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GENERAL

THE ROLE OF MANAGEMENT ACCOUNTANT TO COST-CONTROL-AND-PROFIT-PERFORMANCE-IN-AN-ORGANIZATION.

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PROJECT INFORMATION

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 iCertification Page iiDedication iiiAcknowledgement ivAbstract vTable of contents vi

CHAPTER ONE: INTRODUCTION

1.1 Background of the study 11.2 Statement of the study 21.3 Objectives of the study 31.4 Research Question 41.5 Formulation of hypotheses 41.6 Significance of the study 51.7 Scope of the study 61.8 Limitations of the study 61.9 Definition of terms 7

CHAPTER TWO

2.1 Definition of profit performance. 92.2 The concept of profit performance. 102.3 Functions of Management Accountants in relation to profit making in an organization. 122.4 Basic tools employed by Management Accountants inProfit maximization. 142.41 Standard Costing 142.42 Marginal Costing 202.43 Budgeting and Variance analysis 222.44 Cost Volume Profit Analysis 282.5 The Concept of Cost in Profit Maximization 292.6 Ways of Regulating Cost in a Manufacturing Company. 31

CHAPTER THREE: RESEARCH METHODOLOGY

3.1 Research Design 363.2 Sources of Data 373.3 Area of study 383.4 Population of Study 38ix3.5 Determination of Sample Size 383.6 Reliability Test 403.7 Validity Test 413.8 Method of Data Analysis 41

CHAPTER FOUR: PRESENTATION AND ANALYSIS OF DATA

4.1 Presentation of Data 434.2 Analysis of Data 434.3 Testing of Hypotheses 60

CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS.

5.1 Introduction 675.2 Summary of findings 675.3 conclusion 695.4 Recommendations 70Bibliography 72Appendices 74

CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY

Prices of goods and services are gradually increasing day by day, and due to the fact that the sole aim of a businessman, producer or manufacturer is to make profit they end up making use of low quality materials for production so as to reduce cost of production and maximize profit. Moreover, with the increase of competitors around, most of the producers have thought it wise to manufacture or package a quality product and also enhance their profit level. This elevated the interest of the researcher to bring to light of how this goal can be achieved through intensive study of the role of management accountants to cost control and profit performance in an organization. Apart from cooperate scandals; there has been anosmatic pressure for better profit maximization as the business environment became more volatile. 


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