| dc.description.abstract | Financial statements contain information that reveals the health and current
condition, and the future prospect of an organization. It is a medium of
communication to users of the financial activities of the entity. Information is key to
decision making. Therefore, financial statements containing the financial information
of an entity are useful for economic decision making. For a financial statement to be
of use to the users, it must be of the right quality and the users should have the
requisite level of understanding of the statements. A decision that is based on quality
information can bring about confidence, satisfaction, and commitment. Knowledge
drives away doubt and fear to build confidence, satisfaction and commitment.
The purpose of this study was to examine the extent to which entities within
the Liberia field of the West African Union Mission of Seventh-day Adventists use
information from financial statements in making financial decision, and the effect of the use and quality of the information, as well as the level of knowledge of the users
on the effectiveness of decision-making. The study employed a cross-sectional causal
research design to accomplish its purpose. The findings show that executive
committees use financial statements but superficially, and that knowledge is of more
impact on the decision-making effectiveness than quality. This study recommends
that persons of knowledgeable financial background be purposefully part of the board
to facilitate financial decision making. | en_US |
