Description
INTRODUCTION
At independence, Nigeria joined the committee of nation with the hope for a better tomorrow. We were able to feed ourselves and were of course almost self-sufficient. Subsequently our hopes seemed unattainable. We seem to be going deeper and deeper into the woods. The consensus is that it has been bad for Nigeria.
Due to the adverse economic condition prevailing in the country many businesses have closed, shops and even financial institutions are being declared distressed at alarming rate. Businesses that are yet to be submerged or that want to stay afloat employ all kind of strategies. Some increase price, adopt promotional tools, engage in aggressive marketing etc. whereas others goes for an odd combination of activities and even undergo different kind of small business to survive.
Any business or individual that wants to survive must make the right decision. The era of mile of thumb is gone; employing it is a sure way to fail absurdly.
The price of any conceivable item from garri and bread to radio and book not to mention petrol has been soaring in
geometric proportions over the year. The economy is truly in distress. These compounds and complicates intricate are the problem of the organisation vis-à-vis effective planning and decision making processes. Other factors such as stagflation, taxation, economic and political problem are the major problem which affects information and decision making. The future orientation is what most company and bank get from making accounting decision .the computation and interpretation of analytical ratios from financial statement enable bank to determine their operation trends and provide a basis for management decision making. Other users of financial analysis are used in making financial decision and achieving the goal of sustainability determines compliance with regulatory requirements. Financial analysis is an investment that has positive return in the future on how decision will be made, how to manage the finances to achieve the strategic goals of the institution through decision making.
Many people think that accounting as a highly technical field which can be understood only by professional accountants actually nearly everyone practices accounting in one form or the other. In modern times, management require a wide variety of
information to successfully accomplish its aim and objectives. This information is mainly determined by the element of uncertainty about the future and lack of knowledge about the present. Some of these decisions are of strategic importance having a large impact on the business, others are routine operating decision. Therefore accounting information is based on laws and regulations governing the handling of accounting report contained in the financial reports of organisation.
Making the right decision depends on the possession of appropriate, accurate and up to date information provided and presented in a meaningful way. This study set out to examine the contribution of sound accounting system in providing the management with financial and other information basis for dealing with decision problems that arises from their organisational operations.
TABLE OF CONTENTS
CHAPTER ONE
1.0 INTRODUCTION
1.1 Background Of The Study
1.2 Statement Of The Problem
1.3 Objective Of The Study
1.4 Research Question
1.5 Research Hypothesis
1.6 Scope And Limitation Of The Study
1.7 Significance Of The Study
1.8 Definition Of Terms Effectiveness
CHAPTER TWO
2.1 Review Of Related Literature
2.2 Nature And Objectives Of Accounting Information
2.3 The Value Of Information
2.4 Characteristics Of Accounting Information
2.5 Users Of Accounting Information
2.6 Kinds Of Accounting Information And Tools For Decision Making
2.6.1 ananlysis Of Financial Statement
2.6.2 Costs And Management Accounting Information And Tools, Techniques And Models For Decision Making
2.7 Taxation
2.7.1 Roles Of Taxation
2.7.2 Objectives Of Taxation
2.8 Definition Of Auditing
2.8.1 Functions Of An Auditor
2.9 Summary Of Related Literature Review
CHAPTER THREE
3.0 RESEARCH METHODOLOGY
3.1 Introduction
3.2 Research Design
3.3 Area Of The Study
3.4 Population Of The Study
3.5 Sample size/Sampling Techniques
3.6 Administration Of Research Instrument
3.7 Validity And Reliability Of The Instrument
3.8 Method Of Data Analysis
CHAPTER FOUR
4.0 DATA PRESENTATION AND ANALYSIS
4.1 Introduction
4.2 Analysis Of Data
4.3 Testing Of Hypothesis
CHAPTER FIVE
5.0 SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS
5.1 Summary Of Findings
5.2 Conclusion
5.3 Recommendations
Bibliography
Questionnaire