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The Application Of Cost Profit Volume Analysis In Taking Business Decision.
[A CASE STUDY OF NIGERIA BREWERIES PLC IBADAN]
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1.3 AIMS AND OBJECTIVES OF THE STUDY
Specifically, the aim of this study is to know or examine the application of cost volume profit analysis in taking business decision. To achieve this aim the following objectives shall be proved:
- To examine the impact or application of cost volume profit analysis method of a company’s product in the market it served
- To find out the extent in which cost volume profit analysis effort has led to increase in accountability aspect and profitability level of Nigeria breweries plc lbadan.
- Also to examine the appraisal and evaluate a current level at which cost volume profit analysis has changed the face of Nigeria breweries plc in term of their business decision compared to what the organization is practicing before.
- To also examine the adventure of cost profit analysis as producer of consumable goods in Nigeria market.
1.4 SIGNIFICANCE OF THE STUDY
The significance of the study is to identify analyze and make recommendation on the application of cost volume profit analysis in taking business decision
The significance to Nigeria breweries plc is to be the first beneficiary to the recommendation given after the research.
The significance of the study to the research is to widen the knowledge of the researcher on the subject matter which is application of cost profit volume analysis in taking business decision, also to educate the researcher on application of cost profit volume analysis in taking business decision.
Finally, the significance of the study to the society at large is for reference purpose more so, for reading purpose for people that find it interesting.
In addition, estimation and application of sales volume is necessary to earn a normal profit, plans can be laid in the areas of marketing, purchasing, production and financing,
1.5 SCOPE OF THE STUDY
The study of cost volume profit centers the usefulness and application of the accounting concept i.e. C.V.P cash tool for management in making business decision, and focus on how to calculate the cost volume profit analysis, computations of the C.V.P analysis as well as its basic principles. And not exempt the assumption behind limitations and the uses of the concept.
Finally a case study of the Nigeria brewery plc lbadan would be investigated under the concept of C.V.P analysis.
1.6 LIMITATIONS AND CONSTRAINTS OF THE STUDY
This study has been hindered by a lot of problems, also the effectiveness of carrying out this research is hindered by the following factors.
A. Poor response: - some staff of the company who are in adequate position to give adequate information declined in doing this. They claimed it is due to organization set up and personal perception, a side the fact that it’s meant for public consumption.
But personal observations are being carried out and consultation was also made on this study for broad analysis and for easy understanding.
B. Claim of confidentiality: - in case where the staff agreed to respond to questions thrown to them, the information and factors supplied were not adequate. This is as result of confidentiality claimed by the personnel.
But promise were made to keep the investigation given as secret before they were to supply little information
C. Non- availability of data: - this is another hindrance to the study. The data necessary for the study was not fully supplied and available, its validity is another problem.
But the sources of data for this project work were gathered mostly from textbooks, journals, library and secondary data were also adopted.
D. Time and money constraint: - This project work requires time and money which are not available as a student; there is limit to the sources of income available to researcher.
But money was sourced from other means like borrowing and gifts from relatives to complete the research work. Also, one or two days was left out for the research work.
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