TABLE OF CONTENTS
LIST OF TABLES
1.1 BACKGROUND OF STUDY
1.2 STATEMENT OF PROBLEM
1.3 OBJECTIVES OF THE STUDY
1.4 RESEARCH OF THE STUDY
1.5 SIGNIFICANCE OF THE STUDY
2.1 LITERATURE REVIEW
2.2 ACCOUNTING AS A LANGUAGE OF BUSINESS
2.3 USERS OF ACCOUNTING INFORMATION
2.4 CHARACTERISTICS OF GOOD INFORMATION
2.5 MANAGEMENT OF INFORMATION
2.6 BASIC ACCOUNTING CONCEPTS
3.0 RESEARCH DESIGN
3.1 AREAS OF STUDY
3.2 POPULATION OF THE STUDY
3.3 SAMPLE AND SAMPLING TECHNIQUE
3.4 INSTRUMENTATION AND VALIDATION OF INSTRUMENT
3.5 INSTRUMENT FOR DATA COLLECTION
3.6 METHODS OF INVESTIGATION
3.7 METHOD OF DATA ANALYSIS
4.0 PRESENTATION AND ANALYSIS
4.1 PRESENTATION AND ANALYSIS OF DATA
4.2 OTHER ANALYSIS
4.4 ANALYSIS OF ORAL INTERVIEW QUESTION
5.0 RECOMMENDATION AND CONCLUSION
5.1 DISCUSSION OF THE RESULTS
Financial accounting encompass activities related to the preparation of certain reports, which is known as financial statement. These statement reports the financial position of a firm at a particular time, the firms activities and resulting profit or losses during the most recent period, and the flow of resources occurring within the firm during the same period.
WALGERNBAC and Co (19) defined financial Accounting as the process of (1) recording (2) Classifying (3) Reporting and interpreting the financial data of an organization.
Following this definition, financial accounting is faced with three major roels recording, classifying and reorting financial data of an organization or business. In recording financial accounting is engaged with the role of taking note of all he financial activities that takes place in the business.
Classifying includes the grouping of these activities in uninformity while reporting is concerned with the preparation of reports known as financial statements.
These statement reports the financial position of a business at a particular time, the forms activities and resulting profit or loss and source and application of fund of the firm at the most recent period.
However, the question arises what are the effects of these financial accounting reports on the management of a business? The answers to this pose a problem which they seek to solve. Not every business person comprehend the importance of financial accounting information of the management of their business. Some manage the business instinctively, others like traffic defaulter who disology road signs, disobey the waring communicated by financial accounting information and end up in business accident.
There are other sources of information, which have impact on the management of a business and the combination of these source given an information system in its complex nature.
As Frank Wood puts it: It must not be thought that accounting of any firm is the management control system through, which both manager and external user get a picture of the organization as a total entity.
Moreover, financial accounting information usually comes in a diswished form by “wearing the cloak of technicaties. Such technicaties include calculation which need expert knowledge in its interpretation. But some business, due to financial incapacity cannot employ such expert they tend to over look financial accounting information system which has an effect on the management of any business concern, the problem is to all business known this, this the question that the researcher seeks answers.
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