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The impact of Accounting Information for Management Decision making in Tertiary Institution

CHAPTER ONE

INTRODUCTION

  1.     Background of the Study

           This project will examine the use of accounting information in decision making in tertiary institutions.      

          Accounting has been defined by different authors of the world, and its usefulness cannot be over-emphasized in any organization in the areas of measuring the performance and the accuracy of an organization.

The America accounting association (1966) defined accounting as the process of identifying, measuring and communicating economic information to permit information judgment and decisions by the users of the information.

Moreover, for any organization to record success in their endeavors, there must be a good communication in existence and communication is been defined as the process of sending and receiving meaningful and useful ideas through tangible and intangible media.

However, the most crucial area of accounting in the modern day business extends beyond this process of creating reports and records rather it is concerned with the use to which the accounting information has put it” analysis and interpretation as an aid to vital business decisions.

Accounting system must provide information to managers and to a number of outsiders who have an interest in the financial activities of the business enterprise. The outsiders are the owners, creditors, potential investors, the government and the public who have supplied money.

The use of accounting information as a tool and like must tools, cannot be of much direct help to those who are unable or willing to use it or misuse. However, it is expected to produce information to non-professionals as well as professionals who are willing to use it properly.

Accounting information when it is employed as a tool for management decision making in a business entity and parastatals, it is hoped that any item of doubt that shroud the level of efficiency, profitability (in case of profit making organization) and sustainable growth of the business will be dispelled.

STATEMENT OF PROBLEMS

Accounting information has been efficiently used for management decision making in the tertiary institutions, especially in Obafemi Awolowo University. So the following are the problems that are worth of research.

How to get complete project materials


Step 1: make payment of N2,000 to the below bank details


NAME:                       TITUS AYANI SOLA
BANK:                       FIRST BANK PLC
ACCT NO:                  3111741042
ACCOUNT TYPE:       SAVINGS
AMOUNT:                  N2000

NAME:                       TITUS AYANI SOLA


BANK:                       GTB BANK
ACCT NO:                  0262412831
ACCOUNT TYPE:       SAVINGS

STEP 2: AFTER PAYMENT SEND THE PROJECT TOPIC AND YOUR EMAIL ADDRESS TO 08063666753

CLICK ON THE IMAGE BELOW TO REQUEST FOR MATERIAL
Updated: 24th January 2019 — 3:41 pm

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