APPRAISING THE SIGNIFICANCE OF ACCOUNTING INFORMATION SYSTEM TO THE MANAGEMENT OF AKWA IBOM TRANSPORT COMPANY UYO

A major function of accounting Information System (AIS) is to provide adequate, timely and reliable financial information to users to help them make informed decisions concerning the organization with which they are concerned. To the management who, install the accounting system information generated by the system should prove useful in the effective management of their enterprises. However if there is accounting information system but is not utilized by management, the advantages that would have resulted would never be realized. This research work therefore focuses on appraising the significance of Accounting Information System to the management of Akwa Ibom Transport Company Uyo. It was believed that the significance of the study would be to satisfy management on the need to have a functional accounting system, to provide additional literature on the topic among others. Research questions were formulated by the researcher as a springboard to pursue the objectives of the study. Random sampling technique was used in questionnaire’s administration. The result was analyzed using simple percentage. The findings if the research showed that AKTC Uyo maintains accounting records from which financial statements are prepared it was also discovered that management and economic decision are based on accounting information the 25 respondents also agreed that the financial accounting information supplied is useful and capable of solving the company’s problem. Recommendations were also made among which were the employment of skilled or professional accountants, purchase and use of modern machines like computers which will aid automated Accounting Information system. Independence of the accounting department and the involvement of government in the training of managers and accountants were also recommended.