Historically, man has experience an ever increasing need for information and had continued to seek way to meet his needs. The history of accounting has witness the development from the book-keeping stage of the 17th century to later operation of the ledger.
The development of accounting is aimed at keeping proper record of monetary transaction. A manual record system used in the olden days consisted of piece of papers with record not properly prepared and could not be relied upon as a sources of information. The volume of work in the organization becomes too much which lead to slow inefficient service.
This led to the introduction of the application of computer; a more efficient and a fast means of recording, analyzing and processing information within the organization set-up.
The use of computer as an aid to accounting cannot be over emphasized. With the invention of computer, most organization change from manual system to use of computer, which reduce the volumes of work and information. The quality of information form the computer is of formal importance.
The research work therefore, examine financial statement with regard to the performance of accounting system, the study places emphasizes on the significance of information technology has on organization set up in terms of operation efficiency, man power, timely rendering of accurate accounting information for decision making and the inherent problem associated with computerization such as lack of technical knowhow, administration control, control of operation, procedural control, efficient power supply and loss of data processing trial.
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