THE IMPACT OF ACCOUNTING INFORMATION ON DECISION MAKING PROCESS

ABSTRACT

Accounting generally involves the process of identifying, measuring, and communicating economic information to permit informed judgements and decisions of users of the information. In other words, accounting is concerned with providing information, which will help decision makers to make decisions. To enhance creditability and utility of the information, the decision making process, established concepts, principles, standard and legal requirements are strictly followed in order to translate physical facts into money values and ensures that all types of report are integrated and prepared on consistent basis. The information provided by financial statement, cash flow, variance analysis, managerial costing in planning, organizing decision-making and control are invaluable to achieve objectives of the various interest groups. In spite of all the arrays of accounting tools at our disposal, organizations still wobble, trouble down the drain. It is against the background that the researchers delved into the study of the impact of accounting information on decision taking process of organizations. To this end, the relevance, time liners, accuracy, conciseness, and clarity of the information and modes of presentations of the users were examined. It is the objective of the researcher to highlight more vividly the invaluable importance of all these accounting tools and techniques in the decision-making process organization to better equip users of the job ahead. These researchers believe would help significantly in reviewing our economy. However, during the course of the research, the researcher discovered that proper and enough accounting information were being generated and applied substantially in organization studied such as ANAMMCO, point industry etc. also apply accounting information in decision making. Hence, it was concluded that the problems of the economy lies elsewhere other than insufficient generation and application of accounting information in decision making process in organizations. Based on the findings and conclusions the researcher recommended for further research into the other variables that might be contributing to our economy disorder. Therefore, the project was broken down into first chapter as indicated  in the table of contents.

TABLE OF CONTENTS PAGE

CHAPTER ONE

1.0   Introduction                                                              

1.1   Background  of  the  study                                      

1.2   Statement  of the  problem                                                 

1.3   Purpose of the study                                                           

1.4    Scope and delimitation of the study                                   

1.5   Research  questions                                                             

1.6   Statement of hypothesis                                                     

1.7  Significance of the study                                                    

1.8   Historical Development of the company (ANAMMCO LTD.)     

CHAPTER TWO

2.1   Review of related literature                                               

2.2   Nature and objective of accounting                                     

2.3  The value of information                              

2.4    Characteristics of accounting information                                      

2.5  Uses of accounting information                                                         

2.6  Kinds of accounting information and tools for decision making.                                                                          

2.7   Summary of the related literature review.                 

     

CHAPTER   THREE

METHODOLOGY                                      

3.1     Research design                                                  

3.2     Area of study                                                                  

3.3     Population of study                                                         

3.4      Sample and sampling procedures                        

3.5      Instrument for data collection                                         

3.6      Validation of the instrument                                           

3.7       Reliability of the instrument                                           

3.8       Method of data collection                                               

3.9        Method of data analysis                                      

   CHAPTER   FOUR

            Data Presentation                                                                               

4.1     Presentation, analysis and interpretation of data.           

4.2     Hypothesis testing                                               

     CHAPTER   FIVE

Summary of Finding Conclusion and Recommendations                 

5.1     Summary of findings                                                     

5.2     Discussion of findings                                       

5.3     Recommendation                                                           

5.4      Conclusion                                                                     

5.5     Implication of the study                                                

5.6    Suggestion for further study                              

5.7     Limitation of the study                                      

References 

Appendix