CHAPTER ONE
BACKGROUND
OF STUDY
1.1
INTRODUCTION
Computer
household inventory system today encompasses either directly or indirectly ; A
field of activity both private and public that taxes the imagination, it
revolves around the ownership possession and use of the system.
The term “computer household inventory” includes
real property defined as computer handset calculator remote control alarm clock
and other product of the system as well as space. Embraces any and every house
or interest in household inventory and improvement there on.
The household inventory business can be
define as a vocation in which property forms that stock in trade and is brought
sold rented as agents for others or dealers of themselves or both.
A calling in skill and experience in
household inventory coupled with high standard of integrity as presidential hotel
Enugu are offering as a service to the public.
The presidential hotel Enugu is a firm of household inventory system value
registered 1942, they carry on with
computer household inventory management and house planning.
They are located at P.M.B 3017 presidential
road Ogui New layout Enugu. This from
has it principal partner as professor Umeaha Commodore undertakes valuation
projects for banks public financial companies on the area of invitation
management and valuation process. The
design and implementation of computer based household inventory system will focus
on the practical job on valuation proper and report work the activities of
presidential hotel in terms of professional and agreement certificate of value
will be stated in the system design the
system will aim at bringing to view the
step of the process of valuation in the household inventory practice.
However much will not be discuss on area of
different plans on production but the basis needs for its valuation will be
focus on the system orientation during the professional research office
equipment like reports of the valuation input/output resources and the company
history was review for the purpose of colleting primary data the area of study
secondary data are gotten from related literature.
Finally the design computer household
inventory valuation system will be focus on the commercial property which may
be used for mortgage rent as the case may be. The program is written using
Visual Basic 6.0 for easy asses
1.2
STATEMENT
OF THE PROBLEM
The
importance of household inventory cannot be readily appreciated unless its
value is clearly stated by a value. Although the value of any household
inventory differs from place to place and time to time but the basic of each
valuation is relatively the same at the same instance and time.
If it is true different property located at
the same area with the same purpose can be evaluated in the same purpose can be
evaluated in the same way there is need to ask. ? why the reputation of such
valuation on different property in the same area? Hone can the various
valuation job be centered to uniform the need of the property owner and the
value what is the basic of valuation taking to different property at each given
time?
1.3
PURPOSE OF THE STUDY
The
inventory designed for computer household valuation system is aimed at so
making tedious work in calculation scaling and repetitive work of the
manufacture appraisal.
It will guide the research in compiling all
real household inventory listing off property valuated by portraying a data
base of different property value that will show a prototype to the present job
stoke and creating the enabling environment for its format and frame work.
1.4
SCOPE
OF THE STUDY
Although presidential hotel is an
established firm that has branches at Lagos Jos Abuja Port-Harcourt etc. all
the information used for this research report is based on the collected from
the Enugu office due to time and resources.
As much as the business of household
inventory system comprises of a while lot of household management valuation and
facility etc. The designed worked covers only valuation report
1.5
LIMITATION
OF THE STUDY
The
research project was only restricted to the department of household inventory
penitential hotel Enugu. The following was done. Periodic physical checking of
household system with the view to ascertain the level of each item keeping an
accurate record of all entries insurance and transfer of these items purchase I order of the needed
items and the determination and review of the inventory maintenance level.
The research was limited to the mentioned
department since it has direct concern to the research topic. The report cannot
only be applied to presidential hotel Enugu household inventory but also to any
other establishment that wise to go an computerization of their household
inventory control section this research was carried out simultaneously with
normal academic studies moreover due to the rush to end the semester as fast as
possible there was no time for a comprehensive research work.
Finance also affected this research work on
area of typing and binding transporting form one library to the other in search
of reliable information and also transporting to and form THE PRESIDENTIAL
HOTEL ENUGU
1.6
OBJECTIVE
OF THE STUDY
In
companies and industrial where there is household inventory planning it could
be observed that properties in the different area of their department are well
erected following the specific rules and regulation; the need for this planning
is seen when the property owner want to know the value of his wealth.
Therefore the design and implementation of
a computer based household inventory system will not only benefit the
researcher and value or property owner but will also create and improved system
of marketing agent and environment as follows.
The producer will find this hard value very
much important because it will make his job feasible in course of any field (in
course of any) work made on valuation and report to be presentable he will not
need to expose his valuation report to anybody outside the business contract
and the report will be made within shortest space of time. It will be a business ascribe as just in time
business report where the need for filling
report will be eliminated entirely.
The property owner is at the better position to benefit because he will
get the value of this property without much involvement and at every instance
he stands to know precisely the value at which his property worthy.
This work aim at encouraging every
principal agent independent contractors and other associate members to accept
the need to be computerized in all their practical job since the marketing
agents will find it interesting to always present the household inventory
business on line as regards the status of real property in market at every
given time.
1.7
IMPORTANCE
OF THE STUDY
The
research study is aimed at eliminating the manual system of household inventory
system the project will help to create effective management information system
in presidential hotel Enugu and most computer based enterprises. Because the system will given information
regarding items which have fallen to re-order level and can also be programmed
to issue replenishment order thereby conquering the problems encountered in the
manual system where the reordering system is overloaded.
Moreover the research work will be of
immense benefit to the future researcher on the same problem because my
approach to the fact finding was not a passive exercise rather all information
were examined and challenged.
1.8
DEFINITION
OF TERMS
Acceptance: Is
an indication of unwillingness to be bound by an offer.
Access: Is the right of ingress to a parcel of household inventory
property held by another.
Accessibility: Is the easiness of ability in the value of
property either by natural or artificial process
Agency: Is a legal relationship whereby one person is employed to
represent another in business or legal affairs with third person
Agent: Is one who is employed to present another in business and legal
affair with third person
Commission: Is the amount due to a broker for service
rendered usually figured as a percentage of the total price.
Contract: Is a promise or agreement the performance of which a legal duty
and the breach of which is actionable at law
Equity: Is the owner’s interest in the value of real property usually
reflected as the different between the
market value and the balance owned on the mortgage
Market value: Is
the price in term of money of which a property of exposed for a reasonable time
will sell in competitive market at a particular time by a seller to a buyer
each acting prudently and without obligation to act which knowledge of the uses
too which the property can be adopted.
Ownership: Is used interchange ably with the term
“title” to indicate one’s right to posses use and dispose of property
Principle: Is
one who employee another (his agent) to represent him in
Business and legal dealing with third
person
Bin card: This is the warehouse
keepers record of movement of “IN” and “out” of the material under that his
control