Financial Information and Decision Making Process: A Case of Belgian Development Agency
Nyirahabyarimana, Jeanne D’arc
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Financial information provides invaluable statistics and evidence on which managers can make informed decisions and plans. However, some managers do not have information’s needed in their tasks of taking decisions. This research entitled “Financial Information and Decision Making process” has been conducted at Belgian Development Agency with purpose to investigate if BTC project management has a financial information tool to provide financial information needed in their decision making; to assess the uses of financial information in BTC projects; and to check if there is any relationship between financial information and decision making in BTC projects. In this research, independent variables, depend variables and intervening variables are fully discussed through literature review and through information’s provides under the title “explanation of key terms”. During the period under study, with a target population of 71 technical and administration staff of BTC main office and 5 BTC projects, a sample of 15 was drawn based on their position in the process of decision making. The sample concerned only decisions makers. The researcher used descriptive research method to obtain information concerning the financial information and decision making in BTC. The findings are obtained using a questionnaire to all respondents. Questionnaire is elaborated based on the objectives of the study. Findings are primary data obtained from the field by the researcher. The data obtained from the field was analyzed using the Statistical Package of Social Science (SPSS).The findings show that BTC has a financial information tool FIT 3.0 which helps to produce reports, to avail accounting information, budget information and cash flow information needed in decision making. Findings also allow to say that there a relationship between financial information and the process of decision making as it shown clearly that decisions makers need financial information in their decisions.