EFFECTIVENESS OF COST ACCOUNTING INFORMATION IN PRICE DETERMINATION A CASE STUDY OF NIGERIA BOTTLING LIMITED (NBL) 9TH MILE CORNER UDI

(Accounting)

EFFECTIVENESS OF COST ACCOUNTING INFORMATION IN PRICE DETERMINATION

A CASE STUDY OF NIGERIA BOTTLING LIMITED (NBL)

9TH MILE CORNER UDI

ABSTRACT

The topic “Effectiveness of cost Accounting information in price determination is looking at cost Accounting when adequately treated and it use to the management of the organization in its planning and decision making.The need for cost accounting came with increased industrialization and expansion in manufacturing.  It is therefore obvious that and efficient system of costing is essential for industrial control.In period of boom manufacture are able to show profit not with standing but in periods of trade company.

TABLE OF CONTENT PAGE

CHAPTER ONE

1.1         INTRODUCTION                                                                 

1.2         BACKGROUND OF THE STUDY                                    

1.3         OBJECTIVE OF THE STUDY                               

1.4         SCOPE AND LIMITATION                                    

CHAPTER TWO

2.0       LITERATURE REVIEW                 

2.3       COST DETERMINATION                                      

2.4       FIXED AND VARIABLE COST                            

2.5       NATURAL AND FUNCTIONAL CLASSIFICATION OF COSTS                                                                                

2.6       THE FLOW OF COST IN BREWERIES              

2.7       THE TRANSFER TO FINISHED GOODS IN BREWING FIRM                                                                                              

2.8       DETERMINING THE COST STRUCTURE OF A FIRM FOR PRICING PURPOSE.                                              

2.9       THE NATURE OF PRICING PROBLEM            

2.10    SUMMARY OF REVIEWED LITERATURE                   

            CHAPTER THREE

3.1         RECOMMENDATION                                                                    

3.2         CONCLUSION                                                                    

BIBLIOGRAPHY                                                                 

CHAPTER ONE

1.1       INTRODUCTION

            Accounting has been defined by Ganter and under down in this book titled.  “Accounting Theory and practice” as a reporting activity that forms part of any management information system in this regard according is often explained as series of activities that are convicted and form successive steps starting with observing.  Then collecting recording analyzing and finally communication accounting information to its users by providing a time and fair basis of decision making accounting facilitates the managerial control process.

            The study of modern accounting yields in sight regarding both the accounting role and managers role in an organization.  Because managers wants to know how accounts measure performance and often depend upon accounting data for guiding their decisions decision making here can then be defined as making purposeful choosing from among a set alternative courses of action in light of some objectives.  Attempts will also be made in the course of this study to ascertain whether in practical situations those techniques in the literature review all operational in this brewing industry.  However we need not concern greatly with the boundaries of cost accounting.  The major point is that the focus of a modern cost accounting information system is helping managers deal with both the immediate and the distant futures.

STATEMENT OF PROBLEM 

1.1       A view shared by previous researchers in this firm on this topic, is that there has been a short fall in the utilization of cost accounting information breweries in its pricing policy decision making.

It is in light of this that research attempts to suggest a good system which companies a set of procedures, records and facilities that have to do with the systematic and routine complication and dissemination of cost information in price determination, through proper analysis of these management would have learnt the best method of analyzing its cost to obtain adequate information necessary for good pricing policy with Nigeria breweries as a case study.  Among the problems to be analyzed are.

i.              To highlight on management inadequate concern over proper pricing guide through cost information.

ii.            Necessary condition for a costing system.

iii.           Evaluate the present state of the application of the cost information in the determination of prices.

iv.           Appropriate basis of preparation of the cost

v.            The problem affecting the effective application of cost information in price determination.

vi.           Reaction to the application

vii.          To recommend a more effective and efficient way of applying cost information. 

1.2       SIGNIFICANCES OF THE STUDY

            This work is intended to be of benefit of processing business in general and to Nigeria Breweries Limited in particular it is hoped that by improving the profitability of these firms this study has benefited the economy as a whole.

            Following the completion of this work and result made available to there the processor will be in a position to re-examine their cost accounting information and price determination techniques and updata then so as to enjoy these benefit available to firms with good cost accounting and price determination techniques and also avoid plunging their business into financial and operating difficulties.

            Finally, this work increase the materials available on this topic.  Readers will appreciate other people views on the effectiveness of cost accounting information in price.  Determination and see the work ability of this costing models and price determination systems in real situations.

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