THE ROLE OF ACCOUNTING INFORMATION IN MANAGEMENT DECISION MAKING (A CASE STUDY OF MAX ALUMINUM COMPANY LIMITED PLC IN OWERRI, IMO STATE)

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THE ROLE OF ACCOUNTING INFORMATION IN MANAGEMENT DECISION MAKING (A CASE STUDY OF MAX ALUMINUM COMPANY LIMITED PLC IN OWERRI, IMO STATE)

ABSTRACT

Information as a life wire of any organization is very vital decision making manufacturing companies take decision concerning Production, pricing and marketing. Consequently, it is vital that relevant, timely, reliable, consistent and adequate information needed is available for managerial decision in order to run the organization effectively and satisfy interested parties.This study is aimed at finding out the extent to which manufacturers use accounting information and whether there is any positive relationship between the effective use of accounting information and the quality of decision in manufacturing companies.This study was carried out on one of the manufacturing companies called “max aluminum PLC, OWERRI, IMO STATE.”Data collected through the use of personal interview and questionnaires were sourced primary from field work.  The sample size of this study was 38 using the best of judgment method. However, 35 questionnaires were returned.Data collected were compiled and analyzed in tables using simple percentage method, while chi – square was used for calculation and test of hypothesis. From the study, it was observed that manufacturing companies make use of accounting information in decision making which has positive relationship with the quality of decision of the firms. Finally, a proper keeping of accounting records should be encouraged from which accounting information will be drawn for decision making process.

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