ABSTRACT
This study deals with the relevance of Accounting Information in Management Decision Making, using First Bank of Nigeria Plc, Ikot Ekpene as a case study. The main objective of the study is to examine the relationship between accounting information and management decision making and to investigate and identify the elements that affect the adequacy of Accounting information. Findings of the study reveal that there is a positive relationship between Accounting information and management decision making. It is also revealed that Accounting Information aids management in effective decision making. It is therefore concluded that for a business or any organization that wants to grow and survive, they should adopt and apply the uses of accounting information for effective management decision – making. It is important to note that accounting information must not only be adopted and applied, but it must be applied adequately and efficiently in order to achieve the goals and objectives of the Bank. It is therefore recommended that professional accountants should be employed in First Bank to enable management make use of concise and timely decisions.
TABLE OF CONTENTS
PAGE
Title Page
Certification – – – – – – – – ii
Dedication – – – – – – – – iii
Acknowledgement – – – – – – – iv-v
Abstract – – – – – – – – vi
Table of Contents – – – – – – – vii-x
List of Tables – – – – – – – – xi
CHAPTER ONE
- INTRODUCTION – – – – – – 1
- Background of the Study – – – – – 1-3
- Statement of the Problem – – – – – 4-5
- Objectives of the Study – – – – – 5
- Research Questions – – – – – – 6
- Significance of the Study – – – – – 6-7
- Scope and Limitation of the Study – – – 7-8
- Organization of the Study – – – – – 8-9
- Definition of Terms – – – – – 9-11
CHAPTER TWO
- REVIEW OF RELATED LITERATURE – – 12
- Introduction – – – – – – – 12
- Meaning and Nature of Accounting Information – 13-18
- Objectives of Accounting Information – – – 18-19
- Types of Accounting Information – – – – 20
- Management Accounting Information – – – 20-21
- Cost Accounting Information – – – – 21-22
- Financial Accounting Information – – – – 22
- Tax Accounting Information – – – – 23
- Uses of Accounting Information – – – – 26-28
- Users of Accounting Information – – – – 28
- Problems Encountered in the use of
Accounting Information – – – – – 28-29
- Challenges of Accounting Information in
Management Process – – – – – – 29-31
End Notes
CHAPTER THREE
- RESEARCH METHODOLOGY – – – – 33
- Introduction – – – – – – – 33
3.1.1 Research Questions – – – – – – 33-34
- Design of the Study – – – – – – 34
- Area of the Study – – – – – – 34
- Population of the Study – – – – – 34-35
- Sample and Sampling Techniques – – – – 35
- Data Analysis Technique – – – – – 36
CHAPTER FOUR
- DATA PRESENTATION, ANALYSIS AND
INTERPRETATION – – – – – – 37
- Introduction – – – – – – – 37
- Data Presentation, Analysis and Interpretation – 37-42
CHAPTER FIVE
- FINDINGS, CONCLUSION AND
RECOMMENDATIONS – – – – – 43
- Findings – – – – – – – – 43-44
- Conclusions – – – – – – – 44
- Recommendations – – – – – – 45-46
REFERENCES
APPENDIX
CHAPTER ONE
1.0 INTRODUCTION
- BACKGROUND OF THE STUDY
The main purposes of business organizations are for growth, performance enhancement and profitability, as such, the organizations performance towards attaining the desired profitability level as well as achieving organizational objectives is highly considered to be important. In order for this level to be attainable, management needs the adoption of Accounting Information in their daily managerial activities. Accounting Information are those information processed from Accounting data that are made available to management from the various accounting department and from audit report which assist management in decision making.
Consequently, the management of accounting information is highly essential to the success of every business.