1.1 BACKGROUND OF THE STUDY
According to Reece, (1975), the accounting profession essentially involves the supply of information to decision makers. Hence, it is not surprise that accountants have always been involved in many information related problems. The need for this involvement is underscored by the avowed aim of accounting which according to the American association committee to prepare A statement of basic accounting theory (SOBAT, 1961).
SOBAT, (19610, described Accounting as the provision of relevant economic information to permit informed judgment and decision by users of the information.
The attainment of this objective, necessarily, requires both the identification as well as the disclosure of adequate amount of information considered relevant by the users.
Financial accounting covers those activities related to the preparation of certain reports which are known as financial statements. These statements report the financial status of the firm at a particular time the firms activities and resulting profits and losses during the most recent period, and the flow of resources occurring within the firm during the same period.
Information, according to Reece, (1975) is a fact, datum, observation, perception or any other thing that adds to knowledge.
According to Joan, (1978), information is the information is the life wire of any organization. He further said that the success of any organization whether profit or non-profit oriented depends particularly on how the information needs of the different levels of management are met.
Information can either be quantitative or non quantitative and out of many quantitative information, accounting is one. It is distinguished from other types of information because it is usually expressed in monetary terms, though non-monetary information are also often contained in accounting reports in order to enhance the understanding of the manager.
Joan, (1978) affirmed that accounting information serves various uses; these users have different decisions to make and consequently, their information often differ.
In order that accounting information may be most useful, it is adapted to the particular needs of users.
-Shareholders and investors whose main concern is with the value of the capital investment and expected dividend.
-Management whose planning, controlling and decision making functions would be highly ineffective without quality information. Financial reports are also an indication of management efficiency.
-Creditors and potential creditors such as bankers bondholders, suppliers of goods and services they deduce from accounting information, the profitability and financial soundness of the business to enable them decide whether to expand or decrease financial commitment in the business.
-Government, in order to calculate the company’s tax liabilities, regulates rules and evolve policies through the use of accounting information.
Employees who seek assurance of steady employer to ensure how frequently they would participate in company’s bonus, profit sharing and pension plans.
May, 1980, described that decision making is the process of choosing from among alternative courses of actions, conclusion and so forth, according to some criterion or criteria adopted by decision-making is the prime job of managers. And for as long as men have been striving together to accomplish tasks of making decisions about scare resources in uncertain situations, management has been practiced, and information has been necked.
Making sound decisions is clearly an extremely important management function since they provide a basis for policy formulation and effect both the short and long term effectiveness of an organization.
Typically, a wide range of possible solutions and decisions can be found, and one of the managers key roles is to weight up these alternative opportunities and select. This is as result of the fact that he often has to make decision within the frame-work of his resources, directives from his superiors and the time scale available. Therefore, to make sound decision depends, in the first place, on the manager having a clear picture of what he is trying to achieve or what the problem entails.
To emphasize the importance of accounting information to the business management has only been made possible by accounting information. Inevitably, business is financially oriented; it a process of using money to make money. No management can escape having to pay out money for materials and services so as to be able to collect money in due course from the sale of its own products or services. No management can avoid the necessity if it is to stay in business, for making a profit through an excess money income over money outgo. And no management can succeed in doing this without accounting information for use in planning and control.
Historically, Nigerian Breweries Plc which was established in 1946 at Lagos. It started production in 1949 producing star beer. As at then it was wholly owed by Holland. It was in 1973 that the indigenization decree made it possible for Nigeria to own 60% in the brewery. They are Lagos plant Head quarter, Ibadan, Kaduna, Aba and Nineth mile plant.
TABLE OF CONTENTS
Title page
Approval page
Dedication
Acknowledgement
Table of contents
List of table
Proposal
CHAPTER ONE: INTRODUCTION
1.1 Background to the study
1.2 Statement of problem
1.3 Purpose of the study
1.4 Scope of the study
1.5 Research questions
1.6 Hypothesis
1.7 The significance of the study
CHAPTER TWO: LITERATURE REVIEW
2.1 Definitions and basic accounting concepts
2.2 Accounting information and marketing management decision
2.3 Accounting information and production lines
2.4 Accounting information and capital investment policies
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Research design
3.2 Area for the study
3.3 Population of the study
3.4 Sample and sampling procedure
3.5 Instrument for data collection
3.6 Validation of the instrument
3.7 Reliability of the instrument
3.8 Administration of the research instruments
3.9 Method of data analysis
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
4.1 Data analysis and empirical test of hypothesis
CHAPTER FIVE
5.1 Discussion of results
5.2 Conclusion
5.3 Recommendation
5.4 Implication of the research finding
5.5 Suggestion for further study
5.6 Limitation to the study
APPENDIX A
APPENDIX B
REFERENCES
APPENDIX C