ABSTRACT

This study examines the effect of financial accounting and reporting on management decision making in the Nigerian Exchange Group (NGX), the focus was on Banks. The study regressed the dependent variable – management decision making (MDM) on the independent variables – accuracy, timeliness, relevance and quality of good accounting information. A sample of one hundred and nine (109) questionnaires was administered to twenty–two (22) banks out of twenty–nine banks in the Nigerian Exchange Group (NGX). Descriptive statistics, correlation analysis and Cronbach Alpha coefficient were used to analyse the data in the order to achieve the research objectives. This study employed the Ordinary Least Square Method and empirical result revealed that there is a positive significant relationship between accuracy, timeliness, relevance, and management decision making while there is no significant relationship between qualities of good accounting information and management decision making.

 The study recommends that organizations should adopt a culture of continuous improvement in financial reporting practices, regularly soliciting feedback from decision makers to identify areas for enhancement. Collaboration between finance and operational teams is essential for aligning financial reporting with organizational objectives and strategic priorities.  

Key words: Accuracy, Timeliness, Relevance, Qualities of Good Accounting Information, and Management Decision Making.