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
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
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
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
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
of terms 8
Literature review 11
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
of computer 29
Application of computer in
accounting/banking industry in Nigeria
in computing 33
and demerits of computer in banking industry 33
Demerits of computer 34
Introduction research methodology 36
Population of study 36
Research methodology procedures used 37
Sampling technique 37
Re-statement of research questions 38
Research instruments 38
Statement of hypothesis 39
Method of data
Source of data 40
Primary data 40
Secondary data 40
Method of investigation 41
Method of distribution of questionnaire 41
Data presentation 48
Data analysis and interpretation 48
Summary of findings 62
1.1 BACKGROUND OF THE STUDY
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
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.
created as a result of full, computerized in the banking industry.
computerized banking industry is exposed to malpractices even from outsiders
who are specialist in computer ( internet).
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
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;
What is the
importance of computerization in the banking industry?
Hw effective is
computerization to the bank efficiency?
What are the
problems of computerization to the banks?
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
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.
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
SOFTWARE:- Refers to the programs which are drive to the hardware. It is instruction which control the
are set of information deigned to achieve predefined operation with the
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).
J. (1992), “Computer and data Processing”
first edition (Dallas Texas: John
Publishers) Published 1992.
L . (1982), Data Processing in Accounting
Preparation Revised Edition Published (
4. Chiomeka S.C. and “Data Processing and Management Egbokhare (1998) Information System. Adieu