Role of Accounting Information System in Financial Decision-Making in Makurdi Local Government Area
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Background of the Study
Financial decision-making in local governments is vital for ensuring the efficient use of resources and the successful implementation of developmental projects. In Makurdi Local Government Area (LGA), the management of financial data remains largely manual, which can lead to inefficiencies, delays, and poor decision-making. The implementation of an Accounting Information System (AIS) can significantly improve financial decision-making by providing timely and accurate financial information.
Statement of the Problem
Despite the potential benefits of AIS in improving financial decision-making, Makurdi LGA continues to rely on traditional accounting methods that may hinder efficient financial management. This study aims to assess the role of AIS in supporting better financial decisions within the local government, ensuring the optimal allocation of resources.
Aim and Objectives of the Study
Aim: To evaluate the role of Accounting Information System in financial decision-making in Makurdi Local Government Area.
Objectives:
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To examine the current financial decision-making processes in Makurdi LGA.
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To assess the impact of AIS on the efficiency of financial decision-making in the local government.
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To explore the relationship between AIS usage and improved financial outcomes in Makurdi LGA.
Research Questions
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How is financial decision-making currently managed in Makurdi LGA?
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What role does AIS play in enhancing the financial decision-making process?
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How does AIS influence the financial outcomes and management in Makurdi LGA?
Research Hypothesis
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H₀: There is no significant relationship between the use of AIS and the improvement of financial decision-making in Makurdi LGA.
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H₀: The implementation of AIS does not significantly enhance the financial outcomes in Makurdi LGA.
Significance of the Study
This study will provide insights into how the adoption of AIS can improve financial decision-making in Makurdi LGA, which could lead to better resource allocation, budgeting, and financial planning. The findings could serve as a guide for other LGAs looking to enhance their financial management practices.
Scope and Limitation of the Study
The study will focus on the financial decision-making processes in Makurdi LGA and how AIS has impacted these processes. Limitations may include access to detailed financial records and data related to decision-making outcomes.
Definition of Terms
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Financial Decision-Making: The process of planning and managing financial resources to meet the goals and objectives of an organization or government.
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Accounting Information System (AIS): A system that processes and manages financial data, providing useful reports and insights to support decision-making.
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