ABSTRACT
Efforts have been made by organizations to rectify the
problems fund in this firms pertaining to decision-making. Some decisions have
altered the requirements of the firms objectives and goals. This work is sought
to appraise the use of management accounting to information in decision making
of mainly the manufacturing industries. A hypothesis showing that management
null hypothesis showing that management accounting information is not effective
and efficient in business decision making while the alternative hypothesis said
management accounting information is relevant for effective and efficient
decision making. Some research findings were made showing how needful
management accounting information is. In order to analyzed and present the data
instrument like personal interview and questionnaire were highlighted. The
research dispatched forty questionnaires of which twenty five where returned
and use. Hypothesis was tested using shi-square method. It was proved that
management receive insufficient accounting information of which improvement is
required in view of the above that can only be useful and effective if it is
timely and relevant. Management should endeavor to employ more qualified
accountants.
TABLE OF CONTENTS
Title page
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– – i
Approval page
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– – ii
Preference – –
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iii
Dedication – –
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iv
Acknowledgement –
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v
Abstract – – –
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vi
Table of contents
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– vii
CHAPTER ONE
1.0 Introduction
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– 1
1.1 background of the study – –
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2
1.2 Statement of the problem –
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– 4
1.3 objectives of the study –
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– 5
1.4 Research questions –
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– 6
1.5 Significant of the study –
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– 7
1.6 Statement of the hypothesis –
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8
1.7 Scope of the study
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9
1.8 Limitation of terms. – –
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– 9
1.9 Definition of terms
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– 11
CHAPTER TWO
2.0 Literature review
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14
2.1 What is management accounting –
– – 14
2.2 Management accounting information –
– 16
2.3 Management need for information –
– – 17
2.4 major features of management accounting – –
18
2.5 Decision making and management accounting –
20
2.6 Types of Decision making –
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– 21
2.7 Importance of management decision making – 23
2.8 Objectives of Decision making process –
– 24
2.9 Steps in decision making – –
– – 24
2.10 Accounting information and management in
Decision making
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32
2.11 Techniques in decision making –
– – 37
2.12 Functions of the management accounting –
46
2.13 Problems of the use of accounting –
– – 47
CHAPTER THREE
3.0 Research methodology and design –
– 49
3.1 research
design – –
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– 49
3.2 Sources/methods of data collection –
– – 50
3.3 population and sample size –
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52
3.4 Sample technique
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52
3.5 Validity and reliability of measuring instrument 53
2.6 Method of data
analysis – – –
– – 55
CHAPTER FOUR
4.0 Presentation and analysis of data –
– – 58
4.1 Test of hypothesis
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80
4.2 Interpretation of result(s) –
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– 87
CHAPTER FIVE
5.0 Summary, conclusion and recommendation – – 90
5.1 Summary –
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– 90
5.2 Conclusion
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– 91
5.3 Recommendation
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– – 92
References –
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– – – 95
Appendix – –
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– – – 97
Questionnaire –
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– – – 98
CHAPTER ONE
1.0 INTRODUCTION
Management has been described as a process by which systems
are administered Igbochi (1990) stated the transformation of resource inputs to
produce output give more logical reason for the existence of the management. On
the other hand, management can be looked upon as a body of knowledge
representing what managers do.
Management generally is a process composed of functions that
are inter related and inter dependent. Administratively, the managerial
functions involves planning, and controlling, staffing and motivating under
planning.
The management of every business organization has two major
objectives to pursue in order to ensure the continued existence of the
business. The first is to maximize profit, and the other is to maximize wealth
that is to stay solvent, or to have sufficient cash to settle debts as they
fall due.
The management accounting sees that all the necessary
information required by the manager for decision making is supplied.
Decision making has been described as a purposeful choosing
from a number of alternative courses of action. In deciding which alternative
to choose, the manager will desire all the information which is relevant to the
decision and then have some criterion on the basis of which he can choose the
best alternative. Although, the information needed by the manager is being
supplied, its has been less enthusiastic, and hence this research is aimed at
findings information under utilization.
1.1 BACKGROUND OF THE STUDY
From the beginning in 1992 Dauphin Nigerian limited has
establish into a successful manufacturing concerned, special thanks to Sir
Chima Emeyeonu, who had the incited to
foresee the potential of a vast market for locally produced leader products such as ladies hand
bags, all kind of suitcases, leader sandals, both in Nigeria and sub region.
Over the years, the company has diversified and expanded its
operation to include the production of gum adhesive polythene and synthetic
products. It is also involves in a hotel business.
The company has some factories in Lagos. However the
manufacturing of its products are carried out. The company has its
administrative head office situated at no 83 Hire, Road Surulere, Lagos State.
The company also has over two hundred employees in its manufacturing sites in addition to about
twenty staffs at its head office. Dauphin Nigeria Limited is a very typical
example of a modern manufacturing concern, hence is selected as a case study of
this research.
1.2 STATEMENT OF PROBLEM
One of the most functions of management is to make decision
making. However, the acquisition and proper utilization of accounting
information has always been faced with problems which are out lined as follows
Accounting information are some times provided by people who
lack management expertise. They are inexperienced and unqualified persons and
therefore cannot form the basis of management decision.
Some of the information provided by the management
accountants are not timely and relevant. There is no detailed understand of the
business concern and no presentation of information as well enable the managers
not to waste time on routine activities.
Accurate and timely accounting information are provided,
managers do not make adequate use of the information provided by which
reference can be drawn also create a problem.