Abstract
In the contemporary business world, the role of accounting information in making or marring a business cannot be overemphasized. Recent worldwide advances in manufacturing technologies have brought about a metamorphosis in industry. This paper established the relationship between accounting information and managerial decision making in the manufacturing industry in Nigeria. The study was guided by the following research objectives; to establish the relationship that exists between accounting information and production decisions; to evaluate the relationship that exists between accounting information and human resource management decisions and to assess the relationship that exists between accounting information and marketing decisions in the Nigerian manufacturing sector. The research design adopted for this study is the survey design. The population of the study comprised of the eight companies in beverage sector of the manufacturing industry in Nigeria. The survey research made use of Seven Up Bottling Company Plc, and Nigeria Bottling Company as representatives of the manufacturing industry. Primary data was collected through administering of questionnaire to the staff of the companies. The sample size of the study was 382 derived from the Yaro Yamani’s formula. Based on the findings, it was concluded that accounting information has an effect on managerial decision making in the Nigerian manufacturing industry. The study recommended that due to the importance of human capital in any organisation, promotion, transfer and retrenchment decisions should be handled with utmost sensitivity. Also, accounting information should therefore be inculcated into the taking of such decisions as it will affect the human resource management department and the organisation as a whole if the wrong decision is taken.
Highlights
In the contemporary business world, the role of accounting information in making or marring a business cannot be over-emphasized
The main objective of this paper is to ascertain the relationship which exists between accounting information and managerial decision making in the Nigerian manufacturing industry
The study concluded that there exists a significant relationship between accounting information and managerial decision making in the Nigerian manufacturing industry
Summary
In the contemporary business world, the role of accounting information in making or marring a business cannot be over-emphasized. Accounting must be understood as a system of information that measures the activity of a firm and processes this information in such a way that it is communicated to and understood by the final users. It must allow these users to make value judgments about the financial situation of firms and organizations and about their activity in order to make informed decisions regarding their future (Costa, 2012). Accounting is believed to give a general view of the health of an organisation and is important in the process of making decisions. It is referred to as the language of business as it communicates the results of business activities
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
