Research
Impact of Financial Reporting on Management Decision Making in Rivers State-Owned Universities
The study examined impact of financial reporting on management decision making in Rivers State owned universities. The study adopted the descriptive survey design and the population consisted of two hundred and twenty-eight (228) principal officers and other staff of the two (2) stateowned universities. Simple random sampling technique was adopted to arrive at a sample size of one hundred and thirtyeight (138) respondents. Two (2) research questions were answered and two (2) null hypotheses were formulated and tested at 0.05 level of significance. The questionnaire was used for data collection. The instrument was validated and a reliability index of 0.78 was obtained using test-retest method. Data were analysed using mean, standard deviation and frequency while t-test statistical tool was used to test the null hypotheses. One of the findings reveals that statement of financial position aids management decision making to a high extent. Also, there is a significance difference in the mean responses of management of Rivers State University and Ignatius Ajuru University of Education on extent statement of financial position aid management decision making in Rivers State-owned universities. It was therefore recommended amongst other things that qualified and capable professionals should be employed for financial report preparation and presentation.
