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ACCOUNTING INFORMATION AS A TOOL FOR MANAGEMENT DECISION MAKING (A CASE STUDY OF FIRST BANK OF NIGERIA LIMITED ABDULLAHI FOLIO ROAD BRANCH, SOTO)ABUBAKAR MOHAMMED DANUTA (2014/14120905033)SUBMITTED
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How to fill out accounting information as a

01
To fill out accounting information, follow these steps:
02
Start by gathering all financial documents and records.
03
Organize the documents into relevant categories such as income, expenses, assets, and liabilities.
04
Record all income sources and their corresponding amounts.
05
Record all expenses incurred by the business.
06
Determine the value of assets owned by the business, such as cash, inventory, and equipment.
07
Note down all liabilities, including loans, credit card debt, and outstanding payments.
08
Calculate net income by subtracting total expenses from total income.
09
Prepare financial statements such as balance sheets, income statements, and cash flow statements using the recorded information.
10
Review the accuracy of the filled out accounting information and make any necessary adjustments or corrections.
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Keep the accounting information updated regularly to maintain accurate financial records.

Who needs accounting information as a?

01
Accounting information is needed by various stakeholders, including:
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- Business owners and managers who use it to make informed decisions about the financial health of the business and plan for the future.
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- Investors who analyze the information to assess the profitability and stability of the business before investing.
04
- Lenders and creditors who evaluate the financial viability of the business before extending credit or providing loans.
05
- Government agencies and tax authorities who require accurate accounting information for regulatory and tax compliance purposes.
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- Employees who rely on the information to ensure timely payment of salaries and benefits.
07
- Auditors who examine the information to assess the accuracy and reliability of the financial statements.
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Accounting information as a is data related to the financial transactions of a business, including income, expenses, assets, and liabilities.
Businesses, corporations, and other entities are typically required to file accounting information.
Accounting information can be filled out by using accounting software, spreadsheets, or hiring a professional accountant.
The purpose of accounting information is to track, analyze, and report on the financial health and performance of a business.
Key information that must be reported includes revenue, expenses, assets, liabilities, and equity.
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