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  • Publié le : 27 septembre 2010
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CHAPTER ONE
GENERAL INTRODUCTION

1. BACKGROUND OF THE STUDY
The success of most compagnies today in achieving their strategic vision lies to a greater extent on how reliable and useful their accounting information are.thus by making good use of accounting informations gotten from the various financial statements, they can make break through in achieving a strategic competitiveadvantage in the business world. Thus, financial statements from which accounting informations are gotten are not in themselves important, but will make meaning to the management of a company only when the informations from these financial statements are interpreted and used in the appropriate way. If not well used, company’s down fall can stem from it. Thus, I was very interested on this topic titled“The Importance Of Accounting Information to the Business Enterprise “ because I realised that in most companies in Cameroon, especially banks, the role of accounting information is very primordial for them to succeed or fail. Thus, the raison d’etre of this research project will be to make clear the doubts as to how important accounting informations are to the business; with the case study of CBCBank.

1. PROBLEM STATEMENT
The complexity of modern business has made the task of achieving the relevance of accounting information difficult. This has made many businesses enterprises into making wrong decisions, especially in the domain of finance, strategy, performance, position, etc… This calls for the following research questions:
➢ How important are accounting informations to abusiness?
➢ Who are the users of accounting information to a business?
➢ What are the methods used in interpreting financial informations?
➢ Which documents are used to prepare financial informations and how are financial informations recorded?

2. OBJECTIVE OF THE STUDY
From the research questions raised above, the main objective of this study is toinvestigate the importance of accounting information to a business.
This main objective can be achieved through the help of the following specific objectives:
➢ To examine the users of accounting information.
➢ To know how the various financial statements are prepared.
➢ To analyse the methods used in interpreting financial information.➢ To find out how accounting information is used in CBC Bonanjo branch.
➢ To make recommendations based on findings.

3. SIGNIFICANCE OF THE STUDY
This study is important to me as a student because it will equip me with the knowledge to face the challenges in the interpretation of financial statements.
It will help users of accounting information to make rightfuldecision based on relevant and reliable information.
It is important to the economy as a whole and businessmen as they will improve in the efficiency of their productivity and business operation due to good quality information which will guide them to move on the right track and as well, lead to economic growth.

4. METHODOLOGY
In carrying out this research, two sources ofdata were used. These include the primary data and the secondary data.
Data collection techniques include:
➢ Interview
➢ Observation
➢ Questionnaire
Data presentation and analysis include:
➢ Qualitative
➢ Quantitative
➢ Descriptive➢ Narrative

CHAPTER TWO

LITTERATURE REVIEW
2.0 DEFINITION OF ACCOUNTING INFORMATION AND RELATED CONCEPTS

According to NICKELS and MCHUGH, Accounting is the recording, classifying, summarising and interpreting of financial events and transactions to provide the management and other interested parties the information they need to make good decision. The data are recorded,...
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