FINANCIAL REPORTING

Strategic decisions are very important decisions which organizations are obliged to make to ensure growth, sustainability, and wealth maximization for shareholders. The study examines the relationship between financial reporting and management accounting and how this relationship aids strategic decision-making. This study seeks to provide evidence on how financial reporting and management accounting influence how strategic decisions are chosen and implemented by organizations. The analysis was carried out on a sample of 10 manufacturing (industrial and consumer goods) companies quoted on the Nigerian Exchange Group (NGX) as of August 6th 2023. It investigates variables of financial reporting and management accounting which are potential determinants that influence strategic decision-making among listed Nigerian Manufacturing firms for a period of ten years 2011-2020. It evaluates the effect of financial performance, market share and competition, industry trends and economic factors, capital expenditure, cost structure, budgeting and forecasting, performance and key performance indicators and capital investment appraisal on the strategic decisions made by listed Nigerian Manufacturing firms. Secondary data from the annual reports of the sampled firms have been analyzed using descriptive and regression models. The results revealed that of financial performance, market share and competition, industry trends and economic factors, capital expenditure, cost structure, budgeting and forecasting, performance and key performance indicators and capital investment appraisal are strong determining factors of strategic decisions in Nigerian Manufacturing firm. Therefore, I strongly recommend that firms harness the relationship between financial reporting and management accounting to enable them to make more informed, data-driven, and strategically sound decisions. This will potentially give them a competitive advantage and eventually lead to improved long-term performance and sustainability