THE USE OF ACCOUNTING INFORMATION IN MANAGEMENT OF STAFF IN AN ORGANIZATION (A CASE STUDY OF I.C.E, BENIN CITY). A RESEARCH PROJECT MATERIAL ON BIOLOGY
ABSTRACT
The aim of this project work is to educate people and the staff of the institution of continuing Education on the use of Accounting Information in management of staff in an organization in Benin City using I. C. E as the case study. The study found out that the most important thing which a manager needs for decision making is information’s, and this gives the true and fair view of the organization. Accounting information in this regard, was found out to be a facilitator of effective planning, control and decision making by management, especially now when business has become complex. Hence, a second accounting system is needed from which relevant information can be readily and accurately derived for use of management at any given time.
CHAPTER ONE
INTRODUCTION
BACKGROUND OF THE STUDY
Eyitayo, Eyitayo and Akeju (2004) explained that accounting generally is a systematic process of measuring and reporting to various users, financial information, for decision making, regarding the economic activities of an organization or and accounting is different from book-keeping, which is making up for financial record and keeping them. This is more or less a procedural matter, and many informed person can carry on the matter. In any case, accounting metamorphosed from book-keeping, due to the need of emerging business environment, which has become dynamic and volatile the different industrial revolutions have boosted the use of accounting in large corporation business, and without an effective accounting system, there can be no meaning for measurement of those transaction that are involved in any business transaction. This project is aimed at educating people on the importance of accounting and its effects on management control of the organization. In this research project we will be looking at accounting as an information system the researcher will be examining the definition, the scope and function of account and how it affects management control.
Accounting has a dynamic nature, it has been defined in varied term, and the researcher will be looking into the definition and try to show that they are all talking about something. It is find a matter of semantics, the researcher will also be looking into what management control is, and various way it can be implemented in organization and finally, the researcher will be explaining how accounting can influence management control. Accounting has grown into a field of study as a result of its importance. The purpose of accounting is to provide information about the economy of an organization. It is the means of recording the fact of forecasting about the economic aspect of the organization activities and translating them into useful form for further action. The two main branches of accounting are financial accounting and management accounting while the former has to do with gathering information on the stewardship of the business to it’s owner or owners, the matter has which is the main area of forms in this research. Management accounting is most useful for internal decision. It varies from very broad, being ranged planning information for budget to very detailed cost analysis for cost control purpose; the purpose of management accounting is to help the goals. It is a formal looking process involving short range, and long range planning.
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