The Role Of Management Accountant To Cost Control And Profit Performance In An Organization (a Case Study Of Innoson Nigeria Limited Enugu)

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. 

 

Title page 

Certification Page 

Dedication 

Acknowledgement 

Abstract 

Table of contents 

 

 

CHAPTER ONE: INTRODUCTION 

 

CHAPTER TWO 

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 

 

 

CHAPTER FOUR: PRESENTATION AND ANALYSIS OF DATA 

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