the Study                                                                                  6

1.8       Definitions of Terms                                                                                                   6

CHAPTER TWO

LITERATURE REVIEW

2.1.1    Internal Control=                                                                                                        7

2.1.2    Objectives of Internal Control System                                                                       8

2.1.3    Types of Internal Control System                                                                               9

2.1.3.1 Administrative Controls                                                                                              9                                

2.1.3.2 Accounting Controls                                                                                                   9

2.1.4    Components of Internal Control Measure                                                                  10

2.1.5    Measure of Internal Control Strategies                                                                       10                   

2.1.6    Computerized Accounting Systems                                                                           12

2.2       THEORETICAL FRAMEWORK

2.2.1    Agency Theory                                                                                                           13

2.2.2    Stakeholder’s Theory                                                                                                  14

2.2.3    Stewardship Theory                                                                                                    15

2.2.4    Institutional Theory                                                                                                    15

2.2.5    The Theory of the Firm                                                                                               16

2.2.2  Contingency Theory                                                                                                     17

2.3       Empirical Review                                                                                                        17

2.4       Summary of Review of Related Literature                                                                19

2.5       Gap in Literature Review                                                                                           20

CHAPTER THREE

METHODOLOGY

3.1       Research Design                                                                                                         21

3.2       Sources of Data                                                                                                          21

3.3       Population of the Study                                                                                              21

3.4       Sample Size Determination                                                                                         21

3.5       Validity of the Instruments/ Reliability of the Instruments                                       22

3.6       Method of Data Analysis                                                                                           22

3.7      Data Analysis Techniques                                                                                            22

CHAPTER 4

DATA PRESENTATION, ANALYSIS AND INTERPRETATION

4.2 Data Presentation                                                                                                              26

4.3 Test of Hypotheses                                                                                                           31

4.4  Discussion of Results                                                                                                       35

CHAPTER 5

SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS

5.1 Summary                                                                                                                           37

5.2 Conclusion                                                                                                                        37

5.3  Recommendations                                                                                                           38

REFERENCES                                                                                                                      39

APPENDIX