HomeAccounting project topics and materials for undergraduatesTHE ROLE OF MANAGEMENT ACCOUNTANT TO COST CONTROL AND PROFIT PERFORMANCE IN AN ORGANIZATION (A CASE STUDY OF INNOSON NIGERIA LIMITED ENUGU)
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THE ROLE OF MANAGEMENT ACCOUNTANT TO COST CONTROL AND PROFIT PERFORMANCE IN AN ORGANIZATION (A CASE STUDY OF INNOSON NIGERIA LIMITED ENUGU)

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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
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
viii
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
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
ix
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
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