ABSTRACT

Accounting generally involves the process of identifying, measuring and communicating economic information to permit informed judgment and decisions by users of the information, in order words, accounting is concerned with providing information, which will help decision makers to make good decision. To enhance credibility and reliability of the information for decision making process established concepts, principle, standards and legal requirement are study followed in order to translate physical fact into money values and ensures that all types of report are integrated and prepared on consistent basis.
The information provided by financial statements, cash flow analysis, variance analysis, managerial costing goes along way in planning, organizing decision making and control.

CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND OF THE STUDY
Nigeria like every other nation in the world at independence has strived and has continued to find away of feeding ourselves. Of course, were almost self-sufficient and hope for better tomorrow, but his hope seem to be drawing into deep ocean. The simple belief and consensus is that it ahs been badly for Nigeria.
Due to the adverse economic conditions prevailing in the country, many business outfits have closed down and even financial institutions are being declared distressed at alarming rate. Business that are yet to be submerged or that want to stay a float employ all kinds of strategies. Some increases prices, adopt promotional tools, engage in aggressive marketing etc whereas others go for an odd combination of activities and even subterranean ones to survive.
Any business or individual that wants to survive must make the right decision. This is determined by the accounting information system of such business or firm. The era of mile of thumb is gone; employing it is a sure way to failure.
The Anambra Motor Manufacturing Company have from on set strive to continue finding away of feeding itself, this could be seen in the historical background of ANAMMCO.
Anambra Motor Manufacturing Company was incorporated on January 17 1977. The foundation stone was laid on the 12th May, 1978. The official commissioning of the plant was in July 8th 1980. Their production range include; MBO 131; MBO 809, MBO 371; LK 3224; MB Refrigeration Truck; MB MCV – 200 (28 Seat bus); MB 1834; MB 2638; MB 1820; 6 x 2 Crane Truck; MB L 608D; L/LK 1414, 1991; MB L 911; 1960; MB 312, 1952; Road Haulage; MBO 1721; MBL 800; MBO 800; MB 2031 S; MBO 1418; MBO 400; MBL 1418 (Water tanker); Actros 1953; LS 2638 6x 4 (Wheel drive); MBO Transit liner; MBO 400 RSD; MB 2031S 36 Actros; MBL 711; Hyundai country, MB Fire Tender; MBO 400 RSD; MBO 1520; MBO 1271. 
Also, including in their production range are five fighter vehicle (FFV), Ambulance, mobile clinics vehicle, refuse disposal vehicles and vehicle refurbishment.
This company also have training facilities / opportunities for their staff and distributors, dealers and fleet owners.
Anambra Motor Manufacturing company (ANAMMCO) was established under the regime of the them military head of state, General Olusegun Obasanjo.
It is a limited company which is a partnership between the federal government of Nigeria and German Benz of Germany with 40% shareholding by the foreign Mercedes Benz of Germany, 35% shareholding by the federal government of Nigeria and the balance of 25% owned by the state government among which Enugu state is one and other individual Nigerians
In its first year, the company produced about 4,352 units of various truck models. 
This achievement was 58% of its installed annual capacity, which was 7,500 vehicles within the first five years, the plant had produced what had put on additional 14,609 Mercedes Benz vehicles into the Nigerian market.
They also manufactured heavy duty trucks such as LS 1924, Ls 3224, models and light duty Buses such as 911, L1414, MBO 1414 (Federal Mass transit) MBO 809 formerly MBO 608 etc which has greatly enhanced the mass transit policy of the federal, state and local government.
They have grown from manufacturing company to a maintenance and repair (Services) company. They company operates line function with the Board of Directors assisted by the Deputy Managing Director. The managing director reports to the board. There are four divisions (financial, personnel, technical and marketing) headed by a general manager who reports to the managing director
The divisions are further divided into departments headed by functional heads like financial/accounting manager. Departments are further broken down to groups, groups to sections and sections to operations.

1.2 STATEMENT OF PROBLEM
The price of any conceivable item from garri and bread to radio and book not to mention petroleum products has been soaring in geometric proportions over the years. The economy is truly in dire starts. These compounds and implicates intricately the problems of organization vis-à-vis effective planning and decision making processes. Other factors such as stagflation, taxation, economic and political.

1.3 OBJECTIVES OF THE STUDY
The objectives of this study are:
(a) To find how gross inefficiently and non-application of sound professional principles could be eliminated to enhance growth.
(b) to encourage the investors to invest more by granting their return on anticipated investment.
(c) To ensure efficient production via cost immunization by plugging leakages.
(d) To ensure maintenance of high level of technical know-how, capital and efficient management of information at ANAMMCO.

1.4 SCOPE OF THE SUTDY
In this research study, it is the intension of the researcher to concentrate more on financial accounting and cost accounting.
Financial accounting is that part of accounting standards and legal requirements. Management accounting is the provision of information required by the management for such purpose as:
(a) Polices formulation
(b) Planning and controlling the activities of the enterprise.
(c) Decision taking on alternative courses of action.
(d) Disclosure to those external to the entity (Shareholder and others)
(e) Disclosure to employees.
(f) Safe guarding assets.

1.5 RESEARCH QUESTIONS
The following research questions are formulated and tested in this study:
1. To what extent does the accounting information adopted by the manufacturing company has a positive impact in the growth of the company?
2. To what extent had the account departments’ accounting information system helped the management in decision making?
3. What machinery have or is required by the accounting department that could be of help to determine whether the information being related to the management is positive?
4. What measure and mediums does the department take to ensure that the information form the accounts department is not irregular?
5. To what extent does the management have easy assets to account department without necessary calling for try me on proper in other words is the manufacturing company ANAMMCO Computerized?

1.6 SIGNIFICANCE OF THE STUDY
Firstly, this study will help to make the firm know exactly where to improve on the accounting information system of the company.
Secondly, it will enhance the company through our recommendation, why the account department should be updated in the area of accounting information for easy decision making.
Finally, it will proffer solution; enhance efficiency on the necessity of engaging professional with information technological experience to man such a sensitive department of the company.