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1.1 BACKGROUND OF THE STUDY According to Reece, (1975), the accounting profession essentially involves the supply of information to decision makers. Hence, it is not surprise that accountants have always been involved in many information related problems. The need for this involvement is underscored by the avowed aim of accounting which according to the American association committee to prepare A statement of basic accounting theory (S […]
42 Pages
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9,515 Words
INTRODUCTION 1.1 BACKGROUND OF STUDY One of the most effective uses of accounting information is decision making. Decision making has being described as a purposeful choosing from a number of alternative causes of action. The accounting information provides managers with the necessary information they need. In this case, it is the accountants that provide the information with which the management uses for its decision making. Manageme […]
30 Pages
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10,354 Words
INTRODUCTION 1.1 BACKGROUND OF THE STUDY Every commercial bank targets the attainment of its desired objectives. They therefore aim towards efficiency and proper effectiveness in conducting its affairs. However, the level of this efficiency and effectiveness of any bank or the extent to which it is able to achieve its desired goals depends to a large extent on the quality of the available accounting information and on how the bank uti […]
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1.0 INTRODUCTION This project is aimed at looking into the accounting profession in details and examining its role in societal development. A study of the evolution of accounting suggests that accounting processes are reactive because they have developed primarily in response to business needs. Also the development of accounting process has been related to economic progress and societal development of a country. History shows that the […]
73 Pages
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INTRODUCTION 1.1 BACKGROUND OF THE STUDY Before now, business Success was built on the ability to move goods and services with speed and accuracy. Today, information has become the fuel that powers business Success .In contemporary Cooperate world, information technology is deployed to gain competitive edge. Information technology has been defined as the processing and distribution of data using computer hard ware, software, telecommun […]
72 Pages
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8,964 Words
Accounting generally involves the process of identifying, measuring and communicating economic information to permit informed judgment and decisions by users of the information, in order words, accounting is concerned with providing information, which will help decision makers to make good decision. To enhance credibility and reliability of the information for decision making process established concepts, principle, standards and legal […]
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10,650 Words
Accounting information has contributed to the rapidly growing environment in that the management must update themselves with every current information. That will help in achieving their objectives and help them in decision making. Accounting information helps the management in planning and evaluation of the information as it is served as data organized for a special purpose of decision making.