statements – one item is divided by another by another to create the ration, The ratio comparison can be between two different statements United Africa Company of Nigeria (UAC) NIG. A basis assumption is that the best decision is the one that involves the most revenue or the least amount of cost. Accounting Information System: This can be defined as the means for collecting, collation, accumulation, analysis, processing, reporting and interpretation in standard term, information about the business to assist management it; planning, control and decision making. Effective and efficient accounting information plays a central role in management decision making. - Sector Supplements Accounting is like eyes and ears of the management, it is also regarded as the language of business. capacity to its long term debts, Debtcoverageratio= If there are no alternatives, then no decision is required. bank overdraft, creditors, loans, mortgage Price earnings ration (PER) . cycle (also referred to as the operating cycle). - Seeking ways to improve sales to fees Al 1996). totalassets, Interest Servicing ratio For the purpose of decision making, the past is used as a guide to future estimates of the consequences of different alternatives. 3. Statistics: The absences of vital statistics that would have lent more weight to the conclusion. 0000001863 00000 n of the owner, shareholders. Generally Accepted Accounting Principles (GAAP): These are set of accounting concept used in the preparation and presentation of financial statement. UAC interests also include shareholdings in CAP PLC, UAC Registrars Limited and GM Nigeria Limited as a joint venture with General Motors Corporation of Detroit USA (300/0 equity), the world’s largest automobile manufacturer, Following the new pensions reforms in the country, UAC has registered UNICO CPFA Limited, as a subsidiary of the Company. negative effect on the one side, thereby resulting in no change to the overall value of the equation. totalliability Involves comparing the items in a financial statement to an anchor items in the same financial statement or financing activities It does not represent the loss in the assets value during the reporting period. Assets need to be funded by owners and leaders. related to accounts receivable, Daysdebtors= - The financial risk of the entity can also be assessed through the interest coverage (also referred to cost of sales A=L+OE - Non-current assets (including property, plant and equipment, and other productive assets) - CVP analysis is concerned with the change in profits in response to changes in sales volumes, costs cost of sales, Day’s debtor’s ratio Australia adopted international financial reporting standards - A market value indicator that reflects the number of years of earnings that investors are prepared and integrity of information gathers is safeguarded, The professional accounting bodies in Australia have a joint code of ethics that is mandatory for any personal transactions of the owner statement xref How can problems of accounting information be solved or minimized? This ensures corporation that operate in Australia and internationally Currentmarket price The statement of changes in equity 5. Secondly, it provides an overview of the constituents of accounting information in use by a major use of accounting information (UAC NIG PLC). reliably measured 373 19 balancing, Duality must always apply – a transaction must always have two sides, Single Entry Error – Occurs when only 1 side of a transaction is recorded. The company’s brand portfolio also includes franchised international food brand such as Nando’s, Creamy Inn, Chicken Inn, Pizza Inn and Dial-A-Delivery. Budgets operationalize strategic plans and allow operational areas to understand how their area - Activities that change the size and/or composition of the financial structure of the entity Current ratio This is known - Indicates an entity’s ability to cover current obligations from operating activity cash flows By simple analogy a good accounting information system enable management direction and other users of information know where they are, where they are going and how to get and use appropriate management tools. Accounting for Management and decision Making Accounting for Management and decision Making Prof. Ahmed Farghally Professor of Accounting, Cairo University Prof. Ahmed Farghally Professor of Accounting, Cairo University Expense tax, office, corporate regulator, and - Measured by accounting equation Accrual Accounting: is a system in which transaction and events are recorded in the periods they - Refers to the direction, control and management of an entity Classified into three main sections reflecting the major cash flow activities (UPDC), the first company in the real estate sector to be quoted on the stock exchange, warm spring waters Nigerian Limited, manufacturer of “GOSSY” spring Water, the bottling plant is located in Ikogosi-Ekiti, Ekiti State. globalised accounting standards. Accounting systems can aid our decision making by providing information relevant to the decision and to the decision making. The financial manager has not been able to evaluate efficiently and effectiveness on the timing and the risk of future cash flows of investment due to inaccurate account ting information on the state of liquidity of the organization. External exchange of something of value between two or more entity’s, Can be reliably measured and recorded Purpose and Importance of measuring financial performance at a particular point in time usually at the end of a reporting period As a source for ideas for your own research work (if properly referenced). occur, rather then in the periods the entity receives or pays the cash. salesrevenue As a source for additional understanding of the subject. Corporate Social Responsibility initiatives towards assisting communities, institutions and charitable organizations and the award of scholarships.

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