Description
The role of cost and management accounting in enhancing management efficiency in manufacturing industry.
Abstract
The research focuses on the Role of Cost and Management Accounting in enhancing management efficiency in the manufacturing industry, a case study of Hamdala Sweet Factory Gusau, Zamfara State. The research intends to address problems such as lack of cost and management accounting unit in organizations, inadequate economical policies by management and qualified staff. The research is aimed at highlighting the features of cost/management accounting, guiding the organization on the cost of production and management decisions on production, safeguarding the organization’s resources. Data were generated through interviews and questionnaires, data were analyzed using tables and percentages. Findings include the new techniques like target costing, just-in-time, backflush, cost, and management accounting helps organizations and departments with decisions. The research recommends among other things that cost and management departments should not only be established in organizations but should also be manned by professionals in accounting.
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