THE USE OF ACCOUNTING INFORMATION IN STRUCTURING DECISION MAKING AND THE MANAGEMENT OF STATE CONTROLLED BUSINESS ENTERPRISES IN GHANA: ACCOUNTING AND ECONOMIC DEVELOPMENT REVISITED
ลิงก์เอกสาร ProQuest
บทคัดย่อ: Like most developing countries, Ghana does not have a stock market. Most individuals do not have sufficient funds to invest in large corporate enterprises. The small minority that may have some funds are usually not motivated to invest because of the absence of stock markets.
Shortly after the attainment of independence from British Colonial rule, the government of Ghana invested in several business enterprises in major industrial sectors of the economy. Since their inception these enterprises have been entrusted to professional management to be operated efficiently, profitably and eventually become self supporting. However, twenty years after the establishment of these enterprises, none of them is self supporting, and most of them are operated at substantial losses and supported by huge government subsidies.
In a 1980 Government Policy Statement, the Ghanaian administration emphasized that the government would demand accountability from management, and that the state enterprises would be expected to be self supporting. The President of Ghana then assumed responsibility for the management of Black Star Line Limited (the state owned shipping lines), and dismissed its management together with the management of some other state enterprises such as the Ghana Airways Corporation for mismanagement and misappropriation of corporate funds. The extent to which adequate use of accounting information may result in efficient utilization of resources as well as better accountability for the stewardship of management is the main theme of this research. The major issue addressed in the research is "the use or the potential use of accounting information in the decision making process of state enterprises in Ghana."
Survey research methods, consisting of personal interviews and questionnaires distributed to the management of the state enterprises, were used in the study. The survey results indicated that the use of accounting information by the management of the state enterprises is minimal. This is the result of a basic lack of understanding and appreciation of the rudiments of accounting on the part of management in Ghana. There is an urgent need to bring awareness among Ghanaian managers of the importance of accounting as an information resource in their decision making processes.
THE USE OF ACCOUNTING INFORMATION IN STRUCTURING DECISION MAKING AND THE MANAGEMENT OF STATE CONTROLLED BUSINESS ENTERPRISES IN GHANA: ACCOUNTING AND ECONOMIC DEVELOPMENT REVISITED
ลิงก์เอกสาร ProQuest
บทคัดย่อ: Like most developing countries, Ghana does not have a stock market. Most individuals do not have sufficient funds to invest in large corporate enterprises. The small minority that may have some funds are usually not motivated to invest because of the absence of stock markets.
Shortly after the attainment of independence from British Colonial rule, the government of Ghana invested in several business enterprises in major industrial sectors of the economy. Since their inception these enterprises have been entrusted to professional management to be operated efficiently, profitably and eventually become self supporting. However, twenty years after the establishment of these enterprises, none of them is self supporting, and most of them are operated at substantial losses and supported by huge government subsidies.
In a 1980 Government Policy Statement, the Ghanaian administration emphasized that the government would demand accountability from management, and that the state enterprises would be expected to be self supporting. The President of Ghana then assumed responsibility for the management of Black Star Line Limited (the state owned shipping lines), and dismissed its management together with the management of some other state enterprises such as the Ghana Airways Corporation for mismanagement and misappropriation of corporate funds. The extent to which adequate use of accounting information may result in efficient utilization of resources as well as better accountability for the stewardship of management is the main theme of this research. The major issue addressed in the research is "the use or the potential use of accounting information in the decision making process of state enterprises in Ghana."
Survey research methods, consisting of personal interviews and questionnaires distributed to the management of the state enterprises, were used in the study. The survey results indicated that the use of accounting information by the management of the state enterprises is minimal. This is the result of a basic lack of understanding and appreciation of the rudiments of accounting on the part of management in Ghana. There is an urgent need to bring awareness among Ghanaian managers of the importance of accounting as an information resource in their decision making processes.
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