TITLE PAGE i
ONE: BACKGROUND OF THE STUDY
1.0 INTRODUCTION 1
1.1 STATEMENTOF THE PROBLEM 3
1.2 PURPOSE OF THE STUDY 3
1.3 SIGNIFICANCEOF THE STUDY 4
1.4 RESEARCH HYPOTHESESS 4
1.5 SCOPE AND DELIMITATION 6
1.7 DEFINITION OF TERMS 6
TWO: LITERATURE REVIEW
2.0 THE HISTORY OF ACCOUNTING 8
2.1 ACCOUNTING CONCEPTS AND CONVENTIONS 9
2.2 ROLES OF ACCOUNTING 12
2.3 BRANCHES OF ACCOUNTING AND THEIR
2.4 QUALITIES OF A GOOD ACCOUNTING
THREE: RESEARCH METHODOLOGY
3.0 INTRODUCTION 20
3.1 RESEARCH DESIGN 20
3.2 POPULATION OF THE STUDY 21
3.3 SAMPLE AND SAMPLING TEACHNIQUE 21
3.4 RESEARCH INSTRUMENT 22
3.5 ADMINSTRATION OF INSTRUMENT 22
3.6 DATA COLLECTION 23
3.7 DATA ANALYSIS 23
3.8 VALIDITY OF THE INSTRUMENT 24
3.9 RELIABILITY OF THE INSTRUMENT 24
FIVE: SUMMARY, CONCLUSION AND
5.0 SUMMARY 38
5.1 CONCLUSION 39
5.2 RECOMMENDATION 40
5.3 LIMITATION OF THE STUDY 41
5.4 SUGGESTIONS FOR FURTHER STUDY 41
BACKGROUND TO THE STUDY
In the world
today, record keeping is very necessary in any business organization, this
leads to accounting.
Accounting can be defined as the application
of professional knowledge in the field of cost analysis and cost accounting to
provide necessary information that is useful to the management in the exercise
of their decision making, duties and functions.
also a process of collecting data analysis and presentation of information for
the purpose of assisting the management in effective decision making.
extends far beyond actual making up of records, it is concerned with the use of
records to compute the analysis and interpretation, studying the various
alternatives open to the firm and using this accounting experiences in order to
aid management decision making as information has value if it is used
judiciously for decision making and utilized by individuals.
As a result,
the requirement of each individual and the relevance of the information to be
provided should be that which is within the understanding and control of
decision making process.
generally serves as a mirror which shows to the outside world the image of an
It enables the
final consumers of the report to take proper decision.
Account is all
about accountability most organizations are externally accountable in some ways
for their actions and activities. They will produce reports on their activities
that will reflect their objectives and the people to whom they are accountable
OF THE PROBLEM
Due to vital
roles played by accounting in management decision making process, the researcher
tends to find out those causes that hinders accounting and to highlight the
implication of accounting towards decision making.
OF THE STUDY
The purpose of
this research project is to review and to evaluate the performance of the organisation
as regards to accounting as an aid to decision making with particular reference
to its functions and the role as its relates to the industrial sector of the
To examine to
what extent these functions and objectives for which the decision making was
established and how far it has been achieved.
examine the areas of problems such as “bottleneck” in accounting to achieve
examine areas such as operational policies and orientations, disbursement
procedures, interest charges on account and other commitments.
wishes to make the following hypothesis:
HO1: Are there any relationship between accounting
as a tools and the decision of the management.
there any relationships between accounting as profession?
H O2: Are there any relationship between the
accounting department and other departments?
H O3: Are there any relationships between records
keeping and accounting as a profession?
OF THE STUDY
will be of great significance in so many ways in the following aspects:
will reveal some of the work carried out in the past in specific area of study
i.e accounting as an aid to decision making.
will also provide an indepth information on how accounting tools can be used in
increasing, analyzing, recording and presenting human resources investment and
all cost associating to accounting.
will also help to highlight some ways in which management information can be
valued in monetary terms and be included in annual financial statements.
This study is
also important in the area of revealing all the associated costs of accounting
and how they can be controlled through techniques.
OF THE STUDY
work is directed to examining the relevance of accounting to management
decision making in tertiary institutions in Nigeria.
are so many tertiary institutions all over the country it is therefore not
possible to carry out a research on all tertiary institutions in the country.
As a result, this research has been limited to Lagos state university to
represent all the tertiary institution in Lagos state.
The activities of recording and reporting on the movement of money, stock or other
human financial activities.
Statement: They are made up of balance sheet, profit and
loss account, cash flow statement, notes and other statements which
collectively are intended to give a true and fair view of the financial
position and profit and loss.
Assets are economic resources from which benefits can be obtained by the owner
whether immediately or in the future e.g land, buildings, equipment, plant and
machinery. It could be fixed, current and fictious in nature.
It is a convention valuation concepts used in accounting. Resources are valued
in accountancy with their acquisition cost by the enterprise.