THE PLACE OF ACCOUNTING INFORMATION IN THE MANAGEMENT OF SMALL SCALE INDUSTRIES (EDUCATION PROJECT TOPICS AND MATERIALS)
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
It is believed that the study of accounting should start with it relationship to nature and objective of business decision. Our concern centre on how it gives information that aid the decision of management and how management react quickly to make the decision effective through prompt handling of data and make needed adjustment to achieved a set goal. It was the conviction that predicated in me the urge to write on the topic. Accounting information as an aid to managerial decision making. A case study of Ewu flour mill, Edo state of Nigeria
Business organization produce goods and services by exploiting resource like man, material machine etc. which are demand of bze scare in nature, after carefully considering the decision to be taken. It can be seen from the above statement that accounting information is very necessary as an aid in managerial decision making. Because of this necessity a lot of scholars have gotten involved in the research of this study exclude the Nigeria accounting standard board as well as other private individual.
Accounting of the statement (NASB 1984:5) the statement provides a continuing history qualified in monetary term of economic resources and activities also the obligation of business enterprises and at economic activities that change the resource and obligation AICPA (45.D, accounting information therefore, provide the yard stick for measuring the performance of a business organization and is also an instrument against which management compares actual result with established standards. This the information connected for corrective action when actual income deviate markedly from pre-determined goals.
1.2 STATEMENT OF THE PROBLEM
The purpose of this study is to ascertain the use of accounting information as an aid in managerial decision making with specific interest in Ewu flour-mill plc.
This research work is therefore aimed at answering the following questions.
i. what is the state of financial report practices in Ewu flour-mill
ii. Does the accounting and reporting practice in Ewu meet the information needs of financial statement?
iii. From what source is accounting information prepared
iv. Does the decision made accounting information enhancing organization objective.
v. What is the level of reliance is managerial having on accounting information.
