Project Topic:

FINANCIAL ACCOUNTING INFORMATION AS AN AID TO MANAGERIAL DECISION MAKING

Project Information:

 Format: MS WORD ::   Chapters: 1 - 5 ::   Pages: 58 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   2,995 people found this useful

Project Department:

ACCOUNTING UNDERGRADUATE PROJECT TOPICS, RESEARCH WORKS AND MATERIALS

Project Body:

ABSTRACT

Decision making can be viewed as the very fabric of which organized activities are made.

This partly depends on the amount of information supplied to management.

This study is aimed at finding out information supplied by the accountant, through financial accounting and this brought about the need to put across the potentialities of the use of financial accounting information in the management of business through a research.

The study also revealed the information derived from financial accounting statement, the extent of which these financial accounting information can be used in managerial decision by the business organization.

CHAPTER ONE

INTRODUCTION

BACKGROUND OF THE STUDY

The accounting profession essentially involves the supplying of information to decision makes hence it is no surprise that accounting has always been involved in many information related problem. The need for this involvement is understood by the avowed aim of accounting which according to the America accounting association committee is to prepare a statement of basis accounting theory (ASOBAT 1961)

The attainment of this objective requires both the identification as well as the disclosure of an adequate amount of information considered relevant to the users.

Financial accounting covers those activities related to the preparation of certain reports which are known as financial statement. These statement report the financial status of the firm at a particular times, the firms activities, resulting profit and the flow of resources occurring within the firm during the same period.

Financial accounting information therefore it the information derived from the financial accounting books, journals and report. The essence of this information is for the management and other users to makes decision and the accuracy of this decision making depends on the effectiveness and efficient application of the financial information, the design  of management information system (M.I.S).

          Decision making, itself can be described as science of choosing among possible management action. In other words, the art / science of decision making or a combination of these enable management of a business to choose from among a range of already anal used and evaluated alternative.

          Two major classes of decision makes can identified in respect of the use of financial accounting information.

          They are the external and internal users external users include creditors, shareholder government agencies, respondents and trade union etc. while management on the other hand represent the internal user.

          Whether a business is a corporation partners or solo proprietorship, financial accounting as information system has an effect on its management

          The impact of financial accounting information on the management of any business cannot be over looked, though the extent of such an impart may not be the same for every business. This study being about the effect of financial accounting information on managerial decision will seek to inquire into monetary, and financial information arranged in a professional accounting manner will influence managerial decision.

Statement of problem

Manager of certain business especially the small scale type, manage their business blindly.

          They do not have proper and sound accounting system to enable them monitor the operating system revenue and expenses. Recent development in parastatals. Firms have tended to ignore this ignorance of financial accounting information, many firm and parastatals have collapsed.

          It to against this background that the researcher seek to show that financial accounting information cannot be divorced from managerial decision making.

OBJECTIVE OF THE STUDY

The objective of the study is to know whether the usefulness in the application and use of financial accounting, the examination of the use of financial accounting as an information system to the management of companies also to know whether company’s performance is related to efficient and effective use of financial accounting information.

RESEARCH HYPOTHESIS

H0: financial accounting does not aid managerial decision making

H1: financial accounting aids managerial decision making

SIGNIFICANCE OF THE STUDY

This study will be useful in the application and use of financial accounting, the examination of the use of financial accounting as an information system, to the management of companies, government parastatals as a yardstick evaluating performance and knowing whether they really take note of financial accounting information.

          To management of company under study as a standard for internal evaluation and control of actual performance, also to provide insight on how business organization rely on financial accounting information for decision making.

THE SCOPE OF THE STUDY

Research work done on accounting information generally will be very voluminous as this will mean researching into all aspect or branches of accounting which includes, cost accounting management accounting, financial accounting.

LIMITATION

Due to financial constraint, the research were unable to visit all intended research centers and libraries for the purpose of this work. Also the time allowed for the purpose/ study was ratio too short coupled with the fast approach examination and all other academic loads there is also inadequate material and information gotten on the subject matter (financial accounting information as an aid to managerial decision making)

          I shall not forget to comment on the attitude of the librarians which did not help matter either because of the strict rules of the authority concerned. To this effect, the research were not allowed freehand to conduct the research work effectively and to their free will.

Get the complete project »


Instant Share On Social Media:


Can't find what you are looking for?
Call (+234) 07030248044.

OTHER SIMILAR ACCOUNTING PROJECTS AND 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  ::   27493 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  ::   25514 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  ::   12418 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  ::   17494 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  ::   16084 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  ::   10128 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 looking for today?

WHAT OUR CUSTOMERS ARE SAYING:
  • 1. Haruna Usman Lame from Abubakar Tafawa Balewa University Bauchi said "I really enjoyed using this website am so grateful ".
    Rating: Excellent
  • 2. Bagu Manjing Dakan from polytecnic barkin ladi said "the use of information and communication technology in teaching of vocational subjects in plateau state polytecnic ".
    Rating: Excellent
  • 3. Ekeh Miracle from kaduna state University said "Toopnotch delivery from this crew I highly recommend everyyone to patronise them".
    Rating: Very Good
  • 4. Joseph from feck said "Bravo".
    Rating: Excellent
  • 5. JACOB from NASARAWA STATE UNIVERSITY, KEFFI said "I had a wonderful experience using ProjectClue, they delivered not only on time, but the content had good qualty. I recommend ProjectClue for any project research work.".
    Rating: Excellent
  • 6. Ibhadam Adam H from Bayero University, Kano said "Projectclue are really good and I have enjoyed their services.".
    Rating: Very Good