THE EXTENT OF RELIANCE ON FINANCIAL ACCOUNTING INFORMATION FOR EFFECTIVE BUSINESS AND FINANCIAL DECISION IN CORPORATE ORGANIZATION. (CASE STUDY OF FIRST BANKS OF NIGERIA PL )

ABSTRACT The study was directed towards examining the extent of reliance of financial accounting information for effective business and financial decision in corporate organisation in Nigerian. (A Case study of First Bank of Nigeria PLC) In carrying out the examination, Certain problems were identified.  These problems included the fact that some business are managed Ineffectively, In their words regardless of the information content of financial statement. Secondly, some organizations may unknowingly employ Incompetent and unskilled manpower in sourcing financial accounting information. The objective of the study Include factors which may constrain or promote the effective use of financial accounting information, analysing impact of and roles of  financial accounting information ascertaining whether there is a direct relationship between financial accounting information and the decision made in corporate organizations, identifying the information derived from financial accounting, with these objectives in mind, two hypotheses were formulated, the first hypothesis is that financial accounting  information has contributed to effective decision making in First Bank of Nigeria PLC and the information content of annual financial statement of the bank is effective. The descriptive research approach was chosen for this study and both primary and secondary data sources were explored.  Two sets of questionnaire were distributed and in analyzing the data generated, simple percentage, statistical tables and chi-square were used. After data analysis, it was discovered that financial accounting information has contributed of effective decision making in the bank.  It was  also discovered that the information content of annual financial statement is the organization is effective. Other findings made include that inconsistent accounting policies and reporting practices  make Comparison of the performance of organizations difficult, the level of information given in financial statement is highly reliable. At the end of the study answers were provided to some basic questions such as: -How reliable is the level of information in financial statement ? -The rate of effectiveness of financial accounting information in achieving organizational objectives. -Whether organizations rely mainly on financial accounting information for making business and financial decision.
TABLE OF CONTENTS COVER PAGE-------i TITLE PAGE-------ii APPROVAL PAGE------iii DEDICATION------iv ACKNOWLEDGEMENT -----v ABSTRACT-------vi TABLE OF CONTENTS -----vii
CHAPTER ONE 1.0INTRODUCTION 1.1Statement of problems 1.2Objectives of the Study 1.3Significance of the study 1.4Research  Hypothesis 1.5Scope and limitations of the study 1.6Definitions of terms.
CHAPTER TWO: 2.0REVIEW OF RELATED OF RELATED LITERATURE 2.1The nature of accounting Information in First bank of Nigeria Plc. 2.2Its Financial accounting processes. 2.3Its accounting Standard 2.4Its accounting statement 2.4.1Balance sheet 2.4.2 Income statement 2.4.3 Analysis of Financial Statement  2.5Financial accounting Information and decision making in first bank of Nigeria. 2.6The nature of decision making. 2.6.1Classification of decision making process in first bank          of Nigeria Plc. 2.6.2 Level of information available for decision making in            first Bank of Nig Plc. 2.6.3 Effective decision  making 2.7Accounting as language of Business 2.7.1 Users of Accounting information 2.7.2 Characteristics of good information 2.8Basic Accounting Concepts. 2.9The Financial Accounting Branch.
CHAPTER THREE 3.0RESEARCH DESIGN AND METHODOLOGY 3.1Introduction  3.2Sources of data 3.2.1 Primary data sources 3.3.2 Secondary  data sources 3.3Research methodology of approach 3.4Research instruments 3.5Sample selections 3.5.1 Statistical determination of sample size. 3.6Method of questionnaire allocation. 3.6.1 Allocation of questionnaire among First Bank of Nig.             Plc for managers. 3.7Contact Method. 3.8Method of data analysis 3.9Method testing hypothesis 3.10Decision rule. REFERENCES
CHAPTER FOUR 4.0PRESENTATION ANALYSIS AND COMPUTATION OF DATA. 4.1Introduction 4.2Allocation and rate of returns of questionnaire 4.3Analysis of data from questionnaire 4.4Interpretation of results 4.5Testing of hypothesis
CHAPTER FIVE 5.0SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION 5.2Summary of findings 5.3Conclusion  5.4Recommendation  Appendices  Shareholders questionnaire Bibliography.