ATTENTION:
BEFORE YOU READ THE CHAPTER ONE/ABSTRACT OF THE PROJECT TOPIC
BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL
PROJECT COSTS N5,000 ONLY.
THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT
IS AT THE BOTTOM OF THIS PAGE. OR YOU CAN CALL: 08068231953, 08168759420
EFFECTIVENESS AND USES OF ACCOUNTING
INFORMATION FOR DECISION MAKING IN PUBLIC SECTOR ORGANIZATION
CHAPTER ONE
INTRODUCTION
1.1
BACKGROUND OF STUDY
One of the
most effective uses of accounting information is decision making. Decision
making has being described as a purposeful choosing from a number of
alternative causes of action.
The
accounting information provides managers with the necessary information they
need. In this case, it is the accountants that provide the information with
which the management uses for its decision making. Managements can only come up
with a good decision if they are able to get correct accounting information
from the accountant. In a situation where the accountant does not provide
correct information: this is bond to affect the decision making of the
management adversely.
The question
now is, how business executive know the company is embarking on a favorable
decision or unfavorable one. The answer to this question is based on the
management and the accounting information.
According to
Ray (1996), most top level business executives have background in accounting
and finance than in any other field. The essence of using accounting
information is to enable managers make wise decision. It is also used
(accounting information) to set up system of internal control to increase
efficiency and prevent fraud in companies.
Accounting
information aids in profit making, budgeting and cost control. In a company, it
is the duty of the management accountant to see that his company keeps good records
and prepare proper financial regulations. Management accountants also need to
keep up with the latest development in the use of computers and in the computer
system design. Accountants provides many special reports for management,
decision making. This function requires the gathering of both historical and
projected data.
Indeed only
a limited number of studies in international management research have focus on
the role utilization of accounting information in the holistic context
of decision
making strategies, processes and preferences (Carr etal 1994; woutersan and
Verdaasdonk 2002).
Green wood
and Hinings (1996) there is evidence which reveal the influence of accounting
information in decision making process. it emphasize the important of a holistic
context and which led to the integration of other institutional influence and
multiple logics. It is in this context that the research wishes to evaluate the
effectiveness and uses of accounting information for decision making in public
sector.
In summary,
accounting information is primarily concerned with data gathering from internal
and external sources analyzing, processing, interpreting and communicating the
result (information) for use within the organization so that management can
make more effective plan, decisions and control operations.
1.2
STATEMENT OF THE PROBLEM
The central
concern of management is decision. In making a sound decision the management
needs some valuable and accurate information from the accountant. The
accountant
is at the services of the management by providing the management with the
necessary information which they need for decision making.
In recent
times, it was observed that cases of mismanagement, fraud and irregularities
prevail in the organization.
What then is
the role of accounting information in Bank of agriculture? Has the role been
affective? Does accounting information control fraud, mismanagement and
irregularities? Does accounting information ensure the efficiency and
effectiveness of management? This study is aimed at providing answers the above
questions.
1.3
OBJECTIVES OF THE STUDY
This
research is aimed at examining how effective and efficient management apply
accounting information in making business decision in public sector
organizations.
The main
objectives of this study are;
1. To
identify how accounting information controls
Fraud,
mismanagement and irregularities.
2. To
determine how useful and effective accounting information are to decision
making in public sector organization.
3. To determine
the relationship between the neglect of accounting information and decision
making in public sector organizations.
1.4 RESEARCH
QUESTION
The purpose
of the study is to highlight the use of accounting information in Bank of
agriculture and disclose the obstacles involved in the demand and supply of
information. This therefore propels the following research question for this
study:
1. How does
accounting information control fraud, mismanagement and irregularities?
2. How
useful and effective is accounting information to decision making in public
sector organizations?
3. What are
the effects of in availability of accounting information in public sector
organizations?
1.5 RESEARCH
HYPOTHESIS
The null
hypothesis is the one stated in a no difference form in effect of one or more
independent variables on the dependent variable and is denoted as Ho.
Alternative hypothesis is the one which predicts a difference and indicate the
expected direction of that difference and is denoted as H1. The hypothesis to be
tested in this study are as follows:
Ho:
Accounting information does not control fraud, mismanagement and
irregularities.
H1:
Accounting information controls fraud, mismanagement and irregularities.
Ho:
Accounting information is not effective in decision making in public sector
organizations.
