THE IMPACT OF INFORMATION TECHNOLOGY IN ACCOUNTING SYSTEM A CASE STUDY OF UNILVER NIGERIA PLC LAGOS STATE

THE IMPACT OF INFORMATION TECHNOLOGY IN ACCOUNTING SYSTEM A CASE STUDY OF UNILVER NIGERIA PLC LAGOS STATEamp;lt;pamp;gt;amp;lt;strongamp;gt;CHAPTER ONEamp;lt;/strongamp;gt;amp;lt;/pamp;gt;amp;lt;pamp;gt;amp;lt;strongamp;gt;INTRODUCTIONamp;lt;/strongamp;gt;amp;lt;/pamp;gt;amp;lt;pamp;gt;amp;lt;strongamp;gt;1.1 BACKGROUND OF THE STUDYamp;lt;/strongamp;gt;amp;lt;/pamp;gt;amp;lt;pamp;gt;Before now, business Success was built on the ability to move goods and services with speed and accuracy. Today, information has become the fuel that powers business Success .In contemporary Cooperate world, information technology is deployed to gain competitive edge.amp;lt;/pamp;gt;amp;lt;pamp;gt;Information technology has been defined as the processing and distribution of data using computer hard ware, software, telecommunication, and digital electronic Encarta Encyclopedia: 2004.amp;lt;/pamp;gt;amp;lt;pamp;gt;Therefore it is now obvious that computer component of information technology can no longer stand alone without the combination of other component. However, management planning and control responsibilities are also par amount to a successful enterprise and they represent a mandatory of an Organization to progress and survive in today highly unpredictable and competitive business environment. The projected plan of operation must be decisive and dynamic timely, intelligent planning must be predicated on current known fact and a thorough analysis and realistic approach to inevitable Feature probabilities .These key requirement for planning directions will lead to Business probability and an equitable return on investment, which are the objective of a successful management.amp;lt;/pamp;gt;amp;lt;pamp;gt;amp;lt;/pamp;gt;amp;lt;pamp;gt;The techniques and mechanical tools required to accomplish the development of planning and control objective are now available, but in many instances, appropriate management organization, interest and progression in fully acknowledging their utilizations unfortunately lacking. This is a dilemma that must be overcome.amp;lt;/pamp;gt;amp;lt;pamp;gt;In addition, management control system must not be overlooked. It comprises; the plan of an organization and all of the Coordinates methods and measures adopted within a business safeguard its assets check the accuracy and reliability of its accounting data, promote operational efficiency and encourage adherence to prescribe managerial policy.amp;lt;/pamp;gt;amp;lt;pamp;gt;amp;lt;/pamp;gt;amp;lt;pamp;gt;THE COMPANY UNDERSTUDYamp;lt;/pamp;gt;amp;lt;pamp;gt;Unilever formerly known as lever brother Nigeria plc Rc113 is the largest surviving manufacturing outfit in Nutria. The company in cooperated as a private company in 1923 as lever brothers Nigeria plc to manufacture soaps based on local palm oil. The company Strengthen it foot hold in the food and drink business by merging with Lipton Nigeria limited in July 1985 and also merged with chase brought products industry in December 1988 to become a giant in personal product business.amp;lt;/pamp;gt;amp;lt;pamp;gt;In accordance with Nigeria enterprises promotion degree of 1972and 1977, 40 of the company equity is held by Nigeria citizens and institution, while the remaining 60 is held by Unilever overseas holding limited , Lipton tea company limited and chase borough product international limited.amp;lt;/pamp;gt;amp;lt;pamp;gt;Today Unilever Nigeria plc is a leading company in the industrial sector, engages in the manufacturing achere and marketing of wild range of household product.amp;lt;/pamp;gt;amp;lt;pamp;gt;amp;lt;/pamp;gt;amp;lt;pamp;gt;amp;lt;strongamp;gt;1.2 STATEMENT OF PROBLEMSamp;lt;/strongamp;gt;amp;lt;/pamp;gt;amp;lt;pamp;gt; Management will often worry about the costfinancial and social of putting computer based system for processing accounting data and generating accounting information.amp;lt;/pamp;gt;amp;lt;pamp;gt; incident of computer fraud.amp;lt;/pamp;gt;amp;lt;pamp;gt; Problems that may be associated with real time online operations.amp;lt;/pamp;gt;amp;lt;pamp;gt; Errors of input garbage in garbage out GIGOamp;lt;/pamp;gt;amp;lt;pamp;gt; Problems of system errors.amp;lt;/pamp;gt;amp;lt;pamp;gt;Problems that may be associated with the applications of computer based audit procedures.amp;lt;/pamp;gt;amp;lt;pamp;gt;amp;lt;/pamp;gt;amp;lt;pamp;gt;amp;lt;strongamp;gt;1.3 OBJECTIVES OF THE STUDYamp;lt;/strongamp;gt;amp;lt;/pamp;gt;amp;lt;pamp;gt;Sequel to the problems highlighted above, the main objective of this research study is to determine whether information technology improves management effectiveness by affecting business strategies. The research study were identified as follows:amp;lt;/pamp;gt;amp;lt;pamp;gt; To ascertain whether or not accountant efficiency contributes to organizational growth with the information technology deployed.amp;lt;/pamp;gt;amp;lt;pamp;gt;Determine whether information technology improves management effectiveness by satisfying information needs or not.amp;lt;/pamp;gt;amp;lt;pamp;gt;Prove that information technology improves competiveness by affecting business.amp;lt;/pamp;gt;amp;lt;pamp;gt;Determine the organization experience with the effect of information technology on accounting process.amp;lt;/pamp;gt;