The use of accounting information in assessing control and performance in an organization (A case study of first bank of Nigeria owerri) Department: Banking and Finance By: emeka1234 Project ID: 185 Rating: (3.0) votes: 160Rate this project12345 Price:₦1000 Get the Complete MaterialAbstractA clean understanding of managerial functions is very important for the accountant who must provide the necessary information which managers need to perform their functions. In a modern competitive economy the availability of relevant, timely and accurate information especially for planning controlling pricing and other decisions are the immense concerns to modern managers. Accounting provides information for decision making in any organization, information is very vital and indispensable for the success and survival of any organization. The concept of information in organization is more complex and difficult than the frequent use of this common word would suggest. Accounting information which is tool that provides information that can be sued by all non professionals as well as professionals who are willing to sue it properly to form a bank and information requirement in management decision making for a company to ensure and establish its existence, as a going concern it must aim at a food profitability scheme, profit optimization. This can only be achieved through efficient use of accounting information. Hence, this research work is prepared to show the need or ways in which accounting information serve as an aid to banks banking sector in decision making. In order to accomplish this research work, various types of data collection methods were adopted such as distribution of questionnaires, interviews and observations method which were basically adopted for both primary and secondary data. Also table and judgment techniques were used to analyses the data collected to prove the importance of use of accounting information as an aid to managerial decision making in banks banking sector. There was also a test of hypothesis where a decision rule was taken to reject the null hypothesis. In the course of this research, the researcher discovered some problems which militated against effective and efficient performance of banking sector ranged from the interpretation of data information to decision making. However, some recommendations were offered as to improving the supply and use of accounting information in assessing control and performance. ...Preview Download Preview +Other Banking and Finance project topics and materials you might be interested in»The role of central bank of Nigeria (CBN) in the development of Nigeria financial sector»Appraisal of the economic implication of electronic banking in Nigerian banks (A case study of diamond bank)»The impact of strategic planning on banks performance in Nigeria (A case study of united bank for Africa plc)»Evaluation of the impact of liquidity management on banks performance in Nigeria ( A case study of UBA )»The roles of central bank of Nigeria in the prevention of bank failure or liquidation (A case study of central bank of Nigeria 2005-2009)»The role of financial institutions in promoting banking habit and saving capital formation in Nigeria»The effect of electronic banking on fraud reduction in bank (A case study of access bank plc)»The effectiveness of monetary policy measures in controlling inflation in Nigeria»Problems and challenges facing finance houses in the Nigerian economy ( A case study of mortgage bank owerri )»The role of deposit money bank in Nigeria in economy development in Nigeria - a case study of Access Bank Plc»Motivation as a way of reducing fraud in banking industry ( A case study of UBA and Fidelity bank )»Identification and management of bad debts in Nigeria commercial banks(A case study of UBA plc)»The impact of insurance industry on the economic growth of Nigeria (A case study of nicon and hallmark insurance companies 2005-2009)»The contribution and effect of computer to modern day banking in Nigeria (A case study of zenith bank and first bank plc)»The use of accounting information in assessing control and performance in an organization (A case study of first bank of Nigeria owerri)