ACCOUNTING INFORMATION AS A BASIS FOR MANAGERIAL DECISION-MAKING (A CASE STUDY OF KAM WIRE COMPANY LIMITED, ILORIN)

0
433

TABLE OF CONTENT

Title page                                                                                i

Certification                                                                                      ii

Dedication                                                                               iii

Acknowledgement                                                                             iv

Table of content                                                                      vi

CHAPTER ONE

INTRODUCTION

1.1     Background of the Study                                                        1

1.2     Statement of the Study                                                  3

1.3     Objective of the Study                                                   5

1.4     Significance of the Study                                                         7

1.5     Scope and Limitation                                                     8

1.6     Definition of Term (Option)                                          8

CHAPTER TWO

LITERATURE REVIEW

2.1     Management Information System                                  12

2.2     Accounting Information System                                    16

2.3     Decisional Levels                                                           21

2.4     Managerial Decision-Making Organization                    23

CHAPTER THREE

RESEARCH METHODOLOGY

3.1     Research Design                                                            26

3.2     Population of the Study                                                 26

3.3     Sampling for the Study                                                  27

3.4     Source and Method of Data Collection                          28

3.5     Methods of Data Analysis                                             29

3.6     profile of the Case Study                                                         30

CHAPTER FOUR

PRESENTATION AND ANALYSIS OF DATA

4.1     Data Presentation                                                          33

4.2     Analysis of Data                                                            33

4.3     Testing of hypothesis                                                    43

CHAPTER FOUR

SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.1     Summary                                                                       45

5.2     Conclusion                                                                     46

5.3     Recommendation                                                           47

          Reference                                                                       50

CHAPTER ONE

INTRODUCTION

1.1     BACKGROUND OF THE STUDY

Management is the aspect of a business which relates to making policies, developing programmers, setting standards, applying to financial, physical, human resources, maintaining plant and equipment, supervisory, labour and clerical forces at a maximum efficiency.

 In a nutshell, management involves setting goals and directing people and other resources in the accomplishment of the enterprise goals.

In discharging its inherent duties and responsibilities, management the task of choosing every part of an organization. For example, from a list of proposed capital expenditure the management must select those that provide the most promising profit opportunities.

Decision making is very basic that no management function can be performed without it.

It is a continuous process that cut across all organizational activities. In word, decision is needed in planning, organizing, actuating, staffing directing and control.

It must, however, be noted that any decision requires an information input. The decision will then be made in light of information available. Thus, the quality, relevance, sufficiency and accuracy of such information are important. Sound decision can only be made upon sound and accurate information, accounting or non-accounting quantitative or non-quantitative.

Nevertheless, every organization accounting information system such system consists of people, machine, procedures, controls, document files and reports. Their basic purpose is to provide operating and management personnel with information which can be used to effectively and efficiently execute the mission of an organization.

Accounting information has always been relevant for a variety of purpose. It provides financial information to management which utilize in planning and controlling business activities. Management however, requires that accounting information to be as effective as possible in order to evaluate and control business operations. Many accountants have been so preoccupied with conventional financial accounting presentation that they have not concentrated on developing accounting managerial tools.

Accounting information influence many decision but little is known about the way in which this influence is exerted in particular classes of decision. Thus additional information management want as a basic for making decision, rather than on the form of conventional accounting presentation.

Since it has always been the objective of the internal accounting to generate useful information for management, this research attempt to have a look at the influence and important of accounting information provide by internal accountants on rational management decision.

ACCOUNTING INFORMATION AS A BASIS FOR MANAGERIAL DECISION-MAKING (A CASE STUDY OF KAM WIRE COMPANY LIMITED, ILORIN)