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ACCOUNTING INFORMATION AS AN AID TO MANAGEMENT DECISION MAKING

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TABLE OF CONTENT

TITLE OF PAGE

CERTIFICATION

DEDICATION

ACKNOWLEDGEMENT

CERTIFICATION

CHAPTER ONE

  1. INTRODUCTION
    1. BACKGROUND OF THE STUDY
    1. STATEMENT OF THE PROBLEM
    1. PURPOSE OF THE STUDY
    1. SIGNIFICANT OF THE STUDY
    1. RESEARCH OF THE STUDY
    1. SCOPE OF THE STUDY
    1. LIMITATION OF THE STUDY
    1. DEFINITION OF THE TERN USED

CHAPTER TWO

2.0    LITERATURE REVIEW

2.1    INTRODUCTIONS/DECISION MAKING

2.2    DEFINITION OF THE ACCOUNTING   MANAGEMENT

2.3    ACCOUNTING INFORMATION AND ITS SYSTEM

2.4    BRIEF HISTORY OF UNILEVER NIGERIA PLC

2.5    STEPS IN CREATING THE ACCOUNTING SYSTEM

2.6    USERS OF THE ACCOUNTING INFORMATION

2.7    COMPONENTS OF THE FINANCIAL STATEMENT

2.8    NATURE OF THE RATIO ANALYSIS

2.9    CONSEQUENCE OF NOTE MAKING OF THE      RIGHT          DECISION

CHAPTER THREE

  • RESEARCH METHODOLOGY
    • PROFILE OF THE CASE STUDY
    • AREA OF THE STUDY
    • POPULATION OF THE STUDY
    • SAMPLE OF THE STUDY
    • DESCRIPTION OF THE INSTRUMENT
    • ADMINISTRATION AND THE RETRIEVAL OF THE STUDY
    • METHOD OF DATA ANALYSIS

CHAPTER FOUR

4. O  DATA PRESENTATION AND ANALYSIS

4.1    PRESENTATION OF DATA

4.2    ANALYSIS OF DATA

4.3    DISCUSSION OF FINDINGS

CHAPTER FIVE

5.0    SUMMARY, CONCLUSION AND RECOMMENDATION

5.1    SUMMARY OF FINDINGS

5.2    CONCLUSION

5.3    BIBLIOGRAPHY

         APPENDIX

CHAPTER ONE

  1. BACKGROUNG OF THE STUDY

Business organizations are constantly faced with the problem of decision making such as: what level of profit will provide adequate return on capital.  How will such profit will be achieved bearing in mind the action of the competitor? Should it be through price promotion or the cost reduction strategies or should the company diversify or change its product mix, should the company restructure, recapitalized the efficiency machinery or change its marketing strategies? all this question need to be answer promptly to gain the competitive age over the others . the insufficient resource brought the issue of effective decision waking in an organization . it is against the background of the limited resources , man capital and materials that objectives are driven at the profit maximization.

Decision making relate to the suture, noting can be done now that will after the past. As the future can not be known which the certainty decision making must hold with the effective of the certainty. This is where the accounting information  come in. the accounting information is an essential instrument required the by every organization . for the accurate decision to be taken in any organization,  accounting department is established .  this department is responsible for developing and reporting information will respect to material , labor over head  and maintain the necessary underlying records.  Many organization fails today because of the accurate accounting information was not gather from the balance sheet ,  profit and the loss of account , note to the account  e.g of an organization.

There is need fro every organization together with the accurate information from the above financial statement so as to enhance positive decision made.  The made role of the accounting information is to assist the management in decision in area of finance,  sources and application found in instrument.

To this end, this research work is design to highlight the accounting information as an aid to the management decision making , how it can be applied and what circumstances to be tackled  that the going concern of the company is not jeopardize.

  1. STATEMENT OF THE PROBLEM

Business failures are evidence of the poor decision making by the management if the accounting f unction is not given the proper attention; the management is bound to make haphazard decision. When wrong business are made, they tend to be wasteful use of resources, insolvency and subsequence liquidation. Without the accounting information, it will be very difficult for the management to over come the risk of danger in the business especially in the area of the investment  and the share transfer this study is not to solve the misery of the lack of the accounting information in management decision making.

  1. PURPOSE OF THE STUDY

THE PURPOSE OF THIS STUDY ARE:

  1. To find out the important of accounting information in the management decision
  2. To examine the relationship between the management accounting and the financial accounting in an organization
  3. To find out how the organization keep proper to fitting record
  4. To find out the management uses their workers.
  5. To critically examine the effective of the accounting information in Unilever Nigeria plc
  6. To find out if management attaches important to accounting information
  7. To find out the working with the information processing system environment easy.
  8. To achieve a higher national diploma
    1. SIGNIFICANT OF THE STUDY

         The result of this study will be major contribution on a great  benefit of the following.

  1. Researching in his area and the beyond
  2. Perspective investors, to use the accounting information guide to establish proper control.
  3. Existing the business organization which have suffered from the dormant will also assist in making the decision.
  4. It will make the management to attach important to accounting information and the accounting system.
  5. Its work with the information processing system.
  6. Does the employee agree adopt contribution and the suggestion.
  7. Are there adverse to affect to reject the suggestion aid contribution from the man agent.
  8. Does the management re-adopt the rejected suggestion?
    1. SCOPE OF THE STUDY

The cost accounting system of the any organization is the information of the internal information system.

This research work provide a verifying of the information on how management plan, control and make the decision on the effective of costing accounting in the business enterprises.

Information regarding the financial aspects or performance is provided by the costly system. the research work is based on the accounting department, recording units accounting information processing units. As the topic rightly says accounting information as an aid to the management decision making, accounting information is widely used in different in Unilever Nigeria plc. But this research work only covered the effective of the accounting department in Unilever. Based on information given by the respondent limit the ability of perfect result.

ACCESS TO RIGHT MATERIALS: the material necessary for this study were not readily available there by limiting the result.  This is due to limited resources and the lack of sufficient data.

EXAMPLE ARE: News paper, Magazine, financial statement of Unilever Nigeria plc and the other restaurant, book by expert in the field. This material were not available due to the secrecy from the case study. Unilever Nigeria plc.

  1. DEFINITION OF THE KEY CONCEPT

         Definition of the relevant term is necessary  since the reader  of this research  work are not all in this business field. These definition enhance the readers clear and vivid comprehensive of the study . the definitions are based on the operation view as they are in the research.

  1. MANAGEMNET: This can be described as the act of working particularly through the people  for the achi8evemnet of broad goals of an organization.
  2. ACCOUNTING: This is the act of collecting recording , summarizing, classifying of the business transaction  and communicating the information to the  final user for the effective decision making.
  3. Management accounting: Is primarily concerned with the data collection (from both internal and external) analyzing the processing interpreting and the communicating resulting information for the used within an organization so that the management can make efficiently plan , make decision and the control operation.
  4. Management objective: This is the intended goals that prescribe the definition scope and suggest the direction to the planning effort of  a manger.
  5. Assets:  These are the good things of the valve that are owned by the business. They are also known as the resources of the business assets have valve because of the use to which they can be acquire by exchanging them from something.
  6. Liquidity ratio:  This is the use to indicate a firm paying the ability especially its short time the ]debt paying.
  7. Liability: This is the debt owned by the firm.
  8. Leverage ratio: This show the proportion of debt and equinity in financial and efficiency.
  9. Planning: This is the defined as the establishment of the objective and the formulation e valuation.
  10. Control: This is concerned with the task of coordinating and using the allocated resources  to achieve the pre-determine.

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