THE USE OF FINANCIAL ACCOUNTING AS A TOOL FOR MANAGERIAL DECISION MAKING
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- 1-5 Chapters
- Abstract : Available
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- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The study examined the use of financial accounting as a tool for managerial decision making, a Study of Access bank PLC.
This study adopted a descriptive survey design. The purposive sampling was used to choose two hundred (200) employees from Access bank, Shagamu, in Ogun.
The study was conducted using a mixed method approach (defined under “research design”), analysis was done using Statistical Package for Social Sciences (SPSS) and coding/theming. SPSS was used.
Findings from this study reveal that there is a significant relationship between cash flow analysis and managerial decision making. Results further reveal that there is also a significant relationship between marginal costing and managerial decision making. Finally, the output show that there is no significant relationship between standard costing and managerial decision making.
The study concludes that financial accounting tools as a significant impact on managerial decision making, the study hereby recommend that; Financial accounting tools should always be utilized; It is necessary to apply managerial accounting tools to make effective management decision by the manufacturing organizations operating in Nigeria; Organizational decisions should be guided by the outcome of an effective financial accounting processes.
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