ACCOUNTING INFORMATION SYSTEM AS AN AID TO MANAGEMENT DECISION MAKING

1.1 BACKGROUND OF STUDY

It is believed that the study of accounting should start with its relationship to nature and objective of business decision. Our concern centre on how it gives information that aid the decision of management and how management react quickly to make the decision effective through prompt handling of data and make needed adjustment to achieved a set goal. It was this conviction that led to the topic: Accounting information system as an aid to management decision making (A case study of Nigeria Breweries Plc, Nigeria, Lagos).
Business organizations produce goods and services by exploiting resources like man, material, machine, etc. which are demand of business and are scarce in nature, after carefully considering the decision to be taken. It can be seen from the above statement that accounting information system is very necessary as an aid in Management decision making because of this necessity a lot of scholars have gotten involved in the research of this study including the Nigerian Accounting Standard Board as well as other private individuals.

Accounting of the statement (NASB 1984:5) the statement provides a continuing history qualified in monetary term of economic resources and activities also the obligation of business enterprises and at economic activities that change the resource and obligation AICPA (45.D, accounting information) therefore, provide the yard stick for measuring the performance of a business organization and is also an instrument against which management compares actual result with established standards. This the information connected for corrective action when actual income deviates markedly from pre-determined goals.