ACCOUNTING INFORMATION IN DECISION MAKING IN SMALL-SCALE BUSINESS IN NIGERIA

ABSTRACT This research work entitled “Accounting information in decision making in small scale and medium enterprises in Nigeria” is at exploring the role of accounting information in small-scale firms. The primary aim of any business enterprise is to make profit. The success and survival of any business is a function of its profitability. However, the level of success is to a considerable extent, a function of the number and quality of the accounting records kept and systems in operation. In trying to define a small-scale business or enterprise and its characteristics, the researcher will try to explore the problems, sources of funds and the role/importance of small-scale firms in Nigeria. An attempt will be made to define accounting information and its role in the decision making process. It was discovered that profitability of a small-scale firm is a function of the number of accounting records kept and the qualification of the entrepreneur. The researcher therefore recommends that the entrepreneur should endevour to understand the basis in bookkeeping o as to able to prepare complete and accurate records of transactions. They should equally engage the services of experienced and qualified accounting personnel. Following the above, the researcher concluded that for improved decision making through improved accounting information, entrepreneurs of small-scale firms should endevour to understand and apply basic book keeping or engage the services of experienced and qualified accounting personnel to carry out that function.
TABLE OF CONTENT COVER PAGEI TITLE PAGEII CERTIFICATIONIII DEDICATIONIV ACKNOWLEDGEMENTV ABSTRACTVI TABLE OF CONTENTSVIII
CHAPTER ONE 1.0Background of the study1 1.1Statement of the problem2 1.2Objective of the study4 1.3 Hypothesis formulation5 1.4Significance of the study7 1.5Scope of the study         8 1.6Limitations of the study9 1.7Definition of terms10
CHAPTER TWO LITERATURE REVIEW14 2.0General overview of a business entity14 2.1Alternative form of business18 2.2What is a small scale business20 2.3General characteristics of small business21 2.4Sources of funds23 2.5The role and importance of small-scale business in the economy24 2.6Problems of small-scale business27 2.7Accounting information28 2.8The accounting process30 2.9The accounting information and the decision process32 2.10The function of accounting information in decision making33 2.11The relevance of accounting information in a business organization34 2.12Uses of accounting information35
CHAPTER THREE SUMMARY, RECOMMENDATIONS AND CONCLUSIONS 3.0Introduction37 3.1Findings37 3.2Recommendations 39 3.3Conclusions41 Bibliography43