ACCOUNTING INFORMATION SYSTEM AND MANAGERIAL DECISION ON SMALL AND MEDIUM ENTERPRISES IN NIGERIA (A CASE STUDY OF SEVEN-UP BOTTLING COMPANY LTD)

ABSTRACT The research work is to determine the impact of accounting information system and managerial decision on small and medium enterprises in Nigeria. The objectives of this study include to determine the extent to which sound accounting practice is carried out among small and medium scale enterprise in Nigeria; to examine the limitations of small and medium enterprises in implementing full accounting system and also to analyze the relationship between accounting information and small scale firm performance. The study adopted both the primary and secondary sources of data. A total of 60 staff of Seven-Up Bottling Company Ltd were used as the sample size of which the questionnaires were administered to. Descriptive statistics such as simple percentage and frequency distribution were used in the analysis of data. Data presentation was done by use of tables for ease of understanding and interpretation. The hypotheses formulated were tested using One way sample T-test. From the findings, the study concluded that there is significant relationship between the survival of small scale businesses in Nigeria and their relevance on accounting information and failure of small scale businesses in Nigeria depends on non-compliance with accounting standards in financial reporting. The study recommends that commercial banks should also have a unit manned by professional accountants to assist SME in documentation for easy access to loans. Keywords: Accounting information, Managerial decision, Loans, Small and medium enterprises, Financial reporting