EFFECT OF ACCOUNTING INFORMATION ON DECISION MAKING PROCESS
Sold By: Joe Project Store | Item Type: Project Material | Report this? | Attributes: 50 pages | 1-5 chapters | Amount: ₦5,000 | Marked useful: 4,394 times
INSTANT PROJECT MATERIAL DOWNLOADABSTRACT
The paper examined the effect of accounting information on decision making process, with a particular reference to the Nigerian breweries plc. The research was geared towards understanding the operations in Nigeria breweries plc with an emphasis on decision making process. The problems, prospects and implications of the programme were also examined. The objective of the study is therefore to expose to various department the proper way to embark on effective accounting information. Firstly questionnaires were distribution of which thirty were completed and return using stratified random sampling. Also related literature dealing with the effect of Nigeria breweries plc were interviewed and secondary data were obtained from system. The data collected were later analysis and interpreted. From the study, it was discovered that accounting information is an important aspect of management policy, for higher productivity, efficiency and increased performance, though it in value a huge financial obligation. Finally, I will say that various organizations should therefore try and embark on accounting information on decision making for successful running of their organization.
CHAPTER ONE
1.0 INTRODUCTION
This research work on the effect of accounting information on decision making process, a study of Nigeria breweries Plc, Nite Mile Corner Enugu on the effect that accounting information exert in improver the decision making process of a company with reference to Nigeria breweries Plc Nite Mile Corner Enugu.
Decision making is simply making a choice out of several alternative or it is the process of studying and evaluating two or more available alternatives leading to a final choice.
1.1Background of Study
With the view of being independence, Nigerians has the view of a better tomorrow. We were able to feed ourselves and provide ourselves with social, economic and political endeavor. Subsequently our hopes seemed unattained which made the country becomes as strong as the Iroko tree. The idea had, was that it would be worst for Nigerians to our economic adverse situation raising its ugly head. This economic crisis has made financial institution industries (large or small scale) go into distress at alarming rate and those who service this financial problem has form the onset prepared his/her firm against this ugly situation by mapping out all kinds of straggles example increase in price of this goods, adopts favorable production tool, engage in marketing etc.
Any business, firm, establishment that wants to survive this present day bad economy in Nigeria which must make a right decision, map out a good and competitive strategies to carry out his/her business successful. The price of any convincible item from garri and bread to electronic and educational items not to talk of the life wire of every man standing that is petrol which has presently made life unable for the adjust.
The economy is really in direst acts, the era of mile thumb is employing it, is a sure way final abysmaky. Organizing human and natural resources intricately are the problems of various organization effective planning and decision making process. Other factors such as stage flat iron taxation, economic and political empowerment this research accounting cost accounting as well as management accounting. There are other branches of accounting that would be favorable “Financial Accounting” is that part of accounting which cover the classification and recording at actual transactions of an entitling in monetary terms in accordance with established concepts principles of accounting standards and legal requirements. It involved metamorphosed into a very complex web of inter-grated financial information system which modern organization cannot do without.
It presents a broader, more overall view of the organization with primary emphasis upon classification according to type of transaction rather than the cost and management accounting emphasis on functions, activities, products and process and internal planning control. Cost accounting and management accounting are very much intrinsically inter that is to say that the different between the two superficial so that definition of management accounting is the provision of information require by the management for use, identifying, presenting and interpreting of information used for;
i. Formulating strangely
ii. Planning and controlling activities
iii. Decision taking
iv. Optimizing the use of resources
v. Disclosure to shareholder and other external to entity
vi. Disclosure to employees
vii. Safe guiding assets
There are various ways one can involves or participate in management to that there is effectiveness.
i. Formulating of plans to meet objectives (strategic planning).
ii. Formulation of short term operation plans (budgeting profit planning).
iii. Acquisition and use of finance
iv. Reviewing and reporting on systems and operations
v. Corrective measures to bring plans and results.
vi. Communication of financial and operating information.
Cost accounting as the part of management accounting which establishes budget and standard cost of operations, department or products and the analysis of variance profitability or social use of funds.
Tags: Accounting information Effect of accounting information Evaluation of accounting information Decision making process Assessment of decision making process Optimization of decision making process
This material content is developed to serve as a GUIDE for students to conduct academic research
DOWNLOAD THIS PROJECT MATERIAL NOW!
Advertise Here
Not what you were looking for? Perform a search
What's your project topic?
Comment on Facebook:
Related Project Materials
- 1.
THE IMPACT OF FINANCIAL LITERACY ON THE PERFORMANCE OF SMALL SCALE ENTERPRISES IN CAMEROON
CHAPTER ONE INTRODUCTION 1.1 Background to the Study Small scale enterprises' (SSEs) contribution to the national economy should not be undervalued...More »
Item Type: Project Material | 54 pages | 935 engagements |
- 2.
THE EFFECT OF GOOD RECORD MANAGEMENT IN ORGANIZATIONAL PERFORMANCE IN CAMEROON
CHAPTER ONE INTRODUCTION Background of the study Since time immemorial, information has been considered an essential resource for all types of orga...More »
Item Type: Project Material | 54 pages | 460 engagements |
- 3.
A STUDY ON THE IMPLICATIONS OF ETHICS IN FINANCIAL REPORTING ON MONEY DEPOSIT BANKS IN LAGOS
CHAPTER ONE INTRODUCTION 1.1 Background of the Study The idea that an entity's financial statements are subject to a set of rules dictated by estab...More »
Item Type: Project Material | 54 pages | 519 engagements |
- 4.
AN APPRAISAL OF GLOBAL HEALTH INITIATIVE IN RESPONSE TO PREVENTION TO PANDEMIC DISEASE IN NORTH WEST...
CHAPTER ONE INTRODUCTION Background of the study The Global Health Initiative (GHI) aims to enhance the effectiveness and influence of all U.S. for...More »
Item Type: Assignment | 54 pages | 863 engagements |
- 5.
THE ROLE OF FINANCIAL ANALYSIS IN MANAGEMENT CONTROL
THE ROLE OF FINANCIAL ANALYSIS IN MANAGEMENT CONTROL CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Financial analysis is the process of revi...More »
Item Type: Project Material | 60 pages | 0 engagements |
- 6.
THE ROLE OF AUDITORS IN A DEPRESSED ECONOMY (A CASE STUDY OF SELECTED BANKS)
THE ROLE OF AUDITORS IN A DEPRESSED ECONOMY (A CASE STUDY OF SELECTED BANKS) CHAPTER ONE 1.0 INTRODUCTION In the 60’s especially before the civil wa...More »
Item Type: Project Material | 53 pages | 2,414 engagements |