ACCOUNTING INFORMATION IN DECISION MAKING IN SMALL-SCALE BUSINESS IN NIGERIA
ABSTRACT: This research work entitled “Accounting information in decision making in small scale and medium enterprises in Nigeria” is at exploring the role of accounting information in small-scale firms. The primary aim of any business enterprise is to make profit. The success and survival of any business is a function of its profitability. However, the level of success is to a considerable extent, a function of the number and quality of the accounting records kept and systems in operation. In trying to define a small-scale business or enterprise and its characteristics, the researcher will try to explore the problems, sources of funds and the role/importance of small-scale firms in Nigeria. An attempt will be made to define accounting information and its role in the decision making process. It was discovered that profitability of a small-scale firm is a function of the number of accounting records kept and the qualification of the entrepreneur. The researcher therefore recommends that the entrepreneur should endevour to understand the basis in bookkeeping o as to able to prepare complete and accurate records of transactions. They should equally engage the services of experienced and qualified accounting personnel. Following the above, the researcher concluded that for improved decision making through improved accounting information, entrepreneurs of small-scale firms should endevour to understand and apply basic book keeping or engage the services of experienced and qualified accounting personnel to carry out that function.
TABLE OF CONTENT
CHAPTER ONE
- Background of the study 1
1.1 Statement of the problem 2
- Objective of the study 4
- Hypothesis formulation 5
- Significance of the study 7
- Scope of the study 8
- Limitations of the study 9
- Definition of terms 10
CHAPTER TWO
LITERATURE REVIEW 14
2.0 General overview of a business entity 14
- Alternative form of business 18
- What is a small scale business 20
- General characteristics of small business 21
- Sources of funds 23
- The role and importance of small-scale business in the economy 24
- Problems of small-scale business 27
- Accounting information 28
- The accounting process 30
- The accounting information and the decision process 32
- The function of accounting information in decision making 33
- The relevance of accounting information in a business organization 34
- Uses of accounting information 35
CHAPTER THREE
SUMMARY, RECOMMENDATIONS AND CONCLUSIONS
3.0 Introduction 37
- Findings 37
- Recommendations 39
- Conclusions 41
Bibliography
