Accounting Information and Decision-making in organisation (A case study of Muxol
Paint Company) One of the most important functions of management which is
decision making has been described as a purposeful choosing from a number of
alternative courses of action.
management can only come up with a good decision if they were able to get a
correct accounting information form the accountants as a result of this, there
are the need for research to find out if managers actually provided this
information to the mangers and if they are relevant in the decision making of
utilization of available account
Inadequate managerial expertise
revealed all the accounting information needed by the management for decision
making and the use and users of accounting information.
of the Study
of the Study
of the Study
and Users of Accounting Information
Decision Making Process
Population /Sample Size
Presentation And Analysis of Data
of collecting, recording and summarizing business and financial transaction and
analyzing, verifying and report the results. (Olaoye 2006).
is also a measurement and communication system to provide economic and social
information about an identifiable entity to permit uses to make informed
judgments and decision leading to an optimum allocation of resources and the
accomplishment of the organisational objectives (Mbanefo 2007). Accounting
information on the other hand can be described as a data that has been analyzed
and transformed into information to enable users to make or take decision
making has been described as a purposeful choosing from a number of
alternatives. The need for a decision arises in business because a manager is
face with a problem and alternative course of action need to be taken in order
to provide solution to the problem.
information system in an organisation is an important machinery to improve the
efficiency of the organisation and support its competitiveness through proving
management with good financial information that will enhance making decisions
regarding planning and other decision (Mohammed, 2009), the purpose of accounting
records is to provide information about the economic affairs of an organisation
that will enable mangers to plan and control the operation of the business in
order for useful decision to be taken.
information is not only necessary for the evaluation of the past and keeping
the present, it is also useful for planning the future of the enterprises,
based on the above, it is necessary to note that only good and sound accounting
information can lead to good decision and thereby enhancing the efficiency of
organisation are faced with challenges on their accounting system due to the
fact that adequate information is lacking in the system, books of account are
not properly recorded and there is perpetration of fraud. These had caused
setbacks to many organisations even to the extent that many have to wind up
this background, therefore, this study is set to examine whether accounting
information can has impact on organisational decision making process.
study examines Accounting Information and Decision – Making in an Organisation
using Muxol Paints as a case study.
the purpose of this research work, the following research question are
accounting information have on decision- making?
accounting information have on the achievement of organisational goals?
accounting record affect the accounting information of an organisation?
managerial effect on accounting information and decision –making in an
accounting information enhance decision making?
broad objective of the research study is to examine accounting information and
decisions making in an organisation
specific objectives are;
impact of accounting information on decision – making.
issues in organisational accounting
challenges of organisational accounting system
accounting information can be derived or achieved in organisation.
correct, timely and consistence accounting information helps in improving the
efficiency of operation.
hypothesis that will be tested for the purpose of this study.
impact on decision making of an organisation
OF THE STUDY
concrete and explicit management decision to ensure the success and survival of
an organisation and since the aim of Muxol Paint like any other business
organisation is “profitability” Accounting information is indispensable to
achieve this goal. Hence this research work studies how effective and efficient
the instrument of good accounting information and decision making is in an
significance of this study will enable Muxol Paint Company to improve in
efficient and effective decision – making and eradicate the weal accounting
systems by making sure that every staff in the account department is co –
operative and fully conscious of his or her role in the department so as to
produce good accounting information and enhance decision – making.
classifying, summarizing, interpreting and communicating accounting information
in a significant manner and in form of money transaction and events which are
in part at least of financial character and interpreting the result thereof for
decision – making.
data that have been processed in accounting manners for the purpose of decision
the fundamental unchangeable pillars and foundation of accounting building
blocks of accounting framework.
accounting knowledge upon which the teaching and practice of accounting are
rules and connection which have been adopted as a general guide to action by the accounting profession.
organization. It may either be tangible or intangible assets.
collection and accurate recording of the financial data.
COORDINATION:- A process of ensuring that the cause of a action is
maintained and that desire aims are achieved. This is done through the use of
budget and actual data.
cost are collected. It is defined in terminology as a location, function or
items of equipment in respect of which cost may be ascertained an related to
cost units for control purpose.
statement that summarized various information of entity’s financial affair.
practices by which productive resources owned by one person or group of managed
by another person or group of persons.
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