Importance Of Financial Accounting Records In Public Limited Company (A Study Of Nigerian Breweries Plc. Aba):- Ogbonna Happiness U

ABSTRACT

 Financial accounting record provides a tool for the management and finance department to enhance organizational effectiveness, especially in this era of global business advancement and competitiveness. The study examined the importance of financial accounting records in public limited company with specific reference to the Nigerian Breweries PLC, Aba. Primary data were obtained through the administration of fifty-two (52) questionnaires to the personnel, administrative, accounting, data processing and auditing departments of the Nigerian Breweries PLC, Aba. The data were analyzed using the chi-square (x2) statistical tool and the findings revealed that accurate financial records has significant positive effect on management decision making. It equally showed that effective internal control is an important determinant of accountability in the Nigerian Breweries PLC, Aba. Recommendations were subsequently made for the involvement of competence in computation of financial records and that internal control system should be dynamic and flexible to meet changing needs of the organization.