Question

Write a research proposal on the use of accounting information in decision making

Answer 1

Research Proposal

Use of Accounting Information in decision making

In Decision Making, Both financial and Non financial Information is useful.

Accounting is the a process of communicating, Measuring and Identifying the economic information for the interest of stakeholders

Understanding of accounting information helps in better decision and Planning

In decision making at wider level, Use of accounting and non accounting information is used. Accounting information impact the decision making since information without accounting data and information with accounting data result in different decisions

Accounting information consider the controlling informatio also which ultimately satisfies the management objectives.

Accounting information helps in analysing and interpretating the various matters relating to company. Hence decisions are also based on such information like whether to take any special order, Discount Approvals..

Without accounting informatio, Decision making process will become one sided and will be baseless. Hence finance/Accounting should be included in decision making process.