TABLE OF CONTENT
CHAPTER ONE: INTRODUCTION
1.1 Background of the study
1.2 Problem statement
1.3 Purpose of the study
1.4 Significance of the study
1.5 Study hypotheses
1.6 Scope and Limitations of the Study
1.7 Organization of Study
CHAPTER TWO:
REVIEW OF RELATED AND RELEVANT LITERATURE
2.1 Introduction
2.2 Conceptual Review
2.3 Theoretical Framework
2.4 Empirical Studies
CHAPTER THREE: RESEARCH METHODOLOGY
3.0 Introduction
3.1 Research Design
3.2 Sources of data collection
3.3 Determination of Population
3.4 Determination of sample size
3.5 Instrumentation
3.6 Instrument Validation
3.7 Adopted Method of Analysis
CHAPTER FOUR: DATA PRESENTATION, ANALYSIS AND INTERPRETATION
4.1 Introduction
4.2 Data Presentation
4.3 Data analysis
4.4 Data Interpretation
CHAPTER FIVE: CONCLUSION, SUMMARY, RECOMMENDATION
5.1 Introduction
5.2 Conclusion and Findings
5.3 Summary of the Study
5.4 Recommendation
Bibliography
Abstract
The research is an appraisal of financial information as a tool for management decision making. It provides a conceptual and analytical framework of financial information and its role in management decision making. Champions Breweries, Uyo was selected as the case study for the purpose of this research.
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
One of important assumptions in decision making process and improvement economy is existence of quality information. Significant number of this information comes from financial information systems and from financial statements. Financial statements have to provide realistic and objective picture of realistic business condition of certain company. In other words, auditing of financial statements is understandable, by which accuracy is ensured. In context of consideration of financial statements as a function of decision making it is important to emphasize that different users must know how to “read” those statements. “Reading” contents of financial statements provide whole number of different instruments and analyses procedures for understanding business.
A well-established process of management on the basis of the financial statements and financial information is one of the most significant presumptions of the quality business. Decision making process requires information – financial and non-financial information as well. The most important financial information needed in the process of business decision comes from financial.
Therefore, we can say that financial is a service function to management. It, basically, processes or gathers and studies “raw data” and converts them into suitable information in the process of decision making. The basic characteristics of the financial are:
- Gathering, processing and presenting financial (financial) information
- Information considering company’s business
- Those directed towards different interested users
Significant number of this information comes from financial information systems and from financial statements. Financial statements have to provide realistic and objective picture of realistic business condition of certain company. In other words, auditing of financial statements is understandable, by which accuracy is ensured. In context of consideration of financial statements as a function of decision making it is important to emphasize that different users must know how to “read” those statements. “Reading” contents of financial statements provide whole number of different instruments and analyses procedures for understanding business. A well-established process of management on the basis of the financial statements and financial information is one of the most significant presumptions of the quality business. In order to improve the usage of financial information in the context of the decision-making process, we need to analyze financial statements. In that context, we can describe financial statement analysis as the process where we convert data from financial statements into usable information for business quality measurement by different analytical techniques, which is very important in the process of rational management.
Therefore, to know the current level of business quality is very significant in the context of future business management, since we try to ensure company’s development and existence on the market. Financial statement analysis comes before the management process that is before the process of planning which is the component of the management process. Planning is very important for good management. Good financial plan has to consider all company’s strength and weaknesses.
The task of financial statement analysis is to recognize good characteristics of the company so that we could use the most of those advantages, but also to recognize company’s weaknesses in order to take corrective actions. Because of that, we can say that management of the company is the most significant user of financial statement analysis. The research intends to investigate financial information as a tool for management decision making with a case study of Champions Breweries, Uyo.
1.2 Statement of the Problem
The problem confronting this research is to investigate financial information as a tool for management decision making.
1.3 Objective of the Study
- To appraise the nature of financial information
- To determine the nature of management decision making
- To determine the role of financial information in management decision making in Champions Breweries, Uyo.
