Description
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.
1.2 STATEMENT OF THE PROBLEM
It is a fact that decisions have to be made in every stage of human
endeavor. The decision my sometime be made in a suitable where all
information needed to made the right decision are available or no
information at all or even in conditions where information are not
adequate in this case, there will be always be on affect where right or
wrong and wrong decision is take carrying at conclusive information in
decision making some importance techniques are applied which could
be wrong and thus create problem as a result of inadequate they include.
1. Information: Decision to do what one feel, right which night not
be the best in all situation
2. Experience: Decision on a particular course of action based on
ones past experience which not be suitable to the present
situation.
3. Authority: Decision is made by the boss based on the nation that
knows everything and even because of the important position he
holds. This is not best at all.
4. Voting: Sharing of responsibility for the decision (back passing)
that is trying to play safe.
Although these method may sometimes without, it could be noted
giving a the information requires for making decision are not exclusive
responsibly of an individual Hence adequate information must be
collected analyses and interpreted clearly to assist in making decision
which will not entails a waste of resource at any sort. To be can did the
ability to make correct decision is usually hindered by the Nigeria
economic such as government policies instability and inflationary tend?
Therefore every management in an organization must be able to
identify the straight and opportunities to explored and the weakness and
threat to be taking and avoided.
1.3 OBJECTIVE OF THE STUDY
The aim and objective of accounting system is to provide the
relevant information with the aim of making the best decision in an
organization.
Many accountants are now showing an increasing relate to a
circumstance on this and adds to ones store of knowledge.
Though the term “data” and “information” are used
interchangeable, they do not have the same meaning Data are “raw
material” such as fact symbols and event which is processed and turned
into information such processing including synthesis classification and
other manipulation that make the data meaningful it recipient
DECISION MAKING
Decision making is normally described as a conscious choice
between at least two alternative decisions making always implies a
choice.
If a choice doest not have to be made to solve a problem on
individual is not actually involved in a decision making situation. For
example consider the management who want to determined when his
secretary leave for lunch, this would not be necessarily decision making
situation since a choice is not involved.
Instead the problem might be on a matter of obtaining the correct
information and the decisional problem which could appear if the
manager has to decide on how to obtain the desired information. Thus,
decision making involves the selection of a course of action from
among two or more possible alternative in order to arrive at a solution
to a given problem.
Information System: Formal and Informal
A system or a set of element or components that interact to
produce a cohesive unit.
An information system as a set of element may take interest in
understanding the relationship between accounting and decision making
in business.
The interest is being show in whether or not, the alternative
methods affecting decision making.
The research therefore proposes to determine the bearing of
accounting information on managerial decision in relation to other nor-
accounting information inputs.
The objects of research work and:
a. To review the role accounting information plays in the
management decision making process with special reference.
b. To determine if the accounting information generated by
accounting department assist in meeting the objective of the
organization.
c. To examine the research for employing accounting in
management decision – making process.
d. To proffer suggestion that will assist management in using
accounting information in the decision making process.
1.4 SIGNIFICANCE OF THE STUDY
In an organization managers at all level make decision this
decision makes the organization from achievement its corporation
objective. All decision however, have some influence large or small,
positives or negatives on performance
This manager must develop decision making skills. The quality
of managers decision is the yard stick of their effectiveness and of their
worth to the organization. Management appraised and rewarded on the
basis of the importance quality and result of their decision.
Finally, the accounting information provided will be needed by
the enterprise itself the government investors and what a view.