Project Materials

ACCOUNTING ACCOUNTING UNDERGRADUATE PROJECT TOPICS GENERAL

ADOPTION OF ACCOUNTING INFORMATION AS THE MAJOR TOOL

Do You Have New or Fresh ic? Send Us Your Topic

ADOPTION OF ACCOUNTING TION AS THE MAJOR TOOL

CHAPTER ONE

1.1    BACKGROUND OF THE STUDY

Almost all the organization aimed towards the attainment of its desired, planned and overall objectives. In every operation of organization more especially small scale industry aimed towards efficiency and proper effectiveness for this to be achieved to a large extent depends on the quality of available accounting information and how the information will be utilized by the organization. However, information is the life wire of every business, defined by Don T. Coster et al (1978) so for any business to succeed in today’s rapidly changing environment, the management must update itself with every current and relevant information that will be beneficial towards achieving their predetermined objectives because without it there is likely to be stagnation. The manager who is making a decision normally wants to be sure that this knowledge is . This is possible only through the effective presentation and its use in appropriate circumstances.

When looking into the importance and usefulness of accounting information to management and especially small scale industry, it will be relevant to state clearly that there are other information that management uses in decision making. Like information by ers, Lawyers, Doctors, s and other company’s officials, but however, that information by accountant goes a long way to determine the assets base of a company and its liabilities to determine its cost price of production in pricing its products and also in determining when profits or loss is made.

Accounting information measures the progress of a commercial enterprise and is used in decision making for the selection of a single course of action for several dissimilar and unrelated alternatives. It has been observed that decision making is the final process in managerial process, but however, the relevance of an decision by management depends on the accuracy and relevance of accounting information supplied by the accountant.

When the decision involves business and economy questions, accounting information is essential to the decision system because it provides quantitative information for three functions: planning, control and evaluation.

 

Do You Have New or Fresh ic? Send Us Your Topic 

Related project topics

Not What You Were Looking For? Send Us Your Topic

TRUCTIONS AFTER

After making payment, kindly send the following:
  • 1.Your Full name
  • 2. Your Email Address
  • 3. Your Number
  • 4. Amount Paid
  • 5. ject ic
  • 6. Location you made payment from

» Send the above details to our email; [email protected] or to our support phone number; (+234) 0813 2546 417 . As soon as details are sent and payment is confirmed, your project will be delivered to you within minutes.

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisements