The Impact of Accounting Information on Bank Lending Decision

THE IMPACT OF ACCOUNTING INFORMATION ON BANK LENDING DECISION

There are many definition of accounting as far as different authors are concerned. Osisoma (1990:5) defined accounting as a data organized for the special purpose of decision making. Another author Reinkola: feeds that is the process of identifying measuring and communicating economic information to permit informed judgment and decision by users of information. [Read more…]

Accounting Information and Management Decision Making in Business

Accounting Information and Management Decision Making in Business

There are certain basic concepts of accounting which will be described one by one below:-

  • Accounting Entity concept: Accounting entity concept is reflected by the accounting equation: assets = liabilities or assets = Liabilities + owner’s equity. Meigs says.
  • Accounting information is complied for a clearly defined accounting entity. So is a business enterprise, whether conducted as a single proprietorship, partnership or corporation.

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