Financial Accounting Information and Corporate Decision Making In Construction Firms in South-West Nigeria
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Date
2024-12
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Lead City University, Ibadan
Abstract
This Thesis was directed towards Financial Accounting Information preparation and decision in construction firms in south west Nigeria. Since there is reliance on Financial Accounting Information when making decision, therefore financial scandals, fraud and manipulation of accounting figures influenced by poor working condition, lack of incentives to workers need to be address to make Financial Accounting Information reliable. Financial accounting information also provides a tool for financial department to enhance organizational effectiveness especially in the area of decision making. The study examined the relationship that exist between financial accounting information and decision making and also help to examine how the financial accounting information can satisfy the needs of the users. Specifically the study also help to examine how the financial accounting information and decision making can help to control irregularities and manipulation of the accounting figures in financial statement. This Study will be of great significance to the investors/shareholder, stakeholders such as students Researchers Scholars, Financial Institutions, federal government of Nigeria and other publics. Financial accounting is a critical component of the operation of any business including construction firm in south west Nigeria where the construction firm plays a key role in economic development, understanding the financial aspects of these firms is also essential for effective decision making. Financial accounting provides meaningful information to investor and also an essential framework for assessing financial performance Financial Accounting Information is necessary to understand the financial position of the firms and also useful as a guide in decision making. Financial Accounting Information also provides an essential framework for assessing financial performance and making informed decision. Accurate financial accounting information or record help the construction firms to manage costs track profitability and also secure financing for project. The construction firm being a project driven business requires a robust financial accounting practice to manage cash flow handle large capital, expenditure and to mitigate risks related to project delays. The purpose of this research was to study the effect of financial accounting information in decision making in
construction firms in southwest, Nigeria. The researcher used survey research design to study Financial Accounting Information with the decision making in construction firm in southwest, Nigeria. For the purpose of this study the estimated population is 9500 being registered construction firms in six states in southwest, Nigeria while Slovin’s Formular was adopted to determine the sample size with the total sample size of 384 respondents. Also data for the study was collected through questionnaire. The study reveals that there is a positive impact on Financial Accounting Information in decision making in construction firms. The study concluded that Financial Accounting Information is a basis and guide when making decision and it could be used to control irregularities and mismanagement in construction firms. The study therefore recommends that modern equipment, professionals and conducive working environment should be in place to facilitate timely and accurate Financial Accounting
Information for users. Also recommendation was made to construction firms to use financial and project accounting package software. This should be provided enhance better performance in financial department
Keywords: Financial Accounting Information, Decision Making, Construction Firms.
Word count: 503
Description
Keywords
Financial Accounting Information, Decision Making, Construction Firms.
Citation
Kate Turabia