ABSTRACT
The importance of financial accounting is
gradually being recognized as germane to prudent management of any business
firm. This has necessitated the need for the computerization of
structured operations of the financial managers structured operations are known
with certainly for instance, the computation and decisions based on financial
ratios.
This project therefore is a case study of Modotel Hotel. It describes the
computerization of the financial accounting of the hotel as packaged for its
clients. Thus this study gives detailed methods for the development of an
optimal financial database for hotel industry as well as the software required
for the computation and tabulation of different financial ratios.
ORGANIZATION OF WORK
This work is sub-divided into seven chapters,
starting with chapter one, chapter one shows the Problem and
its Setting; Purpose of study, Aims and Objectives, Scope and Limitation,
Assumptions and Definition of Terms.
The second chapter deals with literature
review. Third chapter was concerned with
description and analysis of existing system.
Chapter
four was concerned with the design of the new system, system
specification and information requirement of new system.
Chapter
five deals with implementation of the system, sixth chapter deals
with documentation, which is more or less, like a manual for the program.
Finally, the seventh chapter dealt summary, conclusion and recommendations.
The project work also has references for further study.
TABLE OF CONTENT
Title page
Certification
Acknowledgement
Abstract
Dedication
Organization of work
Table of content
CHAPTER ONE
1.0
Introduction
1.1
statement of problem
1.2
Aims and objectives
1.3
Delimitation of scope
1.4
Limitation
1.5
Assumption
1.6
Definition of terms
CHAPTER TWO
Literature Review
CHAPTER THREE
3.0
Description and Analysis of the Existing System
3.1
Fact finding methods
3.2
Organizational structure
3.3
Objectives of the existing system
3.4
Input, process and output analysis
3.5
Information flow diagram
3.6
Problem of the existing system
3.7
Justification for the new system
CHAPTER FOUR
4.0
Design of the new system
4.1
Output specification and design
4.2
Input specification and design
4.3
File design
4.4
System flowchart
4.5
Procedure chart
4.6
System requirements
CHAPTER FIVE
5.0
Implementation
5.1
Program Design
5.2
Program flow chart
5.3
Pseudo codes
5.4
Source program
5.5
Test run
CHAPTER SIX
6.0
Documentation
CHAPTER SEVEN
Recommendation and
conclusion
Reference
CHAPTER ONE
INTRODUCTION
Finance is the life wire of any business
organization. It is required for the execution of production, sales and
administration of a business operation. As a discipline, finance is
concerned with the acquisition and administration of the use of the firms’
funds as well as profit planning and control financial analysis is inevitable
for the effective planning and control of any firm.
To effectively plan for the future, the financial manager should be able to
assess the financial position of the firm and relates this to its confronting
investment opportunities. Since funds are scarce, financial analysis
helps the financial manager to assess the returns on investment accruing from
ploughing the firms’ assets and thereby efficiently allocating resources.
However, financial accounting is the employment of the firm’s balance sheet and
income statement to establish some relationship between one figure and another
in order to highlight the strengths and weakness of the concerned
business. The balance sheet of a firm is also called the financial
position because it shows the position of the business in monetary term at a
given point in time while the income statement show how the position depicted
by the balance sheet has been attained. The results of financial analysis
are normally expressed as financial ratios, which could be broadly classified
as liquidity, leverage, activity and profit ratio. The suppliers of the
firm’s funds and the investing public are usually interested in these
ratios. But the nature of interest expressed on the firm determines the
ratios to be emphasized by each concerned parts. This implies that
different people emphasize on different ratios and as a result financial
analysis means different thing to different people.
For instance, creditors are interested on those ratios, which measure the
ability of the form to service their debts and pay the principal as and when
due while the equity owners are interested on the profitability ratios.
The financial manager occupies a unique position in the firm as he should be
able to computer interpret and explain these ratios to various interest groups
in the firm when the firm requires funds from outside sources, the financial
manager should be able to use the relevant ratio to convince investors to
supply their funds. Also the financial manager should be able to justify
the reasonableness of some investment or project being under taken by
management before the shareholders.
However, the cost involved in the employment of a financial manager makes it
mandatory for small-scale companies to engage the services of a financial
consultant. The increased use of high-speed computers in various facets of
business should popularize the use of financial ratios in business
decision. This is because computer would provide the necessary equipment
to handle problems associated with voluminous maze of financial data due to
lack of time or more.
This study therefore, aims at the development of a database for financial
statements and a set of programs to computer, store and retrieve various
financial ratios for some companies.
STATEMENT OF PROBLEMS
The Nigeria Company Act of 1968 stipulate that
all registered companies in Nigeria should file their audited annual balance
sheet this will guide the investors in the development of the funds and to
provide basis for company taxation. But there are some problems facing
the financial accounting of any hotel. These problems includes:-
1.
Illegal use of money cards – some managers has taken the privilege of using
both credit and debit cards to steal companies money and some do not know how
to use this cards thereby causing problems to the hotels.
2.
One of the major loopholes of an un-computerized financial accounting system is
its ability to fraud a company. This poses a problem to the management of
a hotel.
3.
Some companies employ inexperienced managers who are not professionals in the
field of computing and this will restrict the objectives of the computerized
system to a certain limit.
4.
Insufficient fund- to set up a complete computerized financial accounting
system requires a huge amount of money. Some hotels find it difficult to
afford or cannot afford it.
OBJECTIVES OF THE STUDY
1.
The use of password and other security measures enable a company to prevent
unauthorized user of the files.
2.
The use of money cards by some customers will act as a security measure against
armed robbers and other inconveniences ca-use by the bulkiness of their money.
3.
Information can be stored for future use and can also be retrieved at an
electronic speed. This will prevent the time wasting while using the
manual files.
4.
The computer has been proved without any doubt to be far more accurate than
either any know person or any previous machine performing mechanical operation with
data.
5.
Computer works at incredible high speed. It performs millions of
calculations, sort and combines information in different ways within a second.
DELIMITATION OF STUDY
This study is focused on Modotel, one of the
prominent hotels in Enugu, owned by private individual. It has been
chosen as case study because it is expected that given it size, modernity and
its promoters. It will satisfy our data need. In examining the
management of the hotel, this project is limited to the financial aspect of the
management.
| Department | Computer Science |
| Project ID Code | CMS0178 |
| Chapters | 7 Chapters |
| No of Pages | 59 pages |
| Reference | YES |
| Format | Microsoft Word |
| Price | ₦4000, $15 |
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| Contact Us On | +2347043069458 |