Evaluating Accounting Information as a Driver of Strategic Corporate Decission Making in Organization
DOI:
https://doi.org/10.68050/JAMS.2026.585Keywords:
Accounting Information; Empirical Data; Strategic decisions; Random SamplingAbstract
The study is a survey research aimed at evaluating the predictive powers of accounting information as a catalyst to sound managerial policy decisions. Business strategic decisions can not be left to rules of the thumb but should be predicated on empirical data pointing to the necessity of a strategic interventions. To what extent do accounting information aid management in decision making? How dependable are the accounting information as diagnostic tools to guide management in prescribing the next line of actions? With the adoption of the global uniform standards in financial reporting, how have the Nigerian reporting entities converge their accounting information to reflect high quality reporting as envisaged by the proponents of IFRS?. Data was collected using a stratified random sampling strategy form the banking population in North central Nigeria. Sample size was statistically determined at 100 participants from 6 banks comprising privately owned regional and national banks. A simple regression was conducted to test the main effect of accounting information and managerial decision and a correlational analysis carried out to determine the strength of relationship between the variables. A statistically significant positive effect was established between accounting information and policy formulation by management of these banks. The study concluded that there is a strong correlation between the two variables and made recommendation for improvement in the qualities of accounting information as a main driver of sound managerial decision making by reporting entities.
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