CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF STUDY
One of the most effective uses of accounting information is decision making. Decision making has being described as a purposeful choosing from a number of alternative causes of action. The accounting information provides managers with the necessary information they need. In this case, it is the accountants that provide the information with which the management uses for its decision making. Managements can only come up with a good decision if they are able to get correct accounting information from the accountant. In a situation where the accountant does not provide correct information: this is bond to affect the decision making of the management adversely. The question now is, how business executive know the company is embarking on a favorable decision or unfavorable one. The answer to this question is based on the management and the accounting information. According to Ray (1996), most top level business executives have background in accounting and finance than in any other field. The essence of using accounting information is to enable managers make wise decision. It is also used (accounting information) to set up system of internal control to increase efficiency and prevent fraud in companies. Accounting information aids in profit making, budgeting and cost control. In a company, it is the duty of the management accountant to see that his company keeps good records and prepare proper financial regulations. Management accountants also need to keep up with the latest development in the use of computers and in the computer system design. Accountants provides many special reports for management, decision making.
This material content is developed to serve as a GUIDE for students to conduct academic research
THE USES OF ACCOUNTING INFORMATION FOR DECISION MAKING IN PUBLIC SECTORS ORGANIZATIONS>
Project 4Topics Support Team Are Always (24/7) Online To Help You With Your Project
Chat Us on WhatsApp » 09132600555
DO YOU NEED CLARIFICATION? CALL OUR HELP DESK:
09132600555 (Country Code: +234)
YOU CAN REACH OUR SUPPORT TEAM VIA MAIL: [email protected]
DO YOU NEED CLARIFICATION? CALL OUR HELP DESK:
09132600555 (Country Code: +234)
YOU CAN REACH OUR SUPPORT TEAM VIA MAIL: [email protected]
Related Project Topics :
THE ROLE OF BUDGETING IN THE MANAGEMENT OF PUBLIC INSTITUTIONS A STUDY OF IMO STATE MINISTRY OF FINA...
INTERNAL CONTROL SYSTEM AS A MEANS OF PREVENTING FRAUD IN NIGERIA FINANCIAL INSTITUTIONS
THE USES OF ACCOUNTING INFORMATION FOR DECISION MAKING IN PUBLIC SECTOR
A CRITICAL ANALYSIS OF THE USE OF FINANCIAL REPORT IN ASSESSING BANK PERFORMANCE
EFFECTIVE BUDGETARY IMPLEMENTATION AS A TOOL FOR SOCIO-ECONOMIC DEVELOPMENT
THE EFFECT OF TAX ADMINISTRATION ON REVENUE GENERATION
THE EFFECTS OF EXCHANGE RATE FLUCTUATION ON THE NIGERIA MANUFACTURING SECTOR (1986-2010)
E-PAYMENT RISKS AND CONTROL TECHNIQUE IN GOVERNMENTS
THE ROLE OF ECONOMIC AND FINANCIAL CRIME COMMISSION IN GOVERNMENT ACCOUNTABILITY (2004-2015)
THE ROLE OF ACCOUNTANT IN THE PROJECT EVALUATION IN THE OIL SECTOR