Relevance Of Accounting Information For Effective Financial Decisions In Corporate Organizations (A Study Of First Bank Of Nigeria Plc)
ABSTRACT
The study was carried out to
examine the relevance of accounting information for effective financial
decisions in corporate organizations (A study of First Bank Nig Plc,). The main
objectives were to evaluate the relationship between accounting information and
effective financial decision making and to determine the effect of accounting
information on effective financial decision making. Primary data was collected
using questionnaire distributed to the staff of First Bank Nig Plc in Umuahia
metropolis and were analyzed using the correlation coefficient and simple and
multiple regression analysis using the Ordinary Least Squares (OLS) method. The
result shows that improper recording, improper documentation, bad management,
corruption, have negative and significant effect on effective use of accounting
information of an organization. Also there is positive relationship between
accounting information and financial decision making in an organization.
Equally, the simple regression result show that managerial neglect of
accounting information has a significant effect on the achievement of
organization goals. It was recommended that management of First Bank Nigeria
P/c to adopt a systematic approach which will not only reduce fraud in banking
sector but will assist the bank in the growth of their yearly profit since
corruption has negative effect on effective use of accounting information of an
organization.
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OGUNREMI, A (2021). Relevance Of Accounting Information For Effective Financial Decisions In Corporate Organizations (A Study Of First Bank Of Nigeria Plc). Repository.mouau.edu.ng: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/relevance-of-accounting-information-for-effective-financial-decisions-in-corporate-organizations-a-study-of-first-bank-of-nigeria-plc-7-2
ADETUNJI, OGUNREMI. "Relevance Of Accounting Information For Effective Financial Decisions In Corporate Organizations (A Study Of First Bank Of Nigeria Plc)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 23 Jul. 2021, https://repository.mouau.edu.ng/work/view/relevance-of-accounting-information-for-effective-financial-decisions-in-corporate-organizations-a-study-of-first-bank-of-nigeria-plc-7-2. Accessed 26 Nov. 2024.
ADETUNJI, OGUNREMI. "Relevance Of Accounting Information For Effective Financial Decisions In Corporate Organizations (A Study Of First Bank Of Nigeria Plc)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 23 Jul. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/relevance-of-accounting-information-for-effective-financial-decisions-in-corporate-organizations-a-study-of-first-bank-of-nigeria-plc-7-2 >.
ADETUNJI, OGUNREMI. "Relevance Of Accounting Information For Effective Financial Decisions In Corporate Organizations (A Study Of First Bank Of Nigeria Plc)" Repository.mouau.edu.ng (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/relevance-of-accounting-information-for-effective-financial-decisions-in-corporate-organizations-a-study-of-first-bank-of-nigeria-plc-7-2