+234 813 0686 500
+234 809 3423 853
info@grossarchive.com

MANAGERIAL ACCOUNTING: THE ROLE AND IMPORTANCE IN DECISION MAKING IN AN ORGANIZATION (A CASE STUDY OF VITA FOAM PLC, SAPELE)

  • Type:Project
  • Chapters:5
  • Pages:40
  • Methodology:Simple Percentage
  • Reference:YES
  • Format:Microsoft Word
(Accounting Project Topics & Materials)

MANAGERIAL ACCOUNTING: THE ROLE AND IMPORTANCE IN DECISION MAKING IN AN ORGANIZATION
(A CASE STUDY OF VITA FOAM PLC, SAPELE)


ABSTRACT
This project attempts to establish the vital role which application of managerial accounting has played in decision making in an organization using Vita Foam Plc as a case study.  This research work aims at examining the importance of managerial accounting in decision making in an organization.  This study is significant as it will help to reduce the risk involved in decision making in organization for the purpose of this study, the work is sub-divided into five chapters, chapter one deals on the background of the study, which include statement of problems, purpose of the study, definition of terms etc.  Chapter two focused on literature review which borders on related works at various professional and intellectuals, chapter three emphasis on the method of data collected and analysis.  The data collected through questionnaires were analyzed with tables of percentages with sample size of 29. Chapters four deals with presentation of analyzed data.  Finally, chapter five discuss the research findings, conclusion, and recommendation for the important of managerial accounting in decision making in an organization and further research.

TABLE OF CONTENTS
CHAPTER ONE:     Introduction                        
1.1     Background of the study                        
1.2     Statement of the problem                        
1.3     Objective of the study                            
1.4     Research question                            
1.5     Significance of the study                        
1.6     Scope of the study                            
1.7     Limitation of the study                            
1.8      Definition of key terms                            
CHAPTER TWO: LITERATURES REVIEW    
2.1     Introduction                                
2.2    The Relevant of Management Accounting            
2.3    The Challenges and Responsibilities of Management Accounting
2.4    Functions of Management Accounting                
2.5     Decision Making and Management Accounting        
2.6    Types of Decision Making                        
2.7    Management Accounting Techniques Used in Decision Making     
CHAPTER THREE: RESEARCH METHODOLOGY
3.1    Research Design                             
3.2    Population and sample size                            
3.3    Sample Size                                
3.4    Sample techniques                                 
3.5    Instrument of Data Collection                    
3.6    Validity of Instrument                            
3.7    Reliability of the Instrument                         
3.8    Method of data collection                        
CHAPTER FOUR: DATA PRESENTATION AND ANAL
4.1    Introduction                            
4.2    Presentation and Analysis of Result                
4.3    Discussion of Findings                            
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION
5.1    Summary of the Study                            
5.2    Conclusion                                    
5.3    Recommendation                             
5.4    Suggestion for further study                        
Reference                                     
Appendix I (Research Questionnaire)                    

CHAPTER ONE
INTRODUCTION
1.1    Background of the study
There is no accurate account when accounting stared. However, available information showed that, managerial accounting came as a result of the cut throat competition being faced by managers of companies, firms, industries and organizations of this day.
However, the system of record keeping can be traced back to the early civilization, the method of keeping record by making marks on the store, papyrus and the papyrus paper as we kwon the paper was used, in Egypt to start the art of financial record keeping was primitive in 1994,
Luck paciol introduced the double entry booking system in terms of managerial accounting records that all entries must have a debtor and a creditor so that decision can be made in an organization.
Over a years civilization and technological development to recent day modern accounting methods were introduced hence the formation of the professional accountancy bodies for example;
1.    Institution of chartered accountant of Scotland formed in 1854
2.    Association of certificated public accountant in use was formed 1887 as new method Nigerian accounting record keeping establish the institute of the chartered  accountants which regulate nation wide.
Managerial accounting information therefore becomes an effective aid other decision markers.
According to W.M Harper (1997) management accounting was integral part of cost accounting though evolve from cost accounting gas become a subject and discipline of its own.

1.2.    Statement of the Problems
A good managerial accounting decision making is judged and appraised on the decision it has made, one of the most difficult task making therefore, accountant is expected to supply all the necessary information for decision making in an organization.
-    Accounting Information is sometime provided by people who lack management skill.
-    Some of the information provided the management accountant are not timely and accurate.
-    Inability of the managers.

1.3.    Objectives of the Study
This study is aimed at achieving the following.
-     To establish the relationship between decision making and corporate performance.
-     To find the extent to which the use of managerial accounting information relates to corporate decision making.

