ACCOUNTING INFORMATION AS A MANAGEMENT TOOL IN DECISION MAKING (A CASE STUDY OF EMENITE COMPANY ENUGU)

72 PAGES (7656 WORDS) Accounting Project
1.0BACKGROUND OF THE STUDY
Accounting provides information which is vital for the economic decisions that have to be made by individuals and the companies. Accounting counting is a way of giving management the financial information and control it needs to run a portable business or an efficiency organization.
Accounting has been defined in so many ways in different people. According to Onovo (2004) accounting is an act or process by which an economic environment which focuses on dealing with information about the activities under focuses. 
According to Eneje (2006), accounting is a process of measuring, recording, classifying, summarizing and communicating of financial information that is used in making economic decision to interested persons or parties. It is also process by which profitability and solvency of company can be measured.
Accounting provided information needed bin a basis for making business decision that enables management to guide the company in a profitability solvent.
Stated simply, managing a business is a matter deciding of what should be done seeing to it that the means are available and setting people employed in the business to do it in this process management is faced with alternative and every decision to do something involves a choice. In most cases, the profitability that a good decision will be made depends on the amount and validity of information that the manager has about the alternative and consequences.
Management on the other hand is a process of converting information into action and accounting is the source of mist if the information is used. In this, management and accounting is overlap, extensively, management is highly dependent on accounting for operating facts and on the accountant for the steaching hand he can offer by virtues of his temperament and training. It is not possible for the manager herself to an accountant, he must beat home with accountants. He must know how to make effective use of the information material that the accountant produces in order to accomplish his managerial objectives. 
Accounting is a way to give management the financial information and control. It needs to run a profitable business or efficient organization. The management of every business must keep foremost in its thinking, two primary objectives and they are:
1.To earn profit and to stay solvent, that is to have in hand sufficient cash to pay debt as they fall due. Profit and solvent are not the only objective of business management. There are many others such as protecting the environment providing jobs for people which is unemployment and providing more goods and services of a lower rate. At this point, business cannot grow without the accomplished of these objectives.


TABLE OF CONTENT
Cover page i
Title page ii
Approval page iii
Dedication iv
Acknowledgement v
Table of content vii
Proposal x
 
CHAPTER ONE 
INTRODUCTION 
1.1Background of the study 1
1.2Statement of problem 4
1.3Objective of the study 5
1.4Research question 5
1.5Research hypothesis 6
1.6Scope of study 6
1.7Significant of the study 7
1.8Limitation of the study7 
1.9Definition of terms 8
References 10

CHAPTER TWO 
Review of related literature 11
2.1The theoretical review of literature 11
2.2Empirical review literature 33
References 35

CHAPTER THREE 
RESEARCH DESIGN AND METHODOLOGY 
3.1Research design 37
3.2Area of the study 37
3.3Population of the study 37
3.4Sources of data 38
3.5Sample method 39
3.6Research instrument 40
3.7Validity and reliability of research instrument 41
3.8Method of investigation 41

CHAPTER FOUR 
Presentation and analysis of data 42
CHAPTER FIVE 
SUMMARY CONCLUSION AND RECOMMENDATION 
5.1Summary of findings 57
5.2Conclusion 61
5.3Recommendation 63
Bibliography 68