THE ROLE OF ACCOUNTING INFORMATION IN BUSINESS DECISION MAKING

THE ROLE OF ACCOUNTING INFORMATION IN BUSINESS DECISION MAKING

ABSTRACT

The importance of adequate role of accounting information in business decision making to the existence of any construction organization cannot be over emphasized. General, role of accounting information comprises the plan of organization and all of the co-ordinate methods and measures adopted within the organization to safeguard its assets, and promote operational efficiency. This research was undertaken to ascertain the need to install adequate role of accounting information in business decision-making companies in Enugu State and Nigeria as a whole. The purpose of the study is to find out the extent planning and application of adequate role of accounting information in business decision-making in the organization could prevent fraud, safeguard assets and serve as a guide to accounting standard. In carrying out the research study random sampling method was adopted and questionnaires were taken to the accounts departments of the organization used as a case study. The use of interview method was also adopted. Based on the finding, the researcher made a series of suggestion aimed at achieving a good role of accounting information in business decision-making. The finding revealed that strong role of accounting information in business decision making established would contribute immensely toward guiding the managerial performance, organizational performance, and in early prevention of fraud and irregularities.