Break-even Theory And Accounting As A Management Decision A Tool (a Case Study Of Nigerian Hoechst Plc)

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INTRODUCTION
The success of a business is generally attributable in great measure of the ability of its management personal to cope with probable conditions of the future.  Short  range as well as long-term plans must be made accomplished through sound management evaluation.  However, many aids have been controlling and co-ordinating the function of their business.  One of the tool which encompasses vital and needed information in guiding companies profit path is the Break-Even theory.  This is an extension of marginal costing; basically.  It is concerned with the point at which revenue and costs intercedes, hence the term “Break – Even”.
Break-Even system is a simple and easily understandable method of picturing to the management the effect of changes in volume on profits.  It predicts the effects of managerial actions today on future profits and company survival.  Business people do not view costs outputs and profits may be affected by their actions.  With the aid of Break-Even theory, they will be able to understand more and data revealed by the Break-Even analysis.  This system involves the marshalling of the cost – volumer – profit data and other data to guide manager in its day-to-day decisions.  Some of the data are best seen in a chart form for management to get a perspective view of the profit structure.
Moreover, at the beginning of the century a planning tool was developed by WALTER RAUTENSTRAUCH called the Break-Even chart.  This development made a major contribution as a management aid in profit planning, forecasting and decision-making. The concept show the significance in a firm between it’s costs, volume and relationship between the costs, illustrate the relationship between the  cost, that-the selling price is constant irrespective of the volume.

TABLE OF CONTENTS
Cover page                                i   
Title page                                ii
Approval page                             iii
Dedication                                iv
Acknowledgement                            v

CHAPTER ONE
INTRODUCTION
1.1    Background of study                    1
1.2    Historical backgrounds of Nigerian Hoechst plc                            2
1.3    Statement of problems                4
1.4    Objective of study                    5
1.5    Significance of study                    5
1.6    Hypothesis and research questions        6
1.7    Scope and limitation of study            7
1.8    Definition of terms                    8

CHAPTER TWO
REVIEW OF LITERATURE
2.1    Literature review                    10
2.2    Theoretical framework of studies        18
2.3    Model development                     24
2.4    Tools of management accounting        48
2.5    Classification of decision                49

CHAPTER THREE
RESEARCH DESIGN AND METHODOLOGY
3.1    Introduction   
3.2    Research approach                    51
3.3    Sampling design and population size        52
3.4    Source of data                        53
3.5    Interview questions                    54
3.6    Method of data analysis                54

CHAPTER FOUR
PRESENTATION, ANALYSIS AND INTERPRETATION OF DATA
4.1    Analysis of data and interpretation    58
4.2    Hypothesis testing and proofing        63

CHAPTER FIVE 
SUMMARY OF FINDING. CONCLUSION AND RECOMMENDATION
5.1    Summary of findings                    68
5.2    Conclusion
5.3    Recommendation
Bibliography
Appendix i
Appendix ii

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(2014, 10). Break-even Theory And Accounting As A Management Decision A Tool (a Case Study Of Nigerian Hoechst Plc).. ProjectStoc.com. Retrieved 10, 2014, from https://projectstoc.com/read/3649/break-even-theory-and-accounting-as-a-management-decision-a-tool-a-case-study-of-nigerian-hoechst-plc-7299
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"Break-even Theory And Accounting As A Management Decision A Tool (a Case Study Of Nigerian Hoechst Plc).." ProjectStoc.com. 10, 2014. Accessed 10, 2014. https://projectstoc.com/read/3649/break-even-theory-and-accounting-as-a-management-decision-a-tool-a-case-study-of-nigerian-hoechst-plc-7299.

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