ASSESSMENT OF THE EFFECTIVENESS OF ACCOUNTING INFORMATION AS A TOOL FOR MANAGEMENT DECISION
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ASSESSMENT OF THE EFFECTIVENESS OF ACCOUNTING INFORMATION AS A TOOL FOR MANAGEMENT DECISION
PROJECT TOPICS AND MATERIALS ON ASSESSMENT OF THE EFFECTIVENESS OF ACCOUNTING INFORMATION AS A TOOL FOR MANAGEMENT DECISION
Accounting
is like eyes and ears of the management, it is also regarded as the
language of business. Each business entity must know what is doing and
where it is going financially. Accounting keeps the financial score for a
business, it call attention to the problem and the opportunities that
comfort the enterprise. Where action in needed, it suggests possible
solution or answers. Accounting is an intellectual discipline, we need a
working definition, accounting is defined as the act of analyizing
evaluating and interpreting an organization financial activities and
communicating the result to those who are interested. It can also be
defined as the process of identifying, measuring and communicating the
result to those who are interested. It can also be defined as the
process of identifying, measuring and communication economic information
to facilitate informed judgment to serve organization objectives.
(According to WALGENBACH, P.H.. ET AL 1987), in his book “Financial
accounting and introductory”. From the definition abopve, itr could be
observed that accounting is not restricted to the recording of
transaction in monetary terms but it also provide information to its
users. Accounting can be widely classified into two categories, they
are:
USERS OF ACCOUNTING INFORMATION
Accounting information are required and used by various classes of
people e.g. owner of the business, the government, investors, employees
and creditors. Sizer john (1969): say that “ the owners of the business
share performance, compare their organization with similar others to
enable them decide either to increase or decrease their share in the
company. Through the use of accounting information, the government can
determine that business are meeting their legal obligation to pay taxes,
contribute social security benefits for their employees and also
satisfy other regulations such as those concerning the registration and
trading of their stock.
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Accounting is like eyes and ears of the management, it is also regarded as the language of business. Each business entity must know what is doing and where it is going financially. Accounting keeps the financial score for a business, it call attention to the problem and the opportunities that comfort the enterprise. Where action in needed, it suggests possible solution or answers. Accounting is an intellectual discipline, we need a working definition, accounting is defined as the act of analyizing evaluating and interpreting an organization financial activities and communicating the result to those who are interested. It can also be defined as the process of identifying, measuring and communicating the result to those who are interested... accounting project topics
ASSESSMENT OF THE EFFECTIVENESS OF ACCOUNTING INFORMATION AS A TOOL FOR MANAGEMENT DECISION