Accounting As A Management Tool For Decision Making

This study seeks to examine the economic decisions of an organization investigation the extent to which accounting information is assisting management of these organization in their decision making process in our economic environment. It is obvious that profits/ surpluses made by organizations firms corporations etc do not arise as a result of happy accidents there fore how do mangers know whether their respective organization are earning enough a come profit or incurring losses how do they know whether the organization is solvent or not? The answer to this entire question is in one word. Accounting this research work seek to explain how accounting information provides the basis for making business decision that will enable management to guide the organization in a profitable operations and sustained growth. Manager and the executive have a duty to use the resources placed at their disposal in the most efficient and economical manner management is always faced with alternatives and very decision to do something or refrain form doing something involving a choice. All these and many others are discussed in this project because one of the importance tasks of accounting is assisting mangers to achieve efficiency through the provision of suitable financial information.
In carrying out the above functions research question were raised and hypothesis formulated relevant tables were built on the data collected an percentages were used in analyzing the data the hypothesis which states that responses are found to be wrong.
It is based on the findings of this paper the research put towards some recommendation which if adopted will go a long way in enhancing the effectiveness and reliability of using accounting information in business decisions