CHAPTER ONE
- INTRODUCTION
Management is frequently faced with the problems of making alternative decisions faced with fact that resources are relatively scarce and limited compared to human wants. management does not only seek to ascertain cost at various stages in the process of providing a product or services, but also to make proper and accurate decisions at all levels on the modern organization. This process is facilitated by utilization of adequate and accurate accounting information policies.
Chris M. Madu [1999] without doubt decision making is one of the highest forms of human and hence management activity. The development of a business and the activity of its potentials very much depend on the existence of entrepreneurs with the present skills, capital and professional advice. These include accurate accounting information provided by accountants and their planning and other decision process. Despite the provision and utilization of accounting information, managers found it difficult to plan accurately. Consequently, results have on most cases been away from decision barget. This can be attributed to inadequate and inappropriate use of information. This study will examine the use of accounting information in the form. it will delve into the constraint affecting the use of accounting information by mangers in their decision making process.
Also this study will give a related literature that will discuss the nature and sources of accounting information, its importance and the users of this information.
- BACKGROUND OF THE STUDY
The background of this study gives us the context of the problem being investigated. The researcher traces the circumstances that triggered off the study. A background to the study is necessary in any research undertaking because it relates to us where we are coming from and serves as a link between the past and the present as regards the problems being investigated.