THE ROLES INVOLVING MANAGEMENT ACCOUNTING IN PROFIT MAXIMIZATION

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
Certification Page
Dedication
Acknowledgement
Abstract
Table of contents

CHAPTER ONE: 
INTRODUCTION
1.1Background of the study 
1.2Statement of the study 
1.3Objectives of the study 
1.4Research Question 
1.5Formulation of hypotheses 
1.6Significance of the study 
1.7Scope of the study 
1.8Limitations of the study 
1.9Definition of terms

CHAPTER TWO
2.1Definition of profit performance. 
2.2The concept of profit performance. 
2.3Functions of Management Accountants in relation to profit making in an organization. 
2.4Basic tools employed by Management Accountants in Profit maximization. 
2.41Standard Costing 
2.42Marginal Costing 
2.43Budgeting and Variance analysis 
2.44Cost Volume Profit Analysis 
2.5 The Concept of Cost in Profit Maximization 
2.6 Ways of Regulating Cost in a Manufacturing Company. 

CHAPTER THREE: 
RESEARCH METHODOLOGY
3.1Research Design 
3.2Sources of Data 
3.3Area of study 
3.4Population of Study
3.5Determination of Sample Size 
3.6Reliability Test 
3.7Validity Test 
3.8Method of Data Analysis 

CHAPTER FOUR: 
PRESENTATION AND ANALYSIS OF DATA
4.1Presentation of Data 
4.2Analysis of Data 
4.3Testing of Hypotheses 

CHAPTER  FIVE:  
SUMMARY OF FINDINGS, CONCLUSION  AND RECOMMENDATIONS.
5.1Introduction 
5.2Summary of findings 
5.3 Conclusion 
5.4Recommendations 
Bibliography 
Appendices
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APA

Kings, S. (2018). THE ROLES INVOLVING MANAGEMENT ACCOUNTING IN PROFIT MAXIMIZATION. Afribary. Retrieved from https://afribary.com/works/the-roles-involving-management-accounting-in-profit-maximization-4861

MLA 8th

Kings, Solomon "THE ROLES INVOLVING MANAGEMENT ACCOUNTING IN PROFIT MAXIMIZATION" Afribary. Afribary, 29 Jan. 2018, https://afribary.com/works/the-roles-involving-management-accounting-in-profit-maximization-4861. Accessed 30 May. 2024.

MLA7

Kings, Solomon . "THE ROLES INVOLVING MANAGEMENT ACCOUNTING IN PROFIT MAXIMIZATION". Afribary, Afribary, 29 Jan. 2018. Web. 30 May. 2024. < https://afribary.com/works/the-roles-involving-management-accounting-in-profit-maximization-4861 >.

Chicago

Kings, Solomon . "THE ROLES INVOLVING MANAGEMENT ACCOUNTING IN PROFIT MAXIMIZATION" Afribary (2018). Accessed May 30, 2024. https://afribary.com/works/the-roles-involving-management-accounting-in-profit-maximization-4861

Document Details
Field: Accounting Type: Project 142 PAGES (12115 WORDS) (docx)