CHAPTER 1
1.1 BACKGROUND OF THE STUDY
In order to improve the usage of financial information in the context of the decision making process, we need to analyze financial statements. In that context, we can describe financial statement analysis as the process where we convert data from financial statements into usable information for business quality measurement by different analytical techniques, which is very important in the process of rational management. Therefore, to know the current level of business quality is very significant in the context of future business management, since we try to ensure company’s development and existence on the market.
Financial statement analysis comes before the management process that is before the process of planning which is the component of the management process. Planning is very important for good management. Good financial plan has to consider all company’s strength and weaknesses. The task of financial statement analysis is to recognize good characteristics of the company so that we could use the most of those advantages, but also to recognize company’s weaknesses in order to take corrective actions. Because of that, we can say that management of the company is the most significant user of financial statement analysis. The research intends to investigate financial information as a tool for management decision making with a case study of MTN NIG.
1.2 STATEMENT OF THE PROBLEM
The problem confronting this research is to investigate financial information as a tool for management decision making. 1.3 RESEARCH QUESTION 1 What is financial information? 2 What is the source of financial information? 3 What is the role of financial information in management decision making? 4 What is the role of financial information in management decision making in MTN NIG?
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