Payroll Analysis

CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND OF THE STUDY

Computers are truly amazing machines. They are marvels of the modern age. They in fact make the modern age what it is. Without computers we would not have access to the knowledge and comforts that we now take for granted. But what exactly makes them so powerful?

The power of computers rests in their ability to process information for us. The faster they do this, the faster we can solve problems and arrive at solutions that are reasonably correct to an extent. Computers have improved over the years and are now so fast that problems and calculations that used to take many years can be solved in fractions of a second. Because of their amazing success in problem solving, computers have been integrated into practically every aspect of our lives.

Scientists, mathematicians and accountants have especially turned to the computer as a tool to investigate the accounting world. In fact, many feel like the computer can simulate nature, even life itself. Scientists have created computer programs that apparently show how life grows, competes, changes, and of course, evolves. The computer itself has even been compared to a living creature. Many feel that someday computers will arrive at a point of human-like intelligence and self-awareness with the rate the computer is evolving.

Ever since man discovered the computer and hence computer science, several attempts have been made to computerize every facet of human life. This project work looks at the issue of computerizing the payroll accounting system with inherent advantages (speed and accuracy) over the more tedious inefficient and time consuming manual system. The usual system encountered problems like late receipt of raw data each month, regular break down of the accountant machine presently used for data processing, irregular power supply, many errors resulting from the manual methods of data processing and the office caused by bulky files and constant...