MANAGEMENT ACCOUNTING AS A TOOL IN DECISION MAKING
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Delivery: Within 24 hoursMANAGEMENT ACCOUNTING AS A TOOL IN DECISION MAKING
(A CASE STUDY OF WAEC ENUGU ZONAL OFFICE)
ABSTRACT
This work provides the effectiveness of management decision in an organization. This study however will dwell in management accounting as to highlight it’s roles in the decision making process of a public organization like WAEC Enugu. In the light of the management accounting, can be defined as an integral part of management concerned with identifying, presenting and interpretation of information required by management for the purpose of planning the activities performance appraisal at strategic departments and operational levels.
The research work was divided into five parts or chapters and they are arranged as follows.
Chapter one presented the background of the study and the general introduction of the topic.
Chapter two death with the review of the related literature concerning the topic, nature and purpose of management accounting concept of information, functions of management, qualities of management decision making process.
Chapter three death with research design, area of study, population for the study, sample and sampling techniques instrument for data collection, validity of instrument reliability of the instrument, method of data collection and method of data analysis.
Chapter four death with data presentation and analysis.
Chapter five easily death on the discussion of results, conclusion, implications of results, recommendations suggestions for further research study and limitation of the study.
LIST OF TABLES
1. Summary features of the respondents staffs in sex and age.
2. The qualification status and experience of respondent.
3. Position levels
4. Work experience
5. Is there a management accounting in your organizations.
6. Who heads the organization?
7. Does the manager require information from the management?
8. How does the management Accountant present his information
9. When does the management Accountant present the information required of him
10. What nature of information does he present to the management?
11. How ids the management accountant’s information viewed by the management.
12. Is the management account involved in the decision making process of the organization?
13. What role does management Accountant play in the decision making process.
14. Do you think adequate information is very necessary for decision-making in your organization?
15. Does management accountant provide reliable information to guide decision? .
TABLE OF CONTENTS
Title page
Approval / Certification page
Dedication
Acknowledgement
Abstract
Table of Contents
CHAPTER ONE
Introduction
1.1 Background of the study
1.2 Statement of problem
1.3 Purpose or objective of the study
1.4 Scope / delimitation of the study
1.5 Research question
1.6 Significance of the study
CHAPTER TWO
2.0 Review of Literature
CHAPTER THREE
3.0 Methodology
3.1 Research design
3.2 Area of study
3.3 Population for the study
3.4 Sample and sampling technique
3.5 Instrument for data collection
3.6 Validity of the instrument
3.7 Reliability of the instrument
3.8 Method of data collection
3.9 Method of data analysis.
CHAPTER FOUR
4.0 Data presentation and Results.
4.1 Nature of the distribution
CHAPTER FIVE
5.0 Discussion, implication and Recommendations
5.1 Discussion of results
5.2 Conclusions
5.3 Implication of the results
5.4 Recommendations
5.5 Suggestions for further study
5.6 Limitation of the study
Appendix
Bibliography
Questionnaire
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Accounting widely seen as the background of every business has been defined in several languages by many scholars, but interestingly all the language see it as generating economic information that permits informed judgment and decision by users of such information. This Mustafa (1994:5) “ Accounting as the identification selection, measurement and communication of information in the form of costs and benefits both of direct and indirect nature to facilitate economically justified decision regarding the activities and resources of an organization.
It should therefore be noted that the users of accounting information of any organization include the management of the organization. The creditors of the organization, shareholders or owners investors at large etc.
These groups have their different informational needs about an organization as a result of which we classify accounting into:
1. Financial accounting provides information for the extend users such as shareholders creditor, government agencies potential investor etc.
2. Cost and management accounting provide information for the internal users i.e. those in the various level of management.
This study however, will dwell in management accounting as to highlight its roles in decision-making process of an organization in the light of the above management accounting, can be defined as an integral part of management concerned in identifying, presenting and interpreting information required by management for the following purpose:
i. Formulating the policies of the organization stations planning the activities of the organization
ii. Decision makings
iii. Performance of appraisal at strategic department and operational levels etc.
Based on the above management accounting is seen as the pillar (in terms of information provision) in the decision- making process of a business organization. This is based on the fact that before the manager or head of an organization can make effective decisions, he must have a good knowledge of the circumstance surrounding the environment on which he intend making a decision and this in the focus of management accounting.
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