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AN APPRAISAL OF THE NATURE AND SIGNIFICANCE OF MANAGEMENT ACCOUNTING ( A CASE STUDY OF DUNLOPE NIGERIAN PLC)

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AN APPRAISAL OF THE NATURE AND SIGNIFICANCE OF MANAGEMENT ACCOUNTING ( A CASE OF DUNLOPE RIAN PLC)

INTRODUCTION

Management accounting is the development of information for insiders such as managers. Managers use this information to measure the progress toward their goals and highlight any potential problems in advance. For example, managers want to know which products have the best sales

And which are selling poorly. Which products tend to sell together? How  is inventory being managed? What about cash? Will the firm have enough cash to pay its upcoming debt payments?

Acountants answers these questions with budgets , variance reports, sensitivity analysis, revenue reports, cost projections,and even analysis of competitors.When firms consider how to expand products and services, managerial accountants help formulate profit projections from revenue and cost projections. In short, managerial accounting has historically played a large part in the control and evaluation of the business and its performance.

CHAPTER    1

1.1  BACKGROUND OF THE

Financial accounting provides information for outsiders. Whereas managerial accounting reports may break down performance for

Managers by individual products or regions of the country, finanacial reports summarise the business as a whole, although they can be broken into

Business segments and regions. In the case of Publicly held companies, these reports are the quarterly and annual financial  statements that they must file with the securities and exchange commission (SEC).

During the last two decades ,the role of accounting s within companies has changed. Instead of simply providing information to insiders and outsiders , accounting s have begun the transition into being profit centers, instead of simply reporting the quarterly profits of the firm, accounting s are asked to increase profits through application of accounting methods. Different methods often lead to different

Levels of reportable profits.The reporting of profits, therefore can be both an art and a science. This process is known as managing earnings.

For example, accountants may feel  pressure to meet internal targets .Managers may want to show their  employees and the board of directors that they were able to increase revenue and decrease cost.

The research seek to provide an and of the nature and significance of management Accounting with a case study of Dunlope Plc.

1.2                    MENT OF THE PROBLEM

The inability of many organization to afford the service of A MANAGEMENT ACCOUNTANT is depriving many organization the needed

Datas and information for quality management decision making.such organization lack the needed  accounting report s such as  budgets, variance reports, sensitivity analysis, revenue reports,cost projections etc. The effect is poor management decision leading to waste and improper use of resources, high cost expenditure, low revenue  and loss of profit.Management accounting is the development of information for insiders such as managers. Managers use this information to measure the progress toward their goals and highlight any potential problems in advance.forexample ,managers want to know which products have the best sales and which are selling poorly. Which products tend to sell together?, How  is inventory being managed? What about cash? Will the firm have enough cash to pay its upcoming debt payments?Acountants answers these questions with budgets , variance reports, sensitivity analysis, revenue reports, cost projections,and break even analysis of competitors.When firms consider how to expand products and services, managerial accountants help formulate profit projections from revenue and cost projections. In short, managerial accounting has historically played a large part in the control and evaluation of the business and its performance.

Therefore the problem confronting this  research is to  provide an of the nature an significance of management accounting with a case study of DUNLOP PLC

1.3  RESEARCH QUESTION

1       What is  the nature and significance of management accounting

2       What is the nature and significance of management accounting in Dunlop plc.

1.4  OBJECTIVE OF THE RESEARCH

1   To    determine    the nature of management accounting

2          To determine the significance of management accounting

3          To determine the nature and significance of management accounting in DUNLOP PLC.

1.5         SIGNIFICANCE OF THE

        The study shall provide the  principles and methodology  of management accounting statements

       It shall  state its significance and provide use information to managers and accounting officers on the use of management accounting.

1.6      MENT OF HYPOTHESIS

        1   Ho    quality of management decision in Dunlop is low

             Ho       quality of management decision in Dunlop is high

       2    Ho    management accounting is not significant in Dunlop

              Hi    management accounting is  significant in Dunlop

      3       Ho      Impact of management accounting on management decision  in Dunlop is low

               Hi        Impact of management accounting on management decision  in Dunlop is  high

1.7              SCOPE OF THE

     The study focuses on the of the nature and significance of management accounting with a case study of Dunlop plc.

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