An Account System For Student Union Government
This research study focused on an account system for student union government, using Akwa Ibom State Polytechnic SUG as a case study. Every major institution keep record of financial accounts of income and expenses to monitor how they manage their finance. This study was necessitated by the fact that the manual way of recording financial account record and its computation is ineffective and most times inaccurate. To solve this problem an automated system is needed to aid the accurate computation of financial accounts record, easy storage and retrieval of financial information report so that it can be presented when needed. The system helps provide the basic information needed to be maintained in a financial account record such as total expenses, total income and deficit/surplus. the programming language used is visual basic 6.0. It is recommended that electronic store owners should implement price management system to facilitate easy management of price tags in the electronics store.
Every institution seeks for more efficient ways to carry out their duties. Account is a very sensitive aspect of every business organization and hence there is need for the adoption of computers to aid the computation and recording of account information.
Accounting has long been an organizational function especially with the advent of non owner managers who need to update what is happening in the organization. Maintaining, preparation and presentation of accounts is crucial for effective decision making whether it is a nonprofit making organization or profit making because they have to report to the stakeholders of the organization through financial reports. However there was inefficient financial reporting due to loss of records, delay in preparation of records and its associated problems. In every organization for instance student union government, there is a system for maintaining accounts.
A student union is an association of students in a particular place of education with stipulated rules/regulations to guide the operations of the association, purposely and primarily to protect and defend not only their interests but also the entire society. The purpose of these organizations is to represent students both within the institution and externally, including on local and national issues. Students’ unions are also responsible for providing a variety of services to students. Some of the major activities that are associated with student unions are:
Students’ Welfare: With the aim of improving the lot of students in all areas connected directly and indirectly to their studies, the Student Union provides services such as monitoring prices of goods and services on campus, raising scholarship funds, finding jobs, improving public transportation and continually searching for discounts and benefits for students.
The Student Union seeks to enrich the social life of the campus by organizing activities such as parties, fairs and discounted trips for students and their friends; organizing fun trips and sports events; selling discounted tickets to concerts, plays and cultural events.
Student Union contribute to the community and society at large by organizing, initiating and encouraging various volunteer activities and organizations such as legal assistance to those in financial distress, blood donation drives, the collection of food, clothing and other necessities for the needy, and promoting environmental awareness on campus, by for instance encouraging recycling, among other activities.
Responsible student union leadership is expected to:
- Represent the interests of all it membership at local, regional, national and international levels
- Be accountable to its membership
- Anticipate and respond to student needs and demands to ensure continuous improvement
- Operate efficient, high quality services and activities
- Promote constructive relations between students and the wider community
- Act professionally and responsibly to all external bodies
1.1 Background of the Study
Within the information system of management systems the accounting subsystem ensures the numerical figures can corresponding to reality – of the property, financial and profit status of the enterprise. As a consequence, processing the accounting information is one of the most decisive elements of the pre-decisive, i.e. pro-decisive process of managers. As a result of the important and spectacular development of informatics and information technology, wide-spread automatization can be observed relating to accounting work processing. This is proved by the appearance and spread of the different user software. Nowadays accounting software packages have a quite wide market – there are numerous software programs supporting book-keeping, reporting, recording economic events or processing – and in many cases they support the activity of the enterprise as an organic part of a complex, up to- date, integrated information system.
In a student union government, financial account records are kept and it is therefore imperative that an account information system is in place to maintain adequate records.
1.2 Statement of Problem
Many institutions of student union government have long been accustomed to the use of manual methods for processing and presenting account information and it is common place for errors to occur making the accountants to repeat the process again. In addition, it is extremely time consuming to manually record and compute account information, the consequence of this is inefficiency as valuable time that could have been used for other problems is expended on preparing account information report. It is in view of this situation that this research study is carried out to develop an account system for student union government
1.3 Aim and Objectives of the Study
The aim of the study is to design and implement an account system for student union government The following are the objectives of the study:
- To implement a workable accounting management system for student union government
- To develop a system that will aid in the computation of total income, total expenses and surplus/deficit
- To implement a system that will aid in the presentation of account reports
1.4 Significance of the Study
The significance of the study includes the following:
It will enable student union government to understand the significance of utilizing automated account management system.
The study will point out the relevance of applying computers in recording and preparing account information
Other researchers will use the report as literature review in order to improve their research topic in another period.
1.5 Scope of the Study
This study covers an account system for student union government using Akwa Ibom state polytechnic Student union government as a case study.
1.6 Organization of Research
This research work is organized into five chapters.
- Chapter one is concerned with the introduction of the research study and it presents the preliminaries, theoretical background, statement of the problem, aim and objectives of the study, significance of the study, scope of the study, organization of the research and definition of terms.
- Chapter two focuses on the literature review, the contributions of other scholars on the subject matter is discussed.
- Chapter three is concerned with the system analysis and design. It presents the research methodology used in the development of the system, it analyzes the present system to identify the problems and provides information on the advantages and disadvantages of the proposed system. The system design is also presented in this chapter.
- Chapter four presents the system implementation and documentation, the choice of programming language, analysis of modules, choice of programming language and system requirements for implementation.
- Chapter five focuses on the summary, constraints of the study, conclusion and recommendations are provided in this chapter based on the study carried out.
1.7 Definition of Terms
The activity, practice, or profession of maintaining the business records of a person or organization and preparing forms and reports for tax or other financial purposes
To store information in a computer system or process it by computer
A group of people who have the power to make and enforce laws.
The meaningful material derived from computer data by organizing it and interpreting it in a specific way
The organizing and controlling of the affairs of a business or a sector of a business
A student union is an association of students in a particular place of education with stipulated rules/regulations to guide the operations of the association, purposely and primarily to protect and defend not only their interests but also the entire society.
Summary, Conclusion and Recommendations
This chapter presents the summary, conclusion, constraints of the study and offers useful recommendations.
5.1 Constraints of the Study
In carrying out the research work, some challenges were faced that limited the study such as:
The time given for the completion of the research work was too short hence the researcher had speed up the research work to meet up and this has an impact on the study.
Few materials were found pertaining to the research area and this limited the bulk of the literature review.
The high cost of textbooks, internet browsing and transportation to different libraries to gather materials stood as a constraint to the research work.
An accounting system for student union government in the context of this study is an automated software system that facilitates the recording and computation of account records such that it can be retrieved and update when needed. Unlike the manual system of recording account information, this system proves to be more efficient as it saves time and facilitates the storage and retrieval of large volumes of accounting information.
It is very pertinent that the student union government makes use of an automated account system to record their information. It will serve as an instant information system to enable them know their surplus/deficits
- It is recommended that this research work should be implemented.
- It is recommended that the computerized system should replace the manual system of recording account information in the student union governemnt
- More research should be encouraged in the area of automated account management system.
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