Impact of accounting information for management decision making

Abstract

The need for information is basic for concrete and explicit management decision to ensure the success and survival of an organization and since the aim of any business organization is “profitability” Accounting information is indispensable to achieving this goal. Hence, this research work studies how effective and efficient the instrument of good accounting information is in decision making in an organization. It also looks at the importance of good accounting information as it relates to maximizing the profitability target of an organization. Despite the huge information provided to the management of the selected tertiary institutions, management deviates from the set objectives. The purpose of this research work is to find out the impact of the use of accounting information in decision making in the tertiary institutions and to identify the cause of failures in education sector by providing possible solutions. Organisation should eradicate weak accounting systems by making sure that every staff in the Accounts Department is co-operative and fully conscious of his or her role in the department so as to produce good accounting information.