THE ACCOUNTING INFORMATION AS A TOOL FOR MANAGEMENT DECISION-MAKING (A CASE STUDY OF ALO-ALUMINIUM)

ABSTRACT

The main objective of this research work is to find out by investigation and analysis how the service of Accountants assist in the effective financial management in private and public organization. For some time now, cases of frauds, embezzlement and inadequacy of accounting system has led many establishments to liquidation and as such became necessary that a research be undertaken to find out a permanent solution to the problem. In chapter one, efforts were made to defined and evaluate the system of accounting and ascertain why knowledge of accounting is necessary to every body. In chapter two, it reviews some related literature in the field of the research work. In chapter three, it treated the research methodology, design, Area of study, population of the study, sample and sampling procedures, instrument for data collection and courses, method of data analysis. In chapter four, the data collected were presented and analysis of results given in a way for better understanding. Finally, chapter five dealt with Discussion of findings and implications were made. By and large, it was established that accounting information plays a vital role towards the effective financial management in Alo Aluminium.

CHAPTER ONE

1.0  INTRODUCTION

1.1   BACKGROUND OF THE STUDY

The owner of a business naturally wishes to run his business as efficiently as possible. One of the purposes of keeping accounts is to enable one to do this.

i. Its account should avail him the necessary cost data for effective operation.

ii. The exact revenue of the business.