H1:
Accounting information is effective in decision making in public sector
organizations.
Ho: There is
no relationship between the neglect of accounting information and decision
making in public sector organizations
H1: There is
relationship between the neglect of accounting information and decision making
in public sector organization.
1.6
SIGNIFICANCE OF THE STUDY
Accounting
information is very important in the life of any business. It is based on this
information that the management will be able to make wise decisions. The
accountants present the accounting information in such a way as to assist
management in policy and decision making in the day to day operations of the
company.
Based on the
information produced, the management will have the benefits on using it to plan
and control their current and future operations. Based on it also they will
come up with their management decision and information of long term plans. The
information also will help the management report historical information to
outsiders
The account
manager, based on the management plan (target/standards) will analyze the
performance of the organization and access whether the organization actually
attained the standard set by the management or not, if
there is any
variance, the management in charge of accounts will look into it to find out
the causes of the variance and the report to the management based on that
report. The management can make a wise decision that will take the cause of the
variance into consideration. The use of accounting information is so important
that the management of any organization cannot do without it.
Any
organization that does not makes use of accounting information for their
decision making is bound to be running into difficulties that lead to a
setback.
1.7 SCOPE OF
THE STUDY
The scope
will take into consideration the uses and effectiveness of accounting
information for effective decision-making.
Decision
making exist in every organization, for the purpose of this research the
research will be considering only Bank of agriculture (i.e. taking into
consideration Calabar branch).
Accounting
staff and manages of their co-operation will be interviewed for the purpose of
getting relevant useful
information
for decision making, also to determine how effective to use the accounting
information for their decision making. the recommendation and the conclusion
will be based solely on the information gathered.
1.8
LIMITATION OF THE STUDY
Time factor:
This was one of the major problems I encountered in the course of the study
since the data collected was partly by personal interviews and persons to be
interviewed had limited time to attend to me. Also the researcher has to
allocate part of her time to class room work one and other activities.
Finance:
Another factor that limited the scope of the study was the financial cost which
consisted mostly of travelling expenses, cost of materials to be used for the
study, cost of inputting the information collected into the computer, cost of
diskette, cost of printing the hard copies and binding of the report. This
consisted to limitation of my study.
1.9
DEFINITION OF TERMS
Decision
making: This is a process of choosing specific cause of action from among many
possible alternatives. Determine ways and means for accomplishing the line of
action decided upon is also a part of the decision making process.
Accounting:
This means the act of recording, classifying and summarizing in a significant
manner and in terms of money, transaction and events which are in part at least
of a financial character and interpreting the result thereof.
Information:
Data that has been processed to produce meaning relating to a field.
Accounting
information: Those processed information relating to accounting.
Management:
This is a group in a business who have overall responsibility for achieving the
company’s goals
Inventory:
This is the stock of goods which a firm posses within a accounting period
Cost centre:
This is the smallest of activities of areas of responsibilities where costs are
accumulated.
Profit
centre: This is a segment of a business that is responsible for both its
revenue end expenses, providing information for such an entity.
Planning:
The use of information supplied by accountants in making decision by which
management formulate objectives for future business of the firm.
Control and
Coordination: A process of ensuring that the cause of actions is maintained and
that the desire aims are achieved. This is done through the use of budgets and
actual data.
Cost
Decision: This is the application of and cost of principles, methods and
techniques in the ascertainment of cost and analysis of savings and or
excess as
compared with the previous experiences or with standard.
Decision:
Alternative lines of action which are often irrevocable.
Organization:
In organization the managers decide how best to put together the organizations
human and other resources in other to carry out establishment.
Cost
Accounting: This refers to the determination and control of cost.
General
Accounting: This is the overall records keeping preparation of financial
statements and reports and control at all business activities.
Budgeting:
This is the planning of financial aspect of business operations.
Questionnaire:
This is a method of data collection in which the research questions and
questions on other relevant issues are put down in a systematic manner.
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you
will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5,000) into our bank Account
below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
AFFILIATE LINKS:
myeasyproject.com.ng
easyprojectmaterials.com
easyprojectmaterials.net.ng
easyprojectsmaterials.net.ng
easyprojectsmaterial.net.ng
easyprojectmaterial.net.ng
projectmaterials.com.ng
googleprojectsng.blogspot.com
myprojectsng.blogspot.com.ng
https://projectmaterialsng.blogspot.com.ng/
Comments
Post a Comment