THE IMPACT OF ACCOUNTING INFORMATION ON DECISION MAKING PROCESS
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Abstract
Accounting generally involves the process of identifying, measuring, and communicating economic information to permit informed judgments and decisions of users of the information. In other words, accounting is concerned with providing information, which will help decision makers to make decisions. To enhance creditability and utility of the information, the decision making process, established concepts, principles, standard and legal requirements are strictly followed in order t o translate physical facts into money values and ensures that all types of report are integrated an d prepared on consistent basis. The information provided by financial statement, cash flow, variance analysis, managerial costing in planning, organizing decision-making and control are invaluable to achieve objectives of the various interest groups. However, during the course of the research, the researcher discovered that proper and enough accounting information were being generated and applied substantially in organization studied such as ROCANNA NIGERIA LIMITED, p oint industry etc. also apply accounting information in decision making. Hence, it was concluded that the problems of the economy lies elsewhere other than insufficient generation and application of accounting information in decision making process in organizations. Based on the findings a nd conclusions the researcher recommended for further research into the other variables that might be contributing to our economy disorder. Therefore, the project was broken down into first chapter as indicated in the table of contents