Effectiveness and use of accounting information System for decision making in public sector organization

Abstract

OGDCL ,oil and gas development company limited comprises of the many research and development surveys mainly include the seismic survey as OGDCL have the best energy resources like lubricant , gasoline , petroleum , reserves of crude oil and drilling activities etc. All the surveys, development projects , the rules regulations and the plan of action they are following make ogdcl unique and the best organization in all over the Pakistan. As the lubricant and gasoline sector possess the significant influence on the Pakistan economy however it also raises the tax income for the betterment of the economy of Pakistan. Oil and gas development company limited captivate the elevated levels of the FDI , when the foreign direct investment increases the income generated also increases the company as well the country condition. The overall purpose of this report is to highlight the major changes occurs in several areas and the different sectors , the surveys they performed increases their funds which lead towards betterment for the country. This study has identified different technologies and innovations such as their accounting process , financing cycle, expenditure cycle , Information technology systems, enterprise integration, online systems and web services etc. The present study forecasts and predicts the potential answers to the challenges regarding accounting domain like compliance, financial reporting, internal and external check. This report would help the other companies to better run their organizations in a accurate and effective manner for the growth purposes and it contributes the highest level of performance and the market leader company for all over the Pakistan, more over companies should anticipated the oil and gas development company limited as the guidance for their betterment in the near future.