This study examines the Importance of Accounting Information in improving profitability in Tele-communication Industry. The main objective of this research is to determine the importance of accounting information to management of business organization, to find out the effect of wrong Accounting Information in organizational performance and to ascertain the impact of Accounting Information on profitability of telecommunication companies. The methodology used in this research work was primary and secondary sources of data. Primary source of data were through interviews and questionnaires distributed among senior and junior staff of he Industry containing ten (10) questions and secondary data were from text-books, journals, news papers and magazines. During the research work, the researcher found out that ineffective and improper handling of Accounting Information adversely affect business organization and its management. The researcher through the findings recommend that the Accountant should ensure that proper Accounting records are kept and also ensure that Accounting information or transaction are accurately and timely updated.