effect of accounting information on lending decisions of bank

📄 Project Abstract

Accounting information by definition is about provision of financial information needed to take decision particularly in respect of acquisition and use of scarce corporate resources as well as the elimination of wastes in the wealth creation chain to maximize profit. Agbaje, Busari and Adeoye (2014), stated that information as representing data or knowledge evaluated for specific use. He sees accounting information as "data organized for the special purpose of decision making" Oluwolaju and Ogunsan (2016), "information consists of data that have been retrieved, processed or otherwise used for informative or inference purpose, argument or as a basis for forecasting or decision making". Agbaje, Busari and Adeoye (2014), Opined that information is not synonymous with data. She stated that information is to data what a finished product is to the raw materials used in producing it. In other words data is information in its raw unprepared forms. She further added that information has become ...