Financial accounting information and management decision making:
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Date
2014-06
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics and Management
Abstract
This study aimed to explain and clarify the importance of using financial accounting
information in decision making process, to meet the requested administrative needs to
rationalize the administrative decisions of the company.
The researcher in collecting data depended on the primary sources and secondary
sources, to achieve the goals of the study and in answering its questions. Through this
approach she obtained the secondary data which formed the theoretical frame for the
study. Meanwhile the practical frame depended on an interview and a questionnaire
which were designed for the subject goal.
The study came out with results and recommendations, to explain the importance of
using accounting information in decision making process in the company, and the most
important points, are:
1. There is a positive relationship between the extent of using accounting information in
decision-making and taken decision, if the accounting information is correct the decision
taken is correct.
2. Errors found in the information leads to errors in the decision to the detriment the
interests of the company.
3. Management knows the role of accounting information in the rationalization of the
decision making. And the recommendations: Administration must involve all the
departments in the decision-making process.Joint employees who specialize in
preparing financial reporting and accounting information in training courses to acquire
skills and practical experience and knowledge of accounting information
Description
A research report presented to the college of economics and management in partial fulfillment of the requirements for the award of a Bachelor’s Degree in business administration of Kampala International University.
Keywords
Financial accounting information, Management decision making, Nilecom Limited