ABSTRACT
This research project set out to investigate the impact of management accounting activities of manufacturing companies in Nigeria on their financial performance. in order to achieve the objectives of our study, two hypotheses were formulated and data collected from manufacturing companies throghu the issue of sixty structured questionnaires out of which fifty nine were duly completed and returned. the returned questionnaires were analysed using regression analyses on SPSS version 21. in thecourse of the analyses, the following findings were made: there is a positive and significant relationship between cost accounting activities and the financial performance of manufacturing companies in Nigeria. findings also reported a positive and significant relationship between activity management and the profitability of manufacturing companies in Nigeria. Finally, our analyses showed that a majority of the manufacturing companies in our sample routinely embarked on Strategic Management Accounting Activities. given our findings, we concluded that: Cost management activities is a major contributor for enhanced financial performance of manufacturing companies in Nigeria. We also conclude that activity management contribute significantly to the profitability of manufacturing companies in Nigeria. Finally, we conclude that manufacturing companies who embark on management accounting activities are bound to be more productive and profitable than their counterparts who take such activities for granted. Given our findings and conclusion above, we make the following recommendations: Manufacturing companies should not only embark on cost management activities but from time to time review their cost management methods in order to continually discover loopholes in their methods and cover suchloopholes. Manufacturing companies should provide adequate training for their management accounting staff on the best practices inherent in the field.
INTRODUCTION
............. Companies use management accounting techniques to assess their operations. These include budgeting, variance analysis and break-even analysis. These methods help organizations to plan, direct and control operating costs and to achieve profitability. It is recognized that management accounting practices are important to the success of the organization (Horngren, et al., 2009). Management accounting is the application of appropriate techniques and concepts in processing the historical and projected economic data of an entity to assist management in establishing a plan for reasonable economic objectives and in the making of rational decisions with a view towards achieving these objectives.
Managerial accounting, or management accounting, is a set of practices and techniques aimed at providing managers with financial information to help them make decisions and maintain effective control over corporate resources. These include the methods and concepts necessary for effective planning, decision making (choosing among alternative business actions and controlling through the evaluation and interpretation of performance.
Management accounting practice helps an organization to survive in the competitive, ever-changing world, because it provides an important competitive advantage for an organization that guides managerial action, motivates behaviors, supports and creates the cultural values necessary to achieve an organization’s strategic objectives. Management accounting is concerned primarily with the internal needs of management. It is oriented toward evaluation of performance and development of estimates of the future as opposed to traditional financial accounting which emphasizes historical data related to such legal financial matters as ownership, investment, credit granting, taxation, regulation, and the building of foundations for consistent and conservative external reporting, “in accordance with generally accepted accounting principles.” ...............
FOR ACCESS TO THE FULL PROJECT WORK, USE THE ORDER NOW! BUTTON BELOW
CHAPTER ONE: INTRODUCTION
1.1 BACKGROUND OF THE STUDY
1.2 STATEMENT OF RESEARCH PROBLEM
1.3 PURPOSE OF THE STUD
1.4 STATEMENT OF RESEARCH QUESTION
1.5 RESEARCH HYPOTHESES
1.6 SIGNIFICANCE OF THE STUDY
1.7 SCOPE AND LIMITATION OF STUDY
1.8 ORGANIZATION OF STUDY
1.9 DEFINITION OF TERMS
CHAPTER TWO: REVIEW OF RELEVANT LITERATURE
2.1 THEORETICAL FRAMEWORK
2.1.1 Contingency Theory of Mgt Accounting
2.1.2 New Institutional Sociology
2.2 CONCEPTS OF MANAGEMENT ACCOUNTING
2.3 MGT ACCOUNTING & FINANCIAL PERFORMANCE
2.4 REVIEW OF RELEVANT EMPIRICAL LITERATURE
CHAPTER THREE: RESEARCH METHODOLOGY
3.1 INTRODUCTION
3.2 RESEARCH DESIGN
3.3 RESEARCH POPULATION
3.4 SAMPLING PROCEDURE/SAMPLE SIZE DETERMINATION
3.5 DATA ANALYSIS TECHNIQUES
CHAPTER FOUR: DATA PRESENTATION ANALYSIS AND DISCUSSION
4.1 INTRODUCTION
4.2 DATA PRESENTATION AND ANALYSIS
4.3 TEST HYPOTHESES
4.3.1 Testing of Hypothesis One
4.3.2 Testing of Hypothesis Two
CHAPTER FIVE: SUMMARY, CONCLUSIONS AND RECOMMENDATIONS
5.1 SUMMARY OF FINDINGS
5.2 CONCLUSIONS
5.3 RECOMMENDATIONS
BIBLIOGRAPHY
Reference code: c039
Reference code: c039
Does the work meet your requirements?
No comments:
Post a Comment