The Effect Of Computerized Accounting On Organisational Profitability In Financial Institutions. A Case Tudy Of Cosmos Forex

Organizations are established with a corporate objective of maximizing profit and customer satisfaction, any divergence from that objective could render the firm unable to meet its obligations. This study was carried out to describe computerized accounting systems and assess their effects on profitability and performance of Cosmos forex Bureau. The researcher used both qualitative and quantitative research designs so as to concentrate on the study variables. Both primary and secondary data were used in the study because they are reliable, economical and easily available the use of interviews and observation, secondary sources provided second hand data which included the number of customers served in a month, performance appraisal reports, and sales report. Working ' from literature, organizational document review and interviews, a description of software accounting, its use in organizations and its effects on performance especially in achieving organizational objectives, the study will focus on: 1) situational analysis ( SW9T of the manual accounting systems previously used, 2) the available computerized accounting packages options, 3) where, how and why are they being used, 4) what effects do they have on the organization in achieving its objectives 5) if failure of the adopted software accounting will it affect business in the near future. By considering the above methodologies in the study, the findings portrayed that computerized accounting in Cosmos Forex Bureau has made it to be efficient and flexible to both the employers and employees and therefore increased customer satisfaction and profitability of the firm. For more effective and efficient way of achieving the organizational objectives, the researcher recommended that, a firm should never use the manual accounting system since it has chink in somebody's armor than the computerized accounting system. The firm should develop broader and in-ore strategic capabilities to acquire the best accounting software that can make the organization compete fo"ourabl· with other financial institutions. The company should update with their accounting software either from the internet or by consulting the agents who hired the software to them, and it should be clone within six months or less.