ACCOUNTING DATA AS A HELP TO MANAGEMENT DECISION MAKING
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- BACKGROUND OF THE STUDY
Business organizations are constantly faced with the problem of decision making such as: what level of profit will provide adequate return on capital. How will such profit will be achieved bearing in mind the action of the competitor? Should it be through price promotion or the cost reduction strategies or should the company diversify or change its product mix, should the company restructure, recapitalized the efficiency machinery or change its marketing strategies? all this question need to be answer promptly to gain the competitive age over the others .
The insufficient resource brought the issue of effective decision waking in an organization . it is against the background of the limited resources , man capital and materials that objectives are driven at the profit maximization.
Decision making relate to the suture, noting can be done now that will after the past. As the future can not be known which the certainty decision making must hold with the effective of the certainty. This is where the accounting information come in. the accounting information is an essential instrument required the by every organization . for the accurate decision to be taken in any organization, accounting department is established .
This department is responsible for developing and reporting information will respect to material , labor over head and maintain the necessary underlying records. Many organization fails today because of the accurate accounting information was not gather from the balance sheet , profit and the loss of account , note to the account e.g of an organization.
There is need fro every organization together with the accurate information from the above financial statement so as to enhance positive decision made. The made role of the accounting information is to assist the management in decision in area of finance, sources and application found in instrument.
To this end, this research work is design to highlight the accounting information as an aid to the management decision making , how it can be applied and what circumstances to be tackled that the going concern of the company is not jeopardize.
- STATEMENT OF THE PROBLEM
Business failures are evidence of the poor decision making by the management if the accounting f unction is not given the proper attention; the management is bound to make haphazard decision. When wrong business are made, they tend to be wasteful use of resources, insolvency and subsequence liquidation.
Without the accounting information, it will be very difficult for the management to over come the risk of danger in the business especially in the area of the investment and the share transfer this study is not to solve the misery of the lack of the accounting information in management decision making.
- PURPOSE OF THE STUDY
THE PURPOSE OF THIS STUDY ARE:
- To find out the important of accounting information in the management decision
- To examine the relationship between the management accounting and the financial accounting in an organization
- To find out how the organization keep proper to fitting record
- To find out the management uses their workers.
- To critically examine the effective of the accounting information in Unilever Nigeria plc
- To find out if management attaches important to accounting information
- To find out the working with the information processing system environment easy.
- To achieve a higher national diploma
- SIGNIFICANT OF THE STUDY
The result of this study will be major contribution on a great benefit of the following.
- Researching in his area and the beyond
- Perspective investors, to use the accounting information guide to establish proper control.
- Existing the business organization which have suffered from the dormant will also assist in making the decision.
- It will make the management to attach important to accounting information and the accounting system.
- Its work with the information processing system.
- Does the employee agree adopt contribution and the suggestion.
- Are there adverse to affect to reject the suggestion aid contribution from the man agent.
- Does the management re-adopt the rejected suggestion?