Thesis Abstract

Abstract
Financial accounting reporting plays a crucial role in influencing managerial decision-making within organizations. This research project aims to explore the effects of financial accounting reporting on managerial decision-making processes. The study will investigate how financial information presented in accounting reports impacts the choices and strategies adopted by managers in various business scenarios. The research will employ a mixed-methods approach, incorporating both quantitative analysis of financial data and qualitative assessment through interviews and surveys with managers. By examining real-world cases and scenarios, the project seeks to provide a comprehensive understanding of the relationship between financial accounting reporting and managerial decision making. The findings of this research are expected to contribute significantly to the existing body of knowledge in the fields of accounting and management. Understanding the effects of financial accounting reporting on managerial decision making can help organizations improve their reporting practices to better support strategic decision-making processes. Additionally, the research aims to highlight the importance of clear, accurate, and timely financial information for managers to make informed decisions that drive organizational success. The implications of this study extend beyond individual organizations to the broader business environment. By shedding light on how financial accounting reporting influences managerial decision making, the research can help policymakers and standard-setting bodies develop frameworks that enhance the relevance and reliability of financial reporting for decision makers. Overall, this research project seeks to bridge the gap between financial accounting reporting and managerial decision making by providing empirical evidence and insights into this critical relationship. By examining the impact of financial information on managerial choices, the study aims to offer practical recommendations for organizations to improve their reporting practices and empower managers to make more effective decisions.

Thesis Overview

INTRODUCTION1.1 BACKGROUND OF THE STUDYFinancial reports provides an overview of a business profitability and financial condition in both short and long term. They are necessary sources of accounting information about companies for wide variety of users. In. every business, there, needs information. This information needs ranges from financial, production, marketing etc. Generally, the larger the organization the greater the management need for information. Financial report plays a vital role in decision making process of business organizations. The main purpose of financial repots is the provision of financial information as a record making. It has been said that accounting is the language of business. It might also be said that the ability to apply accounting knowledge is critical to success in business: A business prepares various report at the end of each fiscal period. This report summarizes the changes that have taken place during the period. For this financial report to be useful, the data be presented in such a way that the user will recognize, Similarities, differences and trends form one period to another to enable them make decisions. The accounting information contained in the financial reports enables management to make more inform decisions. Financial reportshould provide adequate information in all areas of organization and economic activities; it should be able to disclose clearly the nature and accurate accounts of the transactions fun which the true and fair view financial position of the organization can be ascertained. Financial reports serve a lot of useful purpose to different users namely, shareholders, Creditors, Banks, government agents, employees, potential investors and the management of the entity it self. The above identified groups of persons rely on the information supplied by the given firm through financial reporting in which they have interest to ascertain the organization‟s state of affairs which serves as an important guide in deciding the extent to which they commit their fund. It is the -communication of financial information useful for decision making such as investment, credit and other business decisions” such communication include, general. Purpose financial statement, balance sheet, equity report, cash flow reports and notes to these statements.1.2 STATEMENT OF THE PROBLEMThe problem of this research is that, the management does not know the various ways of presenting financial accounting reporting, which often affects managerial decision making. There are no proper allocation of resources of the organization which leads to non-achievement of theprofit maximization objective. Also the inability of the management to recruit trained and professional personnel, as a result, the quality of the decision made by this organization are very poor.1.3 OBJECTIVE OF THE STUDYThe research work covers the effect of financial accounting reporting on managerial decision making. The studies have the following objectives: To know whether the various ways of presenting financial accounting reporting have any effect on managerial decision making in the company. To examine the attitude of management in the allocation of resources which often leads to achievement of profit maximization objective.To determine the level of which management recruit trained and professional personnel which leads to quality decision making.1.4 RESEARCH QUESTIONSBased on the objectives, the following research questions were developed:Does the various ways of presenting financial accounting reporting have any effect on managerial decision making of the company?What are the attitude of management in the allocation of resources which often leads to profit maximization objective?To what extent does management recruit trained and professional personnel which leads to quality decision making?1.5 STATEMENT OF HYPOTHESISBecause of the above research questions, the following hypotheses were formulated.HYPOTHESES 1HO: The various ways of presenting financial accounting reporting does not have effect on managerial decision making of the company.HI: The various ways of presenting financial accounting reporting have effect on managerial making of the company.HYPOTHESIS 2HO: There are no proper allocation of management resources which often leads to profit maximization objective.HI: There are proper allocation of management resources which often leads to profit to profit maximization objective.HYPOTHESIS 3HO: Management does not recruit trained and professional personnel which leads to quality decision making.HI: Management recruit trained and professional personnel which leads to quality decision making.1.6 SIGNIFICANCE OF THE STUDYThe significance of this study is that, it shows the effect of financial reports in the operation of the organization. This research is beneficial to internal and external users of financial report. The financial of this research will help managers determine the method of financial needs that will help in realization of their corporate objectives. The study will help the management to know the experts (accountants) that will be able to prepare an annual report that will enable the management to make well-informed decision that will enhance profit maximization. It will enable the external users to know whether the organization is making profit in coder to invest more. Thi0s study will also serve us resource material for other researchers for further research in related areas.1.7 SCOPE AND LIMITATION OF THE STUDYThe research work covered the whole of Enugu State manufacturing companies, but due to certain constraints the research is restricted to Nigeria Bottling Company PLC. Thus, the research investigate the effect of using financial reports in making management decisions.The limitation of this study is the time factor. Since the researcher carried out the research of the same time with her studies, there was limited time for to cover all the necessary areas of the research study. And also lack of audience from the despondence.1.8 DEFINITION OF TERMS ANNUAL REPORTThis is a comprehensive report on a company’s activities throughout the preceding year. Annual reports are intended to give shareholders and interested people information about the company‟s activities and financial performance.MANAGERIAL DECISION: This is the decision concerning the operating of the firm, such as the choice of the firm size, firm growth rate, and employment.INFORMATION: This can be seen as data which have been processed into a form meaningful to the recipient (receiver)ORGANIZATION: Is an organized body of people working together for the pursuit of a particular purpose (s) called organization goals.REFERENCESIgben, R. (2009). Financial accounting made simple, Lagos: Roi publication.William, L. (2008). An introduction to financial management. London: McGraw -Hill Publication.