PERTEKMA FINANCIAL REPORTING TOOLS

TEE, LEE MAY (2020) PERTEKMA FINANCIAL REPORTING TOOLS. [Final Year Project Report] (Unpublished)

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Abstract

A financial reporting tool is essential for an association to manage the cash flow, as well as keeping track of the spending and earnings on various activities. The presence of an online financial reporter would bring benefits by providing a systematic and consistent way of managing the finance of an association. It helps in providing simplicity and reduces human error in recording financial-related information as the information is important to an association. Currently, PERTEKMA (Persatuan Teknologi Maklumat) still uses multiple spreadsheets to log the financial records. PERTEKMA authorities have to depend on the physical ledges to keep track of its accounts’ activities. Therefore, there is lack of a dedicated system to keep track of the association’s expense and revenue. The aims of this project are to develop a web-based system that keeps track of the PERTEKMA association’s expense and revenue as well as preventing inconsistencies between different ledges maintained by different parties such as activity ledges and kiosk ledges. Also, the web-based system was proposed which can generate the detailed financial reports periodically such as monthly revenue report. This project developed a financial reporting tool for PERTEKMA which will only focus on activity spending and kiosk ledgers only. The proposed system can only run the calculation after user’s input, as well as it cannot carry out prediction for the future income of the association. The methodology used to develop the proposed project was Rapid Application Development (RAD) model. The proposed system was developed, and design based on the collected requirements and suggestion collected from PERTEKMA authorities. A dedicated website was developed after the implementation for PERTEKMA authorities to carry out their work. The testing carried out showed that users were satisfied with the presence of the system as it provides consistency in recording financial information. According to the feedback, a mobile application would be better to further improve the portability of the system. In conclusion, the proposed system will be able to manage financial record through an online platform which enables PERTEKMA authorities to keep track the association’s financial anywhere and anytime

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