THE USE OF FINANCIAL ACCOUNTING INFORMATION SYSTEM FOR MANAGEMENT DECISION MAKING

This study focused on the use of financial accounting information system for management devision making. The objective of the study was to determine whether financial accounting information system was used by management for efficient and effective performance, and the extent the information guided and regulated management decision making in companies. This study proffered solution to the problems encountered by the management in the implementation of the financial accounting information system. The study relied mostly on secondary data such as the financial rations responses to questionnaire the financial statement statistical test. The major finding of the study was that employment of non qualified personnel in the account department lead to disregard of accounting information system. It was also found out from the results of the percentage that accounting information system has a positive impact on management decisions in companies and there is a relationship between performance and effective use of financial accounting information my managers. It was recommended that companies should employ qualified accountants or alternatively educate their staff on how to use the financial accounting information system for management decision making. In conclusion it is found that the more merits than demerits in using the financial accounting information system for management decision making in companies