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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]
CHAPTER ONE -- [Total Page(s) 3]
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1.5 FORMULATION OF HYPOTHESIS
The following hypothesis was formulated for this research work.
Hypothesis 1
H0: management accountant is not relevant in organizational internal cost performance efficiency
H1: management accountant is relevant in organizational internal cost performance efficiency.
Hypothesis 2
H0: resent increase in cost of products manufactured in Nigeria is not caused by other factors rather than management accountant inefficiency.
H1: resent increase in cost of products manufactured in Nigeria is caused by other factor rather than management accountant inefficiency.
Hypothesis 3
H0: organizational strategic managers should not rely on management accountant information for decision making.
H1: organizational strategic managers should rely on management accountant information for decision making.
1.6 SIGNIFICANCE OF THE STUDY.
The management accountant makes the necessary information available to the management by the application of his skill and knowledge. The significance of this study is to bring to the notice of the management the exemplary role of the management accountant and the technique he uses to provide information and also how these would affect the operations and the attainment of the organizational goal if these information provided are not recommended for use by the management. And with such knowledge and information put to use, management would be able to plan and control the organization such that the cost of operating the business will be at a minimum while profit will be maximized.
And if the profit objective is achieved, the customer will benefit from better and cheaper product while the investors will benefit from the profit as well.
1.7 SCOPE OF THE STUDY
The study is limited as it looks at the role of management accountants to cost control and profit performance in an organization. A case study of INNOSON Company Nigeria limited Emene, Enugu. This research work intends to cover:
1. How managerial accountants should be able to adapt their generalized knowledge of accounting to develop customized data and report that are logical and support sound management process.
2. The reporting structure is well defined and standardized.
3. The methods of preparation of information and the report presented are governed by rules.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTAccountants 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 i ... Continue reading---