1.4.    Research Questions
 The following questions are considered important for the study.
1.    Do all the users of management accounting in organization, firms employ management accounting techniques of data analysis?
2.    Can accounting record improve your organization for decision making?
3.    Does lack of expenses has any effect on managerial decision making?
4.    The task or recording of value of assets and liabilities has any effect in decision making of your organization?
5.    Do lack of managerial accounting techniques affect performance?

1.5.    Significance of the Study
This study is very important because it will assist management in the following   areas.
1.    Reduce the risk involved in decision making.
2.    It will give more information to the researcher and student studying the management accounting.
3.    To help the organization know how the strength of their organization of financial status.

1.6     Scope and Delimitation of the Study
  It is obvious that this study, the use of research for collection of information is necessary, the research was carried out in critical investigation under vita form Nigeria Plc, Sapele.

1.7        Limitation of the Study
         In the case study of the research faced many challenges, but fear are mentioned, which are as follows financial strength, to enable the researchers visit some of the mention and not in sit and how together some materials like text journal magazine and faced to face interactive with people.

1.8    Definition of Terms
Management: These are combination of board of directors general managers, divisional manages and supervisors who control the affair of an organization.
Management Accounting:    is a process by which managers discretely combine and co – ordinate human, financial, and material resources for the purpose of achieving organizational and objectives.
Information: This are processed data or facts.  
Decision Making: This entails making choice or selection of two more alternatives.
Controlling: is the process of checking whether or not proper progress is being made towards the objectives and goals.
Cut – throat: This is to complete with one another in aggressive and unfair way usually among companies.
Organization Decision: These are decision made to affect the organization that controls the subordinates towards a particular issue.

MANAGERIAL ACCOUNTING: THE ROLE AND IMPORTANCE IN DECISION MAKING IN AN ORGANIZATION (A CASE STUDY OF VITA FOAM PLC, SAPELE)
Share This

Details

Type Project
Department Accounting
Project ID ACC0642
Price ₦3,000 ($9)
Chapters 5 Chapters
No of Pages 40 Pages
Methodology Simple Percentage
Reference YES
Format Microsoft Word

500
Leave a comment...

    Details

    Type Project
    Department Accounting
    Project ID ACC0642
    Price ₦3,000 ($9)
    Chapters 5 Chapters
    No of Pages 40 Pages
    Methodology Simple Percentage
    Reference YES
    Format Microsoft Word

    Related Works

    ABSTRACT This project attempts to establish the vital role which application of managerial accounting has played in decision making in an organization using Vita Foam Plc as a case study. This research work aims at examining... Continue Reading
    CHAPTER ONE INTRODUCTION 1.1       BACKGROUND OF THE STUDY Financial reports provides an overview of a business profitability and financial condition in both short and long term. They are necessary sources of accounting information about companies for wide variety of users. In. every business, there, needs information. This information needs... Continue Reading
    INTRODUCTION 1.1 BACKGROUND OF THE STUDY Financial reports provides an overview of a business profitability and financial condition in both short and long term. They are necessary sources of accounting information about companies for wide variety of users. In. every business, there, needs information. This information needs ranges from financial,... Continue Reading
    CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Financial reports provides an overview of a business profitability and financial condition in both short and long term. They are necessary sources of accounting information about companies for wide variety of users. In. every business, there, needs information. This information needs ranges from... Continue Reading
    ABSTRACT The important of accounting record in profit making organization was undertaken in order to ascertain the impact of bookkeeping on profit performance on small scale business in Nigeria. It is noted that proper... Continue Reading
    ABSTRACT Information as a life wire of any organization is very vital decision making manufacturing companies take decision concerning Production, pricing and marketing. Consequently, it is vital that relevant,... Continue Reading
    (A STUDY OF AKWA IBOM WATER COMPANY LTD, UYO) ABSTRACT Information is a life-wire of every business organization. However, it is of various diversities, but accounting information was selected for this study on the grounds that some business organizations do not base... Continue Reading
    ABSTRACT This project is on “The Extent of Accounting Record Keeping in Private Organization” with special reference to selected private organization in Sapele which is Eternit Ltd. Chapter one deals with background of the study, statement of... Continue Reading
    CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY At independence, Nigeria joined the committee of nation with the hope for a better tomorrow. We were able to feed ourselves and were of course almost self-sufficient. Subsequently our hopes seemed unattainable. We seem to be going deeper and deeper into the woods. The consensus is that it has... Continue Reading
    CHAPTER ONE INTRODUCTION 1.1       BACKGROUND OF STUDY One   of   the   most   effective   uses   of   accounting information is decision making. Decision making has being described as a purposeful choosing from a number of alternative causes of action. The accounting information provides managers with the necessary... Continue Reading