Our Archives

Call 08068929770 or 08122972656 for any enquiries.

Project Topic:

THE USE OF ACCOUNTING INFORMATION FOR DECISION MAKING

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 58 ::   Attributes: Data Analysis, abstract, table of content, references ::   1,855 people found this useful

Project Body:

ABSTRACT

The research profers an analysis of the use of accounting information in decision making.It appraises the nature of accounting information and its various ways of application in decision making  concerning the management and operations of the organization. The research elucidates critical decision making affecting the organization and consequently necessitating the use of accounting information.It portrays the grave consequences of the neglect and insufficiency of the use of accounting information for decision making.The research therefore depicts a significant dimension of providing an analytical framework of the application of accounting information for decision making.

INTRODUCTION

The imperative of planning with the help of accounting information before the commencement of operations is essential for management to facilitate the decision making process of fundamental issues affecting the survival, wellbeing and growth of an organization.

Accounting information is often regarded as a means to an end, with the ending being the decision that is helped by the availability of accounting information as described by Arneld and Hope(1990). Accounting information helps managers understand their tasks more clearly and reduces uncertainty before making decisions.since profitability have long term effect on the business, it is therefore important to analyze accounting information before making profit decisions (Chong 1996). Similarly,accounting information is recognized as a learning machine that can help to evaluate how objectives might be  achieved by quantifying the financial impact of each alternative available to the decision.(Budugan and Georscu 2009).

Accounting information system is therefore imperative which is the efficient and effective collection and storage of data concerning an organisations financial activities, including getting the transaction data from source documents, recording the transaction in journals and posting data from journals to ledgers. It involve producing managerial reports and financial statements.

 

 

 

 

 

1.1  BACKGROUND OF THE STUDY

 

Decision making process in the organization is effective with the availability of sufficient accounting information. Accounting information for profit planning usually covers three major elements such as cost information ,marketing and sales information(Admareli, 1991).

According to Norton (1997) costing contributes to an understanding of how profits and value are created and how efficiently and effectively operational processes transform input into output.It can be applied to resource, process, product/service, customer, and channel related information covering the organization and its value chain (Metcalfe,1998).Thus the decision making process lies at the heart of accounting information

The research intend to investigate the use of accounting information for decision making.

1.2  STATEMENT OF THE PROBLEM

The problem confronting the research is to investigate the use of accounting information for decision making.The efficiency of planning and decision making cannot be isolated from the availability and sufficiency of accounting information if the organization must survive, grow and operate maximally to make profit and attain its set objectives.

 

 

 

1.3  RESEARCH QUESTION

1        What is the nature of accounting information

2        What is the significance of accounting information in decision making in the organization

 

 

 

 

 

 

1.4  OBJECTIVE OF THE RESEARCH

 

1        To determine the nature of accounting information

2        To appraise the decision making process of the organisation

3        To determine the use and application of accounting information in decision making

 

 

 

 

1.5  SIGNIFICANCE OF THE STUDY

The study shall profer an analysis of the application of accounting information in the decision making process of an organization

It shall be a valuable source of information for managers, accountants etc.

 

 

 

 

 

1.6  STATEMENT OF HYPOTHESIS

 

1        Ho The quality of decision making in the organization is low

Hi   The quality of decision making in the organization is high

       2    Ho    The use of accounting information  is  low

              Hi    The use of accounting information is  high

 

       3 Ho  The effect of accounting information in decision making is low

Hi    The effect of accounting information in decision making is high

 

 

1.7      SCOPE OF THE STUDY

 

The study focuses on the appraisal of the use of accounting information in decision making.

 

 

 

1.8      DEFINITION OF TERMS

 

 

ACCOUNTING INFORMATION  SYSTEM DEFINED

Accounting information system is therefore imperative which is the efficient and effective collection and storage of data concerning an organisations financial activities, including getting the transaction data from source documents, recording the transaction in journals and posting data from journals to ledgers. It involve producing managerial reports and financial statements.

 

DECISION MAKING DEFINED

Decision making involve choosing from among a given alternative the best possible option of a solution to a given problem confronting an organization at a given point in time.


Get The Complete Project »

Project Department:

MORE ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

Instantly Share this Project On Social Media:

CLOSELY RELATED ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

AN APPRAISAL OF THE IMPLICATION OF ELECTRONIC BANKING IN NIGERIA BANKS (A CASE STUDY OF ACCESS BANK)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Secondary data, Data Analysis,Abstract  ::   8160 engagements

CHAPTER TWO REVIEW OF RELATED LITERATURE Electronic banking in Nigeria has overtime been viewed by many especially economists as having a lot of implications on the economy of Nigeria and especially...Continue reading »

A CRITICAL ANALYSIS OF THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 75 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   6552 engagements

ABSTRACT The study was carried out to analyse how an organization performs making use of the financial statements with First Bank of Nigeria Plc serving as the case study. the study disclosed that th...Continue reading »

AN EVALUATION OF THE PERFORMANCE OF NIGERIAN STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIA ( A CASE STUDY OF NIGERIAN STOCK EXCHANGE)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 78 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   4254 engagements

HISTORICAL BACKGROUND OF THE NIGERIA STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIAN. The nigeria stock excahnge denoted by NSE is a government establishment where stocks are traded on a daill...Continue reading »

APPLICATION OF BUDGETS AND BUDGETARY CONTROL MEASURES IN A NON-PROFIT ORGANIZATION: A CASE STUDY OF APOSTOLIC CHURCH, DELTA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 76 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   4439 engagements

2.1 CONCEPTUAL FRAMEWORK A budget is can be defined by accountants as “a planned outcome to be generated and for the expenditure to ensure during that period and the capital to be employed to a...Continue reading »

ASSESSING BOOK-KEEPING PRACTICES OF SMALL AND MEDIUM SCALE ENTERPRISES IN CALABAR LOCAL GOVERNMENT AREA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 69 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   3852 engagements

ABSTRACT The economy of Nigeria cannot function properly or thrive without the micro, small and medium scale enterprises (SMEs). These small scale enterprises cannot function properly if they are not ...Continue reading »

ASSESSMENT OF ADEQUATE RISK RECOGNITION AND MANAGEMENT IN NIGERIAN INSURANCE COMPANIES (A CASE STUDY OF UNION ASSURANCE COMPANY, UYO)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 86 ::   Attributes: Questionnaire, Data Analysis  ::   3296 engagements

THE CONCEPT OF RISK Risk has been the subject of study by different scholars over the years with several meaning and definitions. But the most accepted definitions are that of J.E Banister and P.A Baw...Continue reading »

What are you looking for today?

TESTIMONIALS:

  • 1. Mohammed A.B from Veterinary Laboratory, Zanzibar ,Tanzania said "You are doing good job to assists in research. God bless you.".
    Rating: Very Good
  • 2. Grace Madu from IMT enugu said "Thank you so much; i will tell my friends about you guys!!! Please give them a good job just like mine!!! God bless you!!!".
    Rating: Excellent
  • 3. Favour Adeoti from Unimaid said "For the good deeds and help to students like me, may God almighty continue to bless u and empower you to do more. Thank u very much...".
    Rating: Excellent
  • 4. Saddiq Abubakar Shuaibu from ESAE BENIN UNIVERSITY said "I check your site because I want you to help do this project thank you".
    Rating: Excellent
  • 5. Temitope Olumide from UAM makurdi said "I can not believe i could trust online platforms but you prove to me that there are still some good people out there. Thank you Mr Donald".
    Rating: Excellent
  • 6. Topeola Atinuke from the bells said "hmmmm, not sure yet about all dis comment still working on dem yet....tank u".
    Rating: Average

Paper Information

Format:ms word
Chapter:1-5
Pages:58
Attribute:Data Analysis, abstract, table of content, references
Price:₦3,000
Get The Complete Project »

Best Selling Projects

Our Archives