ABSTRACT
Accountants have been bestowed with the role of providing information to the management regarding the affairs of the organization in particular and to the stakeholders in general. Internally, in manufacturing organization, management has always relied on the management accountant for cost evaluation and performance efficiencies of cost element. This role of management accountant to the management has been in doubt because of incessant increase in the cost elements of goods manufactured in Nigeria which in cause has resulted in constant increase in the price of goods. The aim of this research study is to evaluate the role of management accountant to cost control and profit performance in an organization. a quasi-experimental research design was adopted for this research study and the sample size was selected using the Taro Yamane sampling technique. Primary and secondary sources of data were used in collecting information which was analyzed using simple percentages. The hypothesis was tested using chi- square statistical method at 0.05 level of significance for validity and decision making. The findings from the analysis of the research study depicts that organizational strategic managers should rely on management accountant information for decision making. Management of any manufacturing company cannot make profitable decision without quality information. The researcher can confidently conclude based on the findings that the availability of skilled, knowledgeable and informative management accountant in an organizational profit performance promotes productivity. Therefore, this research work recommends that management accountants should provide information on time so as to hasten up in making vital decision because undue delay in decision making will definitely undermine the firms‟ goal of profit maximization. Also, it recommends that adequate exposure should be given to management accountants through training programmes, appraisal and evaluation of seminars in order to acquaint them with the new technologies in vogue and keep pace with new knowledge.
TABLE OF CONTENTS
Title page i
Certification Page ii
Dedication iii
Acknowledgement iv
Abstract v
Table of contents vi
Accountants have been bestowed with the role of providing information to the management regarding the affairs of the organization in particular and to the stakeholders in general. Internally, in manufacturing organization, management has always relied on the management accountant for cost evaluation and performance efficiencies of cost element. This role of management accountant to the management has been in doubt because of incessant increase in the cost elements of goods manufactured in Nigeria which in cause has resulted in constant increase in the price of goods. The aim of this research study is to evaluate the role of management accountant to cost control and profit performance in an organization. a quasi-experimental research design was adopted for this research study and the sample size was selected using the Taro Yamane sampling technique. Primary and secondary sources of data were used in collecting information which was analyzed using simple percentages. The hypothesis was tested using chi- square statistical method at 0.05 level of significance for validity and decision making. The findings from the analysis of the research study depicts that organizational strategic managers should rely on management accountant information for decision making. Management of any manufacturing company cannot make profitable decision without quality information. The researcher can confidently conclude based on the findings that the availability of skilled, knowledgeable and informative management accountant in an organizational profit performance promotes productivity. Therefore, this research work recommends that management accountants should provide information on time so as to hasten up in making vital decision because undue delay in decision making will definitely undermine the firms‟ goal of profit maximization. Also, it recommends that adequate exposure should be given to management accountants through training programmes, appraisal and evaluation of seminars in order to acquaint them with the new technologies in vogue and keep pace with new knowledge.
TABLE OF CONTENTS
Title page i
Certification Page ii
Dedication iii
Acknowledgement iv
Abstract v
Table of contents vi
CHAPTER ONE: INTRODUCTION
1.1 Background of the study 1
1.2 Statement of the study 2
1.3 Objectives of the study 3
1.4 Research Question 4
1.5 Formulation of hypotheses 4
1.6 Significance of the study 5
1.7 Scope of the study 6
1.8 Limitations of the study 6
1.9 Definition of terms 7
1.1 Background of the study 1
1.2 Statement of the study 2
1.3 Objectives of the study 3
1.4 Research Question 4
1.5 Formulation of hypotheses 4
1.6 Significance of the study 5
1.7 Scope of the study 6
1.8 Limitations of the study 6
1.9 Definition of terms 7
CHAPTER TWO
2.1 Definition of profit performance. 9
2.2 The concept of profit performance. 10
2.3 Functions of Management Accountants in relation to profit making in an organization. 12
2.4 Basic tools employed by Management Accountants in
Profit maximization. 14
2.41 Standard Costing 14
2.42 Marginal Costing 20
2.43 Budgeting and Variance analysis 22
2.44 Cost Volume Profit Analysis 28
2.5 The Concept of Cost in Profit Maximization 29
2.6 Ways of Regulating Cost in a Manufacturing Company. 31
2.1 Definition of profit performance. 9
2.2 The concept of profit performance. 10
2.3 Functions of Management Accountants in relation to profit making in an organization. 12
2.4 Basic tools employed by Management Accountants in
Profit maximization. 14
2.41 Standard Costing 14
2.42 Marginal Costing 20
2.43 Budgeting and Variance analysis 22
2.44 Cost Volume Profit Analysis 28
2.5 The Concept of Cost in Profit Maximization 29
2.6 Ways of Regulating Cost in a Manufacturing Company. 31
CHAPTER THREE: RESEARCH METHODOLOGY
3.1 Research Design 36
3.2 Sources of Data 37
3.3 Area of study 38
3.4 Population of Study 38
3.5 Determination of Sample Size 38
3.6 Reliability Test 40
3.7 Validity Test 41
3.8 Method of Data Analysis 41
3.1 Research Design 36
3.2 Sources of Data 37
3.3 Area of study 38
3.4 Population of Study 38
3.5 Determination of Sample Size 38
3.6 Reliability Test 40
3.7 Validity Test 41
3.8 Method of Data Analysis 41
CHAPTER FOUR: PRESENTATION AND ANALYSIS OF DATA
4.1 Presentation of Data 43
4.2 Analysis of Data 43
4.3 Testing of Hypotheses 60
4.1 Presentation of Data 43
4.2 Analysis of Data 43
4.3 Testing of Hypotheses 60
CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS.
5.1 Introduction 67
5.2 Summary of findings 67
5.3 conclusion 69
5.4 Recommendations 70
Bibliography 72
Appendices 74
5.1 Introduction 67
5.2 Summary of findings 67
5.3 conclusion 69
5.4 Recommendations 70
Bibliography 72
Appendices 74
Disclaimer: Note this academic material is intended as a guide for your academic research work. Do not copy word for word. Note: For Computer or Programming related works, some works might not contain source codes
CITE THIS WORK
(2016, 01). The Role Of Management Accountant To Cost Control And Profit Performance In An Organization(a Case Study Of Innoson Nigeria Limited Enugu).. ProjectStoc.com. Retrieved 01, 2016, from https://projectstoc.com/read/7044/the-role-of-management-accountant-to-cost-control-and-profit-performance-in-an-organization-a-case-study-of-innoson-nigeria-limited-enugu-1283
"The Role Of Management Accountant To Cost Control And Profit Performance In An Organization(a Case Study Of Innoson Nigeria Limited Enugu)." ProjectStoc.com. 01 2016. 2016. 01 2016 <https://projectstoc.com/read/7044/the-role-of-management-accountant-to-cost-control-and-profit-performance-in-an-organization-a-case-study-of-innoson-nigeria-limited-enugu-1283>.
"The Role Of Management Accountant To Cost Control And Profit Performance In An Organization(a Case Study Of Innoson Nigeria Limited Enugu).." ProjectStoc.com. ProjectStoc.com, 01 2016. Web. 01 2016. <https://projectstoc.com/read/7044/the-role-of-management-accountant-to-cost-control-and-profit-performance-in-an-organization-a-case-study-of-innoson-nigeria-limited-enugu-1283>.
"The Role Of Management Accountant To Cost Control And Profit Performance In An Organization(a Case Study Of Innoson Nigeria Limited Enugu).." ProjectStoc.com. 01, 2016. Accessed 01, 2016. https://projectstoc.com/read/7044/the-role-of-management-accountant-to-cost-control-and-profit-performance-in-an-organization-a-case-study-of-innoson-nigeria-limited-enugu-1283.
- Related Works
- The Impact Of Standard Costing On Profitability And Managerial Effectiveness Of A Manufacturing Industry (a Case Study Of Ferdinand Industries Limited, Urulla Ideato North Local Government Area Of Imo State, Nigeria)
- Success And Failure Of Public Sector Accountability In Nigeria (a Case Study Enugu Sate Ministry Of Finance)
- Analysis Of Financial Ratios As An Aid To Economic Analysis (a Case Study Of Union Bank Plc Enugu)
- The Impact Of Different Methods Of Depreciation On The Profitability Of A Company (a Case Study Of Anammco Motor Enugu State)
- Financial Management Practice In Government Companies With Particular Reference To Niger Gas Limited.
- An Economy Without A Budget
- Capital Market Structure And Development (a Case Study Of Nigeria Stock Exchange Nse)
- Management Crisis In Banking Industry
- Capital Budgeting In The Private Sector
- Inventory Control And Management In A Manufacturing Firm