Ict an Important System in the Processing of Accounting Information Essay

INTRODUCTION We atomic number 18 in an age referred to as the JET AGE an era where people are no greater interested in cars they will prefer to fly, why? essentially because it is more comfortable and faster. An era that people will not want to try by evaluate work, everyone wants to be sure of the outcome of their actions. It is a generation that pays attention to zip and accuracy.It is pertinent to account for our resources as humans either as individuals or as a group hence the need for the eagerness of write up data and such tuition can become so voluminous over conviction but humans as a matter of nature, have limited speed and retaining capacity oddly when it has to do with figures and are prone to mistakes every now and then. This brings to the mind of every concerned individual the apparent movement how can score information irrespective of their volume be processed with the fastest possible speed with little or no error? As a result of technological advancement , the first matter that comes to mind when such a question is raised is Electronic Data Processing Method. (EDP which gave birth to ICT) pauperism Accounting and Information technology have been around for a long, long time. Basically as long as people have been around, there has always been the need for accountability of personal or adjunction resources and also, rendering of stewardship to superiors, top family heads and co-owners as the case may be. Also, there has always been ways of communicating by dint of technology open at each point in time. There are 4 primary(prenominal) ages that divide up the history of information and communication technology. Only the latest age (electronic) and some of the electromechanical age really affects us today.The subject of Accounting Information and ICT is interesting because it cuts across every distance and breadth of human activities since ACCOUNTIBLITY is one foremost issue to be considered both in governmental and non-governmenta l organisation, internet and not-for-profit outfits alike. In new-made times, several individuals and corporate bodies have woken up to the reality of the importance of ICT in the treat of account statement information. On a regularly basis, new hardware are created, new software and programmes are written to facilitate the effective and efficient processing of accounting information electronically. Even as you read, the available software and hardware are being improved upon to match up with the demand of recent times. be sick SUMMARY The aim of this project is to stress on the benefits achievable from the adoption of the use of ICT for processing accounting information, it will at certain points compare and contrast the use of ICT and the manual method of processing accounting informationPROJECT DETAILS In course of this work Living Faith Church creative activity Wide Inc. (LFC) which is a non-governmental establishment and at the same time a not-for-profit organisation, shal l be our case study. package and Hardware of different kinds shall be analysed and some of such include computer set, spread sheets, printer, internet connection, to lift but a few. At the end of this project a comprehensive report will be produced revealing how far technology (ICT) have contributed to the compilation, processing and interpretation of accounting information in recent time. The produced report will also analyse how business owners, accountants and other users of accounting information in this division of the initiation (Nigeria Africa) have welcomed and taken advantage of ICT as regard accounting information processing.CONCLUSION The world have left the realm of data to the realm of processed data (Information), that is to buttress the fact that information has encountered revolution just like the human race. Accounting on the other hand has come a long way in human existence also and in recent time though they are both in different paths they have crossed path a nd have brought about answers to a lingering question in the heart of some concerned individuals the question of how can accounting information irrespective of their volume be processed with the fastest possible speed with little or no error? The report that will be provided at the end of this project will bring to the commemorate of all business owners and accountants that are ignorant of the usefulness of ICT in the processing of Accounting Information, the importance and region of ICT in the processing Accounting Information. It also, will broaden the scope of those individuals concerned in the subject of accounting information and ICT